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[6 Jul 2012 | No Comment | ]

Toyota Motor Corp.’s monthly new car sales in the United States surged 60.3 percent from a year earlier to 177,795 units in June.
The automaker, badly hit by parts supply disruptions stemming from the March 2011 disasters, has been on a full recovery path since earlier this year and secured 87.3 percent growth in May.
With gasoline prices remaining high, the company’s fuel-efficient models, such as Prius hybrids and compact vehicles, saw strong demand in June, Toyota said Tuesday.
Overall, sales of new cars and trucks in the U.S. surged in the reporting …

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[31 May 2012 | No Comment | ]

Toyota Motor regained its position as the world’s No. 1 automaker in the first quarter of 2012, stealing back the lead from U.S. giant General Motors, according to manufacturers’ figures.
The Japanese firm, which includes the brands Toyota, Lexus, Daihatsu and Hino, sold 2.49 million vehicles in the three months to March 31, ahead of General Motors with 2.28 million and Germany’s Volkswagen with 2.16 million.
Toyota spokeswoman Dion Corbert said the carmaker had faced major hurdles in recent years, which resulted in it giving up its lead to GM in 2010.
“We …

Business News & Advice »

[10 Apr 2012 | No Comment | ]

Toyota Motor Corp. has increased its 2012 industrywide forecast for U.S. sales of cars and light trucks to the 14 million unit range from 13.6 million, citing rising consumer confidence.
“We’re starting to see improvement in consumer confidence, and combined with rising fuel prices and aging vehicles, the market is starting to move,” Bob Carter, Toyota’s group vice president for U.S. sales, told reporters Thursday at the New York International Auto Show. “It’s happening quicker than anyone thought.”
Sales of light vehicles in the U.S. rose 13 percent in first quarter to …

Business News & Advice »

[22 Nov 2011 | No Comment | ]

Toyota celebrated the start of Corolla production at its newest U.S. auto plant Thursday after a lengthy delay that the carmaker blamed on the weak economy.
The ceremony formally marked the start of production last month, almost five years after Toyota Motor Corp. announced in February 2007 that it would build a sprawling facility in Blue Springs, a tiny town in the sparsely populated hills of north Mississippi.
Toyota Motor Corp. President Akio Toyoda, on hand for the ceremony, blamed the setback on the economy but said the time is now right …

Headline »

[3 Nov 2011 | No Comment | ]

Toyota Motor Corp unveiled its ambitions for high-tech health care Tuesday, displaying experimental robots that the auto giant says can lift disabled patients from their hospital beds or help them walk.
The company aims to commercialize products such as its “independent walk assist” device sometime after 2013 – seeking to position itself in an industry with great potential in Japan, one of the world’s most rapidly aging nations.
Eiichi Saitoh, a professor in rehabilitation medicine, demonstrated the “walk assist” device on Tuesday, strapping the computerized metallic brace onto his right leg, which …

Career News & Advice »

[10 Oct 2011 | No Comment | ]

Toyota Motor Corp plans to offer a study-abroad program in 2012 for selected recipients of job offers in Japan. Toyota said its new program seeks to develop a more globally literate workforce by providing new graduates the opportunity to study abroad before they become employees.
The program is aimed to help participants develop a broad network with university students outside Japan and to learn more about the role expected of them within the international community, Toyota said.
The automaker plans to send as many as 10 people from among the job-offer recipients …

Business News & Advice »

[8 Oct 2011 | No Comment | ]

Toyota Motor Corp this week held an event at its Toyota Biotechnology and Afforestation Laboratory in Aichi Prefecture to showcase technologies developed there as part of its biotechnology and afforestation businesses. Technology on display included a newly developed yeast that increases the production yield of cellulosic ethanol bio-fuel, new technologies for the greening of parking lots and walls, and a new “cool-spot creation technology” for simulating and analyzing the effects of greening.
Development status of bio-fuels (cellulosic ethanol)
Toyota, through the use of gene recombination technology, has recently developed a new strain …

Business News & Advice »

[14 Jul 2011 | No Comment | ]

Toyota is making two group auto-assembly companies in Japan into wholly owned subsidiaries and will start talks on a merger of three group companies in an effort to strengthen Japanese manufacturing.
Toyota Motor Corp. President Akio Toyoda made the announcement Wednesday from Nagoya, central Japan, in a news conference, shown on a screen at the automaker’s Tokyo office.
Toyoda believes the moves will help keep auto production in Japan and quicken product development to remain globally competitive despite unfavorable conditions such as the strong yen and a growing power crunch.

Business News & Advice »

[1 May 2011 | No Comment | ]

Toyota Motor Corp will develop technology to enable electric vehicles and plug-in hybrids to charge batteries in parking lots without the use of plugs. To proceed with the development of wireless charging systems, the Japanese automaker has concluded a technological collaboration agreement with U.S. venture WiTricity Corp, with Toyota making some investments in the company.
Toyota aims to have the system ready for practical use within the next 10 years, a Toyota official said.
As WiTricity has the right to exclusively use a patent for the technology that can transmit electricity efficiently …

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[11 Apr 2011 | No Comment | ]

The Toyota Motor Corporation will resume vehicle production at all of its plants in Japan starting April 18, but would reduce the activity in North American plants due to unavailability of parts.
“The production volume is planned to be approximately 50 percent of the normal level,” Xinhua reported citing a company statement.
The company halted vehicle production at all its Japanese plants March 14. But it resumed production of three hybrid models in Japan March 25.
It would reduce production in its North American plants due to unavailability of parts following the March …