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January 23, 2014
07:13 EDTTMToyota targets worldwide sales over 10M in CY14
Toyota Motor announced its calendar year 2014 sales and production plans, including those for subsidiaries Daihatsu Motor and Hino Motors. The company is targeting worldwide total sales to rise 4% from the previous year to 10.32M. Toyota sees CY14 Japanese sales to fall 5% to 2.18M and overseas sales to grow 6% to 8.14M. Toyota sees CY14 worldwide production to rise 3% to 10.43M, with Japanese production down 5% to 4.05M and overseas production up 9% to 6.38M.
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April 24, 2014
06:20 EDTTMAutomakers see delays of new cars delayed from U.S. factories, WSJ reports
Deliveries of new cars and trucks are being delayed from U.S. factories as automakers and railroads face effects from winter weather and the rise of production outside the Midwest, the Wall Street Journal reports. Dealers have been left short of some popular models like the Ford Explorer (F) and Toyota Rav4 (TM) because of the logjams, the publication adds. CSX Corp (CSX) CEO Michael Ward expects the situation will ease through Q2. Reference Link
April 23, 2014
12:25 EDTTMToyota reports yearly global sales up 4.5% to 10.13M vehicles
Toyota reported that for its fiscal year ended March 31, worldwide sales increased 4.5% to 10.13M vehicles. The company also reported yearly sales in Japan increased 3.9% to 2.4M vehicles. Reference Link
07:45 EDTTMToyota desires more hybrid system parts created in China, Reuters says
Toyota desires locally-made parts to comprise at least half the components in the gasoline-electric hybrid propulsion systems for the Corolla and Levin vehicles it aims to begin producing in China next year, according to Reuters, citing comments from the vice president for Toyota Motor Engineering and Manufacturing in China. Reference Link
April 22, 2014
06:20 EDTTMToyota's striking workers in India expected to resume work, WSJ reports
Workers at Toyota's factories in India are expected to restart work today, ending a strike over higher wages, the Wall Street Journal reports. Reference Link
April 21, 2014
07:46 EDTTMToyota to debut China-produced Corolla, Levin hybrids in FY15, Reuters says
Toyota is aiming to produce and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-built components, in its first offer to completely construct gas-electric hybrids outside of Japan, according to Reuters, citing comments from the company's executive vice president Yasumori Ihara. Reference Link
April 17, 2014
08:10 EDTTMJapanese, German car manufacturers benefiting on Korea deal, Reuters says
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07:58 EDTTMEU vehicle sales turnaround fails to stop price war, Reuters says
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April 16, 2014
08:12 EDTTMToyota prepares for slower growth after two profitable years, Reuters says
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April 15, 2014
18:11 EDTTMMajor Japanese automakers target 30% production increase in Asia, Nikkei says
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06:40 EDTTMToyota rivals Hyundai's Sonata with Camry revamp, Bloomberg says
Toyota (TM) is making aesthetic changes to its Camry sedan just halfway into the carís usual design cycle, which is a signal that the car manufacturer is eager to rival Hyundai's (HYMLF) Sonata, which also is being reworked for FY15, reported Bloomberg. Reference Link
April 14, 2014
14:18 EDTTMToyota targets 10% improvement in MPG for new engines, AutoNews says
Toyota is aiming for a 10% increase in the fuel efficiency of its new line up of engines which are set to arrive through the end of 2015, AutoNews reports. Reference Link
April 11, 2014
07:31 EDTTMChina auto sales growth slowed in March, WSJ reports
The China Association of Automobile Manufacturers said 1.71M passenger vehicles were sold there in March, which was up 7.9% from a year earlier but a slower growth rate than the 11% year-over-year increase seen in the January-to-February period, reported The Wall Street Journal. The association cited weak sales of minivans, which fell 23% in the month, as a large factor, the report noted. Publicly traded automakers include Ford (F), General Motors (GM), Fiat (FIATY), Honda (HMC), Toyota (TM), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
05:43 EDTTMToyota upgraded to Buy from Hold at Jefferies
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April 10, 2014
17:50 EDTTMToyota group members to expand repair shops in Southeast Asia, Nikkei says
Parts makers Denso and Aisin Seiki, and trading house Toyota Tsusho, intend to open repair shops in Thailand and Indonesia during 2014, Nikkei reports. Reference Link
13:44 EDTTMToyota unveils new, more efficient gasoline engines, AP reports
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06:32 EDTTMAutomakers have recalled nearly 15M vehicles since start of year, WSJ reports
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03:19 EDTTMToyota targets annual Chinese car sales of 2M units by 2025, Nikkei reports
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