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February 10, 2014
05:56 EDTTMToyota to end production in Australia by the end of 2017
Toyota Motor Corporation and Toyota Motor Corporation Australia Ltd., its production and sales subsidiary in Australia, decided today to end Toyota vehicle and engine production in Australia by the end of 2017. Concerning the decision, TMC President Akio Toyoda said: “We believed that we should continue producing vehicles in Australia, and Toyota and its workforce here made every effort. However, various negative factors such as an extremely competitive market and a strong Australian dollar, together with forecasts of a reduction in the total scale of vehicle production in Australia, have forced us to make this painful decision.” Furthermore, Toyota is considering reducing the scale of the operations of Toyota Technical Center Asia Pacific Australia Pty. Ltd., Toyota's development base in Australia with operations related to Toyota production in Australia.
News For TM From The Last 14 Days
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October 31, 2014
07:38 EDTTMToyota November volatility at 17 into Q2 and outlook
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06:31 EDTTMNHTSA asks Takata for defected airbag documentation, Reuters says
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October 30, 2014
13:45 EDTTMHyundai hybrid to compete with Prius, Reuters reports
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06:42 EDTTMDefected Takata airbags could take months to replace, Reuters says
The National Highway Traffic Safety Administration does not think Takata is capable of completely supplying replacement parts for millions of faulty airbags until this upcoming January or later, according to Reuters, citing comments from the agency's deputy director. David Friedman. Car companies who utilized Takata airbags include Toyota (TM), Honda (HMC), Mazda (MZDAF), BMW (BAMXY), Nissan (NSANY), Mitsubishi, Subaru, Chrysler (FCAU), Ford (F), and General Motors (GM). Reference Link
October 27, 2014
14:37 EDTTMToyota tops Consumer Reports survey, Reuters says
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06:40 EDTTMTakata mulls $19M-$28M charge to cover airbag recall expense, Reuters says
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06:17 EDTTMToyota leads over Volkswagen and GM in global vehicle sales, AP reports
Toyota (TM) continues to lead rivals Volkswagen (VLKAY) and General Motors (GM) as the world's top selling automaker in the first nine months of the year, reports the Associated Press. Toyota reported record sales of 7.62M vehicles, up 3% from last year. Volkwager said earlier this month it sold 7.4M vehicles in the nine-month period while GM reported 7.37M cars and trucks worldwide in the same period. Reference Link
October 24, 2014
18:25 EDTTMToyota won't seek price concessions from parts suppliers Nikkei says
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06:29 EDTTMHonda Mobilio zeros in on Toyota's domain in Indonesia, Reuters says
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October 23, 2014
13:11 EDTTMToyota sold Tesla shares, partnership ties reduced, Nikkei says
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07:58 EDTTMAutomakers under increased scrutiny after wide ranging air bag recall, WSJ says
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October 22, 2014
11:33 EDTTMToyota exec aims to keep Takata despite airbag defect, Reuters says
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06:24 EDTTMNHTSA says over 6M cars involved in Takata airbag recalls
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October 20, 2014
10:32 EDTTMToyota recalls 247K vehicles equipped with faulty Takata air bags
Toyota Motor Sales, U.S.A. announced plans to conduct a supplemental safety recall of approximately 247,000 Toyota Corolla, Matrix, Sequoia, Tundra and Lexus SC vehicles produced from 2001 to 2004 and equipped with front passenger airbag inflators supplied by Takata Corporation. This action intensifies Toyota’s efforts to reach customers and remedy previously recalled vehicles, and a small number of newly included vehicles, in certain geographic areas that appear to warrant immediate action, based on testing by the supplier. Reference Link

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