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Stock Market & Financial Investment News

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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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March 27, 2015
06:27 EDTTMToyota unveils new manufacturing process, WSJ says
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March 23, 2015
09:05 EDTTMToyota to partner with I.D. Systems on new VMS
Toyota (TM) Material Handling, U.S.A., and I.D. Systems (IDSY) have executed a strategic partnership agreement to develop and deploy a new wireless industrial Vehicle Management System, or VMS. The new VMS will be marketed through the Toyota Industrial Equipment umbrella in North America under the "T-Matics" brand. The T-Matics products were officially launched to Toyota dealers on March 3.
March 22, 2015
17:42 EDTTMToyota close to approving Mexico plant, Reuters says
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March 17, 2015
06:13 EDTTMToyota to offer biggest pay increase for workers in 13 years, WSJ reports
Toyota will raise wages for its workers by the most in 13 years, The Wall Street Journal reports. According to a source, the automaker will raise the monthly pay for a unionized worker in Japan by about 3.2% on average beginning in April; workers will be offered a Y4,000 raise in monthly base pay and a Y7,300 raise in seniority pay, the source adds. Reference Link

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