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Stock Market & Financial Investment News

News Breaks
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.
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July 30, 2014
06:57 EDTTMVolkswagen poised to overtake Toyota in vehicle sales, Reuters says
Volkswagen's (VLKAY) rapid growth in China leaves it well-positioned to overtake Toyota (TM) as the world's leader in vehicle sales, according to Reuters. Volkswagen's sales for the first half of the year could eclipse those of Toyota, the news service stated. Reference Link
July 29, 2014
07:51 EDTTMToyota urged to recall Camry Hybrid by Consumer Reports
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July 28, 2014
06:04 EDTTMNHTSA closes Toyota Prius defect petition review
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July 18, 2014
18:21 EDTTMToyota to launch pricier compact in India, Nikkei reports
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15:23 EDTTMJapan to provide generous subsidies for fuel cell vehicles, Nikkei says
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