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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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November 25, 2015
06:29 EDTTMTakata manipulated air bag testing data as early as 2000, NY Times reports
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05:58 EDTTMToyota recalls 1.6M cars after Nissan air bag injury, Bloomberg reports
Toyota (TM) reissued a recall for 1.6M cars in Japan over Takata air bags, reports Bloomberg. The recall comes after a component that was deemed safe in a Nissan (NSANY) vehicle ended up injuring a passenger last month. Reference Link
November 23, 2015
10:37 EDTTMFord no longer using Takata air bag inflators in future cars, AP reports
Ford (F) will stop using air bag inflators manufactured by Takata (TKTDY) in future vehicles, the Associated Press reports. The company joins Honda (HMC), Toyota (TM), and Nissan (NSANY) in choosing not to put the inflators in vehicles currently under development, the report says. Reference Link
November 18, 2015
09:32 EDTTMThe House Oversight & Government Reform Committee to hold a hearing
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06:32 EDTTMToyota's Mirai gaining traction in California, Reuters says
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November 11, 2015
12:34 EDTTMToyota to build RAV4s in Cambridge, Ontario plant
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06:24 EDTTMNissan testing driverless cars in Japan, Business Insider reports
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