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Toyota

February 15, 2010

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in addition to the 8 million already in progress.

Toyota Motor Corp, the family-controlled automaker, announced further recalls on Friday in addition to the 8 million already in progress.
 
The latest move will see 8,000 pickup trucks recalled over possible cracks in the drive shaft component. The part is not made by Toyota but supplied by Dana Holdings Corp, who also supply the same part to Ford Motor Co and Nissan Motor Co. Neither Ford or Nissan are recalling vehicles.
 

February 9, 2010

Akio Toyoda, the fourth-generation head of the family controlled automaker Toyota, apologised to customers yesterday for further recalls across its flagship hybrid range.

Akio Toyoda, the fourth-generation head of the family controlled automaker Toyota, apologised to customers yesterday for further recalls across its flagship hybrid range.
 
At a press conference in Tokyo the company announced a recall of 437,000 hybrid cars worldwide to fix a brake defect. This is in addition to the 8 million cars that have already been recalled since November.  
 

February 4, 2010

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.

Toyota Motor Corporation, the family-controlled carmaker, today said it hopes to return to profit this year despite the heavy losses it is currently suffering due to the recalls of many of its models.
 
The Tokyo-based business said it hoped to make a net profit of $880 million for the 2010 financial year, an increase on the forecast from November 2009 which predicted another loss for the family-controlled company.
 

July 1, 2009

Despite its new family president taking a pay cut, Toyota had its credit ratings cut today by Fitch Ratings as weak car demand, especially in the American markets, continues to impact earnings.

Despite its new family president taking a pay cut, Toyota had its credit ratings cut today by Fitch Ratings as weak car demand, especially in the American markets, continues to impact earnings.

June 23, 2009

Akio Toyoda, great-grandson of Toyota dynasty founder Sakichi Toyoda, began his new job as Toyota president today.

Akio Toyoda, great-grandson of Toyota dynasty founder Sakichi Toyoda, began his new job as Toyota president today.

The 53-year-old begins amid extremely difficult trading times for the automobile industry. The beginning of the month saw one of Toyota's biggest rivals for the title of world's largest carmaker, General Motors, file for bankruptcy. Toyoda also starts with words of warning from his predecessor still ringing in his ears.

March 19, 2009

The reporting season is upon us, and the news emerging from the world’s family-owned car makers is grim. BMW recently reported a full-year loss of €718 million, PSA PeugeotCitroen announced a net loss of €343 million while Ford reported a loss of $14.6 billion.

The reporting season is upon us, and the news emerging from the world's family-owned car makers is grim writes Jane Simms. BMW recently reported a full-year loss before tax and interest of €718 million, much worse than the market had predicted. PSA PeugeotCitroen announced a net loss of €343 million and has been forced to accept a government bailout.

Ford reported a loss of $14.6 billion last year, the biggest in its 105-year history. Even Toyota is expected to announce its first net loss in six decades when it reports on its financial year ending 31st March.

January 22, 2009

The founding family of Japanese motor manufacturer Toyota has two reasons to celebrate this week.

The founding family of Japanese motor manufacturer Toyota has two reasons to celebrate this week. Akio Toyoda, grandson of the car company’s founder, was confirmed as its new president on Tuesday while yesterday Toyota claimed the title of world’s biggest carmaker.

As expected, Toyoda (pictured) was entrusted with the top job even though it comes just six months after he was promoted to the role of chairman board of directors of Toyota’s European arm. It caps a rapid rise for the 54-year-old, who first joined the company in 1984.

January 19, 2009

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

The 83-year-old’s father, Kiichiro Toyoda, founded the motor company while his grandfather Sakichi Toyoda is credited with starting the Toyota dynasty.

Shoichiro joined the business as a director in 1952, served as president between 1982–1992 and has been honorary chairman since 1999.

January 12, 2009

Japanese car manufacturer Toyota has chosen Akio Toyoda, the great-grandson of the company's founder, to become its next president according to reports.

Japanese car manufacturer Toyota has chosen Akio Toyoda, the great-grandson of the company's founder, to become its next president according to reports.

The news, which is being reported by the Wall Street Journal but which Toyota has yet to confirm, marks an astonishing rise for Toyoda (pictured). Just six months after being promoted to the role of chairman board of directors of Toyota’s European arm, he appears set to take on the top job.

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