Toyota Motor Corp said its biggest ever safety recall would cost it up to $2 billion this quarter, but raised its outlook for the financial year to March after a forecast-beating third-quarter.
U.S. Transportation Secretary Ray LaHood retracted a statement where he urged owners of Toyota vehicles involved in a massive safety recall to stop driving the cars.
The top U.S. transportation official said he will speak with Toyota's CEO about safety concerns regarding the company's vehicles.
Honda Motor Co raised its annual forecast on Wednesday after cost-cuts boosted quarterly profit and said it was concerned that rival Toyota's huge safety recall might tarnish other Japanese brands.
Toyota Motor's unprecedented recall of millions of vehicles with faulty accelerators is already taking a toll on its sales and may force it to cut 2010 sales forecasts.
Toyota Motor Corp shares jumped more than 5 percent on Tuesday after it detailed plans to fix nearly 4.5 million vehicles equipped with faulty accelerators in North America and Europe.
Toyota Motor Corp on Monday began shipping parts to fix faulty accelerators in nearly 4.5 million vehicles in North America and Europe, and said it would restart North American production on February 8 after an unprecedented shutdown prompted by the problem.
Toyota Motor Corp said production of eight models involved in a safety recall would resume on February 8, as it detailed plans to fix 2.4 million vehicles and sought to salvage its reputation with a PR blitz.
Toyota Motor Corp said on Monday it will resume North American production of eight vehicle models involved in a massive safety recall on February 8, after a one-week shutdown.
Toyota Motor Corp U.S. chief Jim Lentz said on Monday the Japanese automaker is confident it found the remedy to fix some 2.4 million of its eight most popular models involved in a safety recall and sales and production suspension.
Toyota Motor Corp on Monday announced a fix for about 2.4 million of its eight most popular models involved in a safety recall and sales and production suspension.
Toyota Motor Corp's largest rivals are declaring open season on the automaker at a time when the industry leader is seen as most vulnerable in its largest market.
Toyota said its global safety withdrawal would take up to 1.8 million vehicles off Europe's roads and rival Honda announced its own recall, placing the vaunted pedigree of Japan's carmakers under fresh scrutiny.
Toyota Motor Corp faced U.S. Congress scrutiny over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota's woes, also said it would recall thousands of cars worldwide.
Toyota Motor Corp faced scrutiny from Congress over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota's woes, also said it would recall thousands of cars worldwide.
Toyota Motor Corp faced scrutiny from Congress over its biggest ever safety recall as investors, suppliers and consumers weighed the impact of an unprecedented halt in U.S. production by the No.1 automaker.
Congressional investigators on Thursday sought documents on Thursday from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address.
Toyota Motor Corp has halted U.S. sales of some of its best-selling vehicles under to address a product safety crisis that threatens its once untouchable reputation for quality.
Every second critical infrastructure supplier has been a target of a cyberattack, a survey of security software firm McAfee showed on Thursday.
Toyota Motor Corp extended its safety recall of millions of its most popular cars to Europe and China on Thursday in a further blow to the reputation of the world's largest auto maker.
Toyota Motor Corp is extending to Europe the recall of millions of its most popular cars due to dangerous accelerator pedals, a further blow to the reputation of the world's largest car maker.
Toyota Motor Corp shares dropped more than 8 percent on Wednesday in U.S. trading as concern deepened about the automaker's suspension of sales and production of some of its best-selling vehicles due to problems with faulty accelerators.