Toyota Motor Co (7203.T) said on Tuesday that it had offered buyout packages in a bid to reduce the management staff at its U.S. sales headquarters in Torrance, California.
American car owners gave a confidence boost to auto manufacturers, as General Motors, Ford, Chrysler and Toyota posted double digit gains in January US auto sales.
The British motor industry is on line to receive a 7-billion-pound boost from electric cars between 2011 and 2014, according to a survey by GfK Automotive.
U.S. auto sales lost momentum in the final weeks of January, auto executives and a leading analyst cautioned on Monday, setting the stage for a softer start to 2011 than the industry had expected.
Honda Motor Co <7267.T> raised its cautious annual outlook beyond market expectations as a recovery in the key U.S. market helps counter the strong yen and sliding Japanese sales, which dragged its third-quarter profits down 29 percent.
Diesel-engine vehicles are a better value compared to vehicles with gasoline engines because of their lower operating costs and higher resale value over time, according to a new study released by Carnegie Mellon University.
Among the millions crowding China's railways stations and airports in the annual Lunar New Year trek home are many workers who won't be coming back to their jobs in the workshop of the world.
Among the millions crowding China's railways stations and airports in the annual Lunar New Year trek home are many workers who won't be coming back to their jobs in the workshop of the world.
Japanese auto-maker Toyota Motor Corp said it will recall as many as 1.7 million vehicles worldwide over concerns about a possible fuel leakage problem.
Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality.
Toyota has issued a recall of 1.7 million cars, its largest ever, mainly in its Lexus brand
Toyota Motor Corp said it was recalling more than 1.7 million vehicles worldwide, the latest in a string of recalls that have ballooned to nearly 16 million since late 2009, further denting the automaker's reputation for quality.
Toyota Motor Corp said on Wednesday it would recall about 1.2 million units of the Noah minivan and other models in Japan as well as about 140,000 Avensis models overseas to fix faulty fuel pipes and high-pressure fuel pumps.
World's No.1 automaker Toyota Motor Corp. has agreed to pay $10 million to a family of four people who were killed in a runaway Lexus crash near San Diego last year that prompted a string of recalls of millions of Toyota vehicles.
Despite a series of high-profile recalls and safety issues, Japanese auto major Toyota Motors still managed to beat General Motors in total unit sales and remain the largest car manufacturer in the planet.
General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.
Toyota Motor Corp <7203.T> kept its spot at the top of the global sales ranking in 2010, outselling General Motors Co by less than 30,000 units as the U.S. rival achieved faster growth in the world's two biggest markets.
Looks like one company has had enough of the rare earth shortages.
Auto industry executives are expected to see a rise in investment in new powertrain technology, new plants, alternative fuel technologies and high growth markets, merger and acquisition activity over the next five years, according to the 12th annual global automotive survey conducted by KPMG LLP.
China's vice-like grip on world rare earths supply is forcing next generation carmakers to look for alternative technologies that don’t rely on these metals. At the forefront of such efforts is world's largest carmaker Toyota, according to ETF Database.
Toyota Motors Corp is developing new type of electric motor which does not require rare earth metals to cut its dependence on rare earth metals and lower costs.
Ford has topped the list of search queries in the entire automotive brand category in the U.S. over the last 30 days, followed by BMW, Audi and Nissan, according to a report by Google's North American auto team.
