Toyota Motor Sales Issues September 2013 Sales Preview

October 3, 2013 by · Leave a Comment 

TORRANCE, Calif. (Oct. 1, 2013) – Toyota Motor Sales (TMS), U.S.A., Inc., today reported September 2013 sales results of 164,457 units, an increase of 4 percent over September 2012 on a daily selling rate (DSR) basis.

DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal

DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal

September 28, 2013 by · Leave a Comment 

Filed under: Government/Legal , Japan , Plants/Manufacturing , Chrysler , Ford , GM , Toyota Nine Japanese suppliers have pleaded guilty in US court over charges of price fixing in the automotive parts industry, resulting in the Department of Justice doling out a total of $740 million of fines, according to a report from Bloomberg . The scandal, which has resulted in General Motors , Ford , Toyota and Chrysler spending up to $5 billion on inflated parts and driving up prices on 25 million vehicles has sent the DoJ hustling into investigations. “The conduct this investigation uncovered involved more than a dozen separate conspiracies aimed at the U.S. economy,” Attorney General Eric Holder (pictured above) said during yesterday’s press conference. As the investigation stands, the DoJ has issued $1.6 billion in fines against 20 companies and 21 individual executives, with 17 of the execs headed to prison. Deputy Assistant Attorney General Scott Hammond said, “The breadth of the conspiracies brought to light today are as egregious as they are pervasive. They involve more than a dozen separate conspiracies operating independently but all sharing in common that they targeted US automotive manufacturers.” Big-name suppliers indicted in the investigation include Mitsubishi Electric, Mitsubishi Heavy Industries, Hitachi Automotive and Mitsuba Corporation. A list of fines and other corporations named in the investigation is available at Bloomberg . DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal originally appeared on Autoblog on Fri, 27 Sep 2013 18:31:00 EST. Please see our terms for use of feeds .

Toyota donates engineers, not money, to country’s largest anti-hunger charity

Toyota donates engineers, not money, to country’s largest anti-hunger charity

August 2, 2013 by · Leave a Comment 

Filed under: Etc. , Toyota Key to production of any kind is efficiency – the ability to achieve maximum productivity with minimal effort or waste. Toyota has become a master of efficiency, with streamlined manufacturing operations around the world. In fact, the Japanese brand has become so well known for efficient operations that it now offers consulting services for organizations and companies outside the auto industry. It also offers the same consulting for non-profits, free of charge. The New York Times took an in-depth look at the transformative impact that Toyota’s engineers had on the city’s charities, including The Food Bank , the country’s largest anti-hunger charity. The auto manufacturer helped revolutionize the way these organizations served the community, showing that there’s more to corporate philanthropy than just donating money. Head on over to the Times ‘ website and give the story a read. Toyota donates engineers, not money, to country’s largest anti-hunger charity originally appeared on Autoblog on Thu, 01 Aug 2013 17:45:00 EST. Please see our terms for use of feeds .

Toyota donates engineers, not money, to country’s largest anti-hunger charity

Toyota donates engineers, not money, to country’s largest anti-hunger charity

August 2, 2013 by · Leave a Comment 

Filed under: Etc. , Toyota Key to production of any kind is efficiency – the ability to achieve maximum productivity with minimal effort or waste. Toyota has become a master of efficiency, with streamlined manufacturing operations around the world. In fact, the Japanese brand has become so well known for efficient operations that it now offers consulting services for organizations and companies outside the auto industry. It also offers the same consulting for non-profits, free of charge. The New York Times took an in-depth look at the transformative impact that Toyota’s engineers had on the city’s charities, including The Food Bank , the country’s largest anti-hunger charity. The auto manufacturer helped revolutionize the way these organizations served the community, showing that there’s more to corporate philanthropy than just donating money. Head on over to the Times ‘ website and give the story a read. Toyota donates engineers, not money, to country’s largest anti-hunger charity originally appeared on Autoblog on Thu, 01 Aug 2013 17:45:00 EST. Please see our terms for use of feeds .

Toyota passes BMW as most valuable car brand

Toyota passes BMW as most valuable car brand

May 21, 2013 by · Leave a Comment 

Filed under: BMW , Toyota , Earnings/Financials An annual market study of the strongest brands across various industries has seen Toyota leapfrog BMW as the world’s most valuable automotive brand. Toyota’s 2013 brand value rose to $24.5 billion, up 12 percent versus 2012 numbers according to market research company Millward Brown’s BrandZ Top 100 Most Valuable Global Brands list. BMW’s value fell slightly; down by 2 percent to a total of $24 billion. Mercedes-Benz finished in third place in the automotive category, up 11 percent from 2012 for a valuation of $18 billion. Honda ($12.4 billion, down 2 percent) and Nissan ($10.2 billion, up 3 percent) rounded out the top five for the category. Volkswagen was the only other auto brand that finished in the top 100 overall, in 100th place. Audi made the greatest percentage gain over 2012, up 18 percent to $5.5 billion, but finished outside of the top 100. Technology companies dominated the overall list, with Apple , Google and IBM ranking one through three. Couture brand Prada was 2013′s biggest gainer, rising by 63 percent over 2012. Toyota passes BMW as most valuable car brand originally appeared on Autoblog on Tue, 21 May 2013 15:33:00 EST.

All-New 2013 Toyota RAV4 SUV Scores Early Sales Surge Thanks to New Styling and In-Cabin Technologies

May 6, 2013 by · Leave a Comment 

TORRANCE, Calif., May 6, 2013 – The arrival of the new 2013 next-generation Toyota RAV4 SUV has led to a sales surge for the original crossover SUV that began what is now the fastest growing segment in the auto industry.

J.D. Power NADA Western Automotive Conference – Jim Lentz

November 28, 2012 by · Leave a Comment 

Toyota Motor Sales President and CEO Jim Lentz speaks about the future of the auto industry at J.D. Power NADA Western Automotive Conference in Los Angeles on Nov. 27, 2012.

Is Toyota unstoppable?

Is Toyota unstoppable?

October 25, 2012 by · Leave a Comment 

Filed under: Toyota Big T Is Back Despite Recalls, Earthquakes And Politics Can anything slow Toyota down? Only a couple of years ago, the Japanese giant seemed as vulnerable as a sumo wrestler with vertigo as it struggled to explain away a series of safety and quality snafus that forced it to recall an unprecedented 14 million vehicles worldwide. Then, just it was getting back on its feet, the maker was body-slammed by the March 2011 earthquake and tsunami that all but shut down the Japanese auto industry , leaving the industry giant struggling under severe inventory shortages for the rest of the year. Only a couple of years ago, the Japanese giant seemed as vulnerable as a sumo wrestler with vertigo. Yet, just like that sumo wrestler, Toyota has repeatedly shaken off the hardest hits. Despite somewhat mixed reviews , its Camry has continued to dominate the midsize passenger car segment – helping Toyota drive sales gains that have, in recent months, run triple the pace of the overall US automotive recovery. In fact, Toyota’s loyalty rate is once again setting the industry benchmark, according to a new study by Experian Automotive , something that suggests the recent sales surge is more than just pent-up demand as buyers catch up after the shortages of 2011. So, what to make of the unexpected move by Standard & Poors, the influential financial ratings agency, which this month downgraded the maker’s stock from a “Hold” to “Buy” rating? Now, to be sure, this was no panic move. S&P didn’t tell investors to dump Toyota and race somewhere else with their money.

Cadillac, Lexus, Toyota tie for lead in customer satisfaction index

Cadillac, Lexus, Toyota tie for lead in customer satisfaction index

August 18, 2011 by · Leave a Comment 

Filed under: Etc. , Cadillac , Lexus , Toyota The American Customer Satisfaction Index has released the results of its annual investigation into the automotive industry, and the biggest winners hail from Japan. Although Cadillac is tied with Lexus and Toyota atop the standings with an overall score of 87, just one short year ago the top few automakers – with Buick and Lincoln at the tippy top – hailed from the United States. According to ACSI, it seems Toyota’s fall from grace in the minds of consumers was just a small blip in a long history of customer satisfaction. Lincoln dropped a few points to join Mercedes-Benz with a score of 86, while Buick and Honda both earned 85. Next on the list is a three-way tie at 84 from Ford , Nissan and Volkswagen . Chrysler was the poorest performing automaker in the report, eking out a meager score of 76. Overall, the auto industry itself scored 83 points, which is higher than the average for all durable goods on the index. For all the details from ACSI, check out the press release after the break . Continue reading Cadillac, Lexus, Toyota tie for lead in customer satisfaction index Cadillac, Lexus, Toyota tie for lead in customer satisfaction index originally appeared on Autoblog on Wed, 17 Aug 2011 14:01:00 EST.

« Previous Page

Tweeter button Facebook button Youtube button