Filed under: Japan , Toyota , Earnings/Financials Automotive News reports Toyota saw a sizable jump in third-quarter North American sales and has adjusted its global forecast accordingly. All told, the Japanese automaker sold 598,000 units in North America during the last quarter, marking an increase of 45 percent over the same time period last year. As a result, operating profit in the region also increased to $807.1 million, though Toyota also credits much of that figure to additional output. The company stepped up North American production by 42 percent in the third quarter. Last year at this time, the automaker was still reeling from the earthquake and tsunami disasters that struck Japan that March, and with its supply lines crippled, Toyota was forced to cut back production. Like other Japanese automakers, Toyota has seen its sales in China plummet. Sales in the region fell off by some 49 percent in September compared to the same month a year prior due to anti-Japanese protests in the country. Toyota sales surge by 45% in Q3, global forecast raised originally appeared on Autoblog on Mon, 05 Nov 2012 13:59:00 EST. Please see our terms for use of feeds . Permalink
ANN ARBOR, Mich., (Oct. 24, 2012) – Toyota Technical Center (TTC), a division of Toyota Motor Engineering and Manufacturing North America, Inc., will celebrate its 35th Anniversary with team members and executives this week at locations in Michigan, Arizona and California.
Filed under: Car Buying , Europe , Japan , Toyota Toyota has pushed ahead of General Motors and Volkswagen as the world’s largest automaker in the first half of 2012. According to a new Bloomberg report, the 4.9 million units sold by the Japanese automaker in the first six months of 2012 represents an impressive 34-percent jump. Toyota’s sales beat out GM by 300,000 units and VW by 520,000. Still, The General’s sales were up 2.9 percent to 4.67 million vehicles sold, while Volkswagen moved 4.45 units, an 8.9 percent increase. While Toyota has enjoyed success in its top markets, North America and Japan, GM and VW have struggled with the economic crisis in Europe. The Japanese automaker was able to accomplish this even in the wake of the disastrous tsunami in its home market and flooding that occurred in Thailand. According to IHS Automotive market analyst Rebecca Lindland, the strong start may be followed by a downturn in momentum: “they are still restocking dealerships, pulling in consumers who may have waited… but that positive impact will trail off as the year progresses.” Toyota previously took the top spot as the largest global automaker from GM back in 2008 amidst the American financial crisis, but General Motors reclaimed that title in the wake of Japan’s natural disasters. Toyota sales rebound to reclaim spot as world’s largest automaker originally appeared on Autoblog on Fri, 27 Jul 2012 18:31:00 EST. Please see our terms for use of feeds .
Eight Toyota Manufacturing Facilities Recognized by the U.S. Environmental Protection Agency for Improved Environmental Performance
ERLANGER, Ky. (July 25, 2012) –
Filed under: Budget , Sedan , Europe , Japan , Plants/Manufacturing , Hatchback , Toyota Toyota has already made it abundantly clear the company intends to scale back production in Japan in an attempt to combat the ever-strengthening Yen, and now it looks as if we know one of the ways the automaker plans to do so. Toyota has announced it will manufacture U.S. and Canadian-spec Yaris models in its Onnaing-Valenciennes facility in France . The plant has been producing the Yaris hatchback for European buyers since 2001, though this marks the first time in Toyota history that the automaker has built a vehicle in Europe and imported the model to the States. North American-spec Yaris models differ slightly from their European counterparts. In addition to using different fascia designs front and rear, the NA model comes available with an automatic transmission and a market-specific 1.5-liter four-cylinder engine. There is some differentiation in safety equipment between the two models as well. Japanese automakers have recently revealed that building cars in Japan and exporting them around the globe is quickly becoming a money-losing proposition. Honda has made it clear the company is seeking alternatives to producing models like the Fit and CR-Z in Japan due to the high costs associated with exporting the vehicles. Toyota to build Yaris in France for North America originally appeared on Autoblog on Mon, 25 Jun 2012 17:45:00 EST.
Toyota Motor Corporation Outperforms Industry in the J.D. Power and Associates 2012 Initial Quality Study
TORRANCE, Calif., June 20, 2012 – Toyota and Lexus vehicles captured five segment awards and five Toyota manufacturing facilities in Japan and North America won plant awards, including one Gold, in the 2012 Initial Quality Study (IQS), more than any other automaker in both categories.
NEW YORK, N.Y. , (June 14, 2012) – Toyota today announced that Julie A. Hamp will join the company as chief communications officer for North America, effective June 25. In this role, Hamp will have primary responsibility for coordinating Toyota’s public relations efforts in the region…
Toyota Motorsport GmbH (TMG) will demonstrate its high-performance electric powertrain technology on one of North America’s most demanding motorsport events; the Pikes Peak International Hill Climb in Colorado on 8 July.
Filed under: Toyota , Earnings/Financials Things are good again at Toyota , which reported a $1.5 billion profit for the quarter, wrapping up a fiscal year in which it made just $3.5 billion, according to Business Week . While Toyota saw sales growth in Europe, Africa, and its home market, North America was a weak point. Sales revenue for the fiscal year totaled $232 billion, down two percent, according to the report. Though the company still beat its forecast of $2.5 billion, the real excitement surrounds its projections for the next 12 months. As predicted by analysts , Toyota says it expects to make $9.5 billion in the year that extends through March of next year, showing that the automaker has fully recovered from the effects of last year’s tsunami , according to the report. Toyota releases financial results, predicts profits will double in 2012 originally appeared on Autoblog on Wed, 09 May 2012 18:30:00 EST. Please see our terms for use of feeds . Permalink
ANN ARBOR, Mich. (April 5, 2012) – Toyota Technical Center (TTC), a division of Toyota Motor Engineering & Manufacturing, North America, Inc., (TEMA), announced today that the company will hire approximately 150 engineers, technicians, advanced researchers and scientists by the end of 2012.