Toyota raises Japanese base wages for first time since 2008

Toyota raises Japanese base wages for first time since 2008

March 14, 2014 by · Leave a Comment 

Filed under: Japan , Plants/Manufacturing , Toyota , Earnings/Financials Toyota is on track for record profits, and in return, its Japanese workers are receiving their first increase in base wages since 2008, plus higher pay based on seniority and a larger bonus for 2014. The Japanese automaker predicts the average laborer will net a 2.9 percent income gain. The average Toyota employee will earn 2,700 yen ($26.28) more each month, a 0.8 percent increase from last year. Workers will also receive about 7,300 yen ($71.09) more monthly based on seniority and promotions. Finally, the company’s union pushed through a median bonus of 2.44 million yen ($23,768) for 2014, the highest in 6 years. The pay boost comes as Toyota forecasts a record 1.9-trillion yen ($18.5 billion) profit for the fiscal year ending on March 31, according to Bloomberg . It has been helped by the Japanese government’s efforts to weaken the yen on international markets and expand inflation. Prime Minister Shinzo Abe has been asking businesses to increase compensation to end years of deflation and offset upcoming higher sales taxes. Honda and Nissan have also raised their wages there in recent months. Toyota raises Japanese base wages for first time since 2008 originally appeared on Autoblog on Fri, 14 Mar 2014 11:29:00 EST.

Toyota Motor Sales Issues February 2014 Sales Preview

March 7, 2014 by · Leave a Comment 

TORRANCE, Calif. (March 3, 2014)

Retail Customers Propel Toyota’s February 2014 Sales

March 6, 2014 by · Leave a Comment 

TORRANCE, Calif. (March 3, 2014)

Toyota Motor Sales Issues January 2014 Sales Preview

February 17, 2014 by · Leave a Comment 

TORRANCE, Calif. (Feb. 3, 2014)

Toyota Motor Sales’ Lexus Brand Most Dependable For Third-Consecutive Year

February 16, 2014 by · Leave a Comment 

TORRANCE, Calif., Feb. 12, 2014 – Lexus scored a hat trick by ranking highest in vehicle dependability among all nameplates for a third consecutive year in the 2014 J.D. Power and Associates Vehicle Dependability Study (VDS).

Toyota Announces Voluntary Recall of Certain Toyota Prius, RAV4, Tacoma and Lexus RX 350 Vehicles

February 12, 2014 by · Leave a Comment 

TORRANCE, Calif., February 12, 2014 – Toyota Motor Sales, U.S.A., Inc., today announced that it is advising the National Highway Traffic Safety Administration (NHTSA) of plans to conduct voluntary safety recalls of approximately 700,000 Model Year 2010-2014 Prius vehicles and, combined, approximately 260,000 Model Year 2012 Toyota RAV4, 2012-2013 Toyota Tacoma, and 2012-2013 Lexus RX 350 vehicles sold in the United States to address two separate issues.

Toyota Motor Sales is No. 1 Retail Manufacturer in January 2014

February 11, 2014 by · Leave a Comment 

TORRANCE, Calif. (Feb. 3, 2014)

Toyota Becomes First Founding Partner of Historic DAYTONA Rising Project at Daytona International Speedway

February 6, 2014 by · Leave a Comment 

CHICAGO and DAYTONA BEACH (Feb. 6, 2014) – International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”) today announced a groundbreaking, multi-year partnership with Toyota Motor Sales (TMS) U.S.A., Inc. that will make Toyota the first Founding Partner at Daytona International Speedway as part of its unprecedented $400 million DAYTONA Rising redevelopment project.

Toyota is world’s top-selling automaker for second year in a row

Toyota is world’s top-selling automaker for second year in a row

January 26, 2014 by · Leave a Comment 

Filed under: GM , Toyota , Volkswagen , Earnings/Financials Toyota is the top-selling automaker in the world. Again. Still. With total reported sales, including those from subsidiaries, of 9.98 million in 2013, Toyota’s performance was enough to outpace rival General Motors by around 270,000 vehicles. That’s a 2.4-percent gain over 2012, and it makes Toyota the top-seller two years in a row. Still, the gap between the top three is shrinking – Toyota held a 460,000-unit lead in 2012. GM sold 9.71 million vehicles last year, a four-percent increase, coming in second place ahead of Volkswagen , which sold around 9.5 million. According to Bloomberg , Toyota CEO Akio Toyoda said his company managed to win the sales race while also remaining more profitable than GM or VW. It’s going to be another interesting year in 2014 as the three behemoth automakers vie for the title of World’s Largest. Toyota has predicted that it will increase sales in 2014 to 10.32 million – which would make Toyota the first automaker ever to surpass 10 million global sales – though General Motors and VW are expected to again fight for the lead in the massive Chinese market.

‘Toyota Car of the Future’ On Sale Next Year; Opens 2014 Consumer Electronics Show (CES)

January 6, 2014 by · Leave a Comment 

LAS VEGAS (Jan. 06, 2014) – “We aren’t trying to re-invent the wheel;

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