ADDISON, Texas (August 5, 2014) – Toyota, Diversity in Promotions (DIP) and the Dallas–Ft. Worth Minority Supplier Diversity Council (DFW MSDC) are pleased to announce Toyota’s Supplier Diversity Exchange Event, Aug. 13, in Plano, Texas.
Filed under: Sedan , SUV , Truck , Recalls , Safety , Hatchback , Toyota Was your Toyota inspected under the company’s recall campaign for faulty airbag inflators last year? You might have another trip ahead to have it repaired again. The automotive giant says that it found “the involved serial numbers provided by the supplier were incomplete, and did not include all of the potentially involved inflators,” according to its official announcement. That means more replacements are needed. Toyota’s April 2013 inflator recall covered the Corolla , Matrix and Tundra from the 2003 and 2004 model years, the Sequoia from 2002 to 2004 and the Lexus SC 430 from 2002 to 2004. At the time, the company said it would need to inspect about 510,000 vehicles in the US but only expected to replace around 170,000 inflators. However, the latest announcement increases that figure to about 766,300 vehicles in the US. Toyota spokesperson Cindy Knight told Autoblog that the new amount is the combination of owners who need to have their vehicle looked at again and those who didn’t come in for the initial recall. The company learned about the problem when Takata, the supplier, provided it with an improved list of the faulty part’s serial numbers. According to The Detroit News , the latest recall affects about 2.27 million vehicles from them worldwide .
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 Honored By National Minority Supplier Development Council For Its Commitment With Diverse Suppliers
ERLANGER, Ky., November 4, 2011 – Toyota has been named the Corporation of the Year by the National Minority Supplier Development Council (NMSDC) for its continued commitment to minority suppliers and diverse communities.
Filed under: Plants/Manufacturing , Chrysler , Ford , GM , Honda , Toyota When it comes to manufacturing and selling a complicated product like an automobile, a company’s relationship with its suppliers is of huge importance. A good working partnership can translate into higher levels of reliability and lower cost as well as early access to cutting-edge tech. According to a new study conducted by Detroit-based consulting firm Planning Perspectives, Toyota has one of the best relationships with its suppliers among all of the world’s automakers. The Detroit Bureau reports that this is the first time in three years that the Japanese automaker has held the top slot. Honda came in just behind Toyota in the study, but Ford , General Motors and Chrysler have made serious strides toward improving their supplier relationship. In the past, the domestic automakers have continuously pressed their suppliers to produce parts with a lower price tag, which generated conflict. That seems to be changing, however. The Planning Perspectives study says that Ford may even overtake Honda and Toyota in coming years. Meanwhile, Japanese automakers have seen their supplier relationships degrade over repeated recalls and other quality issues. Toyota still tops in supplier relations, but only just originally appeared on Autoblog on Mon, 23 May 2011 16:01:00 EST.