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 Recognizes Top North American Suppliers for 2013

March 13, 2014 by · Leave a Comment 

ERLANGER, Ky. (March 12, 2014) – Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) awarded three suppliers with top honors based on their 2013 performance. Johnson Controls, Inc., OTICS USA, Inc. and TAIHO MANUFACTURING OF TENNESSEE, LLC each took home a “Superior” supplier award at TEMA’s annual business meeting, an annual gathering of companies that produce parts and materials for Toyota’s 12 North American models.

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 Motor Sales is No. 1 Retail Manufacturer in January 2014

February 11, 2014 by · Leave a Comment 

TORRANCE, Calif. (Feb. 3, 2014)

Toyota Begins to Export U.S.-Built Highlander SUVs to Australia, New Zealand and Eastern Europe

February 9, 2014 by · Leave a Comment 

CHICAGO (Feb. 6, 2014) – Toyota today announced it has begun to export U.S.- assembled

2014 Midwest Automotive Media Association – Bob Carter

February 8, 2014 by · Leave a Comment 

Toyota Motor Sales, U.S.A., Inc., Senior Vice President of Automotive Operations Bob Carter speaks at the Midwest Automotive Media Association in Chicago, Ill., on Thursday, Feb. 6, 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.

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