Toyota Motor Sales, U.S.A., Inc., Senior Vice President of Automotive Operations Bob Carter speaks at the
TORRANCE, Calif., April 9, 2014 – Toyota Motor Sales, U.S.A., Inc. today announced that it will conduct a safety recall involving approximately 472,500 vehicles consisting of certain Model Year 2006-2010 Yaris Hatchback vehicles (approximately 158,000); certain Model Year 2007-2010 Yaris Sedan vehicles (approximately 250,500); and certain Model Year 2008-2010 Scion xD vehicles (approximately 64,000).
How do you turn manufacturing sludge into a sustainable building material? Toyota Motor Manufacturing, Indiana (TMMI) offers a “concrete” example.
Filed under: Toyota , UAW/Unions , Canada Volkswagen isn’t the only automaker with high-profile unionization efforts afoot at one of its North American factories. Unifor, Canada’s largest private-sector union, is attempting to organize Toyota’s factories in Ontario, reports Reuters . A vote was originally set for next week, but Unifor has apparently found more workers eligible to vote, delaying the proceedings. It hasn’t rescheduled the ballot yet, but claims there are 7,500 employees with the right to vote, with over 3,000 having already signed union cards. Toyota is pushing against organizing, saying that workers already have a payment and benefits near the top of the industry, and noting that it has never laid off a permanent employee in Canada. Unifor has reportedly countered by saying that about a quarter of the workforce is operating under a temporary contract, which receives lower benefits. The automaker has three factories in Ontario – two in Cambridge and one in Woodstock. To form a union, a majority of eligible employees must vote to join Unifor. If successful, they would be the first wholly owned Toyota plants in North America to be organized. Previous attempts to unionize the Japanese automaker’s Canadian factories in 2001 and 2008 failed due to lack of support.
TORRANCE, Calif. (March 25, 2014)
TORRANCE, Calif., March 27, 2014 – Toyota Motor Sales, U.S.A., Inc. today announced that it will conduct a voluntary safety recall of approximately 119,000 MY 2003-2004 Avalon sedans.
Filed under: Government/Legal , Recalls , Safety , Toyota , Earnings/Financials UPDATE: Just like that, Toyota has released an official statement confirming its $1.2-billion dollar settlement with the US Attorney’s Office. Our story has been updated to reflect this development and the automaker’s official statement has been added below . Toyota has reached a settlement over the criminal probe into its unintended acceleration problems, and the outcome is more expensive than first expected. The Japanese automaker has agreed to pay $1.2 billion to close the investigation among other settlement terms. The criminal inquiry focused on whether the company kept information from regulators and how it handled drivers’ complaints about the problems, according to the sources. Between 2009 and 2010, Toyota ended up recalling over 10 million vehicles worldwide over sudden acceleration fears. Fixes include modifying floor mats, gas pedals, and installing brake override software on affected models. In addition, Toyota made the latter standard on all of its new vehicles. The first rumblings of a settlement broke last month when “people familiar with the matter” revealed a possible billion-dollar agreement . That rumor suggested that the deal would also include criminal deferred prosecution arrangement that would force Toyota to accept responsibility but let it avoid federal criminal convictions.
FRANKFORT, Ky. – (March 18, 2014) – Kentucky’s place in the history books is often held by men: Abraham Lincoln, Daniel Boone, Henry Clay and Muhammad Ali, to name a few.
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.