Toyota reclaims global sales crown, GM and VW not far behind

Toyota reclaims global sales crown, GM and VW not far behind

January 29, 2013 by · Leave a Comment 

Filed under: Car Buying , Toyota TheDetroitBureau.com reports Toyota has retaken the global sales crown. The Japanese automaker turned out 9.75 million vehicles last year, putting it just ahead of General Motors , with 9.29 million vehicles. Volkswagen , meanwhile, filled out the podium by building 9.1 million units in 2012. Still, Toyota numbers fell just below projections the automaker made earlier in the year, due largely to a fierce territorial dispute between Japan and China that has seen mainland buyers shun Japanese goods. But the news marks a substantial comeback for Toyota. The company fell to third place in the global production race in 2011 after tragic earthquake and tsunami caused several plant closures. In Japan, Toyota enjoyed a sales increase of 35 percent over the previous year, while the company’s worldwide sales jumped by 23 percent thanks in part to new additions to the Prius line. The automaker is forecasting yet another increase for 2013, with the company projecting to reach 9.91 million units this year. Neither Volkswagen nor GM have released their own projections just yet. Toyota reclaims global sales crown, GM and VW not far behind originally appeared on Autoblog on Mon, 28 Jan 2013 10:15:00 EST.

Toyota, Nissan, Honda to assist in $2.55B bailout of chipmaker Renesas with Japanese gov.

Toyota, Nissan, Honda to assist in $2.55B bailout of chipmaker Renesas with Japanese gov.

October 16, 2012 by · Leave a Comment 

Filed under: Japan , Plants/Manufacturing , Honda , Nissan , Toyota , Earnings/Financials According to a Reuters report, the Japanese government and several of the country’s largest manufacturers are joining forces to rescue troubled electronics manufacturer Renesas Electronics. Toyota , Nissan , Honda , Panasonic , Canon and Denso are set to contribute a combined $637.9 million to a $2.55 billion deal that will see the group gain control of the company. Robert Bosch GmbH is also considering investing in the electronics manufacturer. Why are so many varied corporations interested in Renesas’ future? The company is the world’s leading supplier of microcontroller chips. Even so, the strengthening yen and heavy competition from South Korea’s Samsung Electronics Company has seen Renesas suffer through five years of financial losses. As a result, the company has laid off 12 percent of its workers and currently has plans to either sell or consolidate more than half of its domestic manufacturing facilities. Toyota, Nissan, Honda to assist in $2.55B bailout of chipmaker Renesas with Japanese gov. originally appeared on Autoblog on Mon, 15 Oct 2012 09:59:00 EST. Please see our terms for use of feeds .

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