Germany's Timo Glock will race for the Toyota Formula One team next season, replacing compatriot Ralf Schumacher. Cologne-based Toyota said in a statement on Monday that the 25-year-old had signed a multi-year deal. He will partner Italian Jarno Trulli.
Japan's biggest carmaker Toyota Motor Corp is considering an investment of Rs 1,500 crore
Betting big on its yet to be launched compact car Etios,the world's largest carmaker Toyota on Wednesday said it expects more than half of its overall sales in India during the next year to come from the new model.
The ride quality of the Cross is best-in-class but it scores low when it comes to handling.
Consumers should be given freedom to make a logical choice, and manufacturers enough leeway so that they can produce what the consumer wants.
Brand Toyota may have taken some beating after the Japanese carmaker had to recall millions of vehiles in the US, but in India the company sees no impact and is eyeing a strong growth.
Toyota Motor Corp is likely to have retained its position as the world's best-selling carmaker for the first nine months of the year, beating rivals General Motors Co and Volkswagen AG, company figures showed on Monday.
Auto major Toyota Motors on Tuesday said it is studying the Indian market to launch its eco-friendly car 'Prius', but felt the current duty structure on completely built units CBUs would double the price of the vehicle.
Both the diesel variants will be powered by a 1.4-litre engine.
Formula One stewards cleared Brawn GP, Toyota and Williams to race in the season-opening Australian Grand Prix after rejecting the protests of three rival teams on Thursday. After six hours of deliberation at the Albert Park circuit, the governing International Automobile Federation (FIA) said the officials had dismissed protests by Red Bull, Renault and champions Ferrari.
Toyota Kirloskar Motors, makers of Innova, has targeted to sell 4000 units per month in 2007, a senior company official said on Monday.
Italian Jarno Trulli seized pole position for the Bahrain Grand Prix on Saturday with Toyota team mate Timo Glock qualifying in second place for the team's first front row sweep. Red Bull's young German Sebastian Vettel, winner in the wet in China last weekend, will start Sunday's race in third place with championship leader Jenson Button alongside in his Mercedes-powered Brawn GP.
Toyota unions may challenge the management on the legality of the bonds.
It seems like after Tata Nano, Maruti Cervo and Bajaj-Renault-Nissan's ultra-low-cost car plans it's Toyota's turn to bring out a product for the entry level segment.
The US on Tuesday slapped a record 17.35 million fine on the world's biggest automaker, Toyota Motor Corporation, for "failing" to report safety defects to regulators within five days as required by federal law.
Britain's Sun newspaper reported that Ralf was on the verge of signing a five-year deal with the Japanese manufacturer.
The Japanese multinational automaker's Lexus cars will be sold in India through an exclusive network of dealerships by 2013, executive vice-president Yukitoshi Funo said on Monday.
Toyota Kirloskar, as part of its expansion plans to set up a small and compact car manufacturing unit, would invest about Rs 3,200 crore (Rs 32 billion), creating 2,000 jobs, home minister V S Acharya told reporters after a Cabinet briefing.
The auto maker had a profit of 353.65 billion yen in the same period a year ago, Toyota said in a statement. Total net revenues declined to 3,836 billion yen for the first quarter of the current fiscal (2009-10) as against 6,215.13 billion yen in the corresponding period a year ago.
The world's largest carmaker, Toyota on Wednesday said it will bring its sports utility vehicle Fortuner in India by September this year, expected to be priced at about Rs 20 lakh.
Toyota Kirloskar Motors plans to sell 45,000 units of its newly launched passenger car 'Innova' in 2005, with 4500 units in the first month itself.
Camry is the highest grossing vehicle from the Toyota clan in the global market.
Japanese auto major Toyota on Wednesday said it could launch a small car in India within two years and its second plant may come up at the existing location in Bangalore.
The new Innova is more expensive than the old one, with the top-end model costing over Rs 20 lakh
Toyota Motor Corporation, one of the world's biggest automakers, on Thursday set the ball rolling for a compact car for the Indian market by laying the foundation stone for a Rs 1,400-crore (Rs 14 billion) factory near Bangalore.
The heart breaking Japanese catastrophe and huge booking orders of Etios saloon being the respective reasons.
Launch of Etios Cross, upgraded Corolla likely to see delay of at least 2 months.
The first investigation completed on Monday resulted in a $16.375 million fine over Toyota's recall of nearly five million vehicles with accelerator pedals that could become entrapped by floor mats.
Japanese auto major Toyota will hike prices of its vehicles across all models in India by up to 3 per cent from January to offset rising input costs.
22 million vehicles recalled in 2013: US safety agency
Carmakers, including Toyota, Honda, Nissan Motor Co and BMW, in 2013 recalled 3.6 million vehicles because of problems with the airbag inflator that could potentially explode and injure the driver or passengers.
With 25 per cent sales growth in the multi-utility vehicle segment, other car makers rushing in, too.
Japanese auto major Toyota Motor Corp will invest $ 350 million (about Rs 1,400 crore) for setting up a second plant in India as part of its plans to introduce a strategic small car in the country by 2010. The new plant will have a production capacity of 1 lakh units and will become operational by 2010. The new small car, which will have high localisation level, is primarily aimed at the Indian market. Toyota will also be investing further in the plant on support facilities.
Boardroom shuffle in Toyota may lead Takeshi Uchiyamada to become chirman, speculate executives.
Speaking to reporters after flagging off Etios exports to South Africa for the first time, Sandeep Singh, deputy managing director (marketing), said so far the Camry had been imported.
The fuel efficiency of the vehicle is 19.16kmpl.
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