Akio Toyoda tops the list of 25 most powerful people in the business world.
The Rs. 3,200-crore (Rs. 320-billion) plant with capacity to produce 70,000 cars annually was to be inaugurated in Bidadi near Bangalore on March 15.
Toyota's global image took a beating when over eight million Toyota vehicles were recalled worldwide to fix faulty accelerator pedals and brakes.
Toyota Kirloskar Motor will, over the next 45 days, open around 30 dealerships for a smooth roll out of its much publicised compact car, the Etios, as well as the Etios sedan.
Toyota will be hiring as many as 1,600 contract employees in the coming months, indicating that the auto sector is slowly recovering.
The amount sought by the National Highway Traffic Safety Administration would be the 'largest civil penalty ever assessed' against an auto maker by the auto safety agency, according to the US department of transportation.
Bangalore-based Toyota Kirloskar Motor Pvt Ltd, a joint venture between Kirloskar Group and Toyota Motor Corporation, has decided to introduce the newly-developed sedan on the Etios platform, ahead of its much-awaited small car.
Toyota Motor withdrew from Formula One on Wednesday, leaving Japan without a team in motorsport's premier series. Company president Akio Toyoda apologised for the team's failure to record a single race victory since joining F1 in 2002 despite an estimated annual budget of around $300 million.
So far the company has got orders for 54 units of Prius from customers in India.
Toyota Motor Corporation unveiled the much-awaited small car that it developed for the Indian market at the Delhi Auto Expo.
TKM is also showcasing its Toyota Prius hybrid car in the biennial event in the national capital and is looking for its launch in the Indian market.
Toyota has asked 3.8 million vehicle owners of seven popular models to remove the floor mat of their car that could jam the accelerator pedal and cause a crash.
The auto maker, which is recalling more than a million vehicles in different parts of the world, had a loss of 164.7 billion yen in the same period a year ago. In the third quarter of fiscal year 2010, consolidated vehicle sales jumped 227,000 units, Toyota said on Thursday.
Power window switch can catch fire.
The $14-billion bailout package for the troubled United States auto industry has collapsed in the Senate amid dispute over the wages paid to workers of the troubled manufacturing giants, according to a media report.
Toyota is launching a compact car by the end of next year from its new production facility close to its existing plant in Bangalore.
Prius is the highest selling hybrid model of TMC with a cumulative global sale of over 1.4 million units since 2000.
Toyota Motor Corporation President Katsuaki Watanabe called on Prime Minister Manmohan Singh on Monday, even as the company continues to hold close to the chest cards regarding plans of its second manufacturing unit in India. Official sources said Watanabe, who led a delegation including TMC Managing Director Akira Okabe, briefed Singh generally about the company.
Billionaire Mukesh Ambani-led Reliance Industries has made it to the annual list of the world's 100 most respected companies compiled by the Wall Street Journal, topped by US-based healthcare products major Johnson & Johnson.
Japan's top automaker Toyota on Monday said it faced an "unprecedented" operating loss of $1.69 billion for fiscal 2008, the first such loss in the company's history, due to dwindling global auto sales and a surging yen.
Toyota Kirloskar Motor -- a joint venture with the Kirloskar Group -- is the Indian arm of Toyota Motor Corporation. TKM had announced an investment of nearly Rs 1,400 crore (Rs 14 billion) for its second unit at Bidadi near here, for which a foundation stone was laid in July this year.
Toyota is being cautious with the technology, but GM is full-speed-ahead for a 2010 launch of its Volt. To the victor will go the spoils.
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
The company has capacity to manufacture 310,000 units annually.
Toyota Chairman Okuda Hiroshi said Indian and Thai companies were the strongest contenders for the Deming Prize, somewhat akin to the Oscars in manufacturing quality
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.
Suzuki will produce EVs for the Indian market and will supply some of them to Toyota, which will provide technical support.
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.
The recall includes 1.3 million vehicles in North America announced earlier in the day by Toyota's US unit.
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.
Japanese car major Toyota Motor Corp is reported to be planning an investment of $330 to 420 million (about Rs 1,890 crore) for setting up a small car plant near its existing facility in Bangalore.
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.
Japan's biggest carmaker Toyota Motor Corp is considering an investment of Rs 1,500 crore
Toyota said modules in the power window master switch may have been lubricated inconsistently during the manufacturing process.
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