Link to the article: Guardian.co.uk
After the most testing year in the company's 73-year history, Toyota executives can perhaps afford to greet the new financial year with guarded optimism after last month's dramatic sales increases in the US and Japan.
The rebound was to be expected after the catastrophic collapse in sales prompted by the global recession, but the firm will be more encouraged by signs that its recent safety recall of more than 8.5m cars has so far failed to deliver the killer blow many had expected.
The world's biggest carmaker saw US sales rise 41% in March from a year earlier, having fallen 16% year-on-year in January and 9% in February.
Toyota attributed its March performance to a series of incentives that gave buyers discounts of up to $2,250 (£1,480) a vehicle last month.
The sweeteners, which included interest-free loans and discount leases, were introduced after the company's disastrous handling of complaints involving defective brakes and accelerators.
Showing posts with label Toyota recalls. Show all posts
Showing posts with label Toyota recalls. Show all posts
Tuesday, 6 April 2010
Friday, 26 March 2010
Toyota warning years before recall
Link to the article: Reuters Video
Mar. 26 - Toyota warned dealers of crash risk in 2007 -- two full years before a recall was issued over floormats which interfered with driving pedals.
Penny Tweedie reports.
Mar. 26 - Toyota warned dealers of crash risk in 2007 -- two full years before a recall was issued over floormats which interfered with driving pedals.
Penny Tweedie reports.
Tuesday, 9 February 2010
Toyota announces worldwide Prius recall
The Toyota Motor Corporation is to recall around 436,000 hybrid cars worldwide, including the 2010 Prius model, because of braking problems.
The move is the third major recall since September. Around 8,500 Prius cars sold in the UK will be affected because of a braking problem.
Part of a worldwide 400,000-vehicle recall the problem affects models that went on sale last year involving the third generation of the hybrid electric-petrol Prius.
There have been about 200 complaints in Japan and the US about a delay when the brakes were pressed in some conditions. Toyota said the problem related to what it described as "inconsistent brake feel" during slow and steady braking on bumpy road surfaces when the anti-lock system is activated.
Apologising to customers, Toyota GB said the recall would consist of a software upgrade in the anti-lock braking system.
The beleaguered company added that there had been no accidents linked to this issue in Europe.
The world’s largest car maker is already under fire for two other recalls covering more than eight million vehicles worldwide, due to problems with slipping floormats and sticky accelerator pedals.
Thursday, 4 February 2010
Toyota car recall to cost $2bn
Link to the article: Channel 4 News
Toyota expects costs and lost sales from its largest ever car recall to total $2bn - but raises its outlook by posting its strongest profit in six quarters.
Toyota has been forced to recall more than 8 million vehicles worldwide following safety fears over defective accelerators.
"Toyota's recall this time is unlike any other in auto industry history," analyst Lee Sung-Jae said.
"The scale is huge to begin with, and this deals a fatal blow to the very core value Toyota represented - that is the quality of its cars."
The world's biggest car manufacturer is currently working to recall up to 1.8 million cars across Europe - including over 180,000 in the UK - in the crisis.
The Japanese company has said the problems are "rare" but is recalling vehicles and writing to the owners to arrange repairs. Millions more are being recalled across the US and Japan.
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