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Toyota Motor may cut its 2008 global vehicle sales target by as much as 350,000 units to about 9.5 million because of declining sales in the United States, Japan and Europe, according to news reports.
It may be the number one question I get from people when they ask about the struggling U.S. automakers: Who would want these guys if they ever go belly up or get sold?
Toyota Motor Corp plans to install solar panels on some Prius hybrids in its next remodelling, responding to growing demand for "green" cars amid record-high oil prices, a source briefed on the matter said on Monday.
Toyota Motor said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult.
Nissan Motor is close to having to raise prices in Japan amid a surge in the cost of raw materials such as steel, Carlos Ghosn, chief executive of Japan's third-largest automaker, said on Wednesday.
Over the last three weeks, I have heard the same thing over and over, often from those who think I'm partial to Toyota. It goes something like this: "You never say when things go wrong for Toyota." Well, for all of you, Toyota Phil has a news flash: Toyota says it will be falling short of its sales goal for the U.S.
China remains the most popular destination for foreign industrial investment in the world, attracting almost $83 billion last year. But a growing number of multinational corporations are pursuing a strategy that companies and analysts call “China plus one,” establishing or expanding Asian bases outside China, particularly in Vietnam.
It's a major achievement Chrysler should rightfully be proud of. But it also highlights the next challenge for them, as well as GM and Ford: closing the "perception gap." First, here's the good news for the Big 3 on assembly plant efficiency.
It's not often that an e-mail makes me stop and say "Hmmmmm. Do a lot of people feel the same way?" But, this one from Nathan did just that.
It's MINI that may be best positioned right now. WIth sales up 29.9% this year, The MINI Cooper and Clubman are compact cars with the unique combination of style and fuel efficiency in a tight little package.
Ford Motor warned on Thursday that it no longer expects to meet a key target of returning to profitability in 2009 and would cut production through this year in response to a slumping U.S. auto market.
In hybrids, Honda has announced that early next year it will roll out a lighter, more affordable 5 door hatchback that will look similar to the hydrogen fuel cell FCX Clarity model. The plan: annual sales 200,000 worldwide, including a 100,000 here in the U.S.
Nippon Steel and other big Japanese steelmakers have reached broad agreement with Toyota Motor to raise steel prices by more than 30 percent, the Asahi Shimbun daily reported on Thursday, boosting the price of steel firms' shares.
The future of mass market quantities of electric cars is getting a big push today from one on the more "electric" leaders in the auto industry. Nissan/Renault CEO Carlos Ghosn is expected to announce his company plans to sell its first electric cars in the U.S. by 2010--according to the New York Times.
The Nissan Motor Company plans to sell an electric car in the United States and Japan by 2010, raising the stakes in the race to develop environmentally friendly vehicles
Nissan Motor posted a 13.7% drop in fourth quarter operating profit on Tuesday and forecast a sharp fall in annual profits this year due to a weaker dollar, rising commodities prices and sinking U.S. demand.
This auto-parts company is slashing costs but the Street isn't paying attention. That doesn't mean you have to miss it.
There's an old adage in the car business that even in tough times, good cars will still sell. That might explain why certain models continue to fly off dealer lots and even sell at a higher price, even though the overall auto market is down. Perhaps the most interesting example is the new Chevy Malibu.
After years of lamenting the "death of the car" and the rise of the SUV and CUV, fans of the sedan are finally seeing things turn their way. Last month, for the first time in roughly 20 years, cars outsold trucks (Pick-ups, SUVs, CUVs and minivans).
Take that GM doubters. In the last month there's been a growing chorus of investors and auto industry followers who have started to question if the General Motors turnaround had stalled. It looks like the naysayers are a bit overzealous in their predictions of gloom and doom.