Posted in Toyota, Hybrids, Automotive, Uncategorized on Jul 2nd, 2008
In one of the most shocking tales of 2008, Japanese auto giant Toyota is being charged with many counts of human abuse and “sweatshop-like” tactics in the building of some of their vehicles. What’s even worse is that the allegations also alleged that Toyota has “ties to Burmese dictators” through the Toyota Tsusho Corporation.
The National […]
Posted in Toyota, GM, Ford, Honda, Financing, Automotive on Jul 1st, 2008
GM, Ford and Toyota all had double-digit sales declines in June, as car shoppers leaned toward small, fuel-friendly cars, reports The Detroit News. On the flip side, Honda was able to pull off an 11.4 percent gain for the month.
GM, although down in sales, held onto the top spot as the U.S.’s number one car […]
Posted in Toyota, Automotive on Jun 30th, 2008
Toyota Motor Co. recently announced that they were opening a new $1 billion dollar car manufacturing facility in Brazil. The new plant will be located in the state of Sao Paulo and will be the company’s second factory in the country. Toyota also has a plant in Indaiatuba, which produces a version of the Corolla […]
Posted in Toyota, Automotive on Jun 24th, 2008
Even Toyota, the world’s number two automaker, is feeling the effects of a slumping automotive market.
Toyota’s Executive Vice President, Tokuichi Uranishi, told shareholders Tuesday that surpassing the 2.62 million vehicles they sold last year will be hard to do. The company might scale back its U.S. sales targets as a result.
Toyota’s original 2008 U.S. sales […]
Posted in Toyota, Hybrids, Automotive on Jun 11th, 2008
Toyota said today that its next line of hybrid vehicles will run on lithium-ion batteries, which the company will also produce.
The production of the new batteries and vehicles will start next year and will feature a plug-in hybrid that will be sold in 2010.
Toyota also said that later this month it will look into creating […]
Posted in Toyota, Ford, Honda, Automotive on Jun 4th, 2008
The F-series Ford truck has been the best-selling U.S. vehicle since 1992. Well, now that May’s sales are being reported, it seems the big truck has lost its title.
The Honda Civic took the top spot and sold more units than the Ford F-series. Ford Motor says this is the first month this has happened since […]
Posted in Trucks, Toyota, SUV, Financing, Automotive on Jun 3rd, 2008
Toyota has launched its first-ever national Annual Percentage Rate program for select Toyota certified used vehicles, reports Special Finance.
The national APR program offers eligible customers a 2.9 percent interest rate up to 66 months, and applies to certified used Tundra and Sequoia vehicles.
“We’re excited to offer this special program for our customers and dealers alike,” […]
Posted in Toyota, Hybrids, Automotive on May 15th, 2008
The Toyota Prius, which was first sold in Japan in 1997, is the world’s first gas-electric hybrid vehicle to hit the one million mark in sales.
Toyota says that 1.028 million Prius vehicles have been sold globally as of the end of April. The Prius is sold in 40 countries and regions.
The car, once popular with […]
Posted in Toyota, Automotive on May 12th, 2008
Toyota’s plans for a new assembly plant being built in Blue Springs, Miss., are now delayed because of concerns about slow U.S. auto sales and a general slow economy.
The plant was slated to open by late 2009 or early 2010, but will now be pushed back to mid-2010, reports the AP.
The automaker is predicting a […]
Posted in Toyota, Automotive on May 8th, 2008
The world’s second largest automaker, Toyota, announced a 28 percent decline in profits for the January to March quarter, compared to last year, reports the Detroit News and the Associated Press.
Causes for the Japanese automaker’s profit drop include sluggish North American sales and a strengthening yen.
On Thursday, Toyota said it expects its net profit to […]