TOKYO (AP) — Toyota's quarterly profit surged 70 percent as a weaker Japanese yen and cost cuts helped offset a slight decline in vehicle sales. Toyota Motor Corp. said Wednesday its July-September net profit rose to 438.4 billion yen ($4.4 billion) from 257.9 billion yen a year earlier.
Toyota Motor Corporation (TM), the world’s leading automobile manufacturer, is considering construction of its first full assembly plant in Mexico.
The Japan-based automobile multinational already has a factory in Mexico but its scale of operations is small as it only has the capacity to produce 63,000 vehicles per year, as reported by the company's official spokesperson, Tania Saldana.
DETROIT — Toyota is recalling 430,500 vehicles for three separate safety problems, including 82,381 Sienna minivans in Canada that face potential problems caused by salt used by road crews to melt snow or ice in some areas.
The company said Thursday that the road salt can corrode the spare tire carrier under the vehicle and in extreme cases the tire can fall off.
The recall includes Siennas from the 2004 through 2011 model years.
Toyota Canada said some of the vehicles were involved in a recall issued in April 2010.
TOKYO — Toyota Motor Corp, in its second-largest recall announcement, said on Wednesday that it would call back 6.39 million vehicles globally after uncovering five different faults involving parts ranging from steering to seats.
The world’s biggest automaker said it was not aware of any crashes or injuries caused by the glitches, which were found in 27 Toyota models including the RAV4 and Yaris subcompact.
Toyota said faults were also found in the Pontiac Vibe and the Subaru Trezia, two models the automaker built for General Motors and Fuji Heavy Industries.