Japanese automaker Toyota will recall more than 160,000 RAV4 sport utility vehicles sold in China due to a problem with the vehicles' rear suspension, the country's consumer quality watchdog said on Friday.
The recall will affect 13,474 vehicles produced between 21 July 2005 and 28 Nov. 2008, as well as 147,310 vehicles manufactured between 6 February 2009 and 31 October 2010, the Chinese General Administration of Quality Supervision, Inspection, and Quarantine said in a statement.
Japanese carmakers Honda, Toyota and Lexus have been named the most reliable used car brands in the UK in a survey by What Car? and Warranty Direct.
Suzuki and Subaru, also Japanese, were ranked fourth and fifth respectively in the survey of cars between three and 10 years old.
Toyota, Johnson & Johnson and Honda are the most "green" brands around the world, but display a mixed performance to communicating this with consumers, a study has revealed.
Interbrand, the branding consultancy, drew on its own survey research and data from Deloitte, the advisory group, to identify the most improved players in this area over the last year, and measured the "gap" between each firm's actual and their perceived performance.
Firm Toyota Motor Corp., Asia's biggest automaker, will start selling a new compact model in China next year to boost its presence in the world's biggest car market.
Toyota will also introduce a car with a hybrid system primarily developed at its research and development facilities in Changshu, China, President Akio Toyoda said on Monday at Auto China 2012 in Beijing, where the company is displaying 38 models. He didn't say when the company would start selling the hybrid car.
The Australian arm of Japanese auto giant Toyota announced on 23 January that it would sack 350 workers at its southern auto plant, citing "unprecedented" pressure on its operations.
Reputations, money, survival. A lot hangs in the balance in 2012 for the prominent heads of many global companies. Here's a rundown of a dozen of the more intriguing business scenarios and the executives who will need to navigate through them in the new year.
Japan's biggest carmaker Toyota said on Thursday that it would aim to boost global sales by a fifth next year, seeking growth in emerging markets to counter sluggish demand in the crisis-hit developed world.
Sales of Toyota cars in Indonesia this year are expected to exceed those in Thailand following the worst flooding disaster in 50 years for that country.
Data from the Association of Indonesian Automotive Industries shows that Toyota car sales from January to November reached 285,034.
Toyota has cut its annual profit forecast by half after destructive floods in Thailand, a crucial manufacturing hub, hurt production in a year already marred by natural and nuclear disasters in Japan.
Net income at Toyota, which analysts say is likely to lose its title as the world's biggest car maker this year, is expected to fall 54 percent, to JPY180 billion (USD2.32b) in the financial year that ends in March, the carmaker said.
Global sales are likely to fall to 7.38 million vehicles, down from an earlier forecast of 7.6 million, Toyota said.
Toyota Motor Corp. reported a 19 percent drop in profit for the July-September quarter, blaming the yen's rapid appreciation against the dollar and production cutbacks in the US and Japan due to parts shortages that hit sales.