Toyota halves profit on sales downturn
June 22, 2009 by David Twomey
Filed under Australian Car Industry News, Car News, Industry, Toyota
Australia’s biggest seller of cars, Toyota, has seen its profit cut almost in half during the past year as a result of slump in new vehicle sales.
In its 50th anniversary year Toyota Australia has reported a net profit of $123.4 million for its 12 month financial period to March 31, almost half the figure of [...]
Ford Australia posts $274m loss
June 19, 2009 by David Twomey
Filed under Australian Car Industry News, Car News, Falcon, Ford, Industry
Ford Australia has posted a substantial $274.4 million loss for last year but says much of that involves restructuring costs that will place it in a better position to move forward.
Restructuring charges cost it $162.2 million and came as sales revenue fell 7.4 per cent, lead by a declining interest in the Ford Falcon large [...]
Toyota finance arm seeks govt loan-report
March 3, 2009 by David Twomey
Filed under Car News, GM, Industry, Toyota
A Toyota Motor Corportion financial services unit has applied for about US$2 billion in loans backed by the Japanese government, as the financial crisis threatens funding at the world’s top carmaker, according to a report on Japanese state TV broadcaster NHK.
Reuters newsagency carried the report, saying that with credit markets worldwide in turmoil, Toyota may [...]
