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During Toyota's annual shareholder's meeting yesterday, Akio Toyoda made a formal apology to over 3,000 investors for the company's recent recall disasters. Akio Toyoda said, "I would like to apologise once again for all the worries we have ca
Toyota President Akio Toyoda believes winning over new customers will be a challenge following the global financial crisis. According to the grandson of the founder the problems with his company started back in 2003 amid a massive global expansion.
Hours after influential US-based magazine, Consumer Reports, issued its damning video news release on the Prado-based Lexus GX460, the story had been picked up by every news agency and metastasized Globally. Consumer Reports is a respected con
With 8.5 million Toyotas now recalled worldwide since last September, the world's largest car manufacturer is struggling underneath the monumental pressure and negative media attention surrounding the saga. But is it fair? Or is Toyota now a punchi
*Update* Toyota Motor Corporation - Japan has advised the electric power-steering system used in Corolla models sold in Australia is different from that used for models sold in the United States. In another twist in the Toyota recall saga the US
Although the effects of Toyota's recent problems were not fully felt by Toyota Australia, globally the Japanese giant is fighting hard to rein in a global quality crisis. Part of the shift in Toyota's attitude will be a new approach to transparency w
Automotive industry analysts expect Toyota’s accelerator-related recalls to damage its US sales at least in the short term, and believe General Motors, Ford, Hyundai and Honda are likely to be the biggest winners over the next few months. Vice p
Toyota has issued its plan to fix the 4.4 million vehicles recalled around the world with potential sticking accelerators. The issue involves a friction device in the pedal designed to provide the proper “feel” by adding resistance and making
Chrysler and Hyundai are the latest US automotive companies to jump on the bandwagon and offer incentives to fleeing Toyota owners. Following the lead of General Motors and Ford late last week, the newcomers have also put US$1000 on the table fo
Toyota is expected to reveal the details of the remedy for its sticking accelerator recall in the US today after finding a solution that has satisfied safety regulators. Toyota said on Saturday it was in the final stages after reviewing the pedal
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