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Toyota Motor Corp. plans to invest $10 billion in the U.S. over the next five years, the same as in the previous five years. This will be made in order to meet demand and upgrade plants to build more fuel-efficient models. The Japanese automaker has come under fire by President-elect Donald Trump for its plans, announced in 2015, to shift production of its Corolla to Mexico from Canada. The decision was not in response to Trump's remarks made in a recent tweet, but was part of Toyota's business strategy to invest in the U.S., where it has 10 plants in eight states. Planning ...
America has its favorites when it comes to cars and it's Toyota Camry. Being a leader for 15 years, that is something any car maker would want for its cars. Exclude the pickups and trucks, and no one else can beat the Camry. The question you might have now is will it be able to keep the crown as it got redisigned? We've seen impressive sales of Toyota's RAV4 and Honda CR-V, since buyers are switching to more versatile SUVs and forget about passenger cars. The Camry, last reworked four years ago, has made a living by being a solidly reliable if dull ride for people who si...
Donald Trump, the new US president threatened to levy a “big limit tax” on Toyota Motor Corp. vehicles build in Mexico. The new elected president also threatened General Motors and Ford Motor Co. who planned on opening new plants in Baja, Mexico. He wants these companies to enlarge their plants here in US. In his tweet, Trump appears to upset Toyota’s skeleton for a $1 billion plant in Guanajuato, Mexico, with a existent bureau in Baja, a western Mexico shred that abuts California. The Baja plant in Tijuana builds a Toyota Tacoma pickup, while a designed Guanajuato...
U.S. sales of new cars and trucks hit a record high in 2016, automakers said on Wednesday, and investors bid up shares in the sector as strong consumer confidence and relatively low fuel prices bolstered the industry's outlook. December sales rose 3 percent, and on a seasonally adjusted annualized basis were 18.43 million vehicles. The results prompted executives from the three biggest sellers in the U.S. market, GM, Ford, and Toyota Motor Corp, (7203.T), to predict that this year's sales will be near 2016's record levels. U.S. consumer confidence reached levels not see...
Japan's Takata, maker of defective air bags that have been linked to 11 U.S. deaths, could settle criminal charges with the U.S. Department of Justice before the Obama administration leaves office next month. Part of a settlement would include Takata pleading guilty to criminal misconduct. The Justice Department has investigated whether Takata hid information from safety regulators and issued misleading statements about the dangers posed by the air bags. Any deal would likely include a monitor to ensure Takata's compliance with the agreement. The Wall Street Journal, citing ...
