Cars
What would have been unheard of a year ago could now very well become a reality: if auto sales don't rebound by the second half of next year, Toyota may be forced to lay off workers in the U.S. for the first time since it began manufacturing cars in the States in the mid 1980s. Jim Wiseman, vice president of external affairs for Toyota's North American production unit, told Bloomberg News that the company cannot rule out job cuts as sales continue to fall. "We wouldn't anticipate it getting to that point, but we never say never," Wiseman said. Overall, Toyota's North American operations employee some 30,000 workers.
- Honda's Insight Sales May Fall 30 Percent Short Of Its 2009 U.s. Sales Target
Blame the ongoing recession along with the fairly low gasoline prices at the pumps and strong competition from Toyota's revamped Prius hybrid, but Honda's execs are quite pessimistic about the prospects of the Insight meeting its 2009 U.S. market...
- Toyota Builds One Millionth Vehicle In Turkey
Toyota announced today that cumulative production at its manufacturing plant in Turkey reached one-million vehicles. The milestone that coincides with the start of production of Toyota's third generation Verso MPV, at Toyota Motor Manufacturing Turkey...
- Report: Toyota's Japanese Production May Fall 25% In 2009
The enduring global economic crisis brings more bad news for Toyota. Citing an unnamed senior official, Japan's top-selling newspaper Yomiuri said that Toyota's domestic output that accounts for about half of the firm's worldwide production,...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Toyota To Build Prius In The U.s. From 2010, Tundra & Sequoia Production Suspended
Changes in consumer demand in the U.S. have "forced" Toyota to take the decision to build the Prius in the U.S. at a new plant under construction in Blue Springs, Mississippi. Toyota said that production is scheduled to begin in late 2010, meaning that...
Cars
Toyota Could Cut Jobs in the U.S. if Auto Sales Continue to Drop
What would have been unheard of a year ago could now very well become a reality: if auto sales don't rebound by the second half of next year, Toyota may be forced to lay off workers in the U.S. for the first time since it began manufacturing cars in the States in the mid 1980s. Jim Wiseman, vice president of external affairs for Toyota's North American production unit, told Bloomberg News that the company cannot rule out job cuts as sales continue to fall. "We wouldn't anticipate it getting to that point, but we never say never," Wiseman said. Overall, Toyota's North American operations employee some 30,000 workers.Via: Bloobmberg
- Honda's Insight Sales May Fall 30 Percent Short Of Its 2009 U.s. Sales Target
Blame the ongoing recession along with the fairly low gasoline prices at the pumps and strong competition from Toyota's revamped Prius hybrid, but Honda's execs are quite pessimistic about the prospects of the Insight meeting its 2009 U.S. market...
- Toyota Builds One Millionth Vehicle In Turkey
Toyota announced today that cumulative production at its manufacturing plant in Turkey reached one-million vehicles. The milestone that coincides with the start of production of Toyota's third generation Verso MPV, at Toyota Motor Manufacturing Turkey...
- Report: Toyota's Japanese Production May Fall 25% In 2009
The enduring global economic crisis brings more bad news for Toyota. Citing an unnamed senior official, Japan's top-selling newspaper Yomiuri said that Toyota's domestic output that accounts for about half of the firm's worldwide production,...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Toyota To Build Prius In The U.s. From 2010, Tundra & Sequoia Production Suspended
Changes in consumer demand in the U.S. have "forced" Toyota to take the decision to build the Prius in the U.S. at a new plant under construction in Blue Springs, Mississippi. Toyota said that production is scheduled to begin in late 2010, meaning that...