InfoAnda - Toyota US sales halt deals blow to image, earnings

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Aerosmith's Steven Tyler rips Celebrity Rehab | | 4 May 2011
Seoul shares hit 6-wk closing high as banks rally | 23 March 2009
Pakistani forex reserves fall $160 mln to $6.76 bln | 6 November 2008

Chinese massacre movies clear censors | 23 March 2009

Forum Views () Forum Replies ()

Read more with google mobile : Toyota US sales halt deals blow to image, earnings

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Toyota US sales halt deals blow to image, earnings By DAN STRUMPF,AP Auto Writer - Thursday, January 28 Send IM Story Print FILE - In this Aug. 17, 2008 file photo, 2009 Matrix compact wagons sit at a Toyota dealership in the south Denver suburb of Littleton, Colo. Toyota on Tuesday, Jan. 26, 2010 announced that it is instructing Toyota dealers to temporarily suspend sales of eight models involved in the recall announced on Jan. 21. (AP Photo/David Zalubowski, File) NEW YORK – Toyota's suspension of U.S. sales on an unprecedented scale to fix faulty gas pedals deals a blow to the automaker's reputation for quality and endangers its fledgling earnings recovery. The suspect parts are made by a U.S. supplier, but they are also found in its European-made vehicles, an official with the automaker said Wednesday. Toyota said it hasn't decided what to do there. Japan's Toyota Motor Corp. announced late Tuesday it would halt sales of some of its top-selling models to fix gas pedals that could stick and cause unintended acceleration. Last week, Toyota issued a recall for the same eight models affecting 2.3 million vehicles. Toyota is also suspending production at six North American car-assembly plants beginning the week of Feb. 1. It gave no date on when production could restart. The timing could not be worse for Toyota. Two years ago, the company beat out General Motors Co. to become the world's largest automaker. Now just weeks into 2010, it is stopping sales in its biggest market, the U.S., at a time when it desperately needs to sell cars here after reporting its first-ever annual loss last year. The sales and production halt involves several best-selling U.S. models, including the Camry and Corolla sedans and the RAV 4 crossover, a blend of SUV and car whose sales surged last month. In addition, the problem could spread to Europe, where a similar accelerator part is being used, said Toyota spokeswoman Ririko Takeuchi. She declined to give the number of vehicles affected. The company was studying possible responses there, including a recall, she said. "For Europe, the number and models potentially concerned are under evaluation," said Philippe Boursereau, spokesman for Toyota France. Toyota has said it was unaware of any accidents or injuries due to the pedal problems associated with the recall, but could not rule them out for sure. The sales halt calls into question the aggressive growth strategy pursued under former President Katsuaki Watanabe, a cost-cutting expert, who led the Japanese automaker to the No. 1 spot in global vehicle sales in 2008, analysts say. Hitting that milestone coincided with a 437 billion yen ($4.86 billion) loss during its last fiscal year, marking the worst performance in the company's 72-year history. The automaker said the U.S. sales suspension includes the following models: the 2009-2010 RAV4, the 2009-2010 Corolla, the 2007-2010 Camry, the 2009-2010 Matrix hatchback, the 2005-2010 Avalon large sedan, the 2010 Highlander crossover, the 2007-2010 Tundra pickup and the 2008-2010 Sequoia large SUV. "This action is necessary until a remedy is finalized," said Bob Carter, Toyota's group vice president and general manager. Toyota spokesman Mike Goss said most workers were expected to be at their jobs during the assembly line shutdown. Workers will receive additional training or work on improvements to their assembly processes. They can also take vacation or unpaid leave, he said. About 300 workers who build V8 engines at a Toyota plant in Huntsville, Ala., will be affected, said Stephanie Deemer, a spokeswoman for the plant. Goss said the shutdowns will also affect engine plants in Georgetown, Ky., and Buffalo, W.Va. Toyota dealers said they were concerned the move would hamper sales. They hoped parts to fix the problem could be distributed quickly. Mamoru Katou, analyst at Tokai Tokyo Research, said Toyota was likely reorganizing production plans, such as switching suppliers, and shipping in parts from Japan. "The problem is extremely serious," said Katou. "The models are precisely those Toyota had been preparing to sell in big numbers." Toyota expects to sell 2.19 million vehicles in North America in 2010, up 11 percent from 2009, according to sales targets released Tuesday. Globally, Toyota said it was planning sales of 8.27 million vehicles this year, up 6 percent from 2009. But those numbers have not figured in the U.S. sales stoppage, Takeuchi said. The automaker's problems in the U.S. may be an extension of the spate of quality problems that plagued Toyota several years ago in Japan, its home market, during the aggressive growth strategy pursued under Watanabe. In 2006, the Japanese government launched a criminal investigation into accidents suspected of being linked to vehicle problems, though nobody was charged. Watanabe later acknowledged overzealous growth was behind the quality problems. Watanabe was replaced last year by Akio Toyoda, the grandson of Toyota's founder. Tuesday's announcement follows a larger U.S. recall months earlier of 4.2 million vehicles because of problems with gas pedals becoming trapped under floor mats, causing sudden acceleration. That problem was the cause of several crashes, including some fatalities. About 1.7 million vehicles fall under both recalls. The auto company said the sales suspension wouldn't affect Lexus or Scion vehicles. Toyota said the Prius, Tacoma, Sienna, Venza, Solara, Yaris, 4Runner, FJ Cruiser, Land Cruiser and select Camry models, including all Camry hybrids, would remain for sale. Those vehicles contain gas pedals produced by a different North American supplier from the one whose parts are involved in the current sales halt, Toyota has said. Toyota sold more than 34,000 Camrys in December, making the midsize sedan America's best-selling car. It commands 3.4 percent of the U.S. market and sales rose 38 percent from a year earlier. Sales of the Corolla and Matrix, a small sedan and a hatchback, totaled 34,220 last month, with 3.3 percent of the market and sales up nearly 55 percent from December of 2008. ___ Associated Press Writers Yuri Kageyama in Tokyo, Greg Keller in Paris, Ken Thomas in Washington and Tom Krisher in Detroit contributed to this report. Recommend Send IM Story Print Related Articles Apple debuts highly anticipated, tablet-style iPad AP - 2 hours 50 minutes ago Berkshire 'B' shares up after addition to S&P 500 AP - 1 hour 58 minutes ago NY AG calls Internet discount clubs 'deceptive' AP - 2 hours 1 minute ago Praxair profit meets Street, shares dip on forecast Reuters - 2 hours 13 minutes ago BlackRock 4Q profit leaps on BGI acquisition AP - 2 hours 24 minutes ago News Search Top Stories US new home sales slump to nine-month low in December Germany hikes 2010 growth forecast Saab gets reprieve as GM seals sale to Spyker Haiti queues for aid amid fresh aftershocks IMF says global recovery stronger, but still frail More Top Stories » Most Popular Most Viewed Most Recommended Saab gets reprieve as GM seals sale to Spyker Haitian police shoot scavengers indiscriminately Haiti queues for aid amid fresh aftershocks New York woman falls, rips Picasso painting Ericsson cuts 1,500 more jobs, profit plunges More Most Viewed » Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 28 January 2010
Bomber dressed as Iraqi policeman hits police post
N.Ireland given 48-hour power-share deadline
US-TECH Summary
US new home sales slump to nine-month low in December
British lawyer denies Blair pressure over Iraq war
Germany hikes 2010 growth forecast
Apple prepares big bet on tablet computing
Oregon Man Scales Prison Fence; Gets Help He Hadn't Expected
Woman's Claims Of Cancer Terminate In Her Arrest For Fraud
Norwegian firm seeks to charge into US electric car market
American Fatalities In Haiti At 97
Karzai lobbies support ahead of London meeting
Italian court postpones Google verdict on bullying video
Iraq's "Chemical Ali" buried near Saddam
Chimp Attack Victim Seeking Face, Hand Transplant Operation
New Web Site Offers Experts' Tips For COPD Sufferers
S.Korea heightens alert against cyberattacks
Apple defies sceptics to shake up S.Korean phone market
Bullying Law Sparked By Tormented Teen's Suicide
Apple CEO unveils new tablet computer, the iPad
Palin Declines Modeling Offer After Obama Ad Pulled
Venezuela marches continue, Chavez shuffles cabinet |
Killers of Bangladesh independence leader executed |
Clinton to press China FM on Internet issue
Chicago's Oldest Opera Singer Getting Big 105th Birthday Bash
Russian stealth fighter to fly by end-Jan: source |
U.S. technology distributors on track to recovery
China to take time to cut Internet censorship: web founder
Michael Douglas' son pleads guilty in NY
More states require 'green' cleaning products
Runners, baring your soles makes you well-heeled
Dino tail feathers were carrot colored, study says
NKorea fires artillery rounds, raising tension
Obama to announce high-speed rail plan post-speech
N.Korea fires 80 shells despite warning shots: Seoul
Bangladesh executes ex-president's killers
Ex-suspect in Mass. highway slayings found dead
Witness: Rights of gays 2nd to preserving marriage
Cambodian opposition leader jailed in absentia
Geithner defends Fed actions on AIG bailout
Falungong decries HK as democracy row deepens
China looks to revive 'beautiful game'
Arms treaty with US could be ready in weeks-Russia
EPA to visit Calif town with birth defect cluster
Indonesia plans 'green' growth fund
Myanmar arrests 11 accused of plotting bombings
Cambodia won't send troops to Afghanistan, Iraq
Police: 11 militants killed in NATO-Afghan strike
Chinese central banker warns of new Asian crisis
Oregon Man Scales Prison Fence; Gets Help He Hadn't Expected
Chimp Attack Victim Seeking Face, Hand Transplant Operation
China tells banks to ensure 'steady' lending growth: govt
Chicago's Oldest Opera Singer Getting Big 105th Birthday Bash
China sets up national energy commission
China Town Renames Mountain After Movie 'Avatar'
NZ Q4 investor confidence hits record high
Mars Rover In Sand Trap, Becomes Stationary Lab
French president backs Obama in battle over bankers
Toyota US sales halt deals blow to image, earnings
Damaged Picasso Painting To Be Repaired
Beekeeper Who 'Died' Found To Have Pulse While In Coffin
Pakistan ups FY09/10 GDP growth fcast to 3.4 pct
Facebook Page Prompts School Officials To Suspend Student, Issue Detention To Others
Man Carrying Matches To Clean His Ears Grounds Plane
Bankers hit out against regulation at Davos
Bollywood Actor Gets Moon Crater Named After Him
China: Theaters must meet domestic movie quota
'Hope for Haiti Now' is No. 1 on Billboard chart
'Heroes' actor Adrian Pasdar booked for DUI in LA
Countries increasingly tackling music piracy head-on
Mel Gibson shakes off boredom, returns to acting |
US philanthropist donates major art works to Cuba
Susan Boyle gives thumbs-up after intruder scare
Luck or divine intervention? Haitian voodoo heritage intact
Experts to assess damage in Haiti museums
Rio's Christ statue gets facelift
Yes we (beer) can: US abuzz with State of the Union drinking game
EU greenlights Spanish movie-making state aid
'Dogs of war' saving lives in Afghanistan
Verdict due in trial of former French PM Villepin
Iran faces consequences over nuclear program: Obama |
Fed holds steady, sees low rates for 'extended period'
West backs Yemen in extremism fight at London meeting
Pressure mounts for Afghan solution at London meet
Jay Leno Unfazed By "Tonight Show" Mess
Clive Owen Film "The Boys Are Back" Released On DVD
AT&T retains Apple glitz with iPad deal
Season Seven Of "Law & Order" Released On DVD
North Korea fires artillery again toward South |
Crashed jet's flight recorders located off Lebanon
The iPad? Also available with wings?
Swedish diplomat named top UN envoy to Afghanistan
Haiti pleads for better aid effort, survivor found |
T.I. Facing Copyright Infringement Suit
"Smokin' Aces" Prequel Blasts Out On DVD, Blu-ray
Human rights group: Hamas targeted civilians
Justin Timberlake Haiti Relief Single Hits #1 On iTunes
Radiohead Raises Over Half A Million At Haiti Benefit Show
Iran's leader predicts Israel's destruction
Clinton sees consensus forming on Iran steps |
Sundance Channel Premieres Full Frontal Fashion Week With Two New Documentaries
Jon Bon Jovi To Guest Star On "30 Rock"
Ticketmaster, Live Nation Merger Gets Justice Green Light
Apple CEO unveils new tablet computer, the iPad
Apple debuts tablet-style iPad
Crashed jet's flight recorders located off Lebanon |
Justice looks askance as Obama criticizes court
China sets up energy agency headed by PM
White House to dole out $8 billion in rail grants
Taiwan ex-leader's son plans election bid
Apple pitches $499 iPad, takes on Amazon |
FACT CHECK: Obama and the 'hatchet' job
Obama Stresses Economic Recovery in State of the Union Speech
Weather forecast for the Asia-Pacific region
Malaysia: Suspects linked to accused plane bomber
Obama Encourages Economic Recovery in State of the Union Speech
Report: College endowments suffer huge declines
Nintendo Q3 profit down 23 pct |
Japanese pleads guilty to killing seven in knifing spree
President Obama Addresses Nation; Discusses Healthcare, Energy, Cimate Bills
AT&T retains Apple glitz with iPad deal |
Canada investigates Facebook again over privacy |
Poll: Californians say state is on wrong course
Terror suspects in Malaysia from Mideast, Africa: activists
Geithner Denies Cover Up In AIG Bailout
Bangladesh hangs 5 who killed founder in 1975 coup
PETA Calling For Famed Groundhog To Be Replaced With Robot
Freed Belgians Concerned For Imprisoned American Hikers In Iran
Obama tries to salvage health care bill
North Korea says detains American for trespassing
NKorea says American man detained at China border
NAACP applauds Obama's call for jobs bill
Microsoft aided by Windows, awaits business revival |
Phone-tampering case: Prank or political spying?
Highlights of Obama's State of the Union address
Gitmo? Mideast? Not in Obama speech
Philippine GDP grows at slowest pace in 11 years
PAKISTAN
S.Korea's SK Telecom reports fall in Q4 net profit
Obama pledges to double US exports
Toyota expands massive recall by million vehicles
NZ household borrowing up in December
Seoul shares rise, briefly shaken by N.Korea news
S.Korea big firms Feb sentiment hits 7-½ yr high
Joan Rivers promotes 'A Piece of Work' at Sundance
Taiwan dlr up on stocks, exporters and weak euro
George Lucas away with the fairies in new musical
Zac Efron to star in spy thriller
Apple's Jobs unveils new tablet computer, the iPad
Judge in Reno won't stop 'Girls Gone Wild' trial
Jay Leno brushes off digs from Conan O'Brien |
Quincy Jones wants 'We Are the World' Haiti redo
`Il Postino' opera premiere set for Sept. 23 in LA
Author Louis Auchincloss dies at age 92
Hope for Haiti album shakes up pop chart |
'Poltergeist' actress Zelda Rubinstein dies at 76
George Lucas away with the fairies in new musical |
Mariachi cries at Gaultier conclude haute couture
Zac Efron to star in spy thriller |
J.Lo gets guest spot on TV comedy How I Met Your Mother |
Rocker Joe Walsh takes on namesake politician
Rocker Joe Walsh takes on namesake politician |
Michael Douglas' son pleads guilty to drug dealing |
Heroes actor Adrian Pasdar arrested in LA |
Blige, Bocelli to sing for Haiti at Grammys |
Karzai government invites Taliban to peace meeting |
Nintendo Q3 profit down 23 pct
Overweight septuagenarians live longer: study
Iran's Karoubi sees early exit of Ahmadinejad
Afghanistan to need Western help for up to 15 years: Karzai
Iran hangs two in wake of election unrest |
Suspect Held Hands With Victim Hours Before Her Death
Iran opposition says Ahmadinejad won't finish term
Remains Of Virginia Tech Student Last Seen At Concert Found In Hayfield
UK's Blair faces pivotal day at Iraq War inquiry |
Another American Detained In North Korea
Iran's Karoubi sees early exit of president: report |
Afghan conference agree on handover targets: draft
Crashed jet's flight recorders located off Lebanon |
Iraq moves to curb channels seen inciting violence |
Sri Lanka president to dissolve parliament, call poll |
Analysis: Humbled Obama checks boxes
Voters to president: Less talk, more action
Obama to hold Fla. town hall on the economy
The nation's weather
Cambodian court convicts US sex offender again
State universities want more students to graduate
Police: Militants attack NATO trucks in Pakistan
N.Korea fires artillery again, detains American
Painful Wii price cut keeps Nintendo in the game |
NATO troops kill Afghan cleric, officials say
AT&T earnings up 26 percent, driven by wireless |
Philippines fears higher food prices
Fed chief awaits key Senate vote on confirmation
Motorola forecasts loss; shares plunge |
Bullet mailed to Japan PM
Alito disparages Obama's Supreme Court criticism
Obama urges repeal of ban on open gays in military
Startpage launches anonymous Web search service |
Indonesian protesters demand anti-graft measures
Key infrastructure often cyberattack target: survey |
Cold weather pushes Mongolian herders into cities
NKorea says American man detained at China border
Nokia beats forecasts, shares rally |
Toyota's safety recall goes global
Pakistani stocks down; rupee weakens; o/n rates up
Japan's NEC posts smaller loss last quarter
Japan's NEC logs net loss in third quarter
Chipmaker TSMC says profit more than doubles
Apple's iPad may underwhelm Hollywood
India's Tata Steel beats forecasts as net profit soars
Asia's budget airlines eye growth, high fuel costs
China economic policies under fire at Davos forum
Taiwan Semiconductor profits soar
China sets up energy agency headed by premier
Indonesians protest government's first 100 days
Sheen's wife recuperating at NC wellness center
Indie film world gets boost at Sundance |
Hong Kong pop legend feels liberated by jazz album
US-ENTERTAINMENT Summary
Apple's iPad may underwhelm Hollywood
Apple's iPad may underwhelm Hollywood |
Singer Rain wins lawsuit over cancelled US concerts
Lebanon's foreign domestic workers fight back at abuse
Indie film world gets boost at Sundance
China city denies renaming mountain after Avatar |
Khmer Rouge killing machine explored at Sundance
Obama renews vow to repeal military ban on gays
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01