Toyota: Credit Not Responsible For Current Sales Slump, But Please Hurry Up And Fix!

Jim Lentz, Toyota's US sales chief, told the Detroit News » 10/10/08 10:00am 10/10/08 10:00am yesterday that consumer financing isn't their challenge right now; rather, low consumer confidence is keeping buyers out of showrooms. "The vast majority of our customers are able to get approved for loans," said Lentz, claiming that a record number of…

Toyota September Sales Down 32%; Honda Drops 24%

As clear proof that today's recession is an equal-opportunity unemployer, Toyota has posted a September sales decline of 32% from a year earlier — one of the worst results in the company's 50 years of US sales — while Honda sank 24% in the face of the consumer credit crisis. The declines at Toyota and Honda reinforce… » 10/01/08 3:25pm 10/01/08 3:25pm

Toyota Reports 39% Drop In First Quarter Profit

Raw material cost increases and sliding US sales dented Toyota earnings, as the Japanese automaker saw profits fall 39% in the fiscal first quarter compared to the same period a year earlier. The report also cites an analyst at Credit Suisse in Tokyo who says Toyota's numbers are actually far worse than they appeared… » 8/07/08 10:00am 8/07/08 10:00am

Toyota Lays Off 800 Contract Workers In Japan

Toyota is laying off 800 contract workers at its Fukuoka plant in southern Japan, the first time it has canceled work contracts before they're complete. The plant currently builds the Lexus RX330 and the Toyota Highlander, which are feeling the effects of the American SUV sales slump. After Toyota's announcement of an » 8/05/08 3:30pm 8/05/08 3:30pm

Toyota Cuts Sales Forecast Again, Still Expected To Top GM

Toyota's previously reported group-wide global sales forecast cut has gotten bigger. The company now estimates sales will fall by 350,000 additional units, for a 2008 worldwide estimated total of 9.5 million vehicles. More significantly, Toyota brand sales in the U.S. are now expected to drop 7% from 2007; this,… » 7/28/08 9:20am 7/28/08 9:20am

Now You Know It's Bad: Toyota May Miss U.S. Sales Targets

The Super-Best Automaker from the Land of the Rising Sun is backing away from forecasts that show an annual increase in U.S. sales over last year. Despite massive demand for the smug-forming Prius, Toyota's plans for world domination are getting bogged down in the Tundra, since the same market forces decimating demand » 6/24/08 9:30am 6/24/08 9:30am