Toyota | featured news

General Motors and Chrysler reported double-digit sales of new vehicles, while Ford’s rose 7 percent. Toyota sales were up 60 percent.

Toyota Motor Co. wrapped up one of the worst fiscal year’s in the company’s history with an unexpectedly strong final quarter in which it saw earnings more than quadruple.

Toyota Motor Corp said on Wednesday it is recalling more than 681,000 cars and trucks in the U.S. market to address potential problems.

After three years of settling for second place, General Motors reclaimed its title as the world’s largest automaker in 2011, a year when its sales grew in every region of the globe while Toyota sales were hampered by major natural disasters.

Toyota Motor Corp. said Wednesday it is recalling about 550,000 vehicles worldwide -- mostly in the United States -- for problems that could make it harder to steer.

Toyota over the weekend broke ground for a technical center near Shanghai that will prepare for shifting production to China of tightly guarded technology used in its hybrids and other alternative-energy vehicles—but not its latest technology.

Ford's market analyst said U.S. auto sales are running at the strongest pace since April as vehicle inventories recover for Toyota and Honda.

Two weeks after Japan’s March 11 earthquake knocked out more than 650 of Toyota Motor Corp.’s suppliers, halting worldwide production, the automaker had to decide where to focus its resources. It picked the Prius.

Toyota Motor Corp and Ford Motor Co will work together to develop gasoline-electric trucks and SUVs that will be ready for market by the end of the decade, the two companies said on Monday.

Toyota recalled 106,000 first-generation Prius hybrid cars globally on Wednesday for faulty steering caused by a nut that may come loose.