Toyota | featured news

Automaker's profit surges on rising sales, could be world's biggest carmaker again before the year is out.

Toyota Motor Co may slip to No. 3 in the automaker production rankings behind General Motors and Volkswagen due to Japan's earthquake and nuclear crisis, which slashed local output by almost two-thirds in March alone.

General Motors is almost certain to claim the title of world's biggest automaker this year, retaking the top spot from Toyota, which has been hurt by production problems since the Japanese earthquake and still can't escape the shadow of major safety recalls....

Toyota and Nissan they will resume production at all factories in Japan in mid-to-late April at about half their normal pace, joining Honda in an industrywide move to restart production halted by the March 11 earthquake.

Toyota Motor Corp. recalled 2.17 million vehicles in the United States on Thursday to address accelerator pedals that could become entrapped in floor mats or jammed in driver's side carpeting, prompting federal regulators to close its investigation into the embattled Japanese automaker.

Mechanical defects that have already been addressed were the only known cause of the acceleration problem, Transportation Department investigators found.

Toyota is recalling nearly 1.7 million vehicles worldwide for various defects that may cause fuel leakage and other problems the latest in quality ...

General Motors' sales in China increased 28.8% in 2010 while U.S. sales rose just 6.3%. GM is one of the best-positioned automakers in emerging markets, even better than Toyota, says one expert. General Motors Co. sold more vehicles in China than it did in the U.S.

Toyota has agreed to pay more than $32 million in penalties after two federal investigations that faulted the Japanese automaker for its handling of recent auto recalls, the U.S. Transportation Department announced Monday night.

The car manufacturer is rewarding those who purchase a new Toyota by January 3 with a $500 debit card for tweeting about it.