Toyota Motor Corp.(TOYOF)- OTCPK - Current
  • Mon, Apr. 4, 7:27 AM
    | Mon, Apr. 4, 7:27 AM
  • Wed, Mar. 2, 6:30 AM
    | Wed, Mar. 2, 6:30 AM
  • Feb. 16, 2015, 5:52 AM
    • Asian suppliers are resorting to costly air freight, as a labor dispute at U.S. West Coast ports disrupts supply chains across the Pacific.
    • With ports near gridlock, President Obama dispatched Labor Secretary Tom Perez to California on Saturday to try to broker an agreement between dockworkers and the group representing shippers and terminal operators.
    • Many automakers have been hit hard in the U.S. as car parts have been held up by the dispute. Honda (NYSE:HMC) has declared that it would slow production at several U.S. plants, Subaru (OTCPK:FUJHY) said it would continue flying parts in to its U.S. facilities, while Toyota (NYSE:TM) announced that it had reduced overtime at some factories. Nissan (OTCPK:NSANY) also stated that it is being affected.
    • A Shanghai index for U.S. West Coast freight rates rose 23 points last week to 2,265 and brokers said quotes had risen a further five points today.
    | Feb. 16, 2015, 5:52 AM | 5 Comments
  • Nov. 27, 2014, 3:10 AM
    • The NHTSA has given Takata (OTCPK:TKTDY) until Tuesday to declare that its air bag inflators are defective and issue a recall. If it does not comply, the NHTSA could begin steps to fine the Japanese air bag supplier up to $7K per vehicle and could force a recall.
    • Takata has so far resisted the U.S. regulator's call to broaden its recall, which is currently limited to a few high-humidity states and territories where initial reports of air-bag ruptures have occurred.
    • Stepping up its recalls today, Toyota (NYSE:TM) has announced that it would replace Takata air bags in 57,000 vehicles, and its subsidiary, Daihatsu (OTCPK:DHTMY), would recall 27,571 Mira minivehicles for the same reason.
    • Yesterday, the NHTSA demanded that Chrysler (NYSE:FCAU) expand its Takata recall nationwide and begin notifying customers of the new campaign by Monday.
    • Previously: Takata air bag crisis continues
    • Previously: U.S. calls for national recall of defective Takata air bags
    • Previously: Takata gets hit with U.S. criminal probe
    | Nov. 27, 2014, 3:10 AM
  • Aug. 10, 2014, 7:08 AM
    • Toyota (NYSE:TM), Honda (NYSE:HMC) and Nissan (OTCPK:NSANY) are the latest carmakers to slash prices on auto products and spare parts in China, following the continuing antitrust investigation into the Chinese auto parts industry.
    • This past month, only automakers BMW, Mercedes-Benz, Audi, Chrysler and Jaguar Land Rover cut their prices due to the Chinese National Development and Reform Commission's expanded investigation. However, it now looks as though the probe extends beyond foreign luxury auto brands.
    | Aug. 10, 2014, 7:08 AM