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The biggest loser among car makers in Germany was Toyota Motor Corp., which saw new registrations halved in December and plunge 27% for the full year. Last month’s decline in production contributed to a 3% drop for the full year to 5.5 million cars — the first fall since 2002. Exports for the yea...
Hyundai follows Toyota Motor Corp., Nissan Motor Co. and automakers worldwide in cutting jobs and curtailing output as recession in Europe, Japan, and the U.S. hurts car sales. In India, Hyundai’s car sales fell 26 percent last month to 14,601 units, according to the Society of Indian Automo...
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Designed for transverse engine applications in passenger cars and SUVs, the new compact transaxle puts Hyundai into an elite class of auto manufacturers who have designed their own six-speed automatic (after Toyota and a GM/Ford joint venture), demonstrating Hyundai’s advanced po...
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The reports said that the Toyota group of companies — including Daihatsu Motor Co., which makes small cars, and truckmaker Hino Motors — will manage to post a profit for the fiscal year through March. Toyota declined comment on the reports.
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Toyota Motor Corp.’s iQ micro car was named Japan’s Car of the Year, giving the country’s largest automaker a potential tool to lure buyers from Bayerische Motoren Werke AG’s Mini brand. PSA Peugeot Citroen, Europe’s second-biggest ...