Toyota Motor Corporation

A community portal about Toyota Motor Corporation with blogs, videos, and photos. According to Wikipedia.org: The Toyota Motor Corporation, or simply called Toyota is a Japanese multinational corporation and the world's second largest automaker that manufactures automobiles, trucks, buses and robots and the world's eighth largest company by revenue. Its headquarters are in Toyota, Aichi, Japan with factories and offices around the world.

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Toyota Prius orders mount; shake-up looms

Written by kosutasu on

From: japanesegreencars.blogspot.com

Toyota Motor Corp, under pressure ahead of a scheduled management shake-up, has won 75,000 orders for its new Prius hybrid, the Nikkei business daily said, promising a fierce battle for Honda Motor Co's rival Insight hybrid.

Toyota, facing a potential $8.6 billion operating loss in the year to next March, has previously announced plans to appoint the founder's grandson to head the company in June and make many other management changes including a new head for its loss making U.S. operations.

The Financial Times highlighted an upcoming change in Toyota's management, noting that the personnel line-up announced last month replaced 40 percent of top managers.

Toyota's shares gained 2 percent, outperforming Honda's 1.3 percent rise and just ahead of the benchmark Nikkei share average's 1.7 percent.

Honda's new Insight hybrid, launched in early February in Japan, has outpaced the company's sales forecast with sales of nearly 20,000 units in the first three months.

A Toyota spokeswoman could not confirm the Nikkei report, saying the automaker had not compiled dealers' orders ahead of a scheduled launch on Monday.

Source: Reuters

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