Toyota Earthquake |
Detroit Bureau on Twitter

Posts Tagged ‘toyota earthquake’

Despite Diesel Dilemma, VW Snatches Global Sales Lead from Toyota

Toyota loses momentum due to production snags.

by on Apr.27, 2016

Despite some serious problems, VW could retain the sales lead during the second quarter.

It’s had to suspend sales of its popular diesels in the U.S. market, and it’s already taken an $18 billion hit in the wake of its ongoing diesel emissions scandal, but not all is doom-and-gloom for Volkswagen AG.

The embattled automaker can celebrate the fact that it surged into the global sales lead for the first quarter of 2016, narrowly squeaking by Japanese giant Toyota which has had its own problems in recent months. General Motors continued to hold down the third spot in the global sales sweepstakes.

In the Know!

Whether VW can hold the lead for the rest of the year is far from certain. It was, in fact, the top-seller for the first half of 2016, only to slip behind Toyota once again as the diesel disaster began to take its toll. But wildcard factors have a way of upsetting the industry’s apple cart, and Toyota is currently dealing with problems that will likely scuttle its chances of regaining the sales crown for at least another quarter.


GM to Close Four Plants in Wake of Japanese Quake

But Toyota expects to be nearly back to normal next week.

by on Apr.22, 2016

The new Cadillac XT5 sport-ute is among the vehicles impacted by the GM shutdowns.

The impact of last week’s devastating earthquake in Japan is now being felt in North America.

Even as some of Toyota’s Japanese operations begin to return to normal after shutdowns this past week, General Motors says it will idle four of its plants in the U.S. and Canada due to shortages of Japanese-made parts.

The Journal of Record!

That said, the closures are “not expected to have any material impact on GM’s full-year production plans in North America,” the maker said in a statement, nor should it have a major impact on earnings for the second quarter.


Toyota Profits Rebound from 2011 Disaster

Maker sharply increases sales target to nearly 10 mil.

by on Aug.03, 2012

Toyota CEO Akio Toyoda -- shown here at the launch of the Lexus GS -- aims for record sales.

Toyota Motor Co. underscored its recovery from last year’s Japanese earthquake and tsunami by not only delivering a huge jump in quarterly earnings but by also sharply increasing its upcoming sales forecast.

The maker saw net income for the April-June quarter surge to 290.3 billion yen, or $3.7 billion, from a mere 1.1 billion yen a year ago.  Sales, meanwhile, jumped 60%, to 5.5 trillion yen, or $70.5 billion, as Toyota dealers were once again able to stock showrooms with vehicles that were in short supply after the March 2011 natural disaster.  The maker’s problems last year were further complicated by flooding in Thailand last autumn.

Your News Source!

“In all regions, vehicle sales increased significantly due to strong recovery of demand which had suffered last year from the lack of supply caused by the Great East Japan Earthquake,” said TMC Senior Managing Officer Takahiko Ijichi.

Toyota once again delivered strong sales in the U.S. market during July, demand for products such as the new 2012 Camry sedan, rising 26.1%.  The maker capped today’s earnings news by revealing plans too boost its global sales target for 2012 to 9.76 million.


Profits Slide – But Toyota Claims Recovery on Track

Make boosts full-year sales, earnings forecast.

by on Feb.07, 2012

Toyota hopes to boost demand for products like the Corolla during the fourth quarter.

Toyota profits slid another 13.5% for the latest quarter reflecting the maker’s ongoing production problems and the impact of lopsided exchange rates – but the Japanese giant also indicated that it has begun a long-awaited recovery that should see profits begun turning upward during the final three months of the Japanese fiscal year.

Toyota profits slipped to 80.9 billion, or $1.05 billion, for the October – December quarter, down from $93.6 billion yen the year before.  Sales for the quarter were up 4.1%, to 4.865 trillion yen, or $63.4 billion, hinting at the maker’s slow return to normal production levels after the hammering it took as a result of the March 11 Japanese earthquake and tsunami and subsequent flooding in Thailand.

News Now!

Toyota Managing Director Takashi Ijichi indicated, during a conference call, that sales continue returning back to normal during the current quarter.  Meanwhile, “company-wide profit improving efforts” will help trim about 60 billion yen in costs during the fourth quarter.  As a result, Toyota raised its profit forecast for the full year to 200 billion yen, or $2.6 billion, up from 180 billion yen, or $2.3 billion, in an earlier forecast.

“We feel confident the foundation of our business is now stronger,” he said.


Toyota Sharply Downgrades Earnings Forecast

Blames strong yen, Thai flooding.

by on Dec.09, 2011

Toyota faces a grim fiscal year.

Weeks after company officials expressed their hopes that things were getting back to normal, Toyota officials have issued a bleak forecast that sharply downgrades its earnings for the rest of the fiscal year.

Having earlier cut earnings projections due to the March 11 earthquake and tsunami that devastated Japan – and led to months of automotive production cuts – Toyota now says the strong yen, as well as Thai flooding, will reduce its earnings for the fiscal year, which ends March 31, by more than half.

Your Inside Source!

The maker now anticipates a net profit of 180 billion – or $2.3 billion at the current exchange rate – down from the 390 billion yen it forecast in August.  During a conference call this morning it also said revenues will dip from the earlier forecast of 19 trillion yen to just 18.2 trillion, or $234.4 billion.