The US highway safety body has rapped Toyota Motor Corp., the world`s largest automaker, for giving out "inaccurate and misleading information" over a massive safety recall involving 3.8 million of its vehicles in the country.
Toyota Motor Corp`s surprise quarterly profit and halving of its annual loss forecast failed to convince investors the world`s No 1 carmaker is back on track, as government subsidies peter out and a strong yen takes its toll.
Toyota Motor Corp said that US
authorities have found no defects in its vehicles in their
investigation into an earlier safety recall over driver-side
floor mats that could possibly lead to fatal accidents.
A US trade panel that hears patent disputes said it would investigate allegations that Toyota Motor Corp, the world`s largest automaker, infringed patented technology to make its popular hybrid vehicles.
Automaker Toyota has issued
a safety warning affecting some 3.8 million vehicles in the
United States after a deadly crash in California believed to
be the result of a gas pedal that got stuck on a floor mat.
New United Motor Manufacturing Inc (NUMMI), a joint venture between Toyota Motor Corp and the former General Motors Corp in California, will shed its entire workforce of about 4,700 by next spring, the reports said on Saturday.
Toyota Motor Corp reported its third straight quarterly loss but lifted its bearish forecast to call for a smaller loss this year as deep cost reductions help make up for some of the slump in global vehicle sales.