BY JIM FLINK
ANCHOR  LOGAN TITTLE


Cue the music -- for the tune “On the Road Again.”  Or -- “back in the saddle again.”
Anyway you sing it, Japan’s Toyota Motor Company, is back in the high life.  
The Los Angeles Times’ Jerry Hirsch reports...

“Toyota is likely to sell 9.7 million vehicles this year, surpassing second-place General Motors Co. by more than 1 million vehicles and setting a record for annual auto sales. That's generating huge profits, with earnings tripling in the latest quarter to $3.2 billion and sales surging almost 20% compared with a year earlier.”

Talk about a roller coaster.
Toyota has certainly been on one.
The Motley Fool takes a look back at the company’s crazy ride.

“...over the past few years, Toyota has faced a sea of troubles: First, a recall scandal dented its previously formidable reputation for quality. Then, just as it was beginning to recover, a massive tsunami in northern Japan decimated its supplier network and left some of its assembly lines idled for months.”

In fact, Toyota just issued another recall.  NBC News reports....

“The latest problem involves 140,000 Toyota Tacoma pickups which, the maker says, could experience corrosion severe enough that their space tires could fall off while driving.  The announcement comes barely a month after Toyota revealed it would have to recall 7.5 million vehicles worldwide due to faulty power window switches that could catch fire ... It was the largest single recall in the maker’s history.”

Still, Toyota’s long-standing reputation of quality seems to be overshadowing its short-term issues.
Newser reports, this surge for Toyota is coming from none other than the good ol’ U. S. of A.

“...Toyota has sold 1.7 million cars and trucks, up an impressive 30%. That's 14.4% of the market, making Toyota the No. 1 brand here in retail sales …  a well-received lineup of 11 new or redesigned vehicles, including the Prius, seems to have overcome the negative headlines.”

Add to that the fact, Toyota has found a resurgence in a place which had recently gone cold - China.
Bloomberg reports...

“Toyota will introduce 20 new models to China in the next three years... Japanese automakers reported a plunge in China deliveries in September and October, as Chinese consumers shunned their cars after tensions escalated over the group of disputed islands known as Senkaku in Japan and Diaoyu in China.”

Shares of Toyota stock are up $20 per share from a year ago, now trading in the $85 per share range.

 

Despite Recalls, Toyota Recaptures Top Carmaker Title

by Jim Flink
0
Transcript
Nov 25, 2012

Despite Recalls, Toyota Recaptures Top Carmaker Title

BY JIM FLINK
ANCHOR  LOGAN TITTLE


Cue the music -- for the tune “On the Road Again.”  Or -- “back in the saddle again.”
Anyway you sing it, Japan’s Toyota Motor Company, is back in the high life.  
The Los Angeles Times’ Jerry Hirsch reports...

“Toyota is likely to sell 9.7 million vehicles this year, surpassing second-place General Motors Co. by more than 1 million vehicles and setting a record for annual auto sales. That's generating huge profits, with earnings tripling in the latest quarter to $3.2 billion and sales surging almost 20% compared with a year earlier.”

Talk about a roller coaster.
Toyota has certainly been on one.
The Motley Fool takes a look back at the company’s crazy ride.

“...over the past few years, Toyota has faced a sea of troubles: First, a recall scandal dented its previously formidable reputation for quality. Then, just as it was beginning to recover, a massive tsunami in northern Japan decimated its supplier network and left some of its assembly lines idled for months.”

In fact, Toyota just issued another recall.  NBC News reports....

“The latest problem involves 140,000 Toyota Tacoma pickups which, the maker says, could experience corrosion severe enough that their space tires could fall off while driving.  The announcement comes barely a month after Toyota revealed it would have to recall 7.5 million vehicles worldwide due to faulty power window switches that could catch fire ... It was the largest single recall in the maker’s history.”

Still, Toyota’s long-standing reputation of quality seems to be overshadowing its short-term issues.
Newser reports, this surge for Toyota is coming from none other than the good ol’ U. S. of A.

“...Toyota has sold 1.7 million cars and trucks, up an impressive 30%. That's 14.4% of the market, making Toyota the No. 1 brand here in retail sales …  a well-received lineup of 11 new or redesigned vehicles, including the Prius, seems to have overcome the negative headlines.”

Add to that the fact, Toyota has found a resurgence in a place which had recently gone cold - China.
Bloomberg reports...

“Toyota will introduce 20 new models to China in the next three years... Japanese automakers reported a plunge in China deliveries in September and October, as Chinese consumers shunned their cars after tensions escalated over the group of disputed islands known as Senkaku in Japan and Diaoyu in China.”

Shares of Toyota stock are up $20 per share from a year ago, now trading in the $85 per share range.

 

View More
Comments
Newsy
www3