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Toyota Suspends China Plant After Quake
TOKYO/SHANGHAI (Reuters) - Toyota Motor Corp on Monday suspended production at a 13,000-units-a-year joint venture plant in Chengdu, southwestern China, after a powerful earthquake struck, killing at least 107 people. A spokeswoman in Tokyo said operations at the factory, held ...
Toyota Suspends China Factory After Quake
TOKYO (Reuters) - Toyota Motor Corp on Monday suspended production at a 13,000 units-a-year joint-venture factory in Chengdu, southwestern China, after a powerful earthquake struck, killing at least 107 people. A spokeswoman in Tokyo said operations at the factory, held ...
Toyota Shares Slide After Bleak Profit Forecasts
By Chang-Ran Kim and Sachi Izumi TOKYO (Reuters) - Shares in Toyota Motor Corp skidded on Friday after the world's biggest automaker forecast its first annual net profit decline in seven years as it faces a triple blow of a stronger yen, rising...
Toyota Fourth-quarter Falls as Strong Yen, Weak U.S. Weigh
TOKYO (Reuters) - Toyota Motor Corp posted a 28 percent fall in quarterly net profit on Thursday, hit by a stronger yen and finance-related losses, and forecast its first annual profit drop in seven years as the U.S. auto market ...
Toyota to Buy Back Rusted Tacomas
DETROIT (Reuters) - Toyota Motor Corp has offered to buy back Tacoma pickup trucks with frames rusted beyond repair and to extend the warranty on over 800,000 of the vehicles in North America. The unusual customer-service action comes amid slumping ...
Toyota Recalls 90,000 Highlanders Over Seat Belts
DETROIT (Reuters) - Toyota Motor Corp is recalling 90,000 model year 2008 Highlander and Highlander hybrid sport utility vehicles due to potential problems with securing child safety seats in third row seats. The locking mechanism on the seat belts apparently cannot ...
Toyota U.S. Sales Down 4.5 Percent
DETROIT (Reuters) - Toyota Motor Co on Thursday reported a 4.5 percent fall in April U.S. auto sales to 217,700 vehicles after adjusting for two more selling days in the month compared with the same month a year earlier. Toyota said its...
The Why, What, and How of Management Innovation
The Idea in Brief Breakthroughs in your company's management processes--such as creation of intellectual property, brand building, talent development--deliver potent competitive advantages. By perfecting the industrial research laboratory, for example, General Electric won more patents than...
The Middle Market: An Unglamorous Opportunity
The middle market is that great area where customers on the low end of the income scale aspire to shop, and where high-end spenders fear to fall. Think Sears, T.J. Maxx, and Applebee's as prototype mid-market players. Harvard Business School marketing professor John Quelch thinks the middle...
Deep Smarts
The Idea in Brief It takes years for your company's best people to acquire their expertise--but only seconds for them to walk out the door when opportunity beckons. And when they go, they take their...
Does Detroit Matter?
I'm in Detroit this week, so let me pose the question to my readers, who appear to be very sharp and technology-oriented: does the survival of an American-owned auto industry matter to the American economy and its technology sector? I think many of you will answer "no."...
Does R&D Bring ROI?
Not to get all Zen on you, but, what is the value of R&D? IEEE SPectrum has its 5th annual R&D 100 spenders, which looks at the world's top investors in R&D. It also examines what it calls 'R&D Intensity,' a measure of R&D spending as a...
Learning to Lead at Toyota
The Idea in Brief Many companies try to emulate Toyota's vaunted production system (TPS), which uses simple real-time experiments to continually improve operations. Yet few organizations garner the hoped-for successes Toyota consistently achieves: unmatched quality,...
The "Toyota Way" on Trial; Must Quality Sacrifice Quantity?
Even with the strongest commitment to ethical practices, executives can operate without integrity -- perhaps because of greed, maybe due to pressure, or most likely, from a combination of both. Research shows that pressure weighs most heavily. A 2006 study commissioned by the American Management Association and Human...
Learning to Lead at Toyota
Learning to Lead at ToyotaToyotaI worked at the UK plant from the beginning in 1992 for over 3 years; my background was not from the car industry.Some of my colleagues who were traditionalists from other UK car manufacturers followed the old adage of "If it ain't broke, don't fix it"...
Toyota,%20Hypocrisy%20and%20Green%20PR
Toyota,%20Hypocrisy%20and%20Green%20PRToyota and CafeToyota has publicly called on Congress to pass up to a 40% increase in CAFE by 2022, NOW. That’s an increase comparable to other competing, but far less technologically feasible, proposals.The critics say the objective “to stop their lobbying..."But we do not intend to let the political...
Toyota, Hypocrisy and Green PR
We've written about how green initiatives at your company can be good for the long-term bottom line and, of course, how they aren't bad for PR either. Of course, sometimes they really are. Especially when you are caught talking out of both sides of your mouth, as Toyota was last...
The Secrets to Toyota's Success
Toyota's set an ambitious sales target (planning to trump GM's 1978 record of 9.55 million vehicles sold) but according to analysts, the goal is attainable. What's the secret to Toyota's success? Some people say long-termism. The Prius wasn't immediately profitable for Toyota, but the company saw down the road to an...
How to Win at Office Politics
Like it or not, every workplace is a political environment. But operating effectively within it doesn’t have to mean sucking up, lying, or slinging dirt. In its purest form, office politics is simply about getting from here to there: securing a promotion, seeing an idea come to fruition, or gaining...
Daily Dispatch: Blackstone Group, Toyota, BP, U.S. Economy
Blackstone Group had the sixth-richest IPO in U.S. history today, with stock prices spiking more than 20 percent. Excitement about the private-equity industry helped boost the share prices, despite criticism of the lavish incomes of the group's executives, who will receive the bulk of the income from the...
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