The crisis at Toyota stemming from the massive recall of some of its vehicles is prompting other manufacturers that adopted its production system to ask whether the incident reveals a fundamental flaw in the Toyota Way.
Suppliers were the winners in the final quarter of 2009 thanks to Norway’s Kongsberg Automotive Holding ASA and France’s Valeo SA. The shareholder value for European partsmakers increased 7.
On the day President Akio Toyoda finally decided to face the public about his company’s exploding quality crisis — his first appearance since October — he had an epiphany.
Toyota Motor Corp., facing fresh complaints about momentary brake slippage in its Prius hybrid, now plans to recall the car in about 60 countries, including the United States, a Japanese media report said.
Opel is arm-wrestling with workers over a restructuring plan, with labor accusing managers of sneaking in extra job cuts as they race to get the plan signed before cash runs out.
European nations need to coordinate their efforts to make sure that their automakers can compete with Asian peers after incentives run out, European transport commissioner Antonio Tajani said.
Once Li Shufu, head of China’s Zhejiang Geely Holding Group, closes the deal to buy Ford Motor Co.’
BMW AG has forecast a modest rise in car sales this year and confirmed it expected a 2009 pretax profit despite the global economic crisis.
Deutsche Bank has launched a 300 million euro ($417.4 million) fund to support the so-called “Mittelstand” — small and mid-sized German companies — with low-cost equity they can use to weather the financial crisis.
Former Nissan Europe sales boss Christian Meunier will move from the U.S. to head the automaker’s Brazilian operations, effective April 1. Currently, Meunier, a Frenchman, is marketing boss for Nissan brand in the United States.
