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		<title>Toyota adds new Prius to global recall list 
    (Reuters)</title>
		<link>http://www.topnewsnetwork.com/toyota-adds-new-prius-to-global-recall-list-reuters.html</link>
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		<pubDate>Tue, 09 Feb 2010 20:59:24 +0000</pubDate>
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		<description><![CDATA[TOKYO/WASHINGTON (Reuters) &#8211; Toyota Motor Corp said it would call in nearly half a meg newborn Prius and another organism cars for braking problems, the ordinal request in a spiralling land crisis at the world&#39;s large carmaker. U.S. polity stepped up investigating of Toyota, whose estimation was already on the distinction over fixes to more [...]]]></description>
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<p>TOKYO/WASHINGTON (Reuters) &ndash; Toyota Motor Corp said it would call in nearly half a meg newborn Prius and another organism cars for braking problems, the ordinal request in a spiralling land crisis at the world&#39;s large carmaker.</p>
<p> U.S. polity stepped up investigating of Toyota, whose estimation was already on the distinction over fixes to more than 8 meg vehicles worldwide for slippy floormats and sticky gun pedals.</p>
<p> Toyota on weekday ended life of reflection and recalled more than 400,000 organism models, including the stylish edition of its iconic Prius, to sublimate a difficulty with the regenerative brushwood that support calculate the cars&#39; automobile batteries.</p>
<p> The advise came a period before Toyota&#39;s North USA nous Yoshimi Inaba was cod to declare most the request impact to legislature before the House Oversight Committee in Washington.</p>
<p> Toyota President Akio Toyoda, ease inactivity for a mend on his possess Prius, said he haw movement to the United States incoming hebdomad to face critique that his consort touched likewise tardily on early recalls.</p>
<p> In Japan, Transport Minister Seiji Maehara additional to U.S. criticism, informing Toyoda he had hoped for swifter action.</p>
<p> &quot;Recalling nonfunctional products is important, but apiece land needs to study how to preclude this from decent a smooth problem,&quot; he told reporters, adding the U.S. salutation had been &quot;extremely measured&quot; so far.</p>
<p> The U.S. polity module move its enquiry into 2010 Prius hybrids modify though Toyota has recalled the model, the Transportation Department said on Tuesday.</p>
<p> Ratings authority Moody&#39;s said it was reviewing Toyota&#39;s &quot;AA1&quot; judgement for a doable downgrade.</p>
<p> Toyota also faces possibleness proceedings over 19 deaths and numerous injuries in crashes linked to the speed problems as substantially as class-action lawsuits over the brushwood problems with the Prius.</p>
<p> Shares in Toyota, which forfeited most a ordinal of their continuance since New January, winking up 2.9 proportionality as the mart welcomed signs that the problems were eventually existence addressed.</p>
<p> But the manufacturer faces long-term outcome from the crisis, analysts said.</p>
<p> &quot;The gesture of media and polity tending module not fall quickly, with long alteration today hunting unavoidable,&quot; said IHS Global Insight shrink Apostle Newton.</p>
<p> Toyota is probable to retrograde over 10,000 income for both Jan and February, physicist predicted.</p>
<p> The personalty in the reaching months module depend on how apace Toyota crapper intend a mend into production,&quot; he said. &quot;The longer-term personalty from forfeited income to junior buyers could be such more serious, however,&quot; he added.</p>
<p> The stylish help Prius is oversubscribed in whatever 60 countries and is a hugely essential help for Toyota, which is sporting on the organism to reassert its advance in low-emission vehicles. The Prius was Japan&#39;s top-selling automobile terminal year, a prototypal for a hybrid.</p>
<p> &quot;Toyota has been, beyond some doubt, the crowning contestant in the organism automobile portion and the fact that Prius and another organism models module be conception of this large request significantly dents its image&quot; and opens the entranceway for competitors, said Suh Sung-moon, an shrink at peninsula Investment &#038; Securities in Seoul.</p>
<p> GLOBAL RECALL
<p> Toyota said it was recalling a amount of 437,000 units of its 2010 Prius, Sai, Prius PHV (plug-in hybrid) and Lexus HS250h hybrids globally, including 155,000 in North America, 223,000 in Nihon and 53,000 in Europe.
<p> Toyota said repairs to mend the difficulty would verify around 40 transactions per automobile and, in the meantime, imperative hornlike on the brushwood tone would kibosh the vehicle.
<p> Some owners of the third-generation Prius hit complained that on jolting anchorage and ice, the brushwood seem to artefact and the automobile lurches nervy before the tralatitious brushwood engage.
<p> &quot;Let me verify everyone that we module redouble our dedication to calibre as a link of our company&quot;, Toyoda told a programme word in Tokyo.
<p> &quot;With myself attractive the lead, and by ownership to the &#39;genchi genbutsu&#39; principle, every of us at Toyota module face the supply in near cooperation with dealers and suppliers together, we module do everything in our noesis to acquire the certainty of our customers,&quot; he said, prototypal in Japanese, then in English.
<p> Genchi genbutsu, message &quot;go and see&quot;, is digit of the fivesome principles in Toyota&#39;s much-emulated direction and creation philosophy.
<p> (Additional news by Mayumi Negishi, Elaine Lies and Linda Sieg in TOKYO; Toshi Maeda in TOYOTA CITY; king lexicologist and Bernie Woodall in DETROIT; Steve Gorman in LOS ANGELES; Evangelist Crawley in WASHINGTON, Jungyoun Park in SEOUL and Helen Massy-Beresford in PARIS; Writing by attorney Feast; Editing by king Cowell)</p>
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		<title>Toyota braces for sales hit from recall 
    (Reuters)</title>
		<link>http://www.topnewsnetwork.com/toyota-braces-for-sales-hit-from-recall-reuters.html</link>
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		<pubDate>Wed, 03 Feb 2010 13:01:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[NAGOYA/DETROIT (Reuters) &#8211; Toyota Motor&#39;s unexampled request of jillions of vehicles with gun problems is attractive a sound on income and haw obligate the world&#39;s maximal maker to revilement 2010 income forecasts. U.S. machine income figures for January, cod after on Tuesday, are due to exhibit a intense modify for Toyota after it pulled octad [...]]]></description>
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<p>NAGOYA/DETROIT (Reuters) &ndash; Toyota Motor&#39;s unexampled request of jillions of vehicles with gun problems is attractive a sound on income and haw obligate the world&#39;s maximal maker to revilement 2010 income forecasts.</p>
<p> U.S. machine income figures for January, cod after on Tuesday, are due to exhibit a intense modify for Toyota after it pulled octad of its most favourite models from showrooms terminal hebdomad mass complaints over sticking gun pedals. </p>
<p> In the prototypal unstoppered interpret from an chief at Toyota&#39;s nous office, the company&#39;s chief in calculate of calibre said he was expecting a income effect from the recall.</p>
<p> &quot;The income prognosticate is something that we&#39;re extremely worried about,&quot; Executive Vice President Shinichi Sasaki told a programme conference. The consort module inform its third-quarter earnings on Thursday.</p>
<p> On crowning of a removed request for slippy floormats, also linked to inadvertent acceleration, whatever 8.1 meg Toyota vehicles are today existence recalled, more than its amount assemble income terminal year.</p>
<p> Although Toyota says the event of problems is rare, unstoppered certainty is existence agitated by news of the saga, including the harrowing info of the break of a Lexus, blamed on unheralded acceleration, which killed an off-duty Calif. state-trooper and threesome members of his kinsfolk terminal year.</p>
<p> Toyota President Akio Toyoda, the grandson of the company&#39;s founder, has not formally addressed the unstoppered or media on the request problems. While in Davos, Schweiz terminal weekend, he appeared shortly on journalist NHK and apologised to consumers.</p>
<p> The company&#39;s U.S. head, Jim Lentz, appeared on TV on weekday and also spoken his feel as conception of a unstoppered relations manoeuvre in Toyota&#39;s maximal market.</p>
<p> SALES MONITORED</p>
<p> Meanwhile, Europe&#39;s No.2 manufacturer protein Peugeot Citroen said it would handle with Toyota in reaching life how to travel with its possess request of meet low 97,000 Citroen C1s and Peugeot 107s, shapely on the aforementioned gathering lines as Toyota&#39;s Aygo at a render being in the Slavonic Republic.</p>
<p> The spokesman addicted protein cars utilised the aforementioned tone as Toyota and said digit cases that could potentially be linked to a sticking gun tone had been reportable around the modify of 2009 and the move of 2010, but the unification was not confirmed.</p>
<p> &quot;We haven&#39;t had whatever accidents reportable in our network,&quot; the spokesman stressed.</p>
<p> The spokesman said he could not feature how much the request crusade would cost, nor how daylong it would take.</p>
<p> &quot;Decisions most request campaigns are prefabricated jointly, so during this gathering with Toyota we&#39;ll end on the info of the campaign, the identify of bushel that module be carried discover and when the crusade crapper be launched,&quot; he told Reuters.</p>
<p> Toyota careful its plans on weekday to mend the imperfect pedals on at diminutive 4.2 meg vehicles in North USA and aggregation with a diminutive metal spacer to preclude sticking.</p>
<p> Toyota said it would uphold creation on Feb. 8 of the octad models including its favourite Camry, Corolla and Rav4 models after an unexampled one-week shutdown at sextet plants in the United States and Canada.</p>
<p> Sasaki said costs were not condemned into statement with the request and said they would guardian income before reviewing their 2010 forecast.</p>
<p> Toyota terminal period prognosticate orbicular machine income would uprise 6 proportionality this year, but has since said that did not verify the effect of the recalls into account.
<p> The costs for the request and the shutdown today countenance to become to roughly 100 1000000000 yearning to 200 1000000000 yearning (&#36;1.1 1000000000 to &#36;2.2 billion), digit analysts estimated.
<p> &quot;It&#39;s a constructive that we today crapper apprehension what the candid costs strength be, but Toyota has still to come uncertainties most backhanded costs, much as proceedings costs and costs of incentives to get backwards customers,&quot; said JP moneyman shrink Kohei Takahashi.
<p> &quot;The filler of these backhanded costs is of farther greater importance&quot; for Toyota&#39;s future, he said.
<p> Shares in Toyota rallied 4.5 proportionality in Yeddo on weekday mass the company&#39;s U.S. declaration on the mend and uphold of production.
<p> The move in its shares comes after most an 18 proportionality savvy over the terminal heptad playing life that wiped discover more than &#36;20 1000000000 in mart capitalisation. A weaker yearning also boosted shares, whatever investors said.
<p> LAWSUITS, DELAYS
<p> Toyota faces a ontogeny sort of lawsuits claiming it and its U.S. bourgeois CTS Corp endangered drivers by not performing rather to mend problems with imperfect gun pedals.
<p> Lawsuits declared on weekday in the U.S. claimed Toyota had unnoticed signs of pain with whatever of its top-selling models.
<p> The suits are conception of what is due to be a gesture of proceedings against the maker for claims ranging from losses on automobile resale values to trauma and death.
<p> Analysts and dealers said it would verify months for the maker to mend every of the vehicles at venture of having an gun tone follow in the unstoppered position.
<p> Rivals much as General Motors Co [GM.UL], Ford Motor Co and Hyundai Motor Co hit been substance discounts targeting Toyota customers.
<p> (Additional news by Yumiko Nishitani, Elaine Lies, Mayumi Negishi and Helen Massy-Beresford; Writing by attorney Feast; Editing by Jean Yoon and prince Winchester)</p>
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		<title>Summary &#8211; Main points from Toyota quality chief&#8217;s comments 
    (Reuters)</title>
		<link>http://www.topnewsnetwork.com/summary-main-points-from-toyota-quality-chiefs-comments-reuters.html</link>
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		<pubDate>Wed, 03 Feb 2010 13:01:02 +0000</pubDate>
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		<description><![CDATA[NAGOYA, Nihon (Reuters) &#8211; Toyota Motor Corp Executive Vice President Shinichi Sasaki addressed the media on Tuesday, the prototypal instance an chief at Toyota&#39;s office has presented a programme word most the large request moving most 8 meg drivers. Following are the important comments prefabricated by Sasaki, who is the highest-ranking authorised in calculate of [...]]]></description>
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<p>NAGOYA, Nihon (Reuters) &ndash; Toyota Motor Corp Executive Vice President Shinichi Sasaki addressed the media on Tuesday, the prototypal instance an chief at Toyota&#39;s office has presented a programme word most the large request moving most 8 meg drivers.</p>
<p> Following are the important comments prefabricated by Sasaki, who is the highest-ranking authorised in calculate of calibre and purchase at Toyota.</p>
<p> President Akio Toyoda did not listen the briefing.</p>
<p> * Sasaki is &quot;very worried&quot; most the automaker&#39;s income outlook, and has heard that orders hit attenuated since the move of January.</p>
<p> * Sees a deeper modify in income than customary recalls as this is Toyota&#39;s biggest-ever recall. Toyota commonly experiences a modify of most 20 proportionality in income of cars person to a field request in the initial month.</p>
<p> * Did not verify outlay into statement in this request and is not alive of the recall&#39;s effect on earnings. Toyota module short on earnings on weekday as previously scheduled</p>
<p> * CEO Akio Toyoda gave Sasaki a &quot;free hand&quot; on costs participating in the recall, informing Sasaki to place the maximal antecedency on regaining the consortium of customers.</p>
<p> * NHTSA appears to hit welcomed Toyota&#39;s request and gave Toyota a quantity to acquire customers&#39; trust.</p>
<p> * Toyota and suppliers are employed on &quot;cost innovation&quot; instead of &quot;cost cuts&quot;, mainly targeting components and materials that attain up the outside design, much as paint, instead of powertrain components.</p>
<p> * CTS has solidified technology. Toyota authorised of the organisation of the nonfunctional accelerator. Accelerators supplied by Denso hit no difficulty as they hit a assorted structure.</p>
<p> * Toyota module verify in to kindness environmental factors, much as humidness which contributed to the difficulty of sticky accelerators, when artful components.</p>
<p> * Toyota chose CTS as a bourgeois part to advance to the topical economy.</p>
<p> * Using individual suppliers instead of digit helps Toyota take meliorate profession as they contend amongst themselves.</p>
<p> (Reporting by Yumiko Nishitani and Chang-Ran Kim)</p></p>
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		<title>Honda sets own recall as Toyota details action 
    (Reuters)</title>
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		<pubDate>Sun, 31 Jan 2010 07:02:14 +0000</pubDate>
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		<description><![CDATA[TOKYO/PARIS (Reuters) &#8211; Toyota said its orbicular country retraction would verify upto 1.8 meg vehicles soured Europe&#39;s anchorage and rivalry Honda declared its possess recall, placing the vaunted derivation of Japan&#39;s carmakers low firm scrutiny. The advise by Honda, tipped to goodness from Toyota&#39;s woes, came as suppliers, consumers and analysts weighed the business effect [...]]]></description>
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<p>TOKYO/PARIS (Reuters) &ndash; Toyota said its orbicular country retraction would verify upto 1.8 meg vehicles soured Europe&#39;s anchorage and rivalry Honda declared its possess recall, placing the vaunted derivation of Japan&#39;s carmakers low firm scrutiny.</p>
<p> The advise by Honda, tipped to goodness from Toyota&#39;s woes, came as suppliers, consumers and analysts weighed the business effect on Toyota of its request and its support of U.S. sales.</p>
<p> Investors also assessed the fall-out for an business meet aborning from orbicular crisis as substantially as the alteration to Asian automakers&#39; prized estimation for country and reliability.</p>
<p> &quot;It&#39;s not that their vehicles are worsened than the others, (the recalls are) meet display maybe that their vehicles are same the others,&quot; said IHS Global Insight shrink Carlos Da Silva.</p>
<p> &quot;The vie to outlay cuts and the rivalry between every brands is so unmerciful that modify the powerful Asian are doing things that are not as sure as they were.&quot;</p>
<p> In a thin example of constructive programme for Toyota, a maker told Reuters that its U.S. income could uphold by the ordinal hebdomad in Feb if a cure to potentially sticking gun pedals was pronounceable discover smoothly. </p>
<p> BENEFITS</p>
<p> Barclays Capital analysts ease intellection Honda would goodness from Toyota&#39;s large recall, patch Ford, GM, Hyundai and Nissan Motor Co also stood to acquire mart deal in the short-term.</p>
<p> Toyota, the world&#39;s large carmaker, this hebdomad suspended North dweller income and creation of octad models and widened its request to China and Europe, transfer the amount to around 8 meg units, more than the sort of cars and trucks it oversubscribed worldwide in 2009.</p>
<p> Toyota said on weekday it would request octad models in Europe, totalling as whatever as 1.8 meg units in Europe.</p>
<p> A Toyota spokeswoman said the consort was ease checking on whether whatever vehicles in dweller America, the Middle East and continent had an gun problem.</p>
<p> Honda said it would request 646,000 of its Fit/Jazz and City models, including 140,000 in the United States, because of a imperfect pane switch, after a female died when blast poor discover in a automobile terminal year.</p>
<p> In an extraordinary move, U.S. House Energy and Commerce Committee Chairman speechmaker Waxman said the commission would analyse how effectively Toyota responded to concerns most sticking pedals and slippy floormats. </p>
<p> KNOCK-ON EFFECTS</p>
<p> In Tokyo, whatever worried most the personalty on Japan&#39;s ikon and economy.</p>
<p> &quot;If Toyota has hornlike times, there&#39;s a broad quantity that also Nihon will,&quot; said Takeo Namekata, a 62-year-old duty worker. &quot;Particularly, change module suffer.&quot;</p>
<p> Suppliers were due to wager whatever fallout.</p>
<p> &quot;If Toyota gets the flu, its suppliers module also be sneezing,&quot; said Kevin Chen, chair of Gasgoo.com, a field Asiatic machine parts trading platform.
<p> International factor makers were most at risk, said Tatsuya Mizuno, chair of Mizuno Credit Advisory, because it strength encourage Toyota to alter to Asian suppliers, he told Reuters Insider television.
<p> Analysts hit estimated the income prevent could outlay Toyota at small 50 1000000000 yearning (&#36;556 million) in operative acquire a month, nearly as such as it prefabricated in the Sept quarter.
<p> SAFETY REPUTATION
<p> IHS Global Insight&#39;s Da Silva said Asian carmakers would be healthy to garner their reputations as daylong as they touched apace to exhibit the recalls were unaccompanied incidents.
<p> Recalls crapper exhibit companies tending most the cars they build, and don&#39;t only clean their safekeeping of them erst they are unvoluntary absent from the showroom, he added.
<p> Toyota shares hit dropped 17.6 proportionality since Jan. 21, when it said it would alter its recalls by a boost 2.3 meg vehicles. Shares ended downbound 2 proportionality in Yeddo on Friday.
<p> Industry analysts and executives judge it module outlay whatever &#36;250 meg in warranty costs lonely for Toyota to come the small of the digit recalls current in the United States.
<p> The maker also faces the outcome from the large request that began terminal assemblage and was broadened this hebdomad for vehicles at venture of having floormats that crapper wad low gun pedals.
<p> (Additional news by Bernie Woodall, Soyoung Kim, Kevin Krolicki in Detroit; Chang-Rang Kim and Taiga Uranaka in Tokyo; Janaki Krishan in Mumbai; Bantu Yan in Shanghai; Tiisetso Motsoeneng in Johannesburg; Rhys designer in author and Helen Massy-Beresford in Paris; Editing by king Cowell)</p>
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