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Toyota, which makes the Camry sedan and Lexus luxury models, apologized and suspended production on some models after acknowledging wide-ranging fraudulent testing, including the use of inadequate ...
An eligible Toyota employee who completed 15 years or more of service could qualify to receive two times their annual base pay in severance, according to paperwork given to employees and obtained ...
But Toyota suspended production of three models produced by group companies in Japan. Toyota’s stock prices had tripled over the last five years to nearly 3,800 yen ($24) before cascading ...
In January 2006, Toyota announced that the plant capacity would be expanded to produce 50,000 Tacoma pickup trucks, and 200,000 truck beds. The Tacoma truck beds are used for total Tacoma production. [2] As of January 2016, Toyota reports truck production capacity of 90,000, employing 1,100. [3]
Andrew Sorkin of The New York Times indicated that GM and Chrysler pay $10–20 more per hour than transplants; this was vigorously disputed by David Cole of the Center for Automotive Research. [21] [22] Average annual wages for production workers at the Big Three were $67,480 in 2007, and $81,940 for skilled workers.
Toyota continues to operate research and design centers in Michigan and in October 2017 opened a new Production Engineering and Manufacturing Center (PEMC) in Georgetown, Kentucky (about an hour from the former headquarters), to serve as the go-between for design and manufacturing. [3]
The world's largest automaker by sales volumes reiterated on Thursday its global production target of 9.3 million vehicles for the year ending in March, as well as its plan to sell 8.7 million ...
The Tundra was initially hailed as a revolutionary step forward for Toyota Trucks, winning the Motor Trend Truck of the Year award in 2008; [9] however the vehicle's reputation was marred by a recall of 15,000 units due to a mistake made by a supplier of a rear propeller shaft. [10]