Toyota has always enjoyed the market leader position for quite a while now. In the US automotive industry, Toyota ranks second after General Motors. For their quest to achieve position 1, Toyota has invested millions of US dollars on the latest Tundra. Toyota has reported its first quaterly loss since 1950.
Toyota has recalled 3.8 million vehicles that owing to the floor-mat of Tundra. Owners complain their early model Tundras are rusting away. The floor-mats could cause accelerators to get stuck and lead to a crash. The recall will involve popular models such as the Toyota Camry, the top-selling passenger car in America, and the Toyota Prius.
Toyota Prius sales went on a Dow Jones-like roller-coaster ride after ’08’s $4.50 per gallon gas gave way to the collapse of Lehman Brothers and the subsequent Great Recession. Sales fell hard early this year, only because Toyota was ramping down supplies of the old model to make way for the new Prius. The new one certainly will set new hybrid sales records.
One thing Toyota won’t be doing is shutting factories. While General Motors (GM) is laying off thousands of workers, Watanabe says it’s too early for Toyota to be closing plants, despite a capacity worldwide to produce 10 million cars a year—3.5 million more than Toyota’s sales projection for the year ahead.
Toyota president, Akio Toyoda is quoted saying, “the World’s Number One Automaker is grasping for salvation”. The bigegst automotive winner has enough brains and cash to wade through the tough waves in this critical times. Toyota must be learning the hard way of how lonely it can be at the top.
For information on Toyota cars, check the Toyota cars hub. Search for all new and used Toyota cars for sale on Auto Trader. Below list will be helpful to look for specific used Toyota models.
- Used Toyota Corolla
- Used Toyota Celica
- Used Toyota Prius
- Used Toyota Rav 4
- Used Toyota Land cruiser
- Used Toyota Yaris
- Used Toyota MR2
- Used Toyota Hilux
- Used Toyota Avensis
- Used Toyota Aygo
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