BUSINESS
By Lorraine Mirabella and Jamie Smith Hopkins and Baltimore Sun reporters | March 3, 2010
The tempest might continue for Toyota's corporate leaders for months if not years to come, but Maryland car dealerships are endeavoring to move on. After a two-week sales shutdown of some of Toyota's top models following the unprecedented recall of more than 8 million vehicles, dealerships are completing repairs and starting to see buyers back in the showrooms. To spur sales, they are offering financing deals and taking steps to reassure consumers. Steve Smeltzer, owner of Jones Junction, a Toyota dealer in Bel Air, said he was pleasantly surprised to sell 20 new Toyotas on Saturday, attributing the sales rebound to intractable loyalty to the brand and to pent-up demand.
NEWS
February 7, 2010
Toyota has told dealers it is preparing a plan to repair the brakes on thousands of hybrid Prius cars in the United States. In a message sent Friday night to dealers, a Toyota group vice president, Bob Carter, said the company is working on a plan and will disclose more details early this week. More than 100 drivers of 2010 Prius cars have complained that their brakes seemed to fail momentarily when they were driving on bumpy roads. The U.S. government says the problem is suspected in four crashes and two minor injuries.
BUSINESS
By New York Times News Service | August 4, 2007
TOKYO -- Toyota Motor reported a 32 percent rise in quarterly profit yesterday, continuing a streak of record earnings as the Japanese car company overtakes General Motors as the world's largest automaker. Toyota also said it expects its sales in the all-important North American market to remain as strong as they were last year, despite a sales drop last month and broader concerns of a possible U.S. economic slowdown. Toyota said it saw brisk sales during the April-June quarter in the United States, where high pump prices raised the popularity of high-mileage vehicles like Toyota's Prius, a gasoline-electric hybrid, and RAV4, a small sports utility vehicle.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | February 15, 2013
Attorneys General in Maryland and 29 other states have reached a $29 million settlement with Toyota Motor Corp. designed to strengthen protections for consumers impacted by safety defects and prevent miscommunication over faulty equipment. Toyota had failed to warn consumers in a timely manner about known problems with unintended acceleration caused by sticky accelerator pedals and floor mat pedal entrapment, according to a complaint filed Thursday by the Maryland AG's Consumer Protection Division.
BUSINESS
By Kim Clark and Kim Clark,Sun Staff Writer | June 11, 1994
An African-American who was fired from his management trainee job at Central Atlantic Toyota Distributors Inc. has sued the Baltimore-based company for race discrimination.Clint Ramsey, a 27-year-old graduate of Howard University, filed a $10 million suit in Baltimore's federal District Court this week alleging the Japanese-owned company has a "policy, practice and custom of discriminating" against blacks.James Olson, spokesman for Central Atlantic's owner, Toyota Motor Sales USA Inc., yesterday called the suit "frivolous."
BUSINESS
By BLOOMBERG NEWS | November 2, 2005
Toyota Motor Corp. reported an increase in U.S. auto sales in October as General Motors Corp. and Ford Motor Co. posted declines, accelerating the Japanese company's push to become the world's largest carmaker. Toyota, the world's No. 2 automaker by sales behind GM, said yesterday that U.S. consumers bought 1.3 percent more of its cars and trucks in October compared with a year earlier. GM said its U.S. sales fell 22.7 percent in October from a year ago. Ford reported sales down 23 percent.