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America's 10 Biggest Advertisers

Ad Age is out with its list of the 25 biggest advertisers in the United States. Here are the top 10 big spenders, and what all those advertising dollars do for their brands.

Toyota's Comeback Gains Momentum

Toyota's quarterly profit more than doubled in its latest quarter as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback.

America's Next Great Carmaker: Toyota?

Perhaps the most surprising recent news in the auto industry last week was this little gem. In large part owing to President Obama's negotiation of a free trade agreement with South Korea earlier this year, Toyota will be expanding exports of U.S.-built vehicles to Korea for sale.

The Government Reports Aren't an All-Clear for Toyota

The carmaker hoped findings from two federal studies would put to rest speculation about its electronics system as a source for unintended acceleration. But the results may not prove enough to give Toyota a leg up in its ongoing legal battles.

Toyota Fights Recall Woes and Stronger Yen

The Japanese automaker's bottom line is likely to have been affected by its continuing safety recalls, weaker U.S. sales and the rising value of the yen, which has made exports more expensive. Analysts forecast Toyota will report a quarterly profit of about $1 billion on sales of $56.2 billion.

Toyota Keeps Slim Lead Over GM Despite Recall Woes

Toyota managed to hold onto the title of world's No. 1 automaker last year, despite numerous safety recalls that took a toll on its sales. Toyota sold 8.42 million vehicles worldwide in 2010, enough to barely edge out resurgent General Motors, which rang up sales of 8.39 million.

Toyota Earnings Preview: Recalls May Hurt

When Toyota Motor reports quarterly earnings tomorrow it will give investors the latest snapshot of how big a toll massive recalls and tepid auto sales are taking on the company's bottom line.

Shareholders Sue Toyota Over Recall- Induced Stock Slide

Toyota may have repaired most of the cars it recalled for unintended acceleration problems, but it hasn't repaired its stock price, and U.S. shareholders have filed a class-action lawsuit against the automaker for failing to disclose what it knew about the defects.

Toyota: Unintended Acceleration Claims Are Down 80%

Toyota says complaints by its cars' unintended acceleration have dropped 80% compared to April, , as the world's largest automaker continues to make strides in repairing the nearly 8 million vehicles recalled in the U.S. to over sticky gas pedals and accelerators that get hung up on floor mats.

Toyota Wants 'Unintended Acceleration' Lawsuits Tossed

Toyota has asked a federal judge to dismiss hundreds of lawsuits over problems with unintended acceleration in its vehicles. The world's largest automaker says such complaints are based on anecdotes, and fail to identify specific defects, Bloomberg News reported.

Congress Accuses Toyota of Holding Back Information

Congress continues to press Toyota about what it knew when regarding unintended acceleration problems in its vehicles. Lawmakers are now seeking more information about the brake override feature that the automaker has begun installing on new cars and trucks to prevent the malfunctions.

Toyota Hopes to Restart Chinese Factory on Monday

Toyota said Thursday that an ongoing strike by workers at parts supplier Denso means its large plant in Guangzhou, China, will remain closed through the weekend. But a limited resumption of production at the parts plant is expected to allow Toyota to restart its assembly lines as soon as Monday.

Toyota Chief Breaks Silence, Apologizes for Recalls

Toyota President Akio Toyoda finally breaks his silence as the Japanese automaker struggles with massive recalls and serious damage to its reputation. At a Friday news conference, Toyoda apologized to customers for recalls involving some of its most popular models.

U.S. Opens Inquiry into Prius Braking Problems

The National Highway Traffic Safety Administration says it will look into reports that some Toyota Prius models suffer from momentary loss of braking power when encountering uneven road surfaces. The agency said it has received 124 complaints from consumers, including four involving crashes.

Toyota Admits Prius Brake Problems

Overshadowing a profit report for its fiscal third quarter, a Toyota official says "We are investigating whether there are defects in the Prius." The quarterly report covers a period before the gas-pedal recall and others, so the profit is likely to be short-lived as Toyota scrambles to make repairs and rebuild its reputation.

Toyota to Pay Dealers for Extra Work from Recall

Toyota is accelerating payments to its 1,200 U.S. dealers for their efforts to help soothe rattled owners of some 2.3 million Toyota cars that have been recalled for unintended acceleration. The company's U.S. sales division will provide payments of $7,500 to $75,000 to help reimburse retailers for extended hours, car washes and other services.

LaHood Makes Things Even Worse for Toyota

Though the Transportation chief quickly backed down from his initial advice that owners of recalled cars "stop driving" them, Toyota can only chalk this up as one more disaster. Still, it's scrambling to get cars fixed and will have plenty of explaining to do when it reports earnings this week.

Toyota Announces Its Gas-Pedal Plan

Toyota said Monday that it has begun shipping parts to its dealers to fix 2.3 million recalled cars with "sticky" accelerators and that it will begin sending letters to owners of the affected vehicles later this week. Many dealers will stay open extended hours, some around the clock, to repair the cars.

Toyota Dealers Have That Lonely, Sinking Feeling

The recalls could cost the company tens of millions of dollars, but what about it dealers? Some estimates put their loss as high as $2.5 billion a month. That's a lotta Tundras-full of cash. If the recall and production shutdown drag on for months, it's possible that some dealers may have to close.

Toyota Halts Sales of 8 Models

Toyota said Tuesday it was suspending U.S. sales of eight recalled vehicle models to fix accelerator pedals that stick, the latest quality problem to...