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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.

October Car Sales Point to an Auto Rebound

Buoyed by consumers' increased confidence in the U.S. economy, automakers with few exceptions reported higher sales of cars and trucks in the U.S. during October compared to a year ago.

Toyota Wants Lawsuits Thrown Out

=Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is wrong with Toyota's cars, if anything.

October Auto Sales: Is the Market Improving?

Automakers on Wednesday are expected to report a mixed picture for October: mostly better than a year ago, but down slightly from September. Still, the pace appears strong enough that the upper end of full-year sales forecasts of 11.5 million to 12 million units is reachable.

To Topple Toyota, Volkswagen Must Accelerate in the U.S.

VW has set a hefty goal for itself: to displace Toyota as the world's No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to really ramp up sales in the American market.

Toyota Denies New Unintended Acceleration Claims

Toyota Motor is once again defending itself against claims that it sought to cover up vehicle defects after it reportedly bought back cars that accelerated unintentionally but failed to disclose the problem to federal safety officials.

GM Vehicles Rise in Consumer Reports' Latest Quality Survey

Although Honda and Toyota remain the benchmark of reliability in the U.S. automobile industry, General Motors has made considerable strides in improving the quality of its cars and trucks, according to the magazine's 2010 Annual New Car Reliability Survey.

Toyota Recalls 1.5 Million Vehicles Worldwide

Toyota Motor is issuing another recall -- this time it involves 740,000 cars and sports-utility vehicles in the U.S. and nearly 600,000 units in Japan to repair a seal on the vehicles' brake master cylinder that may leak fluid and impair braking performance.

Will Toyota Build a Second Mexico Plant as Yen Surges?

Toyota may build another factory in Mexico to produce small cars as the world's largest automaker shifts more capacity outside Japan to remain competitive. The yen's strength on world markets is said to be prompting the move.

Auto Industry Cruises on Slow, Steady Demand

Though vehicle sales have underperformed some analyst expectations in recent months, results are much improved compared to those of a year ago. The industry is seeing a broad trend that is benefiting nearly all automakers.

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.

September Auto Sales: Don't Expect Much Sizzle

Overall demand for new cars and trucks, while better than a year ago, is likely to be lower than that recorded in August, itself an unimpressive month. That would mean auto sales are stuck in a four-month-long rut.

Ford May Shutter 200 Lincoln Dealerships

In a bid to better compete against European and Japanese luxury makes, Ford reportedly may seek to reduce the number of Lincoln dealerships in the U.S. Nearly 1,200 dealers sell Lincolns, five times more than sell Toyota's Lexus nameplate, the nation's leading luxury brand.

Ford May Reduce Lineup to as Few as 20 Models

Ford may reduce the number of models its sells to as few as 20, CEO Alan Mulally said Monday. "Fewer brands means you can put more focus into improving the quality of engineering," he said. The second-largest U.S. automaker has been surging ahead in both sales and honors over the past year.

Dogged By Weak Economy, August Auto Sales Slump

As expected, automakers Wednesday reported sluggish sales for August. The nation's anemic economic recovery kept consumers away from dealerships, despite generous end-of-model-year incentives on the part of many manufacturers.

August Auto Sales May Be the Worst in 28 Years

Auto sales braked sharply in August, starting out strong, then slowing to a level that may be the lowest in 28 years. The slowing economy made nervous consumers hesitant to buy, despite the bevy of end-of-model-year deals.

Tesla Preparing to Ship Electric Car Prototypes to Toyota

Toyota Motor's recent $50 million investment in electric-car upstart Tesla Motors is already paying dividends. Tesla reportedly will ship two prototypes, based on Toyota's RAV4 sport utility vehicle and Lexus RX crossover, to the Japanese automaker later this month.

Fewer New Car Buyers Are Switching to Toyota

After a series of recalls, Toyota is attracting fewer car owners who drive other brands, despite generous incentives and a massive media campaign to address concerns about quality. Nearly half of all new cars sold at Toyota dealerships this year included a Toyota trade-in, up from 42% in 2009.

Toyota Hits the Brakes on New Car Development

Acknowledging that "fast growth of the past decade has been too much in some areas for the company to keep up with," a Toyota VP says the carmaker will extend product development by four weeks and add 1,000 engineers to quality control.

Toyota Knew of Lexus Flaw Years Ago

Toyota is facing new accusations that it dragged its feet in issuing a recall. The world's largest auto company recently recalled 270,000 Lexus sedans to fix faulty valve springs that could cause the cars' engines to stall while they are in motion -- a problem it has known about since 2007.

Toyota to Recall 270,000 Lexus Cars

Toyota will begin recalling 270,000 luxury Lexus cars on Monday to fix a problem that causes the vehicles' engines to stall, the company said Friday in Japan, adding to its already lengthy list of recalls this year.

Another Toyota Recall: 270,000 Vehicles Have Faulty Engines

Toyota Motor Corp. said Thursday about 270,000 cars sold worldwide %u2014 including luxury Lexus sedans %u2014 have potentially faulty engines, the latest quality lapse to hit the automaker following massive global recalls of top-selling models. Japan's top-selling daily Yomiuri said in its evening edition that Toyota will inform the transport ministry of a recall on Monday. The paper cited no sources.

Consumer Reports Lifts 'Don't Buy' Rating on Lexus SUV

Consumer Reports has lifted its "Don't Buy" rating on the Lexus GX 460 SUV less than a month after it warned of handling problems, following new tests that showed recall work corrected the problem. The magazine said Friday the vehicle passed its tests after a Lexus dealer updated the car's electronic stability control software.