toyoda

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.

Akio Toyoda, president of Toyota, began the annual shareholders' meeting by apologizing for the massive recall of some 8.5 million cars and trucks in the U.S., Japan and other markets. It was his first such meeting as head of the company, having assumed the position almost exactly a year ago.

The president of Toyota, Akio Toyoda, apologized late Monday for the problems created by recalling 9 million cars worldwide. Writing on his Japanese-language blog under the name "Morizo," Toyoda says the automaker will "take seriously, accept humbly, and respond sincerely to" complaints that...

Already besieged by two recalls this year, Toyota Motor (TM) said Tuesday it is recalling 7,300 of its 2010 Camry sedans for possible braking problems, raising the number of cars the world's largest automaker has recalled to more than 8.5 million since last fall.

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.