Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Colombia peace deal will be ‘lasting’, FARC rebel leader tells FRANCE 24

Read more

EYE ON AFRICA

Ghanaian President Mahama concedes defeat to opposition leader Afuko-Addo

Read more

MEDIAWATCH

Trump's TV Career Continues

Read more

THE WORLD THIS WEEK

President Park Impeached, Ghana's High Stakes Election (part 1)

Read more

THE WORLD THIS WEEK

Aleppo Offensive, Renzi Resigns, Trump's Cards (part 2)

Read more

ENCORE!

South Korea: An inside look at the K-pop wave

Read more

#THE 51%

Diving back in: Offering support for French mothers returning to work

Read more

REPORTERS

Chaotic post-hurricane relief efforts in Haiti

Read more

PEOPLE & PROFIT

Cash crunch casualties: India's wedding industry suffers from currency changes

Read more

Business

Toyota rides recall storm with March sales surge

Text by News Wires

Latest update : 2010-04-26

Japan's Toyota made light work of its recent recall crisis Monday, reporting a 26.3% global sales surge year-on-year in March. The carmaker has recalled around ten million vehicles worldwide due to a series of accelerator and brake defects.

AFP - Crisis-hit automaker Toyota on Monday said global sales surged 26.3 percent year-on-year in March, despite millions of safety recalls worldwide.

The Toyota group, which includes brands Daihatsu and Hino trucks, said it sold 876,126 vehicles in March, up from 693,759 a year earlier, spokesman Paul Nolasco said.

Also in March, Toyota said global production jumped 82.2 percent to 860,534 units compared to a year ago, when the industry was in the grip of the global economic crisis.

The beleaguered carmaker has recalled around ten million vehicles worldwide in recent months due to a series of accelerator and brake defects.

In the latest blow, it was downgraded by ratings agency Moody's over the impact of mass recalls on the company's future profitability.

Toyota recently widened a recall of two sports utility vehicles -- the Lexus GX 460 and some models of the Land Cruiser Prado -- to 34,000 units worldwide over stability problems.

Last week the company agreed to pay a 16.4-million-dollar fine, the largest for an automaker in the United States, for hiding for at least four months accelerator pedal defects blamed in more than 50 US deaths.

Date created : 2010-04-26

  • AUTO INDUSTRY

    After record fine, Toyota recalls Lexus and Prado SUVs

    Read more

  • AUTO INDUSTRY

    Toyota agrees to pay record $16.4m fine

    Read more

COMMENT(S)