Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

McCain's health vote backlash

Read more

THE DEBATE

The Macron Touch: Can the new French President be Libya's Peacemaker?

Read more

THE INTERVIEW

'Maduro's regime is a criminal dictatorship'

Read more

FOCUS

Kenyan authorities step up security amid Al-Shabaab threat

Read more

ENCORE!

Rock icons Midnight Oil on politics, passion and their long-awaited comeback

Read more

IN THE PAPERS

'Sleep tight beautiful boy': Charlie Gard's parents to take him off life support

Read more

EYE ON AFRICA

South Africa's 'Guptaleaks': New website aims to reveal extent of 'state capture'

Read more

IN THE PAPERS

Building walls: French protesters block access to hotel migrant shelter

Read more

BUSINESS DAILY

Google parent company's profits hit by EU fine

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)