Open

Coming up

Don't miss

Replay


LATEST SHOWS

LIFESTYLES

New smart devices

Read more

BUSINESS DAILY

Valls needs to satisfy Socialists with €50bn cuts plan

Read more

MIDDLE EAST MATTERS

Spat over Iran's UN ambassador hampers thawing of relations with US

Read more

#THE 51%

The Peacemakers: Does gender really make a difference?

Read more

DEBATE

Fatah-Hamas Talks: Towards a United Palestinian Front? (part 2)

Read more

AFRICA NEWS

S. Sudanese rebels accused of ethnic slaughter in oil town

Read more

MEDIAWATCH

Fascist finger-pointing

Read more

MEDIAWATCH

Hollande carries the cross of unemployment

Read more

DEBATE

Fatah-Hamas Talks: Towards a United Palestinian Front?

Read more

  • French hostage Gilberto Rodrigues Leal has died, Islamists say

    Read more

  • Violent protests erupt in Rio de Janeiro

    Read more

  • Chelsea, Atletico draw 0-0 in first leg of Champions League semis

    Read more

  • French actress Catherine Deneuve to sell €4 million château

    Read more

  • Ukraine to relaunch offensive in the east after politican 'tortured'

    Read more

  • Echoes of 2pac and Biggie? French rap feud turns violent

    Read more

  • New French film tackles grisly anti-Semitic murder

    Read more

  • Photos link ‘little green men’ in Ukraine to Russian troops

    Read more

  • New anti-radicalisation plans aimed at fighting jihadism

    Read more

  • David Moyes sacked by Man United after just 10 months

    Read more

  • Hollande facing mounting pressure over Syrian refugees

    Read more

  • US probes new claims of chemical weapons use in Syria

    Read more

  • Islamist militants kill second Somali lawmaker in 24 hours

    Read more

  • Court orders US to release memos on drone strikes

    Read more

  • ‘I suffered mock executions,’ says freed French journalist

    Read more

  • S. Sudan rebels massacre hundreds in key town, says UN

    Read more

  • Air strikes kill scores of al Qaeda militants in Yemen

    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

Comments

COMMENT(S)