Car Industry News

Toyota’s quarterly profit crumpled more than 75% after the March earthquake and tsunami wiped out parts suppliers in northeastern Japan, severely disrupting automobile production. The manufacturer gave no forecast for the current fiscal year through March 2012, citing an uncertain outlook because production continues to be hampered by a shortage of parts. The company president … Manufacturers Profits Slide on March Disaster.

TOKYO – An auto industry group says sales in Japan of Toyota`s Prius hybrid dropped for the first time in 17 months even as it ranked as the nation`s top-selling car in September. The Japan Automobile Dealers Association said on Wednesday that sales of the gasoline-electric hybrid car slumped as the government ended tax breaks and subsidies for environmentally … Toyota Prius sales fall for 1st time in 17 months