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Toyota Motor Corporation (TOM.DE)

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  • Sky News

    Coronavirus: Toyota forecasts 80% drop in profit this year due to pandemic

    Toyota has warned that it expects operating profit to plunge by 80% this year due to the effect of coronavirus on car sales. Toyota, like other global manufacturers, is grappling with the economic impact of coronavirus , which has forced car factories to close and sapped demand for new vehicles. "The coronavirus has dealt us a bigger shock than the 2008 global financial crisis," Toyota President Akio Toyoda said.

  • Sky News

    Toyota and Honda recall six million vehicles due to airbag glitches

    Toyota and Honda have recalled more than six million vehicles due to two airbag glitches that present different dangers to motorists. Toyota is recalling around 3.4 million vehicles across North and South America because their airbags may not inflate in a collision, with the defect linked to a report of one fatal crash. The cars have airbag control computers made by ZF-TRW that are vulnerable to electrical interference and may not signal the bags to inflate.

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