For years Detroit automakers carped about the low value of the Japanese yen versus the U.S. dollar, but these days, the opposite is true. The yen has rocketed up in value versus the dollar, and Japan's automakers are taking significant measures to mitigate its bottom-line-killing effects. In October Toyota demanded lower prices from its Japanese supply base, and now the Chris Shunk
Two former hourly Toyota employees are denying that they leaked a potentially embarrassing memo pertaining to wages at Toyota's US plants. The document, which came from Seiichi Sudo, president and CEO of Toyota Motor Engineering & Manufacturing North America Inc, states that wages are growing faster than Toyota's US profits.
While Toyota expects to see overall growth in the US market next year, the company is cutting production estimates for its new San Antonio full-size truck plant. Originally expected to start at its full capacity of 200,000 units per year, the automaker now expects to build 150,000 Tundra pickups there in 2007. To blame is a shrinking full-size truck market, led by high fuel prices and a decrease in