360° Coverage : Toyota to pay $25.5 million to settle shareholder suits

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Toyota to pay $25.5 million to settle shareholder suits

Source: Detroit News Online, Nov 14 2012, 2:00am CST

Washington — Toyota Motor Corp. agreed to pay $25.5 million to settle claims from shareholders who said they were harmed by the Japanese automaker's recall for unintended acceleration of millions of vehicles in 2009-10, court documents filed Tuesday ...

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10

8 hours ago

Toyota plans to increase lithium-ion car battery output-Nikkei

Source: Reuters  |   May 19 2013, 1:40am CDT

TOKYO May 19 (Reuters) - Toyota Motor Corp is planning to increase production of lithium-ion batteries by six times, as the automaker prepares to eventually use them in its flagship Prius gasoline-electric hybrid cars, the Nikkei b ...

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Update
9

2 days ago

Tesla Motors (TSLA): What’s to Like?

Source: Wall Street Pit  |   May 17 2013, 8:27am CDT

This is a post I started to write last week, got sidetracked and now it seems a bit timely once more. I’m talking about Tesla Motors (NASDAQ:TSLA), the electric car manufacturer, and frankly I don’t see what the hype is about, why the stock has g ...

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Update
8

26 weeks ago


Quote:
"Toyota has agreed to resolve shareholder claims related to previous recalls, with no admission of wrongdoing, in order to avoid the expense, distraction and uncertainty of further proceedings ... We are pleased to be turning the page on this legacy legal issue, pending court approval, and believe this is a reasonable outcome."


Source: Detroit News Online

 

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Update
7

2 days ago

Toyota passes Samsung in market capitalization

Source: San Antonio Business Journal  |   May 17 2013, 5:57am CDT

A digest of important news from sources selected by our local editors. Delivered weekday mornings. Mike W. Thomas covers technology/telecom, military, finance, regulatory issues as well as nonprofits/education. ...

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6

2 days ago

Millions of vehicles recalled worldwide for defective airbags

Source: FindLaw: Attorney Blog  |   May 16 2013, 1:05pm CDT

The recall of automobiles by several of the largest car companies exanded to yet another brand when BMW announced that it was joining in. Around 3.4 million cars and trucks in Lake Charles and around the world have been recalled by at least six ...

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5

3 days ago

Toyota Becomes Asia's Biggest Firm by Market Value

Source: Industry Week  |   May 16 2013, 9:30am CDT

The company’s capitalization stood at $217 billion on Thursday. TOKYO --Toyota (IW 1000/8) has accelerated past Samsung Electronics to become Asia's biggest company by market value, after the automaker's sh ...

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4

3 days ago

Computer Sciences settles lawsuit over accounting for $97.5 mln

Source: Reuters  |   May 16 2013, 8:58am CDT

* Company reserved for settlement in last fiscal year May 16 (Reuters) - Computer Sciences Corp agreed to pay $97.5 million to settle a lawsuit accusing it of defrauding shareholders by hiding a variety of accounting problems. Th ...

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3

3 days ago

Toyota starts Yaris output in France for U.S.

Source: Automotive News  |   May 16 2013, 8:48am CDT

Toyota will produce about 25,000 gasoline-powered Yaris units a year for export to North America. Toyota Motor Europe has started making the Yaris for North American export at its plant in Valenciennes, France, ...

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2

3 days ago

Toyota beats Samsung to become Asia's biggest firm by market value

Source: Straits Times  |   May 16 2013, 3:22am CDT

A visitor looks at a Toyota Motor's car at the company show room in Tokyo, on May 8, 2013. Toyota has accelerated past South Korea's Samsung Electronics to become Asia's biggest company by market value, after the Japanese automaker's s ...

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1

4 days ago

The Zacks Analyst Blog Highlights: General Motors, Ford Motor, Toyota Motor, Honda Motor and SINA

Source: PR Newswire  |   May 15 2013, 10:05am CDT

CHICAGO, May 15, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the fin ...

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