Toyota Motor Corp. placed such importance on the Indian-built Etios compact that it was the only new car the company didn’t delay amid the global financial crisis. President Akio Toyoda needs it to escape a sales ranking of seventh in Asia’s second-fastest growing major economy.
Nissan Motor Co. Chief Executive Officer Carlos Ghosn’s pay rose to 987 million yen ($12 million) last fiscal year while bigger rival Toyota Motor Corp. left its CEO’s pay flat and Honda Motor Co. cut compensation.
Toyota Motor Corp. President Akio Toyoda has put the company his grandfather founded on the road to record earnings after years of battling one crisis after another. The shares gained the most in almost eight months.
Volvo Cars, the Swedish carmaker acquired by Zhejiang Geely Holding Group Co. , is leaning toward starting production in the Chinese city of Chengdu to boost sales in the country, according to a Volvo board member.