Toyota Motor Corp. rose in the U.S. and Japan after Asia’s largest automaker said it’s taking a $1.1 billion charge to settle claims that recalls for unintended acceleration hurt the value of U.S. customers’ vehicles.
Toyota Motor Corp. ’s investigation of accidents involving unintended acceleration where motorists said they pressed on the brake pedal shows that “virtually all” involved drivers who pushed the accelerator instead, a company spokesman said.
Toyota Motor Corp. plans to say this week it supports a proposal by President Barack Obama’s administration to boost U.S. mileage standards to 54.5 miles per gallon by 2025 after initially expressing concerns, according to people familiar with the carmaker’s position.
Toyota Motor Corp. , the world’s largest maker of gasoline-electric autos, expects the Prius hybrid and related models bearing the same name to become its top-selling U.S. vehicle line by the end of the decade.
Toyota Motor Corp. , the world’s biggest seller of hybrid cars, gave U.S. dealers a first look at an electric sport-utility vehicle developed with affiliate Tesla Motors Inc. as Toyota prepares to boost sales of advanced autos.