Toyota Motor Corp. has reached a $1.2 billion settlement to end a U.S. criminal probe of sudden unintended acceleration that led to the recall of more than 10 million vehicles, two people familiar with the matter said.
Toyota Motor Corp. , the world’s biggest carmaker, said it’s beginning a voluntary severance program at its U.S. sales unit in California and asking some workers at operations in Europe to consider early retirement.
A lawyer for Facebook Inc. said she was “unsure” whether company founder Mark Zuckerberg signed a contract that purportedly entitles a New York man to 84 percent of the world’s biggest social-networking service.
Toyota Motor Corp., which last year overtook General Motors Co. to become the world’s largest automaker even as its profit margins lagged behind the industry, is riding a weakening yen that has Detroit executives concerned.
Toyota Motor Corp.’s plan to source cars from Mazda Motor Corp.’s Mexican plant starting in 2015 highlights global automakers’ growing reliance on the Latin American nation for quality production as well as lower costs.
Toyota Motor Corp. halted auto exports to Iran to avoid conflict with U.S. and United Nations sanctions over Iran’s nuclear program, Nikkei English News reported, without saying where it got the information.