Toyota Motor Corp.’s Akio Toyoda, beset by recalls since taking over as president in 2009, is now finding more flaws in one of his most high-profile models and adding to a growing fleet of cars that need fixing.
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.
The yen may rise toward a postwar record of 75 versus the dollar if the Federal Reserve goes ahead with easing policies that will further debase the greenback, according to Fukoku Capital Management Inc.
Two weeks after Japan’s March 11 earthquake knocked out more than 650 of Toyota Motor Corp.’s suppliers, halting worldwide production, the automaker had to decide where to focus its resources. It picked the Prius.
Japanese corporate funding costs may decline after Prime Minister Yukio Hatoyama’s resignation as investors gain confidence his successor will improve the economy, according to Fukoku Capital Management Inc.
Sony Corp. President Kazuo Hirai is paying the price for trying to revive ailing TV and smartphone sales, with more than $2 billion of market value lost today, as his counterpart at Panasonic Corp. benefits from paring those units as it struggles to compete.