Hyundai skipping Tokyo Motor Show 2009
South Korean automaker Hyundai has announced that they have decided to skip the Tokyo Motor Show 2009.
The company did not give any official reason for this decision but it looks like one of their cost cutting measures.
Hyundai had in fact paid the $122,000 non-refundable fee for a [...]
Honda CR-V Diesel coming to India?
Market sources claim that Honda is considering bringing a diesel edition of their sports utility vehicle CR-V to the Indian market.
This new variant could be powered with a 2.2 liter I-CTDi engine.
Honda has officially denied any such plans.
But the company would do good to launch [...]
Toyota Fortuner is a mega success in India
Toyota recently launched their sports utility vehicle model Fortuner in the Indian market.
This model is a mega hit in India as the company received more than 7,000 bookings in the 30 day period since launch.
Toyota Fortuner competes in a market which has very competitive rivals [...]
Toyota Corolla Altis CNG Edition in India!
Market sources say that the Japanese automaker Toyota is working on launching the CNG edition of their Corolla Altis in the Indian market.
Toyota Corolla Altis CNG could arrive as early as next month.
CNG has become a very popular alternate fuel in the Indian market.
One of the [...]
Toyota Prius remains the hottest car in Japan
Toyota Prius has now remained the hottest selling car in the Japanese market for four months.
Toyota sold 21,669 units of Prius last month in Japan.
The second most popular vehicle was Honda Fit.
Industry experts said that the hybrid cars are popular in this market because of [...]
Toyota Fortuner is already a hit in India
Toyota Kirloskar Motor has revealed that they have already received more than 5000 bookings for their recently launched sports utility vehicle model Fortuner.
The company said: “The company expects to sell over 2,500 units of Fortuner by the end this year and trying to ramp-up monthly production [...]
Toyota aims to have 150 dealers in India by next year
Japanese automaker Toyota has revealed that they are aiming to have around 150 dealerships around the country by the end of next year.
The company has just opened their latest (90th) center in Delhi named Espirit Toyota.
Toyota India spoke at the event: “We started with 27 [...]
Toyota gained most from the US Cash-for-Clunkers program
The Cash-for-Clunkers ended earlier this week in the US market and we now have some details.
Japanese automaker Toyota was the prime gainer from this program.
The company accounted for 19% of all sales during the period and had two of the top three selling models.
US government [...]
Toyota to cut capacity to match demand in the market
Japanese automaker Toyota has revealed that they are now going to cut capacity in their plants around the world to match the demand in the market.
Sources say that the company could cut their capacity by around 700,000 vehicles globally.
The worsening economic condition around [...]
Toyota recalling 95,700 cars in the USA
Japanese automaker Toyota has some bad news for their fans in the US market.
The company is now recalling around 95,700 Toyota and Scion branded cars in this market.
The problem in these cars is related to possible brake malfunction.
The affected models include:
2009 and 2010 Toyota Corolla and Corolla Matrix
2008 [...]
