Toyota shares surged after the announcement early losses, and closed 4.8% higher - the biggest one-day gain in nearly eight months. The improved outlook from the world s best-selling automaker contrasts with a downbeat forecast from many rivals that have warned of tepid sales growth and announced output cuts amid high interest rates and slowing demand for electric vehicles.
A Japanese automaker that cheated on safety tests for decades said Monday it doesn't expect to resume shipping cars any time soon. The Japanese government ordered a subsidiary of Toyota to halt production of its entire lineup after reports of faked safety test results emerged last year. The Daihatsu Motor Co. skipped mandatory safety tests by copying data from testing on one side of cars to the other, and used timers to ensure airbags went off in tests, a review found.
In 1996, Uzi Nissan purchased Nissan.com for his Nissan Computer business. But after the Nissan Motor Corporation sued him in 1999, it kicked off a long saga.