Report: Lexus to Expand Product Line Down-Market With More Entry-Level, Performance Vehicles

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Report: Lexus to Expand Product Line Down-Market With More Entry-Level, Performance Vehicles
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With the ongoing recession every automaker has suffered a slide in sales, but the decline for Lexus has been more significant than at its German rivals with sales down 34.1 percent for the year so far. Lexus believes part of the reason is due to a reliance on up-market SUVs and the fact that the… Continue Reading...

Shoichiro Toyoda Lashes Out at Toyota Execs

Shoichiro Toyoda Lashes Out at Toyota Execs
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One of the last things Shoichiro Toyoda did as honorary chairman at Toyota Motor Corp., was to assemble all of the company’s executives and give them a tongue lashing. Toyoda even called out president Katsuaki Watanabe and blamed him, as well as those other executives in charge of the Japanese automaker, for leaving behind the… Continue Reading...