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TOKYO – Toyota Motor yesterday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis. TOKYO – The world’s biggest automaker Toyota Motor will cut production by 20 percent this year as it tries to cope with falling worldwide demand, a report said yesterday. Toyota unit seeks public funds TOKYO – Crisis-hit Japanese auto giant Toyota Motor has asked for a government loan to help its financial unit ride out the credit crunch, an official said yesterday. ANKARA – Turkey’s economic growth hits a six year low in the third quarter, with a gross domestic product expansion of 0. Turkey’s Toyota forecasts up to 20 pct sector contraction in Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, forecasts a percent contraction in Turkey’s automobile sector in under the current conditions, the company said in a statement issued on Sunday. Carmakers set to steer off sponsorship SINGAPORE – Carmakers are the driving force behind some of the world’s most lucrative golf tournaments but nose-diving demand and anemic earnings amid the global financial crisis has put the brakes on sponsorship spending.

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direksioyn Grim corporate figures underline global turmoil TOKYO – Grim data from the world’s biggest firms and thousands of job losses underscored Friday the urgency driving debate over Washington’s massive economic stimulus plan. Automotiv sales in Turkey tumble TOKYO – Grim data from the world’s biggest firms and thousands of job losses underscored Friday the urgency driving debate over Washington’s massive economic stimulus plan. Honda Motor, Asshi No. Toyota suspends production for two weeks at Turkey plant Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, has suspended production at its plant in the northwestern province of Kocaeli until Jan.

The country may enter a painful recession and economic growth probably will not recover until the third quarter of next year, claims an economist at JPMorgan Chase TOKYO – Toyota Motor yesterday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis.

Nissan forecasts big loss, direksiyoh cut 20, jobs Nissan Motor Co, Japan’s third biggest automaker, said on Monday that it would dirkesiyon production in the year to March by 20 percent, and the group-wide headcount by 20, workers by the end of March Japan’s contracting economy got a slew of bad news Friday with November figures showing industrial asahj plunged by its biggest margin since records were started inthe jobless rate jumped and household spending fell.

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Japanese industrial production has biggest monthly fall in November Japan’s contracting economy got a slew of bad news Friday with November figures showing industrial production plunged by its biggest margin since records were started inthe dirwksiyon rate jumped and household spending fell.

Toyota Motor

direkaiyon Output may de-crease Toyota Motor Corp is to promote Akio Toyoda, a founding family scion and executive vice president, to president in April, Japanese daily Asahi reported on Tuesday. Toyota names qsahi scion as new president TOKYO – Toyota Motor yesterday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis. Industrial output expected to plummet ANKARA – Turkish industrial output continues to decline as demand wanes in key export markets, according to a Bloomberg survey.

Direksijon Japan orders day production halt as pessimism grows Japan Toyota Motor Corp on Tuesday announced further cutbacks in its domestic output and said it will halt production for 11 days in February and March, revealing growing pessimism about flagging global auto demand. TOKYO – Fitch Ratings cut Toyota’s top-notch credit rating yesterday, blaming the world auto market slump and surging yen – the latest sign that even Japan’s top automaker is suffering from the global slowdown.

Worst industrial output fall in years ANKARA – Turkish industrial production declined the most in seven years in November as the global credit crisis reduced demand at home and abroad for Turkish-made goods such as cars and washing machines. Japanese exports fall by half in February TOKYO – Japan’s exports ashai by nearly half in February from a year earlier – a record drop – the government said yesterday.

Nissan Motor Co, Japan’s third biggest automaker, said on Monday that it would slash production in the year to March by 20 percent, and the group-wide headcount by 20, workers by the end of March GMis seeking new federal loans. Compared to the third quarter ofthe contraction stands at 3. As unemployment rises and companies slash output, outlooks support the view that Japan is headed towards deflation Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, forecasts a percent contraction in Turkey’s automobile sector in under the current conditions, the direksoyon said in a statement issued on Sunday.

TOKYO – Hundreds of workers rallied in Tokyo yesterday to protest massive job cuts, accusing the country’s biggest companies of sacrificing jobs to protect profits.

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Toyota posts first annual loss TOKYO – Japan’s Toyota Motor, the world’s largest vehicle manufacturer, announced Friday its first annual loss and warned it would plunge deeper into the red this year because of the global economic downturn. Italy’s Fiat took a 35 percent stake in Chrysler, launching a venture designed to secure the beleaguered U. Fitch lowers Toyota rating TOKYO – Fitch Ratings cut Toyota’s top-notch credit rating yesterday, blaming the world auto market slump and surging yen – the latest sign that even Japan’s top automaker is suffering from the global slowdown.

Japan posts record trade deficit, exports fall 46 pct TOKYO – Japan posted a record trade deficit in January, with exports tumbling 46 percent from a year earlier, as the global economic downturn tightened its stranglehold on overseas demand.

The country may enter a painful recession and economic growth probably will not recover until the third quarter of next year, claims an economist at JPMorgan Chase.

Eastern European economies are also battered, official figures show Banking giants in Europe and the United States faced fresh questions about their ability to ride out a global financial crisis which prompted European Central Bank interest rate cut on Thursday Growth declines sharply ANKARA – Turkey’s economic growth hits a six year low in the third quarter, with a gross domestic product expansion of 0.

Carmakers set to steer off sponsorship SINGAPORE – Carmakers are the driving force behind some of the world’s most lucrative golf tournaments but nose-diving demand and anemic earnings amid the global financial crisis has put the brakes on sponsorship spending.

Toyota to change president after first-ever annual loss- Japan daily Toyota Motor Corp is to promote Akio Toyoda, a founding family scion and executive vice president, to president in April, Japanese daily Asahi reported on Tuesday.

Fiat takes Chrysler’s 35 percent stake Italy’s Direksiyn took a 35 percent stake in Chrysler, launching a venture designed to secure the beleaguered U. As Wagoner agrees to leave the seat, chief operating officer Fritz Henderson will replace him. Japanese companies suffer a black Tuesday TOKYO – Four Japanese companies post huge losses for the yeardisplaying the destructive effect of diminishing exports and a strengthening currency.