News: Toyota Motor Corp (7203.T)
14 Mar 2014
Wed, Mar 12 2014
* Base pay won't offset tax hike, but some bonuses generous
TOYOTA CITY, Japan, March 12 - Toyota Motor Corp said it will give its Japan-based workers their biggest pay raise in 21 years in the year starting in April, heeding a government call to bolster the economy by sharing its surging profit with workers.
* Exporters sag as dollar/yen back in 102-yen zone * Volatility eyed amid thin volume before futures settlement * Yamato Holdings soars to 8-year high on price hike report By Ayai Tomisawa TOKYO, March 12 - Japan's Nikkei share average slid more than 2 percent on Wednesday as investors locked in profits after a recent rally to a five-week high, while a stronger yen hit overall sentiment and dragged down exporters like Toyota Motor. The Nikkei was down 2.2 percent o
TOKYO - Big Japanese companies such as Toyota Motor Corp will offer the most generous pay raises in years on Wednesday, but workers will still struggle to offset a sales tax increase, highlighting the difficulties the government is facing in overcoming entrenched deflation.
* Solid wage gains needed for economy to escape deflation
* Fuel-cell focused Hyundai answers calls for more zero-emission cars
SOWETO, South Africa, March 10 - Zakes Hadebe's minibus taxi has nearly half a million kilometres on the clock, a broken speedometer and a fuel gauge he struggles to keep just above empty.
SHANGHAI, March 10 - Vehicle sales in China jumped 18 percent in February from a year earlier, China's automobile makers' association said on Monday, marking a strong rebound from January's 6 percent pace. A total of 1.6 million vehicles were sold in the world's biggest automobile market in February, the China Association of Automobile Manufacturers (CAAM) said in a statement. Growth was partly driven by strong performance of foreign brands such as Toyota and Ford. Last month,
DETROIT - General Motors Co needs to get through its ignition-switch recall and the resulting federal investigation quickly to avoid any lasting damage to its brand, but the federal probe could keep the problem in the public eye for at least six months.
(Corrects name of company to Braemar Energy Ventures, last paragraph)
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