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Toyota raises Japanese base wages for first time since 2008
Fri, 14 Mar 2014Toyota is on track for record profits, and in return, its Japanese workers are receiving their first increase in base wages since 2008, plus higher pay based on seniority and a larger bonus for 2014. The Japanese automaker predicts the average laborer will net a 2.9 percent income gain.
The average Toyota employee will earn 2,700 yen ($26.28) more each month, a 0.8 percent increase from last year. Workers will also receive about 7,300 yen ($71.09) more monthly based on seniority and promotions. Finally, the company's union pushed through a median bonus of 2.44 million yen ($23,768) for 2014, the highest in 6 years.
The pay boost comes as Toyota forecasts a record 1.9-trillion yen ($18.5 billion) profit for the fiscal year ending on March 31, according to Bloomberg. It has been helped by the Japanese government's efforts to weaken the yen on international markets and expand inflation. Prime Minister Shinzo Abe has been asking businesses to increase compensation to end years of deflation and offset upcoming higher sales taxes. Honda and Nissan have also raised their wages there in recent months.
130,000 Toyota Tundra pickups recalled over airbag issue
Fri, 12 Sep 2014Toyota is announcing a recall for about 130,000 examples of the 2014 Tundra Tundra pickup in Crew-Max Cab and Double Cab configurations.
According to the company, the "garnish on the center pillars" inside the trucks might not have been installed correctly. If the vehicle were in an accident, the side curtain airbags could deploy in the wrong shape. Toyota says that it's not aware of any crashes, injuries or fatalities related to this potential problem.
To fix the issue, the pickups will have their interior center pillars inspected, and if faulty, the pieces will be replaced. Obviously, this will be done at no cost to owners. Scroll down to read the full announcement.
MotorWeek remembers retro icons, Supra and NSX
Thu, 16 Oct 2014It's easy to poke a joke here and there about John Davis, the long-time host of MotorWeek. His voice is so monotonous that, from time to time, if you closed your eyes, you may think it's generated via a computer. But you have to give him and the rest of the show a lot of credit. The program has been on the air for decades, giving people direct, straight-down-the middle automotive reviews.
MotorWeek's massive back catalog of reviews are slowly making their way onto YouTube, and they provide a fascinating chance to look back on how performance cars rank against their contemporaries from back in the day. Two recent additions include the show's old looks at the 1986 Toyota Supra, the dawn of the third-generation model, and the now-iconic 1991 Acura NSX.
Both reviews are interesting in their own way. These days you hear nary a negative word about the original NSX, but MotorWeek isn't afraid to point out a few flaws. And the Supra really shows the progress of suspension tuning in the intervening decades because it has some serious body roll in the corners. Scroll down to check out both videos and get a blast from the automotive past.