Nissan Motor Co., Japan's third largest car-maker on Tuesday reported a homecoming to profitability in the October-December quarter. This profit has come up following the cost-cutting and sales growth in China. A net profit of Y45.00 billion in the three months ended Dec. 31 was posted.

Addressing a news conference in Tokyo on Tuesday afternoon, the Toyota President Akio Toyoda announced the worldwide recall of 437,000 hybrid vehicles – including 200,000 Prius cars sold in Japan and 8,500 cars in the UK – marred by complaints about some defect in the vehicles’ braking system.

Toyota is going to start the production again in the wake of temporary shutdowns at the automaker's Woodstock and Cambridge assembly plants. Human Resources Manager, Roy Winger, says Toyota will return to the full production today with the same compliment of staff.

The deal to purchase Ford Motor's Volvo division is just about to reach its closure, and once Li Shufu, head of China's Zhejiang Geely Holding Group, has closed the $2 Billion deal, the popular and safety conscious brand from Sweden might replace the Audi A6 as the Chinese state officials' preferred car.

On Thursday, shares of Toyota Motor Corp. recorded a drop of over 4%, mainly on the back of a hoard of safety issues that have been discovered with the company's cars, and as traders prepped themselves for the automobiles manufacturer's latest financial results, in addition to a statement addressing all concerns about the Prius hybrid.

The gas pedal problem that directed to the recall of millions of cars of Toyota credited with the label of 'World's No. 1 automaker', has to face customer criticism as not enough has been done to cope up with the problem and this is affecting the sales bitterly.

Japanese auto maker Toyota will unveil details early Monday of how it plans to fix faulty accelerator pedals that compelled the company to recall around 2.4 million vehicles in the United States.

Ford Motor Co. reported its first annual net profit since 2005, assisting the auto maker further distance itself from its afflicted U. S. rivals while stoking consumer buzz about the company and its vehicles.

On Thursday, fourth-quarter net profit of South Korea's Hyundai Motor Co. jumped four times. It says that this pour came as a result of improving economic conditions, strong domestic demand for new models and tax incentives for new car purchases.

In a Thursday statement, the South Korean automaker Hyundai Motor reported an over four times year-on-year increase in its fourth-quarter net profit, largely because of a boost that the sales got from the economic recovery and tax incentives offered for new car purchases.