Posts Tagged ‘toyota news’

Subaru’s Crosstrek Will Become its First Plug-In Hybrid

Japanese maker's first PHEV will use modified Toyota driveline.

by on May.14, 2018

For 2019, Subaru will add a plug-in version of the Crosstrek likely to deliver over 20 miles per charge.

Little Subaru is about to get a helping hand from Japan’s biggest automaker, Toyota lending out its Prius Prime driveline for the smaller manufacturer’s first-ever plug-in hybrid.

Subaru has been teasing us with electrified concepts for quite a few years, mostly through its palindromic Viziv concept series. Now, finally, we’ll be getting the real think with the launch of the 2019 Subaru Crosstrek Hybrid.

We Keep You Plugged In!

“The new Crosstrek Hybrid maintains all the capability of the traditional Subaru Crosstrek with increased fuel efficiency,” the automaker revealed in a terse statement. “It can be driven as a normal Hybrid, using both gas and electric power and eliminating range anxiety, or driven on pure electric drive for local commuting.”

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Toyota Earnings Jump, Despite Rising U.S. Incentives

Record R&D spending could hurt operating profit.

by on May.09, 2018

Toyota CEO Akio Toyoda is not only pushing for automotive sales growth, but leading the company into the emerging mobility sector.

Toyota saw earnings jump 21% between January and March, the final quarter of its fiscal year, despite having to sharply ramp up incentives in a slowing U.S. automotive market.

The automaker reported a profit of 480.8 billion yen, or $4.4 billion, up from 398 billion yen the year before. Toyota’s sales also rose 2% to 7.58 trillion yen, or $69 billion. For the full fiscal year, it earned 2.49 trillion yen, or $23 billion, a 36% increase, with sales rising 6%, to 29.38 trillion yen, or $268 billion.

Beyond the Numbers!

The strong performance helped highlight the cost-cutting efforts initiated by CEO and President Akio Toyoda, the grandson of Toyota’s founder declaring, “We’ve become a leaner, trimmer company … and in the past year we’ve developed our remaining fat into muscle, so that we’re in a strong position to be more competitive.”

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Toyota Investing $1 Billion into Canadian Facilities

Move will add 450 new jobs, automaker says.

by on May.08, 2018

Toyota is investing $1 billion into the plant in Canada that produces the company's top-selling RAV4.

Toyota Motor Corp. is planning to beef up its manufacturing footprint in Canada with a $1 billion investment its three assembly plants in Woodstock and Cambridge, Ontario, which are dedicated to building two of the Japanese automaker’s most popular vehicles in North America, the Toyota RAV4 and Lexus RX 350.

The investment will be used to retool the company’s Ontario operations to build vehicles using Toyota’s New Global Architecture, which will make dramatic improvements in the performance and competitiveness of the vehicle, as well as how it is engineered, Toyota officials said.

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It will also support the pursuit of future production for Ontario as well as research and development, and new automation technology in the paint and plastics shop. The investment represents a reversal of fortune for Canada’s auto industry, which has lost ground production in Mexico has steadily expanded. (more…)

Toyota Readying Its Own Autonomous Car Testing Site

New site allows TRI to conduct more "dangerous" testing.

by on May.03, 2018

The Toyota Research Institute plans to build an autonomous vehicle test site within the MITRP.

Toyota is looking to take its autonomous vehicle testing to a new level – a more dangerous one – without putting the public at risk so it’s going to construct a new closed-course testing facility near Ann Arbor, Michigan.

The Toyota Research Institute (TRI) filed construction permits this week to transform an approximately 60-acre site at Michigan Technical Resource Park (MITRP) in Ottawa Lake into a facility that takes testing to the edge.

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Expected to be operational this October, the new site will be used exclusively by TRI to safely replicate demanding “edge case” driving scenarios, too dangerous to perform on public roads. (more…)

Car of the Year? Even Honda Accord Falls into a Black Hole as Sedan Sales Continue to Wither

Slumping sedan sales putting a chill on spring sales.

by on May.02, 2018

It may be new for 2018, but U.S. buyers have had only a tepid response to the latest Honda Accord.

Few recent product launches generated more buzz than the debut of the 2018 Honda Accord. Long one of the U.S. market’s best-selling nameplates, the 10th-generation sedan quickly racked up a slew of awards, including North American Car of the Year.

But despite all the rave reviews, Honda is struggling to retain momentum for the Accord. American motorists purchased just 21,751 of the sedans in April, a 19.3% year-over-year decline. And even when adjusting for the fact that April 2018 had two fewer sales days than the year before, the dip was 12.5 percent. And Honda isn’t alone. The completely redesigned 2018 Toyota  Camry, a Car of the Year runner-up, suffered a 5.0% drop in volume in April.

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“They’re both brand new vehicles and award winners, but I’m not sure that has any impact now,” said Joe Phillippi, head of AutoTrends Consulting. “Consumer tastes are changing. Everybody wants SUVs and CUVs.”

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First Drive: 2019 Toyota Corolla Hatchback

Improved power, comfort and tech in an attractive package.

by on Apr.30, 2018

The 2019 Toyota Corolla Hatchback features more power and tech for the small hatch.

While sales of small cars have dwindled in recent years, hatchbacks have made a slow, steady of comeback of sorts.

Now Toyota, one of the largest and most versatile carmakers in the world, is adding a new hatchback to its popular Corolla family. The 2019 Corolla Hatchback arrives with new styling, a more powerful engine and clever technology that will help the car stand out in a crowded segment.

Reviews You Can Use!

In fact, Toyota is describing the Corolla Hatchback as the most “technologically advanced” small car it has ever built, which is saying something for a company that has more or less dominated the small car market around the world for past 50 years. (more…)

Toyota Investing $170M in Mississippi Plant

Despite SUV surge, Japanese automaker remains committed to passenger cars.

by on Apr.27, 2018

Toyota is investing $170 million in its Mississippi plant that builds the Corolla.

Just days after Ford Motor Co. announced it would all but abandon the U.S. passenger car market in a major shift to SUVs, Toyota has underscored its commitment to sedans by announcing it will invest $170 million in its Blue Springs, Mississippi plant to prepare for the next version of its long-popular Corolla model.

Sales of sedans, coupes and other traditional models have crashed as demand has surged for the SUVs, CUVs and other light trucks that now account for two-thirds of the American new vehicle market. Ford and crosstown rival Fiat Chrysler Automobiles have all but abandoned passenger car as they ramp up light truck production.

Industry News!

Toyota is also boosting its utility vehicle capacity, both in the U.S. and other markets, but it is not ready to walk away from the sedans like Corolla that still generate a significant share of its annual sales. Just this week, in a splashy pair of previews in Los Angeles and at the Beijing Motor Show, the automaker’s luxury brand Lexus revealed a seventh-generation version of the ES sedan that was one of its very first two models. (more…)

Lexus Betting Big on All-New ES

Gen-7 sedan expected to remain key model in luxury line-up.

by on Apr.25, 2018

The seventh-generation 2019 Lexus ES.

For those who haven’t been watching, the 2019 Lexus line-up won’t have much in common with the model mix of just five years ago. Where sedans once dominated the brand’s product portfolio, crossovers like the new UX and NX, as well as the long-popular RX, have overwhelmed traditional Lexus sedans such as the LS and GS.

So, it might come as a surprise to see the big deal Lexus is making over the launch of the all-new 2019 ES sedan, going so far as to stage simultaneous previews in both Los Angeles and the Beijing Motor Show.

Global News!

“We’re acutely aware there’s a robust SUV market in the U.S., and Lexus is playing a part in that,” said Cooper Ericksen, the brand’s U.S. marketing chief, said during the L.A. ES unveiling. “We understand the importance of SUVs, but we also understand the importance of great sedans.”

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First Drive: 2019 Toyota Avalon

New model enjoys upgraded interior, and a hybrid option.

by on Apr.23, 2018

The 2019 Toyota Avalon XLE is the automaker's fifth-generation of its flagship model.

Big passenger cars have seemingly gone out of style perhaps for good.

After all Toyota admits the average age for the buyers of its full-size sedan, the Toyota Avalon, is 64, hardly the age of trend setters in our youth-oriented culture.

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But with the fifth-generation Avalon, which is about to reach Toyota show rooms across the country, the Japanese auto giant thinks it has found a way to bring some younger buyers with an all-new vehicle that offers more style, more power, more comfort and more features. (more…)

Japanese Surge Reveals Broader Jump in Auto Imports

Rising numbers from Japan, Mexico, Korea, China challenge Trump 

by on Apr.20, 2018

Demand for the latest version of Nissan's Rogue has contributed to an increase in imports from Japan.

When Toyota and Mazda open a new assembly plant in Alabama in 2021, it will become the latest in a growing array of automotive plants Japanese manufacturers have set up in the U.S. since the mid-1980s – yet despite investing billions in their American operations, Japanese manufacturers have also been increasing exports to the U.S. from their home market factories.

The number of Japanese-made vehicles imported into the U.S. rose almost 10% during the first quarter of 2018. And Japan wasn’t alone.  Auto imports, as a whole have actually been on the rise, whether from Korea, Europe or Mexico, the latter country shipping about 7.5% more vehicles to the U.S. in March than the year before – despite Pres. Donald Trump’s high-profile push to bring more auto production back to the States.

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“Japan sends us million and millions of cars, and we tax them virtually not at all. And we don’t send so much product because we have trade barriers and lots of other things,” the president complained during a news conference this week while standing alongside Japanese Prime Minister Shinzo Abe.

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