Posts Tagged ‘toyota news’

Toyota Expects Electrified Vehicles Will Make Up Half of Its Global Sales

Automaker planning partnership with Panasonic.

by on Dec.13, 2017

Toyota Pres. Akio Toyoda at the launch of the Lexus LC coupe - which is offered with a hybrid option.

Toyota Motor Co. President Akio Toyoda said Wednesday that he expects half of the company’s sales to come from electrified vehicles – including hybrids and plug-based models – by 2030.

Toyoda spoke during a news conference called to announce a partnership with Panasonic to develop new battery technology that would be used for future Toyota products. The emphasis on electrified vehicles underscores a major shift in strategy by Japan’s largest automaker which, until recently, focused on hybrids but steered clear of more advanced plug-in hybrids and pure battery-electric vehicles, or BEVs.

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“The auto industry is now facing a major change of the kind that comes once in a hundred years,” said the 61-year-old grandson of Toyota’s founder.


Next-Gen Toyota Avalon Debuting at Detroit Auto Show

Automaker readies for second product reveal at NAIAS.

by on Dec.11, 2017

Toyota plans to take the wraps of its next-generation Avalon at the Detroit Auto Show next month.

Toyota Motor Corp. is going to have a full schedule at next month’s North American International Auto Show as the automaker revealed it will have a second major product debut in Detroit.

The Japanese automaker will premiere its all-new 2019 Avalon Monday, Jan. 15, during the 2018 NAIAS. The fifth generation Avalon shares the new platform utilized by the Toyota Camry and will be built at the automaker’s big assembly complex in Georgetown, Kentucky.

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Last week, it was revealed that Lexus plans to unveil a new concept vehicle in Detroit as well. (more…)

Toyota’s Hollis Expects Solid Sales in 2018

Automaker expects new Camry to lead the way to good year.

by on Dec.05, 2017

Toyota executive Jack Hollis told the Automotive Press Association that the company expects U.S. new vehicle sales to exceed 16.5 million in 2018.

Toyota expects 2018 to be another strong year as industry sales once again exceed hit 16.5 million units or better, Jack Hollis, group vice president and general manager of the Toyota Division at Toyota Motor North America, told the Automotive Press Association.

Hollis cited several factors contributing to the continuing strength of car sales in the U.S., including a healthy U.S. economy, continuing job and wage growth, low fuel prices and improvement in consumer confidence.

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“It might not be a record but still good strong pace,” Hollis said during in his speech during the APA meeting in Detroit. (more…)

Toyota Setting up LA Plant to Convert Animal Waste to Clean Hydrogen

California pilot program could keep thousands of zero-emissions cars, trucks fueled up.

by on Nov.30, 2017

Toyota's Doug Murtha talks about the automaker's hydrogen plant during the Los Angeles Auto Show.

Animal waste from the farms of California’s fertile Central Valley will soon be used to fuel up a new generation of ultra-clean cars and trucks, Toyota announced Thursday during a news conference at the Los Angeles Auto Show.

One of the industry’s biggest proponents of fuel-cell vehicles, or FCVs, Toyota hopes the Tri-Gen Project it is setting up at the Port of Long Beach, in suburban Los Angeles, will help overcome the chicken-and-egg problem that has so far limited acceptance of hydrogen power: the lack of a production and distribution network.

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“We believe hydrogen technology has the potential to become the powertrain of the future,” said Doug Murtha, a group vice president for strategic planning with Toyota’s North American operations. Adding the project, which will generate 1.2 tons of hydrogen a day, will be “a key milestone in Toyota’s larger commitment to clean mobility.” (more…)

“Future Toyota Adventure Concept” Hints of New Off-Roader to Come

Toyota FT-AC could fill gap left by demise of FJ Cruiser.

by on Nov.30, 2017

Toyota's new FT-AC Concept debuted in Los Angeles and offers some insight into how the maker may replace the FJ Cruiser.

With utility vehicles now accounting for half of the American automotive market, manufacturers are reluctant to leave any gaps open. This year’s Los Angeles Auto Show is full of new utes plugging empty “white space,” and as the two-day media preview wraps up, Toyota weighs in with its FT-AC concept.

In this case, the Future Toyota Adventure Concept aims to plug a gap left open by the demise of the old FJ Cruiser, and picks up on the earlier FT-4X prototype unleashed at the New York Auto Show last April.

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“FT-AC is a catalyst,” said Jack Hollis, general manager of the Toyota division. “It’s a medium for breaking everyday routine.” (more…)

Toyota Tells Camry Plant Employees to Cut Costs — Now

Cheaper to build Camry in Japan and ship it to U.S.

by on Nov.21, 2017

Employees at Toyota's Georgetown, Kentucky, plant were told that they needed to find ways to cut costs at the site.

Employees at Toyota’s largest plant in North America were just delivered a message from Japan: cut costs or lose jobs.

The company’s plant in Georgetown, Kentucky, produces the Camry, which is the best-selling sedan in the U.S., was told in a video from the company’s plant manager that currently it is cheaper for Toyota to build the Camry in Japan and ship it to Kentucky than it is to simply build it in Kentucky.

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“I’m not sharing this to scare you, but to heighten your awareness of the current risk we now have,” Wil James, Georgetown’s plant, said in the video dated this month, according to Bloomberg News.  (more…)

First Drive: 2018 Toyota Corolla iM

Reliability and functionality hallmarks of new iM.

by on Nov.17, 2017

The Toyota Corolla iM is another of more than 800,000 hatchbacks sold last year.

The Toyota Corolla was one of the key building blocks of the auto giant’s great success during the past 50 years.

The fact remains the Corolla, even after half a century, is a best seller around the world and one of the most popular vehicles ever built. Millions of Corollas are still on the road and its dependability and durability have reinforced its value over the years for all kinds of buyers.

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But Toyota also has made the Corolla the model of its philosophy of continuous improvement, helping to keep it attractive for new customers. For example, one of the latest iterations of the Corolla is as a sporty hatchback – the Corolla iM.  (more…)

Toyota Teases “Future Adventure Concept” Coming to LA Auto Show

New Toyota FT-AC follows up on recent FT-4X concept and signals replacement for FJ Cruiser.

by on Nov.16, 2017

The teaser pic suggests a more classic SUV design for the Toyota FT-AC concept.

Toyota and its high-line Lexus brand will be putting the spotlight on SUVs at the upcoming LA Auto Show – to no one’s surprise considering utes now account for half of the overall American new vehicle market.

Lexus has already given us a hint of its new RXL, a three-row version of the ever-popular RX line, and now it’s Toyota’s turn to tease us, the Japanese giant releasing this carefully lit front view of what it has dubbed the FT-AC.

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Short for “Future Toyota Adventure Concept,” it picks up where Toyota left off last April with the FT-4X concept, and the retro-styled FT-AC appears to signal what may be heading our way to fill the slot left open by the demise of the old FJ Cruiser.


Alabama, North Carolina Finalists for New Toyota/Mazda Plant

Makers reportedly wanted $1B in incentives for new plant.

by on Nov.14, 2017

Toyota President Akio Toyota and his Mazda counterpart Kogai announce their alliance.

Though Detroit is known as the Motor City, that designation doesn’t appear to be enough to entice Toyota and Mazda to build its new jointly owned plant in Michigan.

The two finalists appear to be Alabama and North Carolina, according to multiple news reports.

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In August, the two Japanese carmakers confirmed they will also set up a new, $1.6 billion assembly plant in the United States that will create up to 4,000 new jobs.  (more…)

Toyota Earnings Soar as Yen Sinks

Japanese giant raises full-year forecast despite weaker U.S. demand.

by on Nov.07, 2017

Sales of the RAV4, including the new hybrid shown here, have picked up while sedan demand tumbles.

A weak Japanese yen translated into strong earnings for Toyota Motor Corp. during the July-September quarter and has the automaker forecasting improved earnings for the current fiscal year despite sliding sales in North America, its key market.

For the second quarter in Toyota’s fiscal year, earnings rose to 481.21 billion yen, or $4.2 billion, compared with 410.77 billion yen a year earlier. Toyota is now forecasting it will earn 1.95 trillion yen during the fiscal year ending next March 31, or $17 billion at the current exchange rate. It delivered earnings of 1.75 trillion yen, or $15 billion last year.

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Separately, Mitsubishi Motors Corp. delivered an unexpectedly solid profit, reversing the losses its suffered in the wake of revelations that it had cheated on vehicle mileage tests. The resulting scandal led to the small Japanese maker’s takeover by Nissan Motor Co. last year.