Posts Tagged ‘Toyota’s Bob Carter’

Automakers Hoping Trump Infrastructure Plan Will Stave Off Sales Slump

Demand could rebound, especially for work trucks, says Toyota’s Lentz.

by on May.04, 2017

Toyota's Jim Lentz believes the key to U.S. auto sales rebounding in 2017 is held by Donald Trump and his infrastructure plan.

April’s weak sales numbers have flagged growing concerns that the U.S. auto market is finally set to slide after seven consecutive years of growth.

But at least one senior industry official is betting that the market could rebound if and when President Donald Trump can implement the big infrastructure program he has been calling for.

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“If you get a $1 trillion stimulus, that could add 800,000 units,” Jim Lentz, CEO of Toyota North America, said during a preview of the maker’s expanded technical center near Ann Arbor, Michigan, on Thursday morning. (more…)

Toyota Adding 100K Trucks, Utes to Production Plans for 2017

Maker needed to bolster output to meet demand.

by on Apr.12, 2017

Toyota EVP Bob Carter (left) said the automaker plans to add 100,000 trucks and SUVs to its production rolls this year to meet demand.

Toyota plans to build an additional 100,000 trucks and sport utility vehicles this year to meet rising consumer demand, Bob Carter, Toyota executive vice president, told the NADA-J.D. Power Automotive Forum on the eve of the New York International Show, but it’s not giving up on cars.

Carter stressed that Toyota isn’t about to give up on the midsize passenger car segment, which remains one of the largest segment in the industry despite three years of decline that continued during the first quarter of 2017.

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Toyota has sold about 10 million Toyota Camrys over the years and is preparing to launch a new version this year. The preparations for the launch of the next generation Camry are one of the reasons that Toyota confirmed once again this week it plans to invest of $1.3 billion in the company’s manufacturing complex in Georgetown, Kentucky. (more…)

Toyota “Staying the Course” Towards 54.5 MPG CAFE Target

“Eventually,” says auto chief Carter, $4 gas “will come back.”

by on Jan.14, 2015

Toyota's Bob Carter said Americans need to be prepared for a return to $4 gas in the future.

Enjoy cheap gas while you can, says Bob Carter, the head of U.S. automotive operations for Toyota. Like all good things, it “eventually” will come to an end.

The collapse of gas prices was the talk of the North American International Auto Show during this week’s media previews, and senior industry officials universally said that this unexpected shift has both its benefits and challenges.

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Consumers have more money to spend, but they’re also asking for the sort of big, powerful vehicles that could make it difficult to meet the upcoming, 54.5-mile per gallon Corporate Average Fuel Economy, or CAFE, standards that will take effect in 2025. (more…)

Tesla CEO Hints “Significant” New Deal with Toyota in the Works

But joint venture could be “two to three” years off, cautions Musk.

by on Sep.09, 2014

Toyota is putting the kibosh on the RAV4 EV, but it may not be the end of its working relationship with Tesla, according to Elon Musk.

With Toyota about to pull the plug on its slow-selling RAV4 EV, it looked like the Japanese maker also was switching off its relationship with Silicon Valley start-up Tesla Motors – but it now looks like another deal linking the two manufacturers is in the works.

Exactly what they’re working on hasn’t been revealed, but it could come to light in “two to three years,” according to Tesla Founder and CEO Elon Musk.

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“If you look out maybe two or three years from now, I would not be surprised if there was a significant deal with Toyota and Tesla,” the oft-garrulous Musk told reporters during a visit to Tokyo. (more…)

Toyota Expects to Sell 100,000 More Cars in 2014

Strong fundamentals, redesigned Camry make the difference.

by on Aug.15, 2014

Toyota Vice President Bob Carter told a crowd last night in New York that the maker will sell 100,000 more vehicles this year.

Toyota expects industry-wide vehicle sales to hit 16.3 million units, an increase of just over 5% and expects to sell 100,000 more units this year than it did in 2013, according to Bob Carter, Toyota Motor Sales senior vice president for automotive operations.

During a speech in New York, Carter noted the growth this year is slightly slower than the past few years, but is being driven by stronger economic and market conditions and a hangover pent-up demand from the recession.

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Moreover, 400,000 more customers than last year are expected to come off leases from all brands and most will turn around and buy or lease a new vehicle, helping push sales higher, Carter added. (more…)

Toyota, Ford Execs Square Off Over Trade, Currency Manipulation

Thousands of U.S. jobs at risk, warns Ford's Hinrichs.

by on Feb.06, 2014

Ford's Joe Hinrichs said the proposed Trans-Pacific Pact could cost thousands of American jobs.

The increasingly bitter debate over trade and currency manipulation unexpectedly became one of the hot topics at the Chicago Auto Show on Thursday as two industry leaders squared off over the proposed Trans-Pacific Pact, a senior Ford executive warning thousands of American jobs could be at risk.

The agreement would unite a number of nations on both sides of the Pacific Ocean in an effort to reduce trade barriers and expand trade. But the addition of Japan to the proposed TPP has set off fireworks, critics contending that the island nation routinely manipulates its currency to gain a trade advantage.

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That position has only been enhanced by the recent, sharp decline in the value of the yen – and the subsequent run-up in profits of key Japanese corporations like Toyota Motor Co. The world’s largest automaker this week announced it had earned $5.2 billion during the final three months of 2013, fully half of that due to the changes in the dollar/yen exchange rate. (more…)

Toyota Sees Slowdown in Growth – But Still Strong Year for U.S. Auto Market

Automaker hopes to finish repairs, end safety-related stop-sale in coming weeks.

by on Feb.06, 2014

Toyota Vice President Bob Carter is focusing on the expected surge in demand for new vehicles this year.

The recovery of the U.S. auto market is likely to slow in 2014 – but Toyota Vice President Bob Carter said he’s focusing on the half-full view of the glass, noting that the coming year will still bring another surge in demand, marking the first time since the 1930s that American automotive sales increased for five consecutive years.

Carter, who oversees the Japanese giant’s U.S. automotive operations, offered a generally upbeat assessment of the status of both the car business and Toyota itself during an appearance marking the opening of the 2014 Chicago Auto Show. Among other things, Carter said repairs have begun on more than 30,000 Toyota vehicles that were pulled from sale last month due to a defect in their seat heaters. They should be back on sale in a matter of weeks, he explained.

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Exactly what 2014 will bring is a matter of some debate – especially after the industry’s lackluster performance in January that saw a number of key makers, General Motors and Ford, lose ground. Toyota posted a 7.2% dip, year-over-year. That was a disappointment for those who hoped to see the market maintain the pace of 2013 when sales jumped by more than 1 million units, to 15.6 million, the best tally since before the recession. (more…)

Toyota Trying to Replicate Prius Success with Fuel Cells

Carter believes Japanese maker is ahead of the curve.

by on Jan.15, 2014

Toyota's Bob Carter reveals the FCV hydrogen car concept vehicle at CES. Carter thinks the FCV could be the next Prius.

Despite the skepticism of some notable critics, the fuel cell represents an emerging of enormous potential as source of power for automobiles. In fact, one company believes that fuel-cell technology is going follow the same arc as hybrids: Toyota.

Robert Carter, senior vice president of Toyota Motor Sales USA, said in a speech to the Automotive News World Congress, automakers must respond to long-term needs “of our customers, our society, and our environment” and fuel cells hold enormous potential, which is the key reason why Toyota has introduced a fuel cell vehicle it plans to sell or lease to consumers in the United States next year.

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“Now, I realize there is no shortage of naysayers regarding the viability of this technology and the infrastructure to support it,” Carter said. “Personally, I don’t care what Elon (Musk of Tesla) or Carlos (Ghosn of Nissan) say about fuel cells. If they want to ‘plug in and tune out’ other technologies, that’s fine,” he said. (more…)