Toyota has agreed to make a payment of $17.35 million to the National Highway Traffic Safety Administration
Filed under: Sedan , Cadillac , Chrysler , Ford , Toyota , Specialty The deaths of the Ford Crown Victoria and the Lincoln Town Car have meant overhauls of three high-profile American fleets: police, taxi and livery car. Just as police fleets are more open to considering other options and a Nissan van is the new face of the NYC taxi, livery car companies are looking at replacements for the Town Car beyond The Blue Oval. Ford , via Lincoln , has made an MKT Town Car (pictured), but an article in the Detroit News claims “it has failed to win over most of the big limousine companies.” The upstarts trying to move in include livery and limo editions of the Cadillac XTS , and livery specifications of the Toyota Avalon and Chrysler 300 . Each of those challengers, however, faces challenges. The Town Car was a workhorse, American, rear-wheel-drive sedan with plenty of rear legroom. Cadillac has been in the livery space before but with decontented models that were about selling the brand, not its luxury. It is taking the opposite approach with the XTS, pointing out that its livery edition is “contented in the upper half of the XTS range.” Still, the CEO of Michigan’s largest livery company says “it’s quite a bit smaller than what we’re used to,” and he also prefers rear-wheel drive. The Chrysler 300 is rear-wheel drive, and American, which matters to some companies, but Chrysler hasn’t yet revealed the livery package for it. The livery Avalon marks Toyota’s first time getting into that business in the US, a natural step after having done so well with taxi clients and with the Town Car out of the way. Still, the livery client is a different to taxi buyers, so the Avalon could face other soft-touch hurdles.
Children’s Hospital Los Angeles and Toyota Expand National Buckle Up for Life Program to Orange County
LOS ANGELES, Dec. 18, 2012 – Responding to disproportionate risks that African American and Hispanic children face in motor vehicle-related crashes, Children’s Hospital Los Angeles, Toyota and Cincinnati Children’s Hospital Medical Center today announced the expansion of the groundbreaking safety education program Buckle Up for Life to Orange County (Calif.). Buckle Up for Life – or Abrochate a la Vida in Spanish – is the only national program of its kind.
TORRANCE, Calif., Dec. 18, 2012 – - Toyota’s fourth-generation RAV4 arrives in January, a reinvention of the world’s original crossover sport utility vehicle. The new RAV4 offers balanced performance and capability, including great fuel efficiency, class-leading cargo capacity, striking design, and a compelling array of standard features. RAV4 is available in three trim levels: LE, XLE and Limited.
TORRANCE, Calif., Dec. 29, 2012 – As the U.S. auto industry heads into a new year, Toyota looks back at a tremendous year of growth and accomplishments in 2012.
TORRANCE, Calif., (Dec. 19, 2012) – AutoGuide.com judges have bestowed the consumer resource website’s first Car of the Year Award to the Scion FR-S. All new vehicles were evaluated against their competitors, new class benchmarks set and their importance to the automaker, consumers and industry. Describing the FR-S as “driving bliss,” AutoGuide.com called out the sport car’s agility and balance, in addition to its driver responsiveness.
TORRANCE, Calif., Dec. 19, 2012 – HO HO…UH OH!
Filed under: Car Buying , Toyota Each year, Consumer Reports compiles a list of the vehicles it expects to be the best and worst when it comes to holding their original resale value, and the list of best values for 2012 is, not surprisingly, dominated by Toyota products. Overall, the best value for 2012 is the Toyota Prius , while the worst car for the money is the BMW 750Li , according to the magazine. The Prius knocked the Honda Fit from the top spot, which was the best value four years running, and it did so despite costing $10,000 more as tested. As CR points out, a higher price does not equate to less value just as a lower price does not guarantee a higher value. A total of 15 Toyota, Scion and Lexus made the list with only one, the Lexus GS 350 , having a lower-than-average resale value. Volkswagen and Subaru pulled in an impressive amount of cars on the list, too. On the opposite end of the stick, Chrysler was hit hard with all seven of the cars listed (across the Chrysler, Dodge and Jeep brands) rated with a below-average resale value. Scroll down to see the winners and losers for each category, but to view the full breakdown of the best and worst values on the market, a CR subscription is required. Continue reading Consumer Reports best value awards dominated by Toyota Consumer Reports best value awards dominated by Toyota originally appeared on Autoblog on Thu, 27 Dec 2012 15:44:00 EST. Please see our terms for use of feeds .
Filed under: Recalls , Safety , Toyota Following news that Toyota has proposed a massive settlement to address the owners of vehicles effected by the unintended acceleration recall, shares for the automaker are up 2.6 percent. Over the course of this year, Toyota’s stock has jumped 51.7 percent. “My initiate reaction would be ‘that’s it’… $1 billion charge that covers recalls and everything else and you are looking at a $250 million compensation fund, that’s nothing,” said a senior trader at a foreign brokerage to Automotive News . This settlement has been set aside to cover class-action lawsuits from 16 million owners of Toyota, Lexus and Scion vehicles and is separate from other impending lawsuits – including one consumer protection suit in California and another unfair-business-practices case brought on by 28 attorneys general. In other positive news for investors, the Japanese yen has weakened compared to the US dollar. That likely means improved financial performance from the big Japanese automakers, the largest of which is Toyota. Toyota shares rise on smaller-than-expected settlement news originally appeared on Autoblog on Thu, 27 Dec 2012 18:00:00 EST. Please see our terms for use of feeds . Permalink