Filed under: Budget , Sedan , Plants/Manufacturing , Toyota Toyota has announced plans to export the American-made Corolla south, to 18 countries in Latin America and the Caribbean by 2014. The move follows statements made to The Wall Street Journal by Toyota’s South American leader , Steve St. Angelo , that spoke to Toyota’s resolve in emerging American markets. Toyota is expected to begin export production in April, with initial production of 7,500 Corollas in the first year, courtesy of its Tupelo, Mississippi assembly plant . Years of unpredictable swings in the value of the Japanese yen has seen Toyota push its manufacturing operations in other countries , particularly the US, where its builds ten different models. Scroll down to read the full press release from Toyota. Continue reading US-built Corollas will soon be exported to Latin America, Caribbean US-built Corollas will soon be exported to Latin America, Caribbean originally appeared on Autoblog on Sun, 29 Sep 2013 11:05:00 EST. Please see our terms for use of feeds . Permalink
Toyota North America Region CEO Jim Lentz gives the keynote speech at the Northwood University International Auto Show in Midland, Mich., Sept. 27, 2013.
The first luxury brand to introduce a hybrid vehicle nearly 10 years ago, Lexus continues its hybrid leadership by offering five models powered by the innovative Hybrid Synergy Drive. The latest addition, the ES 300h, debuted for 2013 as the first-ever ES hybrid.
2014 Lexus RX 350 Demonstrates How Lexus Created and Then Dominated the Luxury Crossover Utility Vehicle Segment
There’s no question that Lexus created the blueprint for the luxury crossover utility vehicle 15 years ago with the original RX models. The 2014 RX 350 maintains its segment leadership by evolving that original, much-copied formula. The 2013 model year brought a freshened design with the bold brand-signature spindle grille. The line also brought new driving pleasure with the RX 350 F SPORT model.
Filed under: Government/Legal , Japan , Plants/Manufacturing , Chrysler , Ford , GM , Toyota Nine Japanese suppliers have pleaded guilty in US court over charges of price fixing in the automotive parts industry, resulting in the Department of Justice doling out a total of $740 million of fines, according to a report from Bloomberg . The scandal, which has resulted in General Motors , Ford , Toyota and Chrysler spending up to $5 billion on inflated parts and driving up prices on 25 million vehicles has sent the DoJ hustling into investigations. “The conduct this investigation uncovered involved more than a dozen separate conspiracies aimed at the U.S. economy,” Attorney General Eric Holder (pictured above) said during yesterday’s press conference. As the investigation stands, the DoJ has issued $1.6 billion in fines against 20 companies and 21 individual executives, with 17 of the execs headed to prison. Deputy Assistant Attorney General Scott Hammond said, “The breadth of the conspiracies brought to light today are as egregious as they are pervasive. They involve more than a dozen separate conspiracies operating independently but all sharing in common that they targeted US automotive manufacturers.” Big-name suppliers indicted in the investigation include Mitsubishi Electric, Mitsubishi Heavy Industries, Hitachi Automotive and Mitsuba Corporation. A list of fines and other corporations named in the investigation is available at Bloomberg . DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal originally appeared on Autoblog on Fri, 27 Sep 2013 18:31:00 EST. Please see our terms for use of feeds .
After revolutionizing the luxury SUV category with the first RX model in 1998, Lexus next revolutionized SUV propulsion with the first RX hybrid model in 2004. Projecting a bold presence with its Lexus spindle grille, the 2014 RX 450h hybrid continues the evolution of this groundbreaking vehicle, which offers an impressive 32 mpg city, 28 mpg highway and 30 mpg combined EPA fuel economy (30/28/29 MPG with AWD).
Filed under: Sedan , Videos , Toyota , Earnings/Financials Eleven months after Toyota claimed the 2012 sales crown a couple of months early thanks to the Camry , the headlines this year have been quite a bit different to last. Even though the Camry remains the best selling car so far in 2013 and its volume has increased year-on-year, it has lost market share due to the 20-percent sales explosion in the midsize segment. That means people are buying more of the competitor offerings like the Honda Accord , Nissan Altima and Ford Fusion – the Altima, in fact, outsold the Camry by 100 units in March. In July it was reported that Toyota was upping Camry incentives and fleet sales to keep its lead and that dealer inventory was climbing as, again, competitors got better at fighting the champion. In August Ford doubled down on production of the Fusion, adding a line in Flat Rock, MI to keep up with demand. Bloomberg has a report looking at the numbers behind the Camry’s dominance, as well as what appears to be a recorded group interview with Toyota USA CEO Jim Lentz, and wonders aloud whether the Camry will be able to hold its top spot in 2014. Barring catastrophe it has this year locked up, being more than 30,000 sales ahead of the next-best seller as of the end of August, but it has done so with higher incentives and lower transaction prices than its competitors. According to Strategic Vision the Camry’s consideration rate among consumers has also declined by a percentage point, while the consideration rate for the Accord and Fusion has increased by one point and two points, respectively. Analysts, and Toyota, cite better competitor products as well as the fact that the Camry is a year older than any of them to explain what’s happening, but a year from now the three major competitors won’t be as new either, and Toyota knows a thing or two about moving cars. Still, the Camry has been number one for 15 of the past 16 years, its only second-place blip coming in 2001, so it’s way early to be talking about the fall of the champion.
Filed under: Minivan/Van , Recalls , Toyota Toyota has announced a recall affecting approximately 615,000 Sienna minivans due to a possible rollaway risk. All of the vehicles in question are from the 2004, 2005, 2007, 2008 and 2009 model years. In an official statement, the automaker states that the problem stems from the vehicle’s shift lever assembly. “Because of the potential for damage to the shift lock solenoid installed in involved vehicles, there is a possibility that the shift lever could be moved out of the ‘P’ position without the driver depressing the brake pedal,” Toyota said. Because of this fault, the affected Sienna models could roll away without warning, increasing the risk for a crash. Owners will be notified via first class mail, and the affected Sienna models can be taken to Toyota dealerships to have the shift lock solenoid replaced with a new one. Have a look below for the automaker’s official release. Continue reading Toyota recalling 615k Sienna models over rollaway risk Toyota recalling 615k Sienna models over rollaway risk originally appeared on Autoblog on Thu, 26 Sep 2013 14:30:00 EST. Please see our terms for use of feeds . Permalink