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2014 Toyota Financial Services – 35 Boys & Girls Clubs to Benefit from Donation

March 26, 2014 by · Leave a Comment 

Toyota Financial Services Reaffirms Its On-Going Commitment to Addressing Nationwide High School Dropout Rates with a $500,000 Donation to 35 Boys…

March 26, 2014 by · Leave a Comment 

TORRANCE, Calif., (March 25, 2014) – Toyota Financial Services (TFS) pledges $500,000 to 35 Boys & Girls Clubs as part of its on-going commitment to addressing the national high school dropout rate. Boys & Girls Clubs encourage high school graduation and college readiness by helping youth develop the academic, behavioral and social skills needed to be successful. According to a recent survey conducted at local Clubs, 97% of Club teens expect to graduate from high school, and 28% of Club Alumni said they would have dropped out without the Club’s influence.

Toyota-BMW sports car to gain all-wheel drive, supercapacitors?

Toyota-BMW sports car to gain all-wheel drive, supercapacitors?

March 25, 2014 by · Leave a Comment 

Filed under: Coupe , Hybrid , Performance , BMW , Toyota , Rumormill Sales of salt are skyrocketing following the latest rumor of the planned joint-venture sports car from Toyota and BMW . The whisperings indicate that project will spawn both a replacement for the BMW Z4 and a long-awaited Toyota Supra successor based on the FT-1 Concept shown above. Word is that the new cars will feature front-engine, all-wheel-drive layouts with plug-in hybrid technology. This news would appear to run somewhat counter to earlier reports that BMW and Toyota are teaming for a six-figure hybrid supercar . According to Autocar , the project will benefit from the experience Toyota gained with the TS030 , its hybridized Le Mans prototype. The evidence for this is, of all things, a Toyota Yaris – in particular, the Yaris Hybrid R that was shown at the 2013 Frankfurt Motor Show last September. That car used a 300-horsepower, 1.6-liter gas engine, while a pair of 60-horsepower electric motors provided all-wheel-drive push (an additional motor also sent additional juice to the front axle). The 414-system-horsepower drivetrain used supercapacitors in place of the traditional lithium-ion batteries of traditional hybrids. For the production sports cars , Autocar claims that the Yaris Hybrid R’s setup will serve as the basis for the new powertrain, although it won’t be a direct carryover. Instead, a 2.0-liter BMW engine will be paired with Toyota-designed, BMW-built motors.

Landfill Gas to Build Cars and a Greener Community

March 25, 2014 by · Leave a Comment 

GEORGETOWN, Ky. (MARCH, 24 2014)

Toyota Financial Services (TFS) Issues Auto Industry’s First-Ever Asset-Backed Green Bond

March 24, 2014 by · Leave a Comment 

TORRANCE, Calif., (March 24, 2014)

European car sales up 8% in February

European car sales up 8% in February

March 22, 2014 by · Leave a Comment 

Filed under: Car Buying , Europe , BMW , Ford , GM , Mercedes-Benz , Toyota , Volkswagen , Renault , Peugeot , Citro

Toyota temporarily idles pair of Indian plants due to labor unrest

Toyota temporarily idles pair of Indian plants due to labor unrest

March 21, 2014 by · Leave a Comment 

Filed under: Budget , Plants/Manufacturing , Toyota , UAW/Unions , India The Detroit News reported today that Toyota will restart production at two Indian plants, following a shutdown on Monday. Factory labor, management and police in Asia engage in the kind of violent altercations that we’re not used to, having almost entirely walked away from the overtly brutal relations epitomized by the Pinkerton Detective Agency and the Flint Sit-Down Strike . In India, a plant owned by a Ford transmission supplier plant was shut down in 2009 after incidents between workers and armed men around the same time as Ssangyong workers occupied a factory in South Korea , in 2012 Suzuki Maruti workers rioted over wages around the same time upset employees beat a ceramics factory president to death in retaliation for a labor leader’s killing. Toyota is the latest to company trying to avoid that road. The Detroit Free Press reported earlier this week that it shut down two plants in India after 11 months of acrimonious wage negotiations and arbitration have gone nowhere. Toyota said the plant workers in Bidadi, near Bangalore, had deliberately stopped production at times over the past 45 days and threatened management. The workers said they wanted their wages raised by an amount already agreed to by management, but that management had reneged; news reports weren’t clear on the amount, some saying nearly 10,000 rupees ($165 US) more per month, another saying 4,000 rupees ($65 US), but reports agree that Toyota has said it will only go as high as 3,050 rupees ($50 US). Terms of today’s resolution have not been released, but we do know that production will begin again on Monday, March 24. Toyota temporarily idles pair of Indian plants due to labor unrest originally appeared on Autoblog on Thu, 20 Mar 2014 18:03:00 EST. Please see our terms for use of feeds .

Consumers to Test Ultra-compact ‘i-Road’ EV in Tokyo

March 21, 2014 by · Leave a Comment 

Tokyo, Japan, March 20, 2014 –Toyota Motor Corporation announces the start of consumer trials of the “i-Road” personal mobility vehicle in the Greater Tokyo Area. The limited trials, which aim to gauge the effectiveness of the electric vehicle in everyday situations in urban areas, will run from March 24 through early June.

Scion Social Media Contest Offers Fans Seven Days of Upgrades

March 20, 2014 by · Leave a Comment 

TORRANCE, Calif., (March 17, 2014) – Harness your originality for upgrades.

Toyota reaches $1.2B unintended acceleration settlement in criminal probe

Toyota reaches $1.2B unintended acceleration settlement in criminal probe

March 20, 2014 by · Leave a Comment 

Filed under: Government/Legal , Recalls , Safety , Toyota , Earnings/Financials UPDATE: Just like that, Toyota has released an official statement confirming its $1.2-billion dollar settlement with the US Attorney’s Office. Our story has been updated to reflect this development and the automaker’s official statement has been added below . Toyota has reached a settlement over the criminal probe into its unintended acceleration problems, and the outcome is more expensive than first expected. The Japanese automaker has agreed to pay $1.2 billion to close the investigation among other settlement terms. The criminal inquiry focused on whether the company kept information from regulators and how it handled drivers’ complaints about the problems, according to the sources. Between 2009 and 2010, Toyota ended up recalling over 10 million vehicles worldwide over sudden acceleration fears. Fixes include modifying floor mats, gas pedals, and installing brake override software on affected models. In addition, Toyota made the latter standard on all of its new vehicles. The first rumblings of a settlement broke last month when “people familiar with the matter” revealed a possible billion-dollar agreement . That rumor suggested that the deal would also include criminal deferred prosecution arrangement that would force Toyota to accept responsibility but let it avoid federal criminal convictions.

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