Filed under: Plants/Manufacturing , Toyota , Earnings/Financials Toyota’s decision to move its US headquarters from its longtime home in Torrance, CA, to Plano, TX, was one of the biggest stories in the automotive industry this spring. With several months since the announcement, more details about the plan have leaked out. It seems that pulling up stakes could mean an even larger shakeup in the Toyota workforce than first thought. According to Automotive News , Toyota intends to hang onto around 50 percent of its workforce in the move to the Lone Star State . However, even that figure might be optimistic. According to an unnamed insider speaking to AN, there is a fear the actual number could be closer to 30 percent. For comparison, Nissan retained about 42 percent of its workers in its move from California to Tennessee. The actual percentage making the move is a mystery because Toyota is still rewriting its job descriptions under a single set of guidelines. The changes affect benefits, bonuses and the reporting structure, according to Automotive News , and employees’ reactions could play a big role in who decides to go. According to an unnamed worker speaking to AN, the wait is hurting morale.
Filed under: LA Auto Show , Land Rover , Toyota , Ownership “Residual value is important for automakers and consumers because it’s a complete indicator of the vehicle’s future value.” – Larry Dominique Toyota and Land Rover took home the top brand honors in ALG’s 2015 Residual Value Awards, which will be presented this week at the Los Angeles Auto Show . Toyota won in the mainstream brand category, while Land Rover was honored in the luxury segment. In addition to brands, ALG recognized vehicles in individual segments, and notable winners included the Mazda3 for compact car, Subaru Legacy for midsize car and Dodge Charger for fullsize car. The Subaru WRX won in the sportscar category, while the Toyota Tundra earned top honors in the fullsize truck segment. “Residual value is important for automakers and consumers because it’s a complete indicator of the vehicle’s future value, accounting for quality, durability and brand desirability, among other factors,” said Larry Dominique, president of ALG and executive vice president of ALG-parent, TrueCar . “The award recipients demonstrate strong forecasted returns on investments for their owners.” There were eight first-time winners this year, including the Charger, WRX, Toyota Prius V and Audi TT . Toyota had the most model winners with six. ALG passed out 26 awards – two for brands and 24 for models – based on vehicles that are expected to retain the best percentage of their MSRP after three years. This was the 15th iteration of the awards, which are given out annually, and you’re welcome to read more in the press release below . Continue reading Land Rover, Toyota big winners in ALG top resale value awards Land Rover, Toyota big winners in ALG top resale value awards originally appeared on Autoblog on Tue, 18 Nov 2014 11:33:00 EST.
TORRANCE, Calif., November 18, 2014 — The 2015 Tundra TRD Pro Desert Race Truck not only raced for over 1,200 miles to a first place finish at the 47 th Tecate SCORE Baja 1000 , it was also driven an additional 1,000 miles back to the start line of the race.
Filed under: Toyota , Electric The Toyota Mirai is coming to California next year and it will arrive bearing a $57,500 MSRP. Toyota says that with state and federal incentives worth a total of $13,000, interested customers will be able to buy a Mirai for under $45,000. If you’re more into leasing, then you can get the Mirai for $499 a month for 36 months (with $3,649 due at signing). Both options come with free hydrogen fuel for “up to three years.” The 2016 Mirai will be available in California in the fall of 2015 in a very limited supply – less than 200 vehicles in the fourth quarter – but as availability expands to the Northeast ( read: Boston and New York ), Toyota says it expects more than 3,000 to be on the road by the end of 2017. But there might be a catch. The $8,000 federal tax credit isn’t scheduled to last much longer. In fact, it could expire well before the Mirai is released. The current regulations say that , “The purchaser may claim a credit for the certified amount for a fuel cell vehicle if it is placed in service by the taxpayer after Dec. 31, 2005, and is purchased on or before Dec. 31, 2014.” That’s just a month and a half from now, while the car is almost a year away.
Filed under: Motorsports , Truck , Videos , Toyota , Celebrities , Off-Road , Racing , Autoblog Black Jay Leno takes a step outside of his cavernous garage for this latest video for a jaunt into the desert to get a little dirty. He meets up with off-road racing legend Ivan ‘Ironman’ Stewart , who has multiple Baja 500 and 1000 wins in his motorsports career, to play with a Toyota Tundra in the sand. Unfortunately, Leno doesn’t get to interview Stewart too deeply about his long history in racing, but Ironman does talk a little bit about reading the trail while speeding through the desert. In lieu of a great conversation, there is a ton of high-quality footage of the Toyota bounding through the desert. This clip feels more like a marketing effort than the usual output from Jay Leno’s Garage , but it’s still great to see Stewart behind the wheel sliding a truck, just like old times. The two of them even take the truck on a somewhat humorous journey at the end of the video. Continue reading Jay Leno goes offroading with the legendary Ivan ‘Ironman’ Stewart Jay Leno goes offroading with the legendary Ivan ‘Ironman’ Stewart originally appeared on Autoblog on Mon, 17 Nov 2014 20:01:00 EST. Please see our terms for use of feeds . Permalink
TORRANCE, Calif., (Nov. 17, 2014) – For the second time in a generation, Toyota has re-imagined the future of mobility.
NEWPORT BEACH, Calif., (Nov. 17, 2014) –
Filed under: Sedan , Toyota , Electric Looks like someone was able to read the future back in July. That’s when rumors first circulated that Toyota ‘s upcoming fuel cell vehicle will be called the Mirai. Today, Toyota president Akio Toyoda confirmed the name alongside plans to build out a hydrogen refueling infrastructure in the US Northeast. In Japanese, mirai (未来) means “future,” which is a fitting name for a car that Toyota believes represents the direction the auto industry will go in the coming years. In a promotional video announcing the name, Toyoda said, “For [Toyota], this isn’t just another car. This is an opportunity – an opportunity to really make a difference. And making a difference is what Toyota is all about.” To help that future come into existence, Toyota CEO Jim Lentz also disclosed the vague outline of a fuel cell infrastructure investment that Toyota and partner Air Liquide will make in a five-state Northeastern corridor that consists of Connecticut, Massachusetts, New Jersey, New York and Rhode Island. The Mirai will be available there in 2015 and Toyota is going to build 12 stations in and around New York and Boston to support the launch. More details will be available later. Toyota says the Mirai will be able to go “up to 300 miles” on a tank and refuel in less than five minutes.
Toyota’s Hispanic Business Strategy Group and Partners Highlight #CamryBold During the 44th Annual International Miami Auto Show
More than 90 VIP guests, including many members of South Florida media, convened under a beautiful Miami night sky on Friday, November 7 th , 2014 at the renowned New World Center in Miami Beach
Toyota Motor Manufacturing West Virginia, Inc. Celebrates Production of First Transmission for Latest Expansion
Buffalo, W.Va., Nov. 10, 2014 — The Toyota plant in Buffalo, W.Va. has celebrated many “firsts” in its 18 year history, and today marked yet another milestone as the first 6 speed high torque automatic transmission rolled off their second Automatic Transmission Line.