Toyota struggling in Latin American market, attempting recovery

Toyota struggling in Latin American market, attempting recovery

August 31, 2013 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Plants/Manufacturing , Toyota , Earnings/Financials , South America With uncertainty in the US and Chinese markets, automakers are scrambling to rev up their efforts in what were traditionally secondary markets. Take Toyota’s efforts in Latin America. A recent story from The Wall Street Journal highlights the Japanese brand’s push in the southern hemisphere, particularly in Brazil, where it has expanded its operations and installed new executives with a greater range of powers, all in a bid to grab a bigger slice of the ever-growing South American pie. South America is dominated by General Motors , Fiat and Volkswagen , which maintain a combined 60 percent of the market share – Toyota holds a mere 4.5 percent. The WSJ spoke with Steve St. Angelo, Toyota’s boss in Latin America, who said, “We are playing catch up, but we’re catching up fast. We now have the resources to give the region the attention it really needs and deserves.” That attention includes an all-new, locally produced small car called the Etios. As bewildering as it seems, Toyota wasn’t competing in the low-cost economy car market in South America. With the Etios , which arrived in September of 2012, its sales in the first seven months of 2013 are up 75 percent. Toyota is also expanding on its local infrastructure, which includes the $600 million Sorocabo factory, located near S

Toyota Financial Services Expands Student Scholarship Program to $1 Million

August 13, 2013 by · Leave a Comment 

Torrance, Calif., August 13, 2013

Toyota to sell hot-pink Crown in Japan

Toyota to sell hot-pink Crown in Japan

August 12, 2013 by · Leave a Comment 

Filed under: Sedan , Japan , Toyota , Design/Style , Luxury Akio Toyoda is doing a pretty decent job at the helm of the Toyota empire. This is the man, after all, that declared that Toyota would get new sports cars , and that they needed to be , not should be, rear-wheel drive. We can respect that. Toyoda is also trying to do away with his company’s conservative styling and bring edgier vehicles to market. Toyota’s designers have done just that, although perhaps they went a bit too far. In November, Toyota debuted its fourteenth-generation Crown with a bling-bling fascia that makes Lexus’ spindle grille look as conservative as a three-piece suit, and a retina-searing pink paintjob. See, in Japan, the Crown is to Japan’s older crowd what the 2002 Buick Park Avenue is to America’s senior citizens. As Automotive News reports, the idea with the pink was to draw attention to the grille, but it was originally intended as a debut item, only. Now, Toyota is actually planning to offer the electric fuchsia Crown for sale to regular buyers. Interested parties will have from September 1st to September 30th to place an order for the big sedan.

Hay Farmer from Northern Michigan Heads Development of New 2014 Toyota Tundra Pickup Truck

August 3, 2013 by · Leave a Comment 

On farms throughout America, pickup trucks are like a member of the family.

Toyota hangs on to title of world’s largest automaker for first half of 2013

Toyota hangs on to title of world’s largest automaker for first half of 2013

July 27, 2013 by · Leave a Comment 

Filed under: Plants/Manufacturing , Toyota , Earnings/Financials General Motors and Ford can have all the success they please, but it doesn’t seem like America’s two largest manufacturers are going to topple Toyota in the first half of 2013. According to Reuters , Toyota moved 4.91 million vehicles in the first six months of 2013, representing a 1.1-percent drop from the same period in 2012. GM is on the rise, though, with a four-percent increase in global sales, to 4.85 million. Volkswagen , still sitting in third, saw a 5.5-percent jump to 4.7 million vehicles in the first half of 2013. If this pace continues for Toyota, it’ll finish 2013 in the top sales spot for the second year in a row. The manufacturer fell to third, behind GM and VW, in 2011 after earthquakes and tsunamis ravaged its production capacity. Toyota hangs on to title of world’s largest automaker for first half of 2013 originally appeared on Autoblog on Fri, 26 Jul 2013 14:58:00 EST. Please see our terms for use of feeds . Permalink

Toyota Camry, Honda Civic inventories mounting as US automakers make inroads

Toyota Camry, Honda Civic inventories mounting as US automakers make inroads

July 11, 2013 by · Leave a Comment 

Filed under: Car Buying , Budget , Sedan , Plants/Manufacturing , Chevrolet , Ford , Honda , Toyota Two of the hottest-selling cars in America aren’t quite as hot as they used to be. The Toyota Camry and Honda Civic are both seeing dealer supplies increase in the face of renewed competition from the much-improved Detroit Three. According to a report from The Detroit News , the Camry’s dealer inventory is 15 days higher than its seasonal average, while the Civic is 25 days above average. Things aren’t expected to get better for Toyota and Honda , as RBC Capital Markets analyst Joseph Spak marked the two Japanese offerings as “at risk for reduced output.” The Detroit Three, meanwhile, are seeing supplies dwindle as demand increases, especially for the Ford Fusion , which has seen an 18-percent increase in 2013 sales, and the Chevrolet Cruze , which was second only to the Camry in June 2013 sales. Ford currently produces the Fusion at its Hermosillo, Mexico, factory, but to cope with demand, it has added a second shift at its Flat Rock, Michigan plant, which will begin production of the Fusion later this year. Toyota Camry, Honda Civic inventories mounting as US automakers make inroads originally appeared on Autoblog on Thu, 11 Jul 2013 09:30:00 EST. Please see our terms for use of feeds . Permalink

Toyota Eclipses 10 Million in Camry Sales

July 2, 2013 by · Leave a Comment 

TORRANCE, Calif. (July 2, 2013) – Toyota Motor Sales (TMS), U.S.A., Inc., today reported 10 million sales of its Toyota Camry, America’s top-selling car for the past 11 years, representing nearly 20 percent of all the vehicles Toyota has ever sold in the U.S. This milestone comes the same year Camry celebrates its 30 year anniversary in the U.S.

Toyota Boosting Manufacturing Investment in Alabama, Missouri and Tennessee

June 21, 2013 by · Leave a Comment 

ERLANGER, Ky. (June 20, 2013) – Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA), announced today that its Alabama engine plant and Bodine Aluminum casting plants will invest a combined $200 million to boost machining capacity and engine parts production for V6 engines.

Toyota Camry Tops Midsize Segment in J.D. Power Initial Quality Survey

June 20, 2013 by · Leave a Comment 

TORRANCE, Calif., June 19, 2013 — The Toyota Camry, America’s top-selling car for the past 11 years, is ranked the number one midsize car in the 2013 J.D. Power Initial Quality Survey.

Toyota Financial Services Awards New Toyota to Boys & Girls Clubs of America’s National Youth of the Year Winner

May 21, 2013 by · Leave a Comment 

May 21, 2013 – Torrance, Calif.– Toyota Financial Services (TFS), as part of its Making Life Easier for YOUth initiative, recently awarded a new Corolla to the 2012-13 Boys & Girls Clubs of America (BCGA) National Youth of the Year Winner Trei Dudley.

« Previous PageNext Page »

Tweeter button Facebook button Youtube button