Toyota Motor Corporation Vehicles Continue to Dominate the 2013 J.D. Power and Associates Vehicle Dependability Study
TORRANCE, Calif., Feb. 13, 2013 – Seven Lexus, Toyota, and Scion models captured segment awards in the 2013 J.D. Power and Associates Vehicle Dependability Study, more than any other automaker.
Filed under: Government/Legal , Toyota Toyota announced today that it has reached a settlement with the Attorneys General of 29 states and one US territory that will resolve their complaints relating to recalls performed by the automaker from 2005-2010, including those related to sticky accelerators and malfunctioning floor mats that may have contributed to cases of unintended acceleration. The settlement includes a payout of $29 million to be divided among the states and US territory, as well as a commitment from Toyota “to take steps to make vehicle information more easily accessible to consumers to help them operate their vehicles safely and make more informed choices.” The settlement also has Toyota continuing its rapid-response service teams and quality field offices that were put in place shortly after the largest of the recalls from 2010, as well as a “range of customer care amenities for owners of vehicles subject to certain recalls,” though the press release below isn’t specific about what those amenities might be. This settlement marks the second major step in the last few months that Toyota has taken to settle legal disputes surrounding the unintended acceleration recalls, the first being a $1.4 billion settlement to address economic loss suffered by owners of current and past Toyota vehicles that may have lost value on account of these recalls. Continue reading Toyota settles complaints with states Attorneys General for $29 million Toyota settles complaints with states Attorneys General for $29 million originally appeared on Autoblog on Thu, 14 Feb 2013 17:43:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Coupe , Performance , Toyota , UK As dearly as we love the Toyota GT86 / Scion FR-S / Subaru BRZ franchise, we readily admit we wouldn’t look sideways at a model with a bit more firepower. And while that’s not quite on the table yet, Toyota has been busy amping up the visual firepower of its rear-drive coupe with a whole host of TRD parts. To this point, that’s been a largely
CHICAGO (Jan. 22, 2013) – As the 2013 Chicago Auto Show draws near, Toyota plans on showcasing its American “success stories,” as evidenced by numerous award-winning vehicles and a strong motorsports presence in the automaker’s exhibit.
Filed under: Technology , BMW , Toyota For over a year now, we’ve been hearing about a potential partnership between Toyota and BMW on everything from sports cars to lithium-ion batteries , but one of the first cooperative projects between these two automakers could bring Toyota’s hydrogen fuel cell technology to a BMW vehicle. Reuters is reporting that an announcement is likely to be made as soon as later this week regarding a BMW fuel cell vehicle that could be in production by 2020 with a prototype running around by 2015. The last we heard of Toyota’s fuel cell technology, it was in the FCV-R Concept that we saw at the 2011 Tokyo Motor Show , but there is no word how far along in development this system is. If it does come to fruition, such a vehicle for BMW would build on the automaker’s commitment to hydrogen that started with the Hydrogen 7 , which unlike a fuel cell vehicle, simply ran on hydrogen fuel rather than converting it to electricity for use in motors. We’re definitely interested where this Toyota/BMW tie up could be headed. Toyota close to licensing deal with BMW for fuel cell technology originally appeared on Autoblog on Wed, 23 Jan 2013 17:59:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Plants/Manufacturing , Toyota A growing number of foreign automakers have been shifting more vehicle production to the US – including recent announcement by Nissan and Honda – but Toyota could be on the verge of taking an unprecedented step by producing all of the cars it sells in the US right here in North America. According to the Detroit Free Press , Bill Fay, VP and GM of Toyota US, hinted at such a possibility, but the wording in the report makes it sound like this is far from a done deal and would not apply to Scion or Lexus models. Currently, the automaker already builds 70 percent of its US-sold cars in North America including some of its more popular models like the Camry , Corolla , Highlander , Tacoma and RAV4 . While most of the Japanese-made Toyotas that are sold in the US are slower-selling models (like Land Cruiser , FJ Cruiser and Yaris ), the Prius lineup is the glaring exception, and last we heard, Toyota still has plans to ship Prius production to the US by 2015 . This is all a part of Toyota’s plan to add 3,500 jobs in North America to go with recent investments totaling $1.6 billion. Toyota exec sees future where all cars sold in US are built here originally appeared on Autoblog on Sun, 20 Jan 2013 16:01:00 EST. Please see our terms for use of feeds . Permalink
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.
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
Filed under: Hybrid , Government/Legal , Recalls , Safety , Crossover , Lexus , Toyota , Luxury This summer, we brought you news that Lexus was recalling over 150,000 RX and RX hybrid crossovers tied to its massive pedal entrapment issue. An update to that story included word from the National Highway Traffic Safety Administration that it was considering launching a federal investigation into potential delays by the automaker in notifying owners about the problem. Now comes news that parent company Toyota will pay a hefty $17.35 million in fines for delaying its recall of the 2010 Lexus RX 350 and RX 450h. According to The Detroit News , the Japanese automaker is being forced to pay the maximum fine for delaying recalls – and this isn’t the first time. In fact, this is the fourth time since 2010 that Toyota has been required to do so, including paying $48.8M in civil penalties in 2010 for failing to recall vehicles in a timely manner – in three separate campaigns. In addition to the fines, Toyota has agreed to restructure the way it handles quality control and review “safety-related issues.” Though the Japanese automaker has not admitted any wrongdoing, Toyota has agreed to meet with NHTSA for six months on the matter and may extend the meetings another six months. US Transportation Secretary Ray LaHood says he is counting on Toyota to improve its ability to address such safety issues: “With today’s announcement, I expect Toyota to rigorously reinforce its commitment to adhering to the United States safety regulations,” he said in a statement. According to the report, Toyota has recalled more vehicles than any other automaker so far this year – 5.3 million in 13 separate campaigns – putting it about two million units ahead of second-place Honda . This latest fine is a drop in the bucket compared to Toyota’s expected global profits of $9.7 billion by the end of March, 2013. That said, Congress has already agreed to a new fine that will push the maximum penalty for delayed recalls up to $35 million.
NEW YORK – Dec. 4, 2012 – Toyota today highlighted its sustainable manufacturing advancements and commitment to environmental leadership as the automaker released its 2012 North America Environmental Report. The report spans Toyota operations in the United States, Canada and Mexico over the fiscal year, including research and development, manufacturing, logistics and sales. Toyota remains the most fuel-efficient full line auto manufacturer in the United States and the industry hybrid leader.