Filed under: Budget , Sedan , Etc. , Government/Legal , Safety , Toyota Judge James V. Selna has warned jurors in a wrongful death suit about suspicions surrounding Toyota . According to Inside Line, the warning comes tied to the automaker’s conduct during an investigation of a 2008 Camry involved in a fatal crash allegedly caused by unintended acceleration . The single-car accident in Utah claimed the lives of the driver, Pual van Alfen, as well as one other passenger. Two passengers were also injured in the event on November 5, 2010. According to the report, two weeks later, Toyota inspected the sedan without the owner’s presence or consent, including the onboard black box . Judge Selena cautioned jurors that they should treat the testimony of Toyota personnel who participated in the investigation with “greater caution than that of other witnesses.” Plaintiffs argued that without their own lawyers present during the inspection, data from the Event Data Recorder could have been changed or deleted entirely. The Judge said that while there was no evidence that Toyota did so, the fact that the automaker failed to notify the owner of the inspection casts a “cloud of suspicion” over the examination. Judge cautions jurors over Toyota conduct in sudden acceleration case originally appeared on Autoblog on Fri, 01 Jun 2012 17:59:00 EST.
Filed under: Toyota , Earnings/Financials Things are good again at Toyota , which reported a $1.5 billion profit for the quarter, wrapping up a fiscal year in which it made just $3.5 billion, according to Business Week . While Toyota saw sales growth in Europe, Africa, and its home market, North America was a weak point. Sales revenue for the fiscal year totaled $232 billion, down two percent, according to the report. Though the company still beat its forecast of $2.5 billion, the real excitement surrounds its projections for the next 12 months. As predicted by analysts , Toyota says it expects to make $9.5 billion in the year that extends through March of next year, showing that the automaker has fully recovered from the effects of last year’s tsunami , according to the report. Toyota releases financial results, predicts profits will double in 2012 originally appeared on Autoblog on Wed, 09 May 2012 18:30:00 EST. Please see our terms for use of feeds . Permalink
Filed under: GM , Toyota , Earnings/Financials Toyota has had some recent setbacks, what with last year’s natural disasters and its lengthy recall problems . But according to Bloomberg , the carmaker is back on track, and is expected to post its largest profit in five years. Toyota reports financial results for its fiscal year tomorrow, and is expected to have a $10 billion net income, which would put Toyota ahead of General Motors in earnings, according to the report. The Japanese automaker is expected to forecast a 12 percent sales growth for next year, which would make it the largest global carmaker by revenue, though Volkswagen is expected to lead in earnings. Bloomberg reports that Toyota’s 2012 calendar year sales are expected to increase 21 percent, to 9.58 million units, which would be a record for the automaker. Toyota shares on the Tokyo stock exchange are up 22 percent for the year. Toyota to best GM’s profit originally appeared on Autoblog on Tue, 08 May 2012 18:02:00 EST. Please see our terms for use of feeds . Permalink
TORRANCE, CALIF. (April 25, 2012) –
Filed under: Spy Photos , Crossover , Toyota The Toyota RAV4 is due for a major update, having last been redesigned for the 2006 model year. Yes, it’s gotten some tweaks since that time, but the compact crossover market is an ever-evolving place filled with tough competition from around the globe, and Toyota needs the RAV4 to maintain its hard-fought market share. According to our spy photographers, the RAV4′s next redesign is right around the corner. Judging from these photos, it would appear that Toyota is keeping its little ‘ute to the confines of pavement – a wise decision, as vehicles of this ilk never venture very far off the beaten path. That said, the sharply angular lines of this new model’s head and taillamps bring its styling more in line with the latest Camry and Avalon sedans while still putting its occupants over the heads of shorter machinery. Rumors suggest that the 2013 RAV4 will enter production in the fall of ’12, powered by a range of four-cylinder engines and possibly a hybrid. We’d be a bit surprised if the automaker’s 3.5-liter V6 weren’t available, as well. See the spy shots for yourself in our high-res image gallery above. Are you the next Toyota RAV4? originally appeared on Autoblog on Tue, 10 Apr 2012 19:29:00 EST.
Filed under: Aftermarket , Motorsports , Coupe , Performance , Etc. , Hatchback , Lexus , Toyota , Racing Cash-strapped enthusiasts may not have had much to get all sticky over from Camp Toyota in recent years, but the automaker’s new GT 86 / Scion FR-S coupe promises to mine a rich paystreak of driving enjoyment. And while we’re big (okay, huge) fans of the car’s low-speed dynamic thrills, not every enthusiast is so forgiving of its rather middling power and acceleration figures. We knew it wouldn’t take long for the aftermarket to remedy this perceived power deficit with things like forced induction and ECU reflashes, but we foolishly expected a full engine swap to take a bit longer than it apparently has. What you’re looking at here is Manabu “Max” Orido’s Toyota GT 86 prepped for drifting in D1 Grand Prix events. In this case, that means the two-door has been gutted and stuffed with the 5.0-liter V8 from the Lexus IS F , one of Toyota’s more emotive offerings thanks to its honkin’ great eight. Orido’s GT 86 is shown here undergoing shakedown testing, and from the looks of things, the transplant appears to be going rather swimmingly. At first glance, we even dig the more aggressive widebody look, lack of paint and all. Check it out for yourself below , and be sure to have your speakers on. Continue reading Well That Didn’t Take Long: V8-powered Toyota GT 86 drift car undergoes testing Well That Didn’t Take Long: V8-powered Toyota GT 86 drift car undergoes testing originally appeared on Autoblog on Fri, 30 Mar 2012 19:56:00 EST.
Filed under: Car Buying , Budget , Hybrid , Hatchback , Toyota Toyota is pretty sure that its expanded Prius family will drive up sales of the world’s best-selling hybrid, and the early sales returns indicate that the company is right, right, right. After the Prius V sold about 8,400 units in the U.S. in the first ten weeks , the smaller, cheaper and more efficient 2012 Toyota Prius C is also getting a lot of attention. Toyota announced today that the C sold 1,201 units in just the first three days it was on sale. That’s enough to make it “one of Toyota’s fastest-selling vehicles,” according to the automaker, which also pointed out that those three days of sales is more than either the Nissan Leaf or Chevrolet Volt sold all last month. If anything, those 1,201 sales are not as impressive as the C managed in Japan (where it is badged ‘Aqua’) – Toyota obtained 120,000 orders in the first five days it was on sale , though it isn’t immediately clear how many units have actually been sold. So far, the newly expanded Prius family has sold almost 10,000 units in the U.S. through the first half of March. This certainly points to the Prius franchise doing well in 2012. Last year in the U.S., Toyota sold 136,463 examples of its Prius Liftback (it sold 140,928 in 2010) and expects to sell 220,000 Prius models of all types here this year.
Filed under: Plants/Manufacturing , Crossover , Toyota Toyota is struggling with the rising yen, so much so that the automaker has been shifting vehicle production outside of Japan . That’s bad news for laborers in Japan, but it works out in favor of the American workforce in Princeton, Indiana. That’s because Toyota has announced that it will hire 400 more workers and spend $400 million to ramp up production of the popular Highlander . Toyota plans to ship off the extra production to buyers in countries like Russia and Australia. The plant expansion and additional jobs will enable the Princeton plant to crank out 50,000 additional Highlander models each year. Toyota plans to complete the upgrades to the Princeton facility by late 2013. Hit the jump to read over the Toyota press release. Continue reading Toyota to export Highlander from U.S. to Australia, Russia Toyota to export Highlander from U.S. to Australia, Russia originally appeared on Autoblog on Sun, 12 Feb 2012 12:03:00 EST.
Filed under: Chicago Auto Show , SUV , Toyota Look very, very closely. This is the 2013 Toyota Land Cruiser , which, though not immediately apparent, is different than the 2012 model. How, exactly? The updated SUV has new features like LED running lamps up front, a revised taillamp design and some new wheel options. Inside, there’s a brand new hard drive-based navigation system complete with Toyota’s fancy new Entune infotainment system. Aside from that, there isn’t much else in the way of newness for Toyota’s stalwart off-roader. Under the hood is the automaker’s 5.7-liter V8 with 381 horsepower and 401 pound-feet of torque, and a standard Multi-Terrain Select system keeps things in check for when the pavement turns to dirt… or sand… or mud. Check out the full scope of Land Cruiser goodness in the press release after the jump , and click through our gallery of images live from the Chicago Auto Show to see all of those ever-so-slight design tweaks.