Toyota sells off Tesla shares, too

Toyota sells off Tesla shares, too

October 25, 2014 by · Leave a Comment 

Filed under: BMW , Toyota , Tesla The incredible rise of Tesla’s stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler , parent company of Mercedes-Benz , ditched its four-percent stake , and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment. The move comes as Toyota winds down sales of the RAV4 EV , which gets its batteries and electric motor from Tesla at the company’s Fremont, CA factory. “We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects ,” Toyota spokesperson Kayo Doi told Bloomberg via email. According to Bloomberg , Toyota maintained a 2.4-percent stake as recently as March 31, making it the tenth-largest of Tesla’s investors. As the Japanese shed an undisclosed percentage of its shares, though, another automaker might be eyeing the California company. Value Walk has a speculative story that claims BMW could be looking at tying up with Tesla, based on a reported meeting between execs from the two companies. The fact that the Munich-based company’s carbon-fiber expertise fits nicely with the Palo Alto company’s EV knowhow is apparently the driving force behind this speculation. But as usual, take this with a grain of salt. Toyota sells off Tesla shares, too originally appeared on Autoblog on Fri, 24 Oct 2014 14:15:00 EST.

Toyota sells off Tesla shares, too

Toyota sells off Tesla shares, too

October 25, 2014 by · Leave a Comment 

Filed under: BMW , Toyota , Tesla The incredible rise of Tesla’s stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler , parent company of Mercedes-Benz , ditched its four-percent stake , and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment. The move comes as Toyota winds down sales of the RAV4 EV , which gets its batteries and electric motor from Tesla at the company’s Fremont, CA factory. “We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects ,” Toyota spokesperson Kayo Doi told Bloomberg via email. According to Bloomberg , Toyota maintained a 2.4-percent stake as recently as March 31, making it the tenth-largest of Tesla’s investors. As the Japanese shed an undisclosed percentage of its shares, though, another automaker might be eyeing the California company. Value Walk has a speculative story that claims BMW could be looking at tying up with Tesla, based on a reported meeting between execs from the two companies. The fact that the Munich-based company’s carbon-fiber expertise fits nicely with the Palo Alto company’s EV knowhow is apparently the driving force behind this speculation. But as usual, take this with a grain of salt. Toyota sells off Tesla shares, too originally appeared on Autoblog on Fri, 24 Oct 2014 14:15:00 EST.

NHTSA releases updated Takata airbag recalled cars list, but it still has errors

NHTSA releases updated Takata airbag recalled cars list, but it still has errors

October 22, 2014 by · Leave a Comment 

Filed under: Recalls , Safety , BMW , Chrysler , Dodge , Ford , Honda , Infiniti , Mazda , Mitsubishi , Nissan , Pontiac , Subaru , Toyota Unfortunately, the government’s list still contains errors. The National Highway Traffic Safety Administration has issued an updated list of vehicle models that it’s urging owners to repair under the mushrooming Takata airbag inflator recall. The latest version adds vehicles from new automakers like Subaru and Ford that are missing from the original announcement , and it also removes erroneous entries from General Motors , leaving only the 2005 Saab 9-2X (a reskinned Subaru WRX ), and the 2003-2005 Pontiac Vibe , a joint project with Toyota . According to a statement sent to Autoblog by GM, the inaccurate entries on the earlier version came because, “The original NHTSA advisory incorrectly listed a group of 2002-2003 GM models that were part of a 2002 recall involving airbags made by other suppliers.” This campaign has been spurred by recent discoveries from Takata about the risks from these inflators . It’s possible for the airbags to rupture in a crash and spray shrapnel at occupants. The problem is known to have caused serious injuries and several deaths , and the likelihood of a malfunction has been determined to be especially likely in high humidity areas. The recalls related to the faulty parts go back to at least 2001 , and most of the vehicles on the latest list are also among the same ones from a campaign in June . Since this isn’t a new recall and NHTSA is simply urging people to take action, it’s possible some of these models might already be repaired. NHTSA appears to be having serious problems with the stress the Takata airbag issue is putting on its consumer website. According to The Detroit News , the agency’s VIN lookup service is down , and its daily listing of new recalls is also not working as of this writing.

NHTSA urges owners of recalled Takata airbag vehicles to take immediate action

NHTSA urges owners of recalled Takata airbag vehicles to take immediate action

October 20, 2014 by · Leave a Comment 

Filed under: Recalls , Safety , Acura , BMW , Buick , Cadillac , Chevrolet , GM , GMC , Honda , Infiniti , Lexus , Mazda , Nissan , Pontiac , Toyota The National Highway Traffic Safety Administration and the Department of Transportation are taking the unusual step of issuing a followup press release urging owners of certain recalled vehicles “to act immediately” to fix their cars and trucks. The problem in question concerns the repair campaigns for rupturing Takata airbag inflators issued in June and covers a long list of models from Toyota , Lexus , Honda , Acura , Mazda , BMW , Nissan , Infiniti , Buick , Cadillac , Chevrolet , GMC , Oldsmobile and Pontiac . While NHSTA doesn’t specifically say why the recall is vital in the new release, Toyota’s own explanation in its newly announced renotification campaign earlier today sheds some new light on the topic. According to the Japanese automaker, in testing, Takata found a possible link between the rupturing airbag inflators and high humidity. NHTSA is advocating that all owners pursue repairs immediately if they haven’t already done so already. This is especially crucial for those drivers especially in Florida, Puerto Rico, Guam, Saipan, American Samoa, Virgin Islands and Hawaii because of the humid conditions there. We don’t need to tell you how dangerous an inadvertent airbag deployment could be – even in a stationary vehicle – but adding to the Takata issue is fears that the deployment could lead to s hrapnel being sprayed into the cabin . If you’re unsure whether your vehicle is covered under this campaign, NHTSA has a new VIN lookup tool for all recalls recently that could be handy in this situation. Scroll down for the full list of potentially affected models and the agency’s statement – there are upwards of nearly five million vehicles that could be affected. Continue reading NHTSA urges owners of recalled Takata airbag vehicles to take immediate action NHTSA urges owners of recalled Takata airbag vehicles to take immediate action originally appeared on Autoblog on Mon, 20 Oct 2014 13:30:00 EST.

Airbag recall widens to include BMW, Chrysler, Ford and Toyota

Airbag recall widens to include BMW, Chrysler, Ford and Toyota

June 24, 2014 by · Leave a Comment 

Filed under: Recalls , Safety , Acura , BMW , Chrysler , Ford , Honda , Infiniti , Lexus , Mazda , Nissan , Toyota The recall of faulty airbag inflators supplied by Takata has exploded today to grow to seven automakers. In most cases, only models in certain high-humidity regions were affected because the National Highway Traffic Safety Administration found in its investigation that moisture played a roll in determining whether there would be a problem . However, some companies opted for national campaigns. The exact number of affected models for these campaigns isn’t yet known at this time. BMW is recalling an undisclosed number of 325i , 325Xi, 330i and 330Xi models from the 2001 through 2005 model years and the 2001-2006 model year versions of the 325Ci and 330Ci for the driver side and passenger side inflators. Only vehicles currently registered in Florida, Puerto Rico, Hawaii and the US Virgin Islands are covered under this recall. Neither Chrysler’s filing with NHTSA nor its press release list the specific models affected, but a company spokesperson told Autoblog that at this time it only covers the driver and passenger side inflators for the 2006 Dodge Charger in Florida, Puerto Rico, Hawaii and the US Virgin Islands In most cases, only models in certain high-humidity regions were affected because the NHTSA found that moisture played a roll in determining if there would be a problem. Ford is recalling an estimated 58,669 cars that include the 2005-2006 model years of the Ford GT for the driver and passenger inflators, the 2007-2007 model years of the Mustang for the driver side and 2004 Ranger for the passenger side. It covers vehicles originally sold or currently registered in, wait for it… Florida, Puerto Rico, Hawaii and the US Virgin Islands.

Tier 1 suppliers call GM the worst OEM to work with

Tier 1 suppliers call GM the worst OEM to work with

May 13, 2014 by · Leave a Comment 

Filed under: Plants/Manufacturing , BMW , Chrysler , Ford , GM , Honda , Mercedes-Benz , Nissan , Toyota , Volkswagen Among automakers with a big US presence, General Motors is the worst to work for, according to a new survey from Tier 1 automotive suppliers, conducted by Planning Perspectives, Inc. The Detroit-based manufacturer, which has been under fire following the ignition switch recall and its accompanying scandal, finished behind six other automakers with big US manufacturing operations. Suppliers had issues with trust and communications, as well as intellectual property protection. GM was also the least likely to allow suppliers to raise their prices in the face of unexpected increases in material cost, all of which contributed to 55 percent of suppliers saying their relationship with GM was “poor to very poor.” GM’s cross-town competitors didn’t fare much better. Chrysler finished in fifth place, ahead of GM and behind Dearborn-based Ford , which was passed for third place this year by Nissan . Toyota took the top marks, while Honda captured second place. PPI also surveyed suppliers of Volkswagen , BMW and Mercedes-Benz , each of which has considerably smaller manufacturing presence relative to the American and Japanese brands (there are only three US factories between the three of them). Mercedes and VW were ranked behind GM, while BMW would have been just behind Toyota. According to Reuters , this survey serves to illustrate a big issue facing American manufacturers – Japanese brands aren’t just on good terms with suppliers, but their relations are actually improving. PPI boss John Henke said the popularity of Toyota and Nissan among suppliers increased considerably, indicating that we “could be entering an era in supplier relations that doesn’t bode well for the US Big Three.” Tier 1 suppliers call GM the worst OEM to work with originally appeared on Autoblog on Mon, 12 May 2014 16:29:00 EST.

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.

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

Honda scores big in Automobile Advertising of the Year Awards [w/videos]

Honda scores big in Automobile Advertising of the Year Awards [w/videos]

January 16, 2014 by · Leave a Comment 

Filed under: Detroit Auto Show , Marketing/Advertising , Videos , BMW , Honda , Hyundai , Toyota , Fiat This year the Detroit Auto Show didn’t just celebrate the automobile, it celebrated how we find out about the automobile, too. Partnering The One Club, this year introduced the 2014 One Show Automobile Advertising of the Year Award to Cobo Hall, celebrating winners in five different categories of advertising: broadcast television, online, interactive, experiential, and print/outdoor. Winners in those categories were judged by 50 creative directors and journalists, while a Public Choice category was chosen from among nearly 20,000 online votes. Honda walked off with three of the six awards, its Hands spot taking Broadcast honors, its Sound of Honda getting the Online category and Illusions winning Public Choice. Hyundai made the grade in Interactive with Driveway Decision Maker , Fiat captured Print/Outdoor with its ” Letters ” ad, and Toyota’s Tundra Endeavor Campaign spot and BMW’s A Window into the Near Future were co-winners for Experiential. You can watch all of the press release and winning videos below or check out all of the finalists, announced last month , for a refresher. Continue reading Honda scores big in Automobile Advertising of the Year Awards [w/videos] Honda scores big in Automobile Advertising of the Year Awards [w/videos] originally appeared on Autoblog on Wed, 15 Jan 2014 17:15:00 EST. Please see our terms for use of feeds . Permalink

BMW-Toyota joint sports car project is on like Donkey Kong

BMW-Toyota joint sports car project is on like Donkey Kong

December 31, 2013 by · Leave a Comment 

Filed under: Performance , BMW , Toyota It’s official – there will be a jointly developed sports car from BMW and Toyota . While the two auto giants signed a Memorandum of Understanding that pledged to pursue “joint development of architecture and components for a future sports vehicle” back in June of 2012, in the interim, it has remained unclear how those plans had been progressing. BMW has finally officially confirmed that the German and Japanese manufacturers will be codeveloping a pair of sports cars in addition to pursuing other disciplines including fuel cell systems and lightweight technologies. “We have agreed on a joint architecture for a sports car. What is important is that there will be two different vehicles that are authentic to the two brands,” BMW Development Chief Herbert Diess told Germany’s Frankfurter Allgemeine Zeitung, Reuters is reporting. This is a very, very big step for both brands, but now the speculation can officially begin as to what the products of this agreement will look like. There’s ample reason to believe that the BMW-Toyota tie up will result in a Supra successor based on comments made by the chief engineer of the GT86/FR-S program , Tatsuya Tada, back in August. Follow that with a rumor from earlier this month that Toyota could debut a Supra concept car at the upcoming Detroit Auto Show later this month, and we could be seeing the fruits of this partnership sooner rather than later. While we can make educated guesses about what the Toyota end of this partnership will develop, the fruit from BMW’s side of this joint agreement seemingly remains more of an open question. Will it be an entirely new model, or perhaps something like Z4 Coupe replacement?

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