Toyota raises Japanese base wages for first time since 2008

Toyota raises Japanese base wages for first time since 2008

March 14, 2014 by · Leave a Comment 

Filed under: Japan , Plants/Manufacturing , Toyota , Earnings/Financials Toyota is on track for record profits, and in return, its Japanese workers are receiving their first increase in base wages since 2008, plus higher pay based on seniority and a larger bonus for 2014. The Japanese automaker predicts the average laborer will net a 2.9 percent income gain. The average Toyota employee will earn 2,700 yen ($26.28) more each month, a 0.8 percent increase from last year. Workers will also receive about 7,300 yen ($71.09) more monthly based on seniority and promotions. Finally, the company’s union pushed through a median bonus of 2.44 million yen ($23,768) for 2014, the highest in 6 years. The pay boost comes as Toyota forecasts a record 1.9-trillion yen ($18.5 billion) profit for the fiscal year ending on March 31, according to Bloomberg . It has been helped by the Japanese government’s efforts to weaken the yen on international markets and expand inflation. Prime Minister Shinzo Abe has been asking businesses to increase compensation to end years of deflation and offset upcoming higher sales taxes. Honda and Nissan have also raised their wages there in recent months. Toyota raises Japanese base wages for first time since 2008 originally appeared on Autoblog on Fri, 14 Mar 2014 11:29:00 EST.

Remember when C-segment cars were supposed to be hot stuff? Yeah, about that…

Remember when C-segment cars were supposed to be hot stuff? Yeah, about that…

March 11, 2014 by · Leave a Comment 

Filed under: Car Buying , Chevrolet , Dodge , Ford , GM , Honda , Hyundai , Kia , Mazda , Subaru , Toyota , Volkswagen What do the Dodge Dart , Ford Focus , Honda Civic , Mazda3 , Subaru Impreza , Toyota Corolla and Volkswagen Jetta all have in common? Well, actually, lots. They are all four-door sedans that fall into the so-called C-segment, and they are all trending downward in sales. This data comes courtesy of Wards Auto , and, while not all such vehicles are down – the Hyunai Elantra has been trending upward – the deficit reportedly rings in at six-percent overall for the segment. Where are all those compact sedan buyers going? To compact SUVs, at least in part. Wards cites data showing that sales of small SUVs and crossovers are up big over the last several months. Vehicles like the Honda CR-V, Toyota RAV4 and Mazda CX-5 are all showing sales increases as buyers shift from sedans to utility vehicles, says Wards . Still, it’s way too early for automakers to give up on C-segment sedans. Though down, sales of popular models like the Civic and Corolla are good enough to put them well into the top 10 sales chart (in ninth and sixth place, respectively).

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

Honda Civic overtakes Toyota Corolla as America’s best-selling compact

November 5, 2013 by · Leave a Comment 

Filed under: Car Buying , Budget , Sedan , Plants/Manufacturing , Honda , Toyota , Earnings/Financials The battle to claim October’s best-selling compact sedan title has been won by the Honda Civic . The Japanese four-door sold 27,328 units, leaving the Toyota Corolla – September’s title holder – in its wake with 23,637 units sold. In terms of year-to-date sales, the Civic sits at 280,899 units, with the Corolla trailing at 257,184 vehicles. Sitting in third place, separated by a significant gap from the leaders, is the Chevrolet Cruze with 16,087 units sold. The Ford Focus earned fourth, with 15,108 units moved out of showrooms. (It is interesting to note that while the Civic and Corolla have both enjoyed double-digit sales increases year-over-year, the Cruze and Focus have seen significant decreases during the same period.) Sales of the Hyundai Elantra hit 14,876 units, putting it in fifth place, with the Volkswagen Jetta earning sixth place with 11,710 units. Rounding out the ten top sellers were the Nissan Sentra (8,399 units), Mazda3 (7,647 units), Dodge Dart (5,617 units) and Subaru Impreza / WRX (4,923 units). The Kia Forte (4,706 units) and Volkswagen Golf (2,249 units), eleventh and twelfth respectively, have fallen behind. For complete US auto sales coverage, be sure to check out our By the Numbers articles, which we run at the end of every month. Honda Civic overtakes Toyota Corolla as America’s best-selling compact originally appeared on Autoblog on Mon, 04 Nov 2013 08:43:00 EST.

Finalists for 2014 Green Car of the Year announced

October 18, 2013 by · Leave a Comment 

Filed under: LA Auto Show , Hybrid , Sedan , Technology , Hatchback , Audi , BMW , Honda , Mazda , Toyota , Diesel The list of finalists for the 2014 Green Car of the Year has been announced, and in a genuinely bizarre twist, there’s only one hybrid and no electric vehicles among the five contestants, despite the arrival of cars like the BMW i3 and Tesla Model S . Taking the place of the EVs are a pair of diesels, repping a technology that last won a Green Car of the Year award in 2009, when the Audi A3 TDI took the title. No diesel was in the running for last year’s award. Naturally, both of the diesel finalists are fielded by the Germans – with BMW’s 328d and Audi’s A6 TDI getting the nod. In the case of the 3 Series , BMW installed a 2.0-liter, turbodiesel, capable of delivering 180 horsepower and 280 pound-feet of torque, while returning 45 miles per gallon on the highway. Audi and its larger, 3.0-liter, V6 turbodiesel produce quite a bit more grunt, with 240 hp and 428 lb-ft of grunt, but net a very impressive 38 mpg on the highway in the A6 . Finalists for this year’s awards include two diesels, three gas-powered cars and a plug-in hybrid. This year’s awards are a coup for gas-powered vehicles, as well. Both the Toyota Corolla and Mazda3 are finalists, with jurors citing the Mazda’s i-ELOOP and Skyactiv technology, which allow the handsome car to net up to 41 mpg. The Corolla, meanwhile, offers a new Eco trim, which can return 42 mpg from its 1.8-liter, naturally aspirated, gas engine.

Edmunds ranks the best used cars for 2013

Edmunds ranks the best used cars for 2013

September 15, 2013 by · Leave a Comment 

Filed under: Car Buying , Chevrolet , Dodge , Ford , Honda , Hyundai , Infiniti , Mazda , Mercedes-Benz , Subaru , Toyota , Volvo , Read This When people ask us what car we would recommend for them, it’s usually not easy to answer. To make a useful recommendation we must consider which of the numerous vehicle segments fits their needs best, and then choose one of the many vehicles offered in each segment. For some people, new cars don’t meet their expectations of value, because they lose so much of it the moment they are purchased and driven off the dealer lot. For them, there’s always the used-car market, where great deals can be found, but cars’ histories of reliability and maintenance records – and perhaps that Certified Pre-Owned warranty – become ever-important factors playing into purchase choice. To help out, Edmunds has done us the favor of assembling a list of the best used vehicles money can buy, covering model years 2006-2011, according to what it considers the most important criteria when shopping for used autos: reliability, safety, value and availability. That means unreliable, unsafe, super-expensive or limited-edition models don’t appear on the list, but instead cars from each segment that are more likely to satisfy the general population. There are some real goodies on the list, including but not limited to vehicles such as the capable Honda Fit , the cultish Honda Accord coupe (which can be had with a 240-horsepower V6 and a six-speed manual transmission some years), and the powerful Chevrolet Corvette . While Edmunds ‘ choice of the Volvo C70 for best used convertible baffled us at first (not that it’s a bad car), it redeemed itself by stating that the Mazda MX-5 still is an unofficial top choice if you don’t require more than two seats. Be sure to visit Edmunds to study its recommendations, each of which is accompanied by a short explanation of why it made the list, and check out our photo gallery of the 18 vehicles that made the list. Edmunds ranks the best used cars for 2013 originally appeared on Autoblog on Sun, 15 Sep 2013 16:35:00 EST.

Toyota, Nissan, Honda and Mitsubishi Agree to Joint Development of Charging Infrastructure for PHVs, PHEVs and EVs in Japan

July 31, 2013 by · Leave a Comment 

TOKYO, Japan (July 29, 2013) — Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation jointly announced their agreement to work together to promote the installation of chargers for electricpowered vehicles (PHVs, PHEVs, EVs*) and build a charging network service that offers more convenience to drivers in Japan.

Ford F-150 bumps Camry from top of Cars.com American Made Index

Ford F-150 bumps Camry from top of Cars.com American Made Index

June 25, 2013 by · Leave a Comment 

Filed under: Car Buying , Truck , Chrysler , Ford , GM , Honda , Toyota With July 4th just around the corner, what better time could there be for Cars.com to announce that the Ford F-150 is the Most American car of 2013? This may be especially true since it was the Toyota Camry , a car produced by a company based in Japan, that had held the top spot from 2009 to 2012. Cars.com compiles its Most American list by considering the amount of parts each vehicle uses that come from America, where it’s final assembly takes place and how many units per year are sold. “While the assembly point and domestic parts content of the F-150 didn’t change from 2012-2013, vehicle sales are responsible for bumping the F-150 to the top spot,” according to Patrick Olsen, Editor-in-Chief of Cars.com . As far as automakers go (as opposed to individual models), Toyota retains the top spot it held in 2012, with General Motors , Chrysler , Ford and Honda (in that order) rounding out the list. The motivation behind this list each year, according to Olsen, is “to help car shoppers understand that ‘American-Made’ extends beyond just the Detroit three” and because “a study we conducted in 2012 indicated that 25 percent of shoppers surveyed preferred to buy American.” It should be noted, however, that Cars.com isn’t the only group with an American-made study, and not everyone agrees on the methodology used. In fact, a highly detailed study earlier this year by American University’s Kogod School of Business found that the Lambda CUV triplets from GM are the most American-made nameplates, and there isn’t a single vehicle from a Japanese automaker anywhere near its top ten. Feel free to browse the press release below to see how the full top-10 list breaks down. Continue reading Ford F-150 bumps Camry from top of Cars.com American Made Index Ford F-150 bumps Camry from top of Cars.com American Made Index originally appeared on Autoblog on Tue, 25 Jun 2013 00:01:00 EST. Please see our terms for use of feeds .

Toyota, Honda, Mazda and Nissan recall 3.4 million vehicles for faulty airbags

Toyota, Honda, Mazda and Nissan recall 3.4 million vehicles for faulty airbags

April 11, 2013 by · Leave a Comment 

Filed under: Government/Legal , Recalls , Safety , Honda , Mazda , Nissan , Toyota Most vehicle recalls that take place these days are a result of some problem that happens during the manufacturing process by the automaker, but as we see here, parts suppliers can also factor in to problematic safety issues. Automotive News is reporting that a total of 3.4 million vehicles produced by Japanese automakers between 2000 and 2004 are being recalled globally due to faulty airbags produced by an outside supplier, Takata Corp. According to the report, vehicles from Toyota , Honda , Nissan and Mazda are being recalled because of passenger front airbags that do not inflate properly. Globally, Toyota is said to be recalling around 1.73 million cars including 510,000 in the US composed of Toyota Corolla , Matrix , Sequoia and Tundra as well as the Lexus SC430 for the 2001 through 2003 model years; this is the second time this year the 2003 Corolla and Matrix have been recalled for an airbag problem. Honda is recalling 1.14 million models, Nissan another 480,000 and Mazda 45,463. The article says that Takata supplied faulty airbags to non-Japanese automakers, but it did not specify which ones. Honda and Toyota have released information on their own websites about the recall, while Nissan and Mazda have not yet commented. Read official press releases from Honda and Toyota , below, and look for updates as we have word from the others. Continue reading Toyota, Honda, Mazda and Nissan recall 3.4 million vehicles for faulty airbags Toyota, Honda, Mazda and Nissan recall 3.4 million vehicles for faulty airbags originally appeared on Autoblog on Thu, 11 Apr 2013 09:15:00 EST. Please see our terms for use of feeds .

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