Toyota Motor Corporation Announces April-September 2013 Financial Results

November 6, 2013 by · Leave a Comment 

Toyota City, Japan, November 6, 2013—Toyota Motor Corporation (TMC) today announces financial results for the six-month period ended September 30, 2013. On a consolidated basis, net revenues for the period totaled 12.53 trillion yen, an increase of 14.9 percent compared to the same period last fiscal year. Operating income increased from 693.7 billion yen to 1.25 trillion yen, while income before income taxes 1

Toyota reveals Tokyo Motor Show concepts

November 5, 2013 by · Leave a Comment 

Filed under: Concept Cars , Hybrid , Performance , Japan , Tokyo Motor Show , Toyota , Specialty , Design/Style , Electric Toyota is getting ready for the Tokyo Motor Show later this month, and to tease us, the Japanese automaker has released photos and information about the concept vehicles it’ll be bringing to the show. In all, there’ll be five world premieres from Toyota (six if you split the Voxy and Noah minivan concepts), including some vehicles that’ll be released in the near future, and others that need more time to incubate. Let’s get the world premieres out first. Toyota is a pioneer of gasoline-electric hybrids, but it’s also pursuing hydrogen fuel cell-powered vehicles. The clearest indication of this is the FCV concept , a hydrogen-powered sedan in the same vein as the the FCV-R that will bow at the auto show. (Read more about the FCV, here .) Other world debuts include the FV2 concept (pictured), a unique, one-seat future vehicle that emphasizes the “Fun to Drive” philosophy; the JPN TAXI concept , a next-generation taxi concept designed with Japanese hospitality in mind; and the Voxy and Noah concepts, next-generation minivans that differ most in exterior design cues and are scheduled to launch in the Japanese market in early 2014. The Aqua G Sports concept , based on the Prius C , will debut at the show and is a hybrid sports car that’s scheduled to launch in the Japanese market later this month. The i-Road , an electric trike that’s already been confirmed for production (check out our recent test, here ) will also be on display. We’ve been waiting for this next concept since the Toyota GT-86/Scion FR-S was launched, and we’ve already seen it in person , but Toyota will debut the FT-86 Open Concept again, calling it a “world premiere.” Toyota says it “was created to explore future sports car variations,” and while it hasn’t changed since our last viewing, the car now wears a new paint color: Flash Red. Since the paint was created specifically for the auto show, we can only guess that this is why Toyota considers it a world premiere, unless we find out otherwise.

Toyota to Showcase Future Mobility at Tokyo Motor Show

November 5, 2013 by · Leave a Comment 

Tokyo, Japan, November 5, 2013—Toyota Motor Corporation will display five world-premiere concept vehicles in its Toyota exhibit at the 43rd Tokyo Motor Show. The show, to be held at Tokyo Big Sight in Koto Ward, Tokyo, will run from November 20 to December 1.

TMG Lexus LS Sports 650 destined for production after 2015?

TMG Lexus LS Sports 650 destined for production after 2015?

November 1, 2013 by · Leave a Comment 

Filed under: Sedan , Performance , Lexus , Toyota There’s little question that Lexus has succeeded in challenging its German rivals in the luxury marketplace. And with the LFA , it has proven that Japan can build a world-class supercar. What’s left blank is the space in between. Toyota Motorsport GmbH came up with a compelling answer in the form of the Sports 650 prototype, a Lexus LS with a 5.0-liter twin-turbo V8 producing 641 horsepower and other go-fast components to challenge the likes of the Mercedes-Benz S63 AMG and Audi S8 . Toyota boss Akio Toyoda was reportedly so impressed with the project that he initially ordered TMG to build ten examples – one for him and each of his nine best friends. But since the model on which the project was based has since been replaced, questions remain over the project’s fate. Georg Kacher – European correspondent for Automobile and Car magazines – recently drove the prototype and reports that “the project will now likely be transferred to the new model out in 2015.” That could come down purely to speculation, but Kacher tends to get the inside line on industry news, so this particular bowl of gossip soup might not requite the usual grain of salt we otherwise might add. TMG Lexus LS Sports 650 destined for production after 2015? originally appeared on Autoblog on Fri, 01 Nov 2013 08:00:00 EST. Please see our terms for use of feeds .

Toyota officially outsells GM, VW through first three quarters

Toyota officially outsells GM, VW through first three quarters

October 29, 2013 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials When it comes to global vehicle deliveries, the term “Big Three” doesn’t apply to Ford , Chrysler and General Motors , but instead Toyota , GM and Volkswagen – in that order – through the third quarter of 2013. Toyota sold 7.41-million vehicles through the third quarter and is on track to deliver more vehicles this year than GM and VW, which sold 7.25-million and 7.03-million, respectively, through the same period, Bloomberg reports . During the third quarter, from July to September, Toyota’s 2.5-million deliveries helped to push it higher than its closest competitors this year. In that period, GM delivered 2.4-million vehicles while VW posted 2.33-million deliveries. Part of the reason behind Toyota’s and other Japanese automakers resurgence globally is the weakened yen, which can be attributed to policies made by Prime Minister Shinzo Abe since he took office in December 2012. Many refer to those monetary easing policies as ‘Abenomics,’ which has led some, such as Ford , to call Japan a currency manipulator and is a big reason why the US is lobbying to oppose Japan’s entry into the Trans-Pacific Partnership (TPP). Because the yen is weakened, Yuuki Sakurai, president of Fukoku Capital Management Inc., reportedly says, “The selling prices of some Japanese cars in the US have been lowered to make them more competitive.” In the US, at least, GM did out-deliver Toyota in the third quarter. It delivered 697,113 vehicles to Toyota’s 586,016, but that was enough for the Japanese automaker to grow 12 percent in the US and beat Ford for the first time in 15 quarters. Toyota officially outsells GM, VW through first three quarters originally appeared on Autoblog on Tue, 29 Oct 2013 11:00:00 EST. Please see our terms for use of feeds .

Toyota to Launch Advanced Driving Support System Using Automated Driving Technologies in Mid-2010s

October 13, 2013 by · Leave a Comment 

Toyota City, Japan, October 11, 2013 — Toyota Motor Corporation announces that it has developed a next-generation advanced driving support system, Automated Highway Driving Assist (AHDA), which uses automated driving technologies to support safer highway driving.

Toyota Develops New Pedestrian Safety Technology

October 10, 2013 by · Leave a Comment 

Toyota City, Japan, Oct. 11, 2013 — Toyota Motor Corporation announces that it has developed a Pre-collision System (PCS) that uses automatic steering in addition to increased pre-collision braking force and automatic braking to help prevent collisions with pedestrians.

DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal

DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal

September 28, 2013 by · Leave a Comment 

Filed under: Government/Legal , Japan , Plants/Manufacturing , Chrysler , Ford , GM , Toyota Nine Japanese suppliers have pleaded guilty in US court over charges of price fixing in the automotive parts industry, resulting in the Department of Justice doling out a total of $740 million of fines, according to a report from Bloomberg . The scandal, which has resulted in General Motors , Ford , Toyota and Chrysler spending up to $5 billion on inflated parts and driving up prices on 25 million vehicles has sent the DoJ hustling into investigations. “The conduct this investigation uncovered involved more than a dozen separate conspiracies aimed at the U.S. economy,” Attorney General Eric Holder (pictured above) said during yesterday’s press conference. As the investigation stands, the DoJ has issued $1.6 billion in fines against 20 companies and 21 individual executives, with 17 of the execs headed to prison. Deputy Assistant Attorney General Scott Hammond said, “The breadth of the conspiracies brought to light today are as egregious as they are pervasive. They involve more than a dozen separate conspiracies operating independently but all sharing in common that they targeted US automotive manufacturers.” Big-name suppliers indicted in the investigation include Mitsubishi Electric, Mitsubishi Heavy Industries, Hitachi Automotive and Mitsuba Corporation. A list of fines and other corporations named in the investigation is available at Bloomberg . DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal originally appeared on Autoblog on Fri, 27 Sep 2013 18:31:00 EST. Please see our terms for use of feeds .

Eiji Toyoda dead at 100

Eiji Toyoda dead at 100

September 17, 2013 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Japan , Toyota Toyota has had number of chiefs over its 76-year history, but none ever served as long as Eiji Toyoda. The younger cousin of the company’s founder served as president of the automaker from 1967 to 1982 and as chairman of the Toyota Motor Corporation for another ten years following the unification of the manufacturing and sales divisions. During his 25 years at the helm, Eiji Toyoda (pictured above in 1967) was credited with establishing the company’s headquarters in Toyota City, spearheading the development of the Prius , expanding production overseas for the first time, launching the Lexus brand and turning Toyota from a minor player into one of the largest automakers in the world. Even after his retirement in 1992, he remained an honorary chairman and close advisor to his successors, and chaired the company’s museum. He died of heart failure, ending a 100-year life that started on September 12, 1913, before the company that bore his family’s name (albeit slightly modified) had even started building automatic looms, let alone automobiles. We extend our condolences to the Toyoda family and our congratulations on an accomplished life. Eiji Toyoda dead at 100 originally appeared on Autoblog on Tue, 17 Sep 2013 10:29:00 EST. Please see our terms for use of feeds . Permalink

Toyota delves into the history of its Land Cruiser

Toyota delves into the history of its Land Cruiser

September 6, 2013 by · Leave a Comment 

Filed under: Classics , Convertible , SUV , Truck , Toyota , Police/Emergency , Military , UK , Off-Road , Read This One of the longest-produced, most widely distributed vehicles in all of automotive history is also one of its most rugged: the Toyota Land Cruiser . With 60 years of continuous production, 14 different model lines and thousands of variations of the Jeep-like sports utility vehicle, the Land Cruiser became a success worldwide and developed a cult following among enthusiasts here in the US. We’ll be the first to admit that tracing the vehicle’s lineage from its humble beginnings as a prototype for Japan’s National Police Reserve in 1951 to what it is today isn’t an easy task, especially when one considers that the types of Land Cruisers produced traditionally have varied from market to market. For example, the Land Cruiser sold in the US is very different from the US-only 40 series Land Cruiser-inspired FJ Cruiser , which is itself different from the Land Cruiser Prado sold in other world markets. To cover the Land Cruiser’s sixty-plus year history from start to present, someone over at Toyota UK was thoughtful enough to devote a plus-size blog post to it. It’s worth a read if you have a spare 10 or 15 minutes – and even if you don’t, you can check out our historical gallery above. Enjoy! Toyota delves into the history of its Land Cruiser originally appeared on Autoblog on Fri, 06 Sep 2013 08:45:00 EST. Please see our terms for use of feeds . Permalink

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