Toyota Motor Corporation Announces Financial Results for the Nine-month Period Ended December 31, 2012
TOYOTA CITY, Japan, Feb. 5, 2013—Toyota Motor Corporation (TMC) today announces its financial results for the nine-month period ended Dec. 31, 2012.
Filed under: Car Buying , Toyota TheDetroitBureau.com reports Toyota has retaken the global sales crown. The Japanese automaker turned out 9.75 million vehicles last year, putting it just ahead of General Motors , with 9.29 million vehicles. Volkswagen , meanwhile, filled out the podium by building 9.1 million units in 2012. Still, Toyota numbers fell just below projections the automaker made earlier in the year, due largely to a fierce territorial dispute between Japan and China that has seen mainland buyers shun Japanese goods. But the news marks a substantial comeback for Toyota. The company fell to third place in the global production race in 2011 after tragic earthquake and tsunami caused several plant closures. In Japan, Toyota enjoyed a sales increase of 35 percent over the previous year, while the company’s worldwide sales jumped by 23 percent thanks in part to new additions to the Prius line. The automaker is forecasting yet another increase for 2013, with the company projecting to reach 9.91 million units this year. Neither Volkswagen nor GM have released their own projections just yet. Toyota reclaims global sales crown, GM and VW not far behind originally appeared on Autoblog on Mon, 28 Jan 2013 10:15:00 EST.
TOYOTA CITY, Japan (Jan. 28, 2013) — Toyota Motor Corporation (TMC) today announce its production, domestic sales and export results, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd., for December 2012 and for CY2012. TMC also issued today its CY2012 worldwide sales results.
Filed under: Hirings/Firings/Layoffs , Japan , Toyota A report in Japan’s Nikkei newspaper cited by Automotive News claims that the father of the Prius , Takeshi Uchiyamada, will take the role of chairman at Toyota . Currently Toyota’s vice chairman, Uchiyamada joined the automaker in 1969, and in 1994 became the chief engineer of the Vehicle Development Center that birthed The Hybrid to Rule Them All. He said of it , “When we started, the purpose wasn’t to do a specific car project. It was to make a vehicle suitable for the 21st century.” A specialist in vehicle noise, vibration and harshness, Uchiyamada’s leadership on the Prius helped continue his quiet run to the top of the company; he remains a huge fan of hybrids , but has been reticent about the place of electric vehicles in the current marketplace. If the move is confirmed – it might happen as soon as this year , according to Reuters – Uchiyamada would replace Fujio Cho, Toyota’s chairman for the past six years, who would move to an advisory role. Cho spent seven years overseeing Toyota’s manufacturing operations in Kentucky as well as spearheading manufacturing efforts in Texas, France and China. C ompany president Akio Toyoda would maintain day-to-day charge of Toyota. Toyota to name Prius developer Uchiyamada its next chairman? originally appeared on Autoblog on Wed, 23 Jan 2013 09:28:00 EST. Please see our terms for use of feeds .
Filed under: Sedan , CES , Japan , Safety , Technology , Videos , Lexus , Toyota , Luxury While Google and Audi explore the possibilities of autonomous vehicles, Toyota and its Lexus division are studying the intermediate step of vehicles equipped with a deep suite of technology that help drivers make the best decisions. Introduced at this week’s Consumer Electronics Show in Las Vegas, the Lexus advanced safety research vehicle is an LS sedan fitted with three high-def color cameras to detect objects up to almost 500 feet away, 360-degree Light Detection and Ranging (LIDAR) lasers that can detect objects up to 220 feet away, three radar units to keep track of other vehicles at intersections, a precision odometer on the rear wheel, GPS that estimates orientation and an accelerometer. Currently testing at a purpose-built 8.6 acre urban testing ground at the Higashi-Fuji Technical Center in Susono, Japan the Toyota research vehicle is being used to study how to make better drivers, as well as figuring out how to reduce crashes as the industry’s journey through passive and active safety systems progresses. In the event of a crash, new rescue systems are also being tested. Further investment is being put into the Intelligent Transportation System (ITS) that would use shortwave signals to harness information from the car and from other vehicles on the road, as well as roadside infrastructure and even pedestrians. Toyota reasons it could then build a picture of interactions and, for instance, alert the driver to a potential collision at a blind intersection. Toyota’s says its research “could lead to a fully autonomous car in the future,” but for now, the point is that “a driverless car is just a part of the story. Our vision is a car equipped with an intelligent, always-attentive co-pilot whose skills contribute to safer driving.” Improving driver education in this country would probably be a lot cheaper, but hey, we’re for anything that helps make the roads safer places to be. There’s plenty more tech-speak in the video and press release below . Continue reading Toyota and Lexus show off advanced safety research vehicle [w/video] Toyota and Lexus show off advanced safety research vehicle [w/video] originally appeared on Autoblog on Tue, 08 Jan 2013 18:00:00 EST.
Filed under: Budget , Plants/Manufacturing , Hatchback , Mazda , Toyota , Earnings/Financials After the turmoil of last year, 2013 is getting off to a much better start for Mazda . The company has issued a release indicating that the forthcoming plant in Salamanca, Mexico has had its production capacity raised even though it isn’t scheduled to go online until March 2014 . The original plans called for a 140,000-unit capacity, 90,000 of that allotted for the Mazda2 and Mazda3 , the remaining 50,000 for a small car Mazda would build for Toyota that would be based on the Mazda2. The new plans call for raising that by 90,000 units to a total of 230,000 units within two years, by the end of March 2016, and it looks like it will all go toward Mazda production to satisfy growing demand for Skyactiv vehciles. The Mexican plant’s opening will be the return of Mazda manufacturing to North America, after Mazda6 production was moved back to Japan last year. More good news for the company is that it projects 10 billion yen ($114 million) in net income for the financial year that will end in March. That would be a welcome turnaround from the 100-billion-yen loss in the previous financial year, part of a series of three annual losses in a four-year span. You’ll find the press release with the factory update below . Continue reading Mazda’s new Mexican plant capacity rises to 230,000 Mazda’s new Mexican plant capacity rises to 230,000 originally appeared on Autoblog on Sat, 05 Jan 2013 09:01:00 EST. Please see our terms for use of feeds .
Filed under: Car Buying , Hybrid , Sedan , Japan , Toyota , Luxury The 58-year-old Toyota Crown line has entered its 14th generation with the unveil of the 2013 Crown Athlete and Crown Royal sedans for the Japanese market, both of which can be had with hybrid power. The standard engine is a 2.5-liter V6 with 200 horsepower and 179 pound-feet of torque, while the hybrid uses the 2.5-liter four-cylinder from the Camry mated to an electric motor for 176 hp and 163 lb-ft. The Athlete (shown above) gets a third choice, a 3.5-liter V6 with 311 hp and 278 lb-ft. There are two transmissions in the mix, the base engine in either sedan shifting through a six-speed automatic, while the more potent V6 in the Crown Athlete gets an eight-speed auto. Depending on which model is chosen, either the rear or all four wheels will be driven. Outside, the sedan – less than an inch longer than our Lexus ES – gets a stiffer body thanks to more spot welding and a new can’t-miss-it grille reminiscent of a crown. On the Royal model, the opening is filled with horizontal bars, while the Athlete trim gets mesh filler. Inside is the Toyota Multi-Touch Operation unit that allows touchscreen control of various functions, new wood grain patterns and gold stitching. Driving and safety tech includes an Adaptive High Beam System, Panoramic View Monitor, Pre-collision System and Intelligent Clearance Sonar. Prices for the Crown Royal series start at 3,530,000 yen ($40,983 US) and go up to 5,360,000 ($62,225 US) for the hybrid Royal Saloon G.
Filed under: Japan , Toyota , Earnings/Financials Toyota is expecting to see a sales increase of around two percent next year, according to Automotive News . The Japanese manufacturer is set to retake its position as the world’s largest automaker this year, and 2013 may see the company’s global sales step to 9.91 million vehicles. That figure includes sales from subsidiaries like Hino Motors and Daihatsu Motor Company. Much of that projection depends on US sales increasing to balance out a 15-percent decline in Japan . The Japanese government allowed subsidies for fuel-efficient vehicles to expire in September, and Toyota sales have slackened as a result. Globally, new vehicle sales are expected to crest 80 million units for the first time in 2012 despite economic woes in the European Union. Next year, Toyota expects to see its overseas operations enjoy an eight percent rise in sales to 7.87 million units while Japanese deliveries are projected to decline to 2.04 million vehicles. The company predicts sales in Asia, meanwhile, will be driven largely by Indonesia. Interestingly enough, the company has not settled on a sales target for China . Toyota already forecasting record sales in 2013 originally appeared on Autoblog on Wed, 26 Dec 2012 14:16:00 EST.