Toyota mulling Cummins diesel for Tundra?

Toyota mulling Cummins diesel for Tundra?

September 3, 2013 by · Leave a Comment 

Filed under: Hybrid , Truck , Toyota , Diesel When Bloomberg spoke to Toyota USA Sales CEO Kazua Ohara recently, we highlighted his comments on the possible return of the Toyota Supra . However, the interview started with Ohara discussing the Tundra , and how it would take time to pinpoint and hone the pickup truck’s brand image in the minds of consumers. That effort could get a boost, with a report in Edmunds saying that Toyota is “evaluating” the addition of a Cummins turbodiesel to the Tundra’s engine options. The Cummins powerplant is one of two options for the moment, the other being a hybrid powertrain. If the oil-burner got the thumbs-up, Toyota would follow the recent example of Nissan , which announced it would put a Cummins turbodiesel into its 2015 Titan . While the two Japanese companies make a closer comparison since they’re both talking about Cummins applications in light-duty trucks, if it happens, it could be seen as further diluting the once-exclusive tie-up that Ram trucks has had with Cummins even though Ram has used Cummins in its heavy-duty truck. Toyota hasn’t said when it will decide on which direction to take, but either will be a move for the better in the view of segment watchers; PickupTrucks.com said the first of its top-five fixes for the Tundra would be a better engine, perhaps a diesel-electric hybrid from Toyota’s Hino unit. Cummins told Edmunds it can supply a second manufacturer with the 5.0-liter diesel that Nissan will be using, so we wouldn’t be surprised to see it end up in a Toyota or somewhere else. Toyota mulling Cummins diesel for Tundra? originally appeared on Autoblog on Mon, 02 Sep 2013 14:45:00 EST.

Toyota struggling in Latin American market, attempting recovery

Toyota struggling in Latin American market, attempting recovery

August 31, 2013 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Plants/Manufacturing , Toyota , Earnings/Financials , South America With uncertainty in the US and Chinese markets, automakers are scrambling to rev up their efforts in what were traditionally secondary markets. Take Toyota’s efforts in Latin America. A recent story from The Wall Street Journal highlights the Japanese brand’s push in the southern hemisphere, particularly in Brazil, where it has expanded its operations and installed new executives with a greater range of powers, all in a bid to grab a bigger slice of the ever-growing South American pie. South America is dominated by General Motors , Fiat and Volkswagen , which maintain a combined 60 percent of the market share – Toyota holds a mere 4.5 percent. The WSJ spoke with Steve St. Angelo, Toyota’s boss in Latin America, who said, “We are playing catch up, but we’re catching up fast. We now have the resources to give the region the attention it really needs and deserves.” That attention includes an all-new, locally produced small car called the Etios. As bewildering as it seems, Toyota wasn’t competing in the low-cost economy car market in South America. With the Etios , which arrived in September of 2012, its sales in the first seven months of 2013 are up 75 percent. Toyota is also expanding on its local infrastructure, which includes the $600 million Sorocabo factory, located near S

Toyota reports huge quarterly profit increase, raises forecast for the year

Toyota reports huge quarterly profit increase, raises forecast for the year

August 4, 2013 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials Toyota isn’t just the world’s largest automaker – so far its the biggest winner for quarterly profits. With an enormous $5.5 billion take during Q2, Toyota took advantage of the weak Japanese yen and strong US demand to record a 94-percent improvement in profit over the same period from last year. So far, Toyota brought in larger profits than Ford and General Motors combined. Toyota is showing no signs of slowing down either, as it has bumped up its forecast for full-year global production, going from 9.94 million to 10.12 million vehicles, on the back of a 13-percent drop in the buying power of the Japanese yen versus the US dollar. That strong exchange rate is largely responsible for Toyota’s big jump in profits, although it also managed to shift 1.3 million vehicles in the US market this year. Strong Camry sales have also helped. But while Toyota is raking in the cash, it actually saw a small drop in market share, down 0.1 percent to 14.3 percent of the US market. As is the case with most automakers, Toyota seems flummoxed by Europe, where it recorded less than one percent of its revenue. Still, as Automotive News points out, Toyota only maintains a 4.5-percent market share in Europe and is far less dependent on the continent than other manufacturers. Toyota also struggled at home, much like Honda .

2014 Toyota 4Runner

2014 Toyota 4Runner

August 3, 2013 by · Leave a Comment 

Filed under: SUV , Toyota , Off-Road , Quick Spins I recently took the redesigned 2014 Toyota 4Runner for a muddy romp in Pennsylvania. While the mechanical bits and pieces beneath the body-on-frame SUV trudge forward into the new model year with very few tweaks, the truck “receives a rugged new exterior design and interior refinements that add comfort and convenience without sacrificing its hallmark performance capability and excellent value,” says the automaker. A quick visual scan of the 4Runner reveals a new front end with a more “aggressive” and “muscular” appearance (yes, I’m quoting Toyota ) that includes new headlights, grille and hood scoop. A roof rack is now standard across all trims, too. While the SR5 has a bland color-keyed grille insert that gives the face a monochromatic appearance, the Trail (shown above and in our gallery ) and range-topping Limited have brightwork on the front that provides a bit more character. New soft-touch surfaces within the cabin provide a more upscale environment and a bright new Optitron instrument panel improves readability and functionality. As before, the SR5 and Trail models arrive with fabric upholstery or optional Softex seats (synthetic leather). Genuine hides are reserved for the Limited trim, which is also fitted with Toyota’s unique X-REAS (X-Relative Absorber System) automatic suspension system as standard equipment. Driving Notes Despite (or arguably, because of) its 2014 facelift, the 4Runner is challenged in the appearance department. The styling, inside and out, is confusing to us, with odd angles and shapes that don’t appear cohesive with any overall sense of design.

Toyota sells six of every 10 hybrids in California [UPDATE]

Toyota sells six of every 10 hybrids in California [UPDATE]

August 1, 2013 by · Leave a Comment 

Filed under: Car Buying , Hybrid , Ford , Toyota In an apparent shot back at Ford’s increasing market share of electrified vehicles and claim that it accepts more Prius trade-ins for its own hybrids than any other car, Toyota has flexed a muscle and played the numbers game to put the Blue Oval in its place. Leaning on its hybrid market dominance in California, the Japanese automaker stated that six out of 10 hybrids sold in the Golden State are Toyota models. And it keeps coming: Year-to-date through May 2013, Toyota sold five times more hybrids than Ford . One of every two hybrids in California is a Prius model. In addition, Toyota notes that it has sold 1.5 million Prius vehicles in the US, 90-percent of which are still on the road today. Want more? We’ll let Bill Fay, Toyota’s group vice president and general manager of sales lay the smack down: “The hybrid industry has become competitive, but our wide range of hybrid vehicles continue to deliver high value and strong attributes to both new and loyal customers. With sales of 5.3 million hybrids globally and over two million in the US, we are the undisputed leader in hybrid vehicle technology and remain committed to building on our momentum and growing the acceptance of hybrid technology throughout the US.” And to think Toyota and Ford just ended their collaboration to make hybrid trucks together. On one hand, those are indeed very impressive statistics, but there’s a flip side, as well. Hybrids still aren’t a factor for most American new car buyers , and, as of 2012, only about 3.3 percent of new cars sold in the US were hybrids , of which California sales would clearly represent an inordinately large percentage.

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 begins shipping Le Yaris to America

Toyota begins shipping Le Yaris to America

May 18, 2013 by · Leave a Comment 

Filed under: Budget , Europe , Plants/Manufacturing , Hatchback , Toyota Our tiniest Toyota ( Scion iQ notwithstanding) is about to get a little French flair. The Japanese automaker announced Thursday that its Toyota Motor Manufacturing France facility would begin building Yaris models destined for North America – specifically, the United States, Puerto Rico and Canada. This will mark the first time in history that Toyota has exported vehicles to North America from Europe. Initially, Toyota will export roughly 25,000 Yaris models to North American markets from France each year. In order to handle this additional production, Toyota Motor Manufacturing France has invested 10 million euro into its French facility. Despite being somewhat of a snooze-fest ( it’s a car! ), the Yaris carries on in North America with a 106-horsepower 1.5-liter four-cylinder engine, with prices starting at $14,370 for the three-door and $15,395 for the five-door, not including $795 for destination. Continue reading Toyota begins shipping Le Yaris to America Toyota begins shipping Le Yaris to America originally appeared on Autoblog on Fri, 17 May 2013 18:29:00 EST. Please see our terms for use of feeds . Permalink

1967 Toyota 2000GT most expensive Asian car ever sold at $1.2M

1967 Toyota 2000GT most expensive Asian car ever sold at $1.2M

May 11, 2013 by · Leave a Comment 

Filed under: Classics , Auctions , Toyota Toyota’s agelessly beautiful 2000GT has been sold by RM Auctions for $1.16 million, making it the new record holder for the most expensive Asian car ever sold. As always, rarity played a big factory in driving up the price; just 351 2000GT models were built, and only 62 left-hand-drive cars (like this one). The classic Toyota , standout member of Texas car-collector Don Davies’ paddock, was originally a US-delivery car that spent time in a collection back in a Japan before returning to Texas just a short time ago. The car last sold in March of 2011, for just $650,000. Enthusiasts will recognize the 2000GT as perhaps the most heralded Japanese classic of all time. The Toyota was a contemporary of the Jaguar E-Type – though one that obviously sold in a fraction of the English car’s numbers – that was well reviewed by the motoring press of the day. Sometimes referred to as Japan’s first supercar, the 2000GT boasted a 150-horsepower, dual overhead cam, 2.0-liter straight-six engine; a five-speed manual transmission; and a reported top speed of over 135 miles per hour. RM described this record-setting example as, “the finest and most authentic 2000GT to come to market in recent years,” equating it with blue chip classic exotics like the Ferrari Daytona and Lamborghini Miura. 1967 Toyota 2000GT most expensive Asian car ever sold at $1.2M originally appeared on Autoblog on Fri, 10 May 2013 17:03:00 EST. Please see our terms for use of feeds .

Toyota profits up 23% on high US sales, despite mounting legal costs

Toyota profits up 23% on high US sales, despite mounting legal costs

February 6, 2013 by · Leave a Comment 

Filed under: Japan , Lexus , Scion , Toyota , Earnings/Financials Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. The good news comes in spite of the fact that the Japanese automaker actually endured an operating loss in North America, due in part to legal fees. Toyota is set to pay more than $1 billion to owners who claim their vehicles decreased in value as a result of the company’s recent spate of recalls. Even so, all three of the automaker’s brands enjoyed a 13.5 percent sales increase in the US in the last quarter, beating the industry average. Toyota faltered in Europe, however, where it earned $99 million in operating profit last year, compared to $111 million in 2011. You can take a closer look at the company’s full press release below for more information. Continue reading Toyota profits up 23% on high US sales, despite mounting legal costs Toyota profits up 23% on high US sales, despite mounting legal costs originally appeared on Autoblog on Tue, 05 Feb 2013 18:01:00 EST. Please see our terms for use of feeds .

Ford only automaker to make 2012 Buzz Rankings, Toyota most improved

Ford only automaker to make 2012 Buzz Rankings, Toyota most improved

January 30, 2013 by · Leave a Comment 

Filed under: Ford , Toyota Ford landed itself a spot among the top 10 brands in the 2012 Buzz Rankings. The annual index scores 1,100 brands in 41 categories to determine which nameplates had the most positive buzz throughout the year. For the third year in a row, Subway took the top honors overall with a score of 40.3, and Ford was the only automaker to break into the top 25 by earning a sixth-place finish overall. The manufacturer earned a score of 32.1 points, which was enough to push it up one spot from the 2011 Buzz Rankings. Honda managed 21.2 points overall, which is still well behind 25th-place Kohl’s at 26.5 points. Toyota , Volkswagen and BMW all round out the top five automakers. The 2012 Buzz Rankings also keep track of which brands improved the most over the past year, and this year, Toyota was the manufacturer with the largest leap forward. The Japanese automaker jumped from just 14 points in 2011 to 20.5 in 2012. Chrysler, Kia, Dodge and Volkswagen all saw sizable steps forward as well. Be sure to head over to the Brand Index site for more information.

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