SAN ANTONIO (Sept. 12, 2014)
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
New York, NY, March 6, 2013
NEW YORK, Nov. 14, 2012 – Toyota today announced it began to export U.S.-assembled
Filed under: Japan , Plants/Manufacturing , Nissan , Toyota , South Korea The strong yen has Japanese carmakers looking to optimize every efficiency in order to keep their cars competitive in export markets. One strategy gaining momentum is to do some island hopping, specifically, moving plants and manufacturing to Kyushu, the southernmost main island in the Japanese archipelago. Car production there as a percentage of total Japanese production has doubled from 2001 to 2011, but more startling are the recent increases: Nissan just moved its Note and Caravan production there, Toyota is boosting production there by 600 percent, and total units made in Kyushu climbed 21 percent from 2010 to 2011. The three big factors involved are lower personnel costs, lower auto parts costs and increased productivity because of newer, more efficient factories. Companies can save ten percent on personnel in Kyushu versus traditional manufacturing centers like Aichi and Kanagawa, which are on the main island of Honshu and near major cities like Nagoya and Tokyo. Kyushu is also much closer to the South Korean peninsula, and the weakness of the South Korean won means importing lower-priced Korean auto parts is an even more attractive option. Japanese newspaper The Asahi Shimbun says it could soon be the Detroit of Japan. The prediction could be sped up if intergovernment talks can rework laws on transportation: it’s illegal for trucks with South Korean plates to drive on Japanese roads, so trucks hauling parts get shipped to Kyushu ports and their cargo is transferred to Japanese trucks. Japanese and South Korean officials are working to determine how to allow trucks from across the strait to travel unhindered from Korean auto parts factories to Japanese car factories. Kyushu on the road to becoming Japan’s Motor City originally appeared on Autoblog on Sun, 22 Jul 2012 12:02:00 EST.
December 5, 2011 – New York, N.Y. – Toyota today announced plans to export U.S.-assembled Camry sedans to its distributor in South Korea.
November 1, 2011 – New York, NY – Toyota today announced plans to begin exporting U.S.-Assembled Sienna vehicles to distributors in South Korea.
Filed under: Motorsports , Truck , Toyota , Off-Road Guinness recognized a new world record for the fastest overland journey to the South Pole this week. The expedition occurred in December 2010, when two modified Toyota Hilux trucks travelled 1,434 miles across the Antarctic High Plateau in 108 hours. That the average speed for the trip was just over 13 miles per hour gives an indication of the extreme conditions the drivers faced, at altitudes up to two miles above sea level. The expedition was organized by the Kazakhstan National Geographic Society and The Antarctica Company, and included four members: Konstantin Orlov and Stanislav Makarenko from KNGS, Andrey Myller from TAC, and Hlynur Sigurdsson from Arctic Trucks – the off-road tuning company that built the vehicles. Arctic Trucks used 170-horsepower, 3-liter turbodiesel Hiluxes for the expedition build, modified to carry a whopping 285 gallons of fuel, 74 in tanks and the rest in the bed. The Arctic Trucks Expedition AT44 gets its name from 44×18.5 tires fitted to 15-inch rims and run at tire pressures as low as 2 psi. The four-by-four ice-crawlers have five-speed automatic transmissions with part-time transfer cases and a 2.566:1 low gear. Besides carrying up to 1.3 tons, the trucks are equipped to tow an additional 1.5 tons on a trailer. The AT44 weighs in at 4,960 pounds and manages about 5 mpg in the Antarctic snow. Read the full press release after the jump .
Filed under: Sedan , Japan , Plants/Manufacturing , Toyota , South Korea Toyota is considering moving production of the company’s Korean-market Camry to the United States, according to Reuters . The move would take advantage of the free trade agreement between the U.S. and South Korea and put Toyota in a better position financially as the yen continues to strengthen. The Korean-market Camry would be built alongside the U.S.-spec Camry in the automaker’s Georgetown , Kentucky facility. Even with word that Toyota is mulling sending production outside of Japan, the company has said that it is still committed to keeping some manufacturing at home. The Toyota Camry has enjoyed substantial success in South Korea, where it remains one of the most popular foreign-built vehicles in the country. Last year, Toyota sold around 4,200 Camry models in the South Korea. That represents a small figure compared to the 203,688 units produced at the Georgetown plant last year, but shifting production to the States could still pay large dividends for Toyota. Toyota to move production of Korean-market Camry to America? originally appeared on Autoblog on Tue, 04 Oct 2011 11:28:00 EST.
Toyota to Send 24 Educators on Inaugural Visit to South Africa for Toyota International Teacher Program
TORRANCE, Calif., April 27, 2011 – A group of 24 U.S. teachers have been selected to travel to South Africa through the Toyota International Teacher Program.