Toyota North America Region CEO Jim Lentz speaks about consumer demand for safer, more fuel efficient vehicles and the future of the automotive industry at the Society of Automobile Engineers Global Leadership Conference, Oct. 11, 2013.
Toyota Motor Sales, U.S.A., Inc., Senior Vice President of Automotive Operations Bob Carter discusses
Filed under: Coupe , Performance , Videos , Hatchback , Ford , Scion , Subaru , Toyota On the surface, there’s very little that the Ford Fiesta ST and Toyota GT86 (or the Scion FR-S that is sold in the US, or the largely similar Subaru BRZ ) share in common. One is a hatchback with power coming from a turbocharged engine routed to the front wheels. The other is a coupe with power coming from a naturally aspirated four-cylinder boxer engine routed to the rear wheels. Thing is, both of them are reasonably priced performance cars aimed at a similar segment of the automotive marketplace, so a comparison isn’t out of the question. It is with all of this in mind that we direct you to the video below , in which the blokes from Evo pit the two manic little machines against one another on a race track. The result? Well, it can be summed up this way: Fast versus fun. See how the track battle goes down in the video below . Continue reading Ford Fiesta ST in startling track battle against Toyota GT86 Ford Fiesta ST in startling track battle against Toyota GT86 originally appeared on Autoblog on Wed, 26 Jun 2013 12:44:00 EST. Please see our terms for use of feeds .
Filed under: Car Buying , Chevrolet , Ford , Mitsubishi , Toyota , Volvo , Earnings/Financials We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of “nonprime, subprime, and deep subprime,” loans has grown 13.6 percent compared to the third quarter a year ago. According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963. At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota , with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1. Part of the growth in lending is the willingness to offer longer-term loans.
TROY, Mo. (September 14, 2012) – As a successful manufacturer of quality casting parts to the automotive, aerospace, railroad and heavy industrial equipment businesses, Bodine Aluminum…
Filed under: Toyota , Earnings/Financials , Tesla Tesla and Toyota have become rather friendly over the last few years. According to the latest reports, it seems the two automakers are ready to take their relationship to the next level. What initially started as a $60-million deal turned into a $100-million affair earlier this year. You know what’s cooler than a million-dollar deal? A billion-dollar deal, and that’s reportedly what’s now on the table between the two automakers. Per Tesla CEO Elon Musk , his company is in talks with Toyota to ink a deal that would see $1 billion trading hands. Any issues about capital could quickly disappear, and Tesla could quickly become a major player in the automotive industry thanks to this serious cash infusion. We’ll just have to wait and see… Tesla talking billion dollar deal with Toyota? originally appeared on Autoblog 5.0 on Fri, 05 Aug 2011 09:59:00 EST.