New York State of Mind: Toyota Welcomes LULAC 2014 National Convention to Big Apple

July 2, 2014 by · Leave a Comment 

NEW YORK (July 2, 2014) – There’s something special about experiencing New York City for the first time, which is why Toyota is excited to welcome the League of United Latin American Citizens (LULAC) 2014 National Convention to the Big Apple. This year’s 85th National Convention, which will be held at the New York Hilton Midtown (1335 Avenue of the Americas) from July 8-12, 2014, marks the first time that any national Hispanic organization will be holding its annual conference in New York City. Toyota is a 2014 Presenting Sponsor.

Fewest vehicles ever found eligible for Most American survey

Fewest vehicles ever found eligible for Most American survey

July 1, 2014 by · Leave a Comment 

Filed under: Plants/Manufacturing , Chevrolet , Chrysler , Dodge , GM , Honda , Toyota , SRT Once again, the most American car on the market is from an American brand. The Ford F-150 retained its number one spot in Cars.com ‘s annual survey of the most American vehicles, trumping the Toyota Camry , which remains at number two. Ford taking the top spot is small consolation, though, as the Detroit Three aren’t too well represented here. General Motors scored a win at number seven, with the Chevrolet Corvette , while Chrysler squeaked in at number ten, with the Dodge Viper . Outside of those three vehicles, Toyota and Honda dominate the top ten. What’s most remarkable, though, is that there were so few cars available for this year’s list. “Only ten cars were eligible for the American-Made Index this year. That’s the fewest in the study’s nine-year history. In 2013, 14 cars met the threshold, 20 in 2012 and 30 cars the year before that,” said Patrick Olsen, Editor-In-Chief of Cars.com . “This consistent decline points to global nature of cars these days.

Tesla pulling plug on Toyota RAV4 EV battery deal

Tesla pulling plug on Toyota RAV4 EV battery deal

May 13, 2014 by · Leave a Comment 

Filed under: Plants/Manufacturing , Crossover , Toyota , Earnings/Financials , Tesla , Electric The future of the Toyota RAV4 EV appears to be in doubt. Tesla supplies the EVs battery packs, and it says that production ends later this year. ” Toyota is expected to end the current RAV4 EV model this year,” Tesla said in its quarterly financial filing obtained by Bloomberg . “Our production activities under this program are expected to end in 2014,” the company said. This timeline fits closely with the original production plans for the RAV4 EV. When the $100-million project was first announced, Tesla said that it expected to supply battery packs for the vehicle from 2012 to 2014 . Building components for the Japanese automaker continues to bring in money, though. In the company’s Q1 2014 letter to shareholders , it said: “Automotive revenue included $15 million of Toyota powertrain sales.” According to Bloomberg , Toyota has sold just 1,594 RAV4 EV models from 2012 through April 2014. Initially, the business had estimated that it would sell 2,600 units of the electrified crossover . Toyota has not officially said that it plans to end production of the RAV4 EV yet.

Toyota Springs into New York International Auto Show with New Vehicles and Engaging Events

April 27, 2014 by · Leave a Comment 

NEW YORK (April 16, 2014) – This year’s New York International Auto Show, opening to the public on Saturday, April 19, brings a new crop of production vehicles and special concept cars to usher in Spring at the Javits Convention Center.

Class of 2014 Toyota Mothers of Invention Honored for Transforming Social Solutions at Fifth Annual Women in the World Summit

April 5, 2014 by · Leave a Comment 

NEW YORK (April 5, 2014)

Mayors Challenge Their Residents in Water Conservation Movement

April 5, 2014 by · Leave a Comment 

IRVINE, Calif. (April 1, 2014) — With at least 36 states facing water shortages this year – including the most severe drought California has faced in decades – water conservation has evolved into a national imperative.

Toyota plans biggest stock buyback in over a decade

Toyota plans biggest stock buyback in over a decade

April 1, 2014 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials At the end of December, 2013 Toyota had a cash stockpile of 1.8 trillion yen ($17.5B US). As of March 31, at the end of its current financial year, company coffers are expected to swallow another 1.9 trillion yen ($18.4B US) in net profit – said to be a record sum for the Japanese automaker. In a gesture signaling a turnaround from the horrors of the global recession, Bloomberg reports that Toyota will buy back 60 million shares of its stock, as much as 1.89 percent of the company, for something like 360 billion yen ($3.5B US). It’s the first buyback since 2009 and the largest buyback since 2003, when it spent roughly 390 billion yen ($3.8B US) repurchasing shares. Company president Akio Toyoda founded the Toyota Mobility Foundation (TMF), a non-profit that will support international groups working on transportation issues in emerging markets. Half of the stock that Toyota buys, 30 million shares, will be sold to the foundation via the Japanese Trustee Services Bank for one yen per share, the dividend providing the foundation’s initial funding. The other 30 million shares will be canceled, a company spokesman telling Reuters that the company wants to reward shareholders. Industry analysts have been asking Toyota to either return money to shareholders or invest in new factories, but Toyota has ruled out the latter. After getting burned with excess capacity when the financial crisis came, the company is focused on extracting efficiencies from the plants it already has. Toyota has said it plans to complete the buyback by June of this year.

Increased Showroom Activity Points to Strong March Sales for Toyota

March 29, 2014 by · Leave a Comment 

TORRANCE, Calif. (March 25, 2014)

Toyota 4Runner Is Fun, Fun, Fun Because Daddy Took the Unibody Away

February 26, 2014 by · Leave a Comment 

TORRANCE, Calif., Feb. 25, 2014 –

Disney’s ‘Muppets Most Wanted’ Hitch a Ride with Toyota for a Super Bowl First

January 30, 2014 by · Leave a Comment 

TORRANCE, Calif. (Jan. 30, 2014) – The Muppets gang and Toyota will take a ride into history this year, connecting with Latinos across the country for the upcoming Toyota Highlander launch and the Muppets’ all-new big-screen adventure “Muppets Most Wanted,” in theaters March 21, 2014.

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