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Archive for the ‘Lexus’ Category

Toyota Earnings Jump, Despite Rising U.S. Incentives

Record R&D spending could hurt operating profit.

by on May.09, 2018

Toyota CEO Akio Toyoda is not only pushing for automotive sales growth, but leading the company into the emerging mobility sector.

Toyota saw earnings jump 21% between January and March, the final quarter of its fiscal year, despite having to sharply ramp up incentives in a slowing U.S. automotive market.

The automaker reported a profit of 480.8 billion yen, or $4.4 billion, up from 398 billion yen the year before. Toyota’s sales also rose 2% to 7.58 trillion yen, or $69 billion. For the full fiscal year, it earned 2.49 trillion yen, or $23 billion, a 36% increase, with sales rising 6%, to 29.38 trillion yen, or $268 billion.

Beyond the Numbers!

The strong performance helped highlight the cost-cutting efforts initiated by CEO and President Akio Toyoda, the grandson of Toyota’s founder declaring, “We’ve become a leaner, trimmer company … and in the past year we’ve developed our remaining fat into muscle, so that we’re in a strong position to be more competitive.”

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Toyota Investing $1 Billion into Canadian Facilities

Move will add 450 new jobs, automaker says.

by on May.08, 2018

Toyota is investing $1 billion into the plant in Canada that produces the company's top-selling RAV4.

Toyota Motor Corp. is planning to beef up its manufacturing footprint in Canada with a $1 billion investment its three assembly plants in Woodstock and Cambridge, Ontario, which are dedicated to building two of the Japanese automaker’s most popular vehicles in North America, the Toyota RAV4 and Lexus RX 350.

The investment will be used to retool the company’s Ontario operations to build vehicles using Toyota’s New Global Architecture, which will make dramatic improvements in the performance and competitiveness of the vehicle, as well as how it is engineered, Toyota officials said.

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It will also support the pursuit of future production for Ontario as well as research and development, and new automation technology in the paint and plastics shop. The investment represents a reversal of fortune for Canada’s auto industry, which has lost ground production in Mexico has steadily expanded. (more…)

Car of the Year? Even Honda Accord Falls into a Black Hole as Sedan Sales Continue to Wither

Slumping sedan sales putting a chill on spring sales.

by on May.02, 2018

It may be new for 2018, but U.S. buyers have had only a tepid response to the latest Honda Accord.

Few recent product launches generated more buzz than the debut of the 2018 Honda Accord. Long one of the U.S. market’s best-selling nameplates, the 10th-generation sedan quickly racked up a slew of awards, including North American Car of the Year.

But despite all the rave reviews, Honda is struggling to retain momentum for the Accord. American motorists purchased just 21,751 of the sedans in April, a 19.3% year-over-year decline. And even when adjusting for the fact that April 2018 had two fewer sales days than the year before, the dip was 12.5 percent. And Honda isn’t alone. The completely redesigned 2018 Toyota  Camry, a Car of the Year runner-up, suffered a 5.0% drop in volume in April.

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“They’re both brand new vehicles and award winners, but I’m not sure that has any impact now,” said Joe Phillippi, head of AutoTrends Consulting. “Consumer tastes are changing. Everybody wants SUVs and CUVs.”

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Lexus Betting Big on All-New ES

Gen-7 sedan expected to remain key model in luxury line-up.

by on Apr.25, 2018

The seventh-generation 2019 Lexus ES.

For those who haven’t been watching, the 2019 Lexus line-up won’t have much in common with the model mix of just five years ago. Where sedans once dominated the brand’s product portfolio, crossovers like the new UX and NX, as well as the long-popular RX, have overwhelmed traditional Lexus sedans such as the LS and GS.

So, it might come as a surprise to see the big deal Lexus is making over the launch of the all-new 2019 ES sedan, going so far as to stage simultaneous previews in both Los Angeles and the Beijing Motor Show.

Global News!

“We’re acutely aware there’s a robust SUV market in the U.S., and Lexus is playing a part in that,” said Cooper Ericksen, the brand’s U.S. marketing chief, said during the L.A. ES unveiling. “We understand the importance of SUVs, but we also understand the importance of great sedans.”

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2019 Lexus ES Sedan Breaks Cover in Beijing

Point-counterpoint, as Lexus adds F Sport, as well as hybrid versions.

by on Apr.24, 2018

Lexus aimed to put more "passion" into the design and performance of the 2019 ES.

After a series of fan dance teases, Lexus has finally pulled the wraps off its seventh-generation in a dual presentation at the Beijing Motor Show and near its old U.S. corporate headquarters in Los Angeles.

One of the first models ever introduced by the Japanese automaker, the ES has long been known for its comfort, reliability and value, though it has also helped Lexus earn a reputation for plain vanilla design and performance. The luxury arm of Toyota Motor Corp. is determined not to let that happen again.

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“The ES has always been an elegant luxury sedan,” said Yasuo Kojino, the 2019 model’s chief designer. “For this generation, we have added daring design elements that challenge the traditional expectations of buyers.”

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Lexus Offers Full Look at New ES Before Beijing Debut

Shares the same architecture at new Avalon.

by on Apr.20, 2018

Lexus provided an early look at the new ES ahead of its Beijing debut.

As its debut creeps closer, Lexus elected to reveal an early look at the new ES in advance of its premier next week in Beijing.

Expected to borrow heavily from the Avalon, the first photo reveals a similar design aestetic when it comes to the grille. The front grille on the Avalon is massive and on the ES it sticks to the traditional spindle grille, but it’s much larger than on past editions.

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The brand offered a new pic and short film of the vehicle and said even less. (more…)

Toyota, Lexus Adding V2X Tech to Vehicles Starting 2021

Brands hope to accelerate development of technology.

by on Apr.16, 2018

Jim Lentz, CEO of Toyota Motor North America, said the company plans to equip Toyota and Lexus vehicles with V2X tech in 2021.

Though some vehicles already utilize V2X communication, Toyota and Lexus plan to advance the technology further by introducing it into their lineups beginning in 2021 and rolling out across their portfolios by the mid-2020s.

The company announced today that its Dedicated Short-Range Communications (DSRC) systems will use the technology to talk to other vehicles (V2V) and infrastructure (V2I) in hopes of cutting down on collisions, injuries and fatalities.

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“By allowing vehicles’ intelligent systems to collaborate more broadly and effectively through DSRC technology, we can help drivers realize a future with zero fatalities from crashes, better traffic flow and less congestion,” said Jim Lentz, CEO of Toyota Motor North America (TMNA), in a statement. (more…)

All-New Lexus ES Bound for Beijing Motor Show

New model meant to "radically transform the concept of comfort for luxury consumers."

by on Apr.11, 2018

Lexus is pushing even further with the "spindle grille" design on the next ES sedan.

We’ve barely gotten past the New York Auto Show but halfway around the world, automakers are getting ready for the season’s next big event. That includes Lexus, which has dropped a partial teaser of what appears to be the next generation ES model.

While many folks think of the ES as a fairly base-level vehicle, Lexus clearly has more upscale ambitions for a model whose name, after all, is short for “Executive Sedan.” And while Toyota’s luxury brand isn’t saying much about what it will be showing in China, it appears buyers have something to look forward to.

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The new ES, Lexus hints, “aims to radically transform the concept of comfort for luxury consumers all over the world.” That may explain why the brand saved the new model for Beijing where luxury buyers have, indeed, become some of the world’s most demanding.

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Cadillac Exposed!

Here's how brand boss de Nysschen plans to use a new fleet of cars, crossovers and EVs to double U.S. and Chinese sales and even – finally – crash Europe. Exclusively on TheDetroitBureau.com.

by on Apr.06, 2018

Cadillac President John de Nysschen had two big intros in NY, including the CT6 V-Sport.

Cadillac is covering both ends of the spectrum at this month’s New York International Auto Show, offering up both the new entry-luxury XT4 sport-utility vehicle, as well as a high-performance version of its flagship sedan, the new CT6 V-Sport.

The two mark the start of an unprecedented product roll-out that, Cadillac President Johan de Nysschen announced during a NYIAS news briefing, will add 11 models to the brand’s line-up by 2021. But that’s only a glimpse at what’s actually coming, the South African-born executive revealed in an exclusive interview with TheDetroitBureau.com.

The Last Word!

Long positioned as “the standard of the world,” Cadillac fell off its perch in the 1990s, dethroned by high-line European and Asian imports like Lexus, BMW and Mercedes-Benz. It’s had a few false starts in its bid to regain its former glory. But de Nysschen has put in place a do-or-die strategy that is aimed at more than doubling Caddy’s global volume with a mix of new products, advanced powertrains and a new approach to sales and service. Much will depend on the booming Chinese luxury market, but the Caddy chief is also determined to take on key rivals in their home, European market.

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BMW’s Access Follows Leaders in Luxury Leasing

Brand becomes latest to offer subscription service.

by on Apr.04, 2018

Ian Smith, BMW's chief executive officer of BMW Group Financial Services, will oversee Access by BMW, which starts in Nashville.

The old adage states that there are no original ideas and proving that one more time is Access by BMW, the brand revealed it will become the latest automaker to introduce a new subscription-based leasing plan.

The maker is using the app-based program to allow consumer to drive its top performance cars for as much as $3,700 a month. The new service kicks off this week in Nashville, Tennessee, and allows users unlimited access to cars.

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The most expensive plan, the $3,700 version, permits users access to the company’s M-class cars and is appropriately dubbed the “M” tier, giving them access to the BMW M4 convertible, the all-new M5, BMW M6 convertible, as well as the BMW X5M and BMW X6M Sports Activity Vehicles. (more…)