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Archive for the ‘Toyota’ Category

Musk Denies a Quarter of Model 3 Orders Were Cancelled – But Reveals New Worry

Order rate, he reveals, has fallen behind increase in production.

by on Jul.20, 2018

Tesla CEO Elon Musk denied claims in a recent analyst report suggesting that nearly a quarter of all Model 3 orders have been cancelled.

Elon Musk has dismissed as “bs” a report that suggested a growing number of advanced reservations for the Model 3 battery-car are being cancelled.

The recent report from investment bank Needham & Co. isn’t the first to raise that prospect, which could make it difficult for Tesla to achieve its promised profit for the second half of 2018. Needham’s Rajvindra Gill joined a growing chorus of analysts this week in downgrading Tesla shares, triggering another dip in the stock, traded as TSLA.

“Dunno where this bs is coming from,” CEO Musk said in a Thursday night tweet – but by trying to support the idea that there’s still strong demand for the Model 3, the South African-born executive actually may have sent a signal that Tesla is facing longer-term problems. Musk indicated Tesla received 5,000 orders for the Model 3 last week, but that’s actually less than the production target for the battery-car in the months to come.

The Last Word!

According to a report Needham issued Thursday, 24% of the estimated 400,000 original Model 3 reservations have been cancelled. That’s slightly higher than the 20% figure reported by data tracking site SecondMeasure in June. Each reservation is accompanied by a $1,000 deposit, so, if Needham is right, Tesla has had to refund more than $100 million and risk the loss of perhaps $4 billion or more in sales.

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Magna Building New BMW Z4, Toyota Supra

New vehicles to be produced in Austria.

by on Jul.05, 2018

Toyota Supra Racing Concept is the basis for the new Supra that will be built by Magna Steyr.

Magna Steyr has received the contract to build the new sports cars developed jointly by BMW and Toyota.

Magna has confirmed its that it has signed a contract with BMW and Toyota to produce the new BMW Z4/Toyota Supra starting at the end of 2018. It said that production of the new BMW Z4 and Toyota Supra will be added to its production line in Graz, Austria, after upgrades to the production line are complete.

News You Can Trust!

Although, the production levels for the Z4/Supra are expected to be relatively modest the added output will further drive Magna to reach its production capacity of 200,000 units in early 2019, analysts said.  (more…)

Every Car Sold in the U.S. is an “Import”

Tariffs would impact even “American-made” vehicles.

by on Jul.03, 2018

The Honda Odyssey is one of the most "American" cars but will still be hit by tariffs.

Every single car, truck or crossover sold in the U.S. would be affected by the 25% import tariff being proposed by Pres. Donald Trump, with prices on some models rising by tens of thousands of dollars.

That’s because even vehicles assembled in the U.S. rely on some level of imported parts and components, whether in their suspension, infotainment systems or powertrains.

Beyond the Headlines!

Complicating matters, American-made auto parts and vehicles could become more expensive, and lose their competitive edge, if trade partners enact their own tariffs in response, something a number of them have now threatened to do.

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Japan Warns Tariffs Put Global Free Trade “At Great Risk”

100s of thousands of U.S. jobs at Japanese carmakers may vanish.

by on Jun.29, 2018

Employees at Nissan's Canton, Mississippi, plant and other Japanese-owned U.S. plants could see their jobs threatened by new tariffs, Japan warned on Friday.

The Japanese government is the latest to weigh in on the potential dangers posed by the Trump Administration’s threatened trade tariffs on not only the global economy but U.S. jobs.

Warning that the White House’s proposed 25% tariff puts global free trade “at great risk,” a report issued by the Japanese government on Friday said such a move could backfire, threatening to “eventually undermine the entire U.S. economy” by, among other things costing the jobs of hundreds of thousands of U.S. jobs.

The Last Word!

The Japanese report echoed the findings of another analysis of the auto tariffs’ impact, the Peterson Institute for International Economics estimating that anywhere from 195,000 to as many as 624,000 U.S. jobs could be lost, the higher figure reflecting what would happen if trade partners retaliate.

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Lexus Order Fire-Related Recall as Feds Probe Hyundai, Kia, Tesla Fire Concerns

Nearly 2 million vehicles involved in recalls, probes.

by on Jun.27, 2018

The Lexus recall covers a number of models, including the 2010 IS350C convertible.

Toyota’s high-linen Lexus brand today said it will recall 121,000 vehicles because fuel leaks in the engine compartment could lead to a fire.

The announcement came about the same time the National Highway Traffic Safety Administration advised a senior member of Congress that it is expanding a probe of engine problems with Hyundai and Kia vehicles that may also result in fires. And, as TheDetroitBureau.com reported earlier Wednesday, NHTSA is exploring reports that battery packs that have caught fire in Tesla vehicles have proved more difficult than expected to put out.

Breaking News!

The recall involving Lexus products covers four different products, 2006 through 2013 IS350 sedans, as well as the 2010 through 2014 IS350C, and the 2007 through 2011 GS350 and GS450h. All shared the same 3.5-liter gasoline powertrain.

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Hyundai, Audi Latest Automakers to Partner Up

The pairing is just the latest in a growing line of partnerships.

by on Jun.20, 2018

Hyundai and Audi are partnering up to develop fuel cell technologies.

The automotive industry is increasingly becoming reliant on partnerships, the latest being the tie-up between Hyundai Motor Group and Audi AG.

Like so many other companies before them, the South Korean and German automakers are looking to find a way to get to the promised land of alternative fuel vehicles. In this case, the makers are partnering on the development of fuel cell electric vehicles.

Beyond the Numbers!

Unsurprisingly, whatever patents, technologies and revolutionary breakthroughs resulting from this new coalescence will trickle down, well, more like over to Kia Motors Co. and Volkswagen AG. Kia is Hyundai’s sibling and VW is Audi’s parent companies. These advances can also be shared among other affiliates within either group. (more…)

Big Surprises in 2018 JD Power Initial Quality Survey

Overall quality reaches record high – and Korean brands lead the surge.

by on Jun.20, 2018

The Genesis G90 topped its segment while the Genesis brand led the industry overall.

New vehicle quality has reached an all-time high according to the latest J.D. Power Initial Quality Survey, and the 2018 IQS reveals a number of surprising trends, starting with the fact that three Korean brands lead this year’s study.

The latest IQS, which looks at “things-gone-wrong” with vehicles during the first 90 days of ownership, reveals that traditional mechanical issues, whether powertrain problems or squeaks, rattles and wind noise, are today increasingly rare. Motorists are far more likely to experience issues with infotainment and advanced driver assistance systems, but many of those problems are also being addressed.

High Quality News!

“There’s no question that most automakers are doing a great job of listening to consumers and are producing vehicle quality of the highest caliber,” said Dave Sargent, the head of global automotive research for Power. “That said, some vehicle owners are still finding problems. As vehicles become more complex and automated, it is critical that consumers have complete confidence in automakers’ ability to deliver fault-free vehicles.”

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Toyota’s Patent Leader Among Automakers

Automaker maintains leadership position, but Ford only three spots lower.

by on Jun.19, 2018

Toyota Engineer Cassie Grant works on advancing the technologies of a vehicle display meter.

While Akio Toyoda spoke of transforming the company that bears his family name from an automaker into a mobility company, Toyota’s engineers and scientists have steadily expanded their research and development efforts to include mobility solutions and technology during the past several years.

The results of their continuous improvement of existing technology and innovation of new solutions has generated a lot of patents.

Electrifying!

In 2017, Toyota was awarded 2,015 patents by the United States Patent and Trademark Office — the most of any automaker, according to records compiled annually by the Intellectual Property Owners Association. (more…)

Toyota Latest to Push Into Ride-Sharing

Japanese maker investing $1B in Southeast Asia’s Grab.

by on Jun.13, 2018

Toyota invested $1 billion into Grab Holdings to bolster its ride-sharing operations.

Toyota will join a growing list of automotive manufacturers, including General Motors, Volkswagen, Ford and Fiat Chrysler, making bets on the anticipated explosion in ride-sharing services.

The Japanese giant plans to invest $1 billion in Grab Taxi Holdings Inc., a Singapore-based technology company operating ride-hailing services in places like Malaysia, Indonesia, Thailand and the Philippines. Originally launched as a taxi company, it is now positioning itself as a regional powerhouse after acquiring Uber’s Southeast Asian operations earlier this year.

News Now!

For its part, Toyota was a relative latecomer to emerging mobility services, including ride-sharing and self-driving vehicles. But it has launched a number of investments during the last several years, both in the form of outside alliances and by setting up its own technology subsidiary, the Toyota Research Institute, or TRI. (more…)

Honda, Chevrolet Take Top Spots on Best Family Car List

The VW Atlas also surprised by taking an award.

by on Jun.08, 2018

The new Chevrolet Traverse with its new design nabbed a Top 10 Family Car honor.

Families looking for a new vehicle to haul the clan from soccer game to recital to birthday party should probably start their search as their local Honda and Chevrolet dealers.

The two automakers each had two vehicles fall in the top 10 of top family cars for 2018 as ranked by Parents magazine and Edmunds. The 2018 Honda Odyssey and Accord and Chevrolet Traverse and Malibu are four of the top 10 on the list.

The Last Word!

“We’re not playing favorites in terms of why there are two Hondas and two Chevrolets. The vehicle had to have a top safety score from NHTSA and the Insurance Institute for Highway Safety to be considered,” said Brent Romans, senior analyst at Edmunds. “That narrowed down the list.” (more…)