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Archive for the ‘Toyota’ Category

Toyota Teases New 2020 Corolla

Critical debut comes as Japanese automaker considers paring back passenger car line-up.

by on Nov.12, 2018

Toyota will pull the wraps off the new Corolla during a webcast at 7 PM PST Thursday.

Earlier this month, Toyota’s top U.S. executive confirmed that the automaker is considering ways to pare back its passenger car line-up as the market continues shifting to SUVs – but you won’t see the long-popular Corolla going away any time soon, as this new teaser image suggests.

Toyota isn’t saying much beyond promising that, “The world’s most popular car is about to get greater than ever,” with the Japanese automaker set to reveal the 12th-generation sedan version of the Corolla during a livestream webcast on Thursday, Nov. 15 at 7 p.m. Pacific time.

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Toyota clearly needs to rebuild the buzz for the compact Corolla which has been around in sedan form since 2014. Sales fell 11.6% during the calendar-year-to-date, and 14.2% in October alone – and that’s despite supplementing the familiar sedan version with a hatchback model this past year.

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Is Toyota Next to Pare Back its Passenger Car Line?

US CEO “taking a hard look” at model mix in the era of the SUV.

by on Nov.06, 2018

No longer #1; the Camry is just one of the Toyota passenger car models losing momentum.

With the exception of the Mustang, Ford is winding down production of passenger cars. Fiat Chrysler has eliminated almost all of its sedans and coupes, as well. In an era when SUVs have come to rule the roads, could Toyota be far behind?

While we’re not likely to see the Camry or Corolla nameplates vanish anytime soon, the Japanese giant is also rethinking its model mix and could toss some of its sedans, coupes and hatchbacks as it puts more of an emphasis on sport and crossover-utility vehicles, according to the head of its North American operations.

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“We are taking a hard look at all the segments we compete in, to make sure we are competing in profitable segments and that products that we sell have strategic value to the brand,” Jim Lentz told the Wall Street Journal.

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Toyota Earnings Soar on Global Sales Surge

Automaker lifts full-year forecast.

by on Nov.06, 2018

Strong demand for Lexus, especially in the Chinese market, helped Toyota deliver strong earnings.

Toyota Motor Corp. reported a 28% increase in its net profit for the July-September quarter, earnings buoyed by strong demand in key global markets, including the Americas, Asia and Europe.

The Japanese giant also advised that it expects to see earnings push past earlier forecasts for the full year, in part driven by unexpectedly strong demand in China. Sales of the Lexus brand, have been booming there, despite a slowdown in the overall Chinese market.

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Sales gains were only one of the factors that propped up Toyota’s bottom line, said Senior Managing Masayoshi Shirayanagi. Referring to aggressive cost-cutting efforts, he said, “We are steadily making progress toward achieving our challenge-level target.”

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Subaru, Toyota Recalling 165,000 Cars Due to Engine Stalling

A valve spring is root of the problem.

by on Nov.02, 2018

The 2012 Subaru Impreza is part of a recall of 165,000 cars in the U.S. due to a problem that could cause the engine to stall.

Subaru and Toyota partnered up to build engines and now they are partnering on a recall of about 165,000 U.S. vehicles to resolve an issue causing those engines to potentially stall.

The action covers about 140,000 Subaru vehicles in the U.S. and about 25,000 of Toyota’s now-defunct Scion brand vehicles.

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“There is a very small possibility of a valve spring fracture in a very small number of affected vehicles, which could lead to engine noise, malfunction or, in a worst-case scenario, an engine stall,” Subaru said in a statement. (more…)

GM Handily Beats Earnings Forecast, Buoyed by Truck Sales

Shares soar in pre-bell trading.

by on Oct.31, 2018

GM's Renaissance Center headquarters in Detroit.

General Motors delivered a positive surprise to analysts and investors on Wednesday morning, delivering significantly stronger earnings than had been forecast, buoyed by surging demand for its light truck line-up, including the completely redesigned Chevrolet Silverado pickup.

The announcement stands in sharp contrast to rival Ford Motor Co. which, last week, reported a significant decline in third-quarter income, despite strong demand for models like its F-150.

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GM said it earned a net of $2.53 billion during the July-to-September quarter, or $1.75 a share. A year ago, it lost $2.98 billion, or $2.03 a share, though that figure largely reflected the cost of completing the sale of its European-based Opel subsidiary to France’s PSA Group.

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Automakers Deliver Some Neat Tricks and Plenty of Treats for SEMA Show

Here's our round-up of the coolest, hottest and wackiest concepts to roll into the Las Vegas Convention Center.

by on Oct.31, 2018

The Honda Rugged Open Air concept.

Trick or Treat? Make that trick and treat, as the annual SEMA Show gets underway in Las Vegas.

Perfectly timed for Halloween, the annual aftermarket event regularly sees the debut of some intriguing concept vehicles from U.S., Asian and European automakers, and this year is no exception.

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In fact, there’s a Demon-chaser from Mopar which reveals a 1,000-horsepower crate motor that takes last year’s version of the Hellcat line to new levels. (more…)

Toyota Makes It Official: New Supra Bows at Detroit Auto Show

Sports car fans must wonder no longer.

by on Oct.30, 2018

With each passing day, the Toyota Supra inches closer to reality, including this heavily camouflaged model at Goodwood.

Toyota Supra fans can celebrate — finally.

We mean it this time. Truly.

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The company officially announced it plans to debut the long-awaited return of Toyota’s beloved sports car at the North American International Auto Show in Detroit in January. (more…)

Green Car of the Year Finalists Revealed

“Green” comes in many forms.

by on Oct.30, 2018

The 2019 Insight is Honda's third attempt to market a mainstream, entry-level hybrid: an a possible winner of Green Car of the Year.

Not all that long ago, motorists looking for an environmentally friendly vehicle were likely in for a long search, with only a handful of models on the market. These days, it’s becoming a lot easier, as more and more new alternatives come to market, seemingly almost every week.

And that’s convinced the organizers of the annual Green Car of the Year Awards to expand their program this year. “Green comes in many forms,” they explain, noting that this year will bring new awards for the Luxury Green Car of the Year and the Green SUV of the Year.

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The three awards will be handed out at the Los Angeles International Auto Show just a month from now, and could see the jury highlight the wide range of “green” technologies now available to American motorists. (more…)

New Vehicle Sales Expected to Cool in October

Despite slide, market is historically strong.

by on Oct.26, 2018

Jeep is expected to help Fiat Chrysler to another sales increase in October.

Sales of new vehicles are expected to cool slightly in October with an estimated seasonally adjusted annual rate of 17.1 million units.

The forecast reflects a 6.7% decrease in sales from September 2018 and a 2.1% decrease from October 2017 as Edmunds predicts that 1.322 million cars and trucks will be sold in the U.S.

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The anticipated decline in sales comes on the heels of a volatile month in the stock market, which has been one of the major backstops for car sales for months now, according to the carmakers themselves. (more…)

Consumer Reports: Domestic Vehicle Reliability Slipping

Domestic brands struggled in this year's survey.

by on Oct.25, 2018

Toyota and its luxury sibling topped this year's Consumer Reports reliability survey of 29 brands.

Toyota and Lexus came out on top in Consumer Reports annual reliability survey thanks in large part to a cautious approach to adapting to new technology.

However, the Toyota Tundra, the automaker’s entry into the full-size truck segment, slipped off Consumer Reports list of recommended vehicles, Jake Fisher, Consumer Reports director of automotive testing, disclosed during a meeting of Detroit’s Automotive Press Association.

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Fisher said overall it was a difficult year for domestic brands as Buick, Chevrolet, Cadillac and Chrysler were among the brands that dropped in the Consumer Report’s new car reliability survey. Honda, which performed well in earlier years, also has slipped, he said.  (more…)