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Posts Tagged ‘toyota news’

BMW Teases Z4 Concept Ahead of Pebble Beach Unveiling

Bavarian marque teases one of two new reveals for Concours.

by on Aug.15, 2017

The new BMW Z4 Concept teases a roadster developed as part of a partnership with Toyota.

There were more than a few tears shed when BMW announced that its long-in-the-tooth Z4 Roadster was going away. And what might follow was clouded in some confusion considering all the upcoming changes to the maker’s line-up.

But was got a hint that an all-new version of the Z4 was in the works last month and now, the Bavarian maker says it will give us more details later this week during the unveiling of the new BMW Z4 Concept at the Pebble Beach Concours d’Elegance over the weekend.

Future Product!

A new teaser image gives us a good look at both the front end and side of the roadster show car, the concept expected to hew closely to what the production model will look like when revealed in the near future. Among the details we’re hoping to confirm is speculation that the new model will share the same platform as the next-generation Toyota Supra.

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Toyota, Intel, Others Form “Big Data” Consortium

Move aimed to support era of smart, autonomous vehicles.

by on Aug.11, 2017

The Toyota FCV Plus cconcept is the sort of futuristic vehicle that will consumer lots of data.

More and more American homes are being wired up for super-high-speed Internet service to handle the demands for gaming, streaming video and home automation devices. But with the age of connected and autonomous vehicles soon expected to become a reality, one of the big challenges will be to create a mobile “big data” ecosystem.

Tomorrow’s cars will need to not only talk to one another but access incredibly detailed, real-time 3D maps constantly updated to show both traffic and disruptions like road work. That could require a flow of information rivaling what goes in and out of a high-tech home, but without the wired data pipeline.

Tech News!

To address the challenges this will create, Toyota is setting up a new consortium with tech giants Intel and Ericsson, Japanese telecomm firm NTT DoCoMo, and auto parts firm Denso. Toyota also says it will leave the new Automotive Edge Computing Consortium open for other “relevant” tech and automotive companies to join.

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Toyota Delaying Launch of New Mexican Plant

Operations now set to begin in 2020.

by on Aug.10, 2017

Toyota will now produce its midsize Tacoma pickup truck at the new Mexican plant.

Toyota will push back by a year the planned opening of a new assembly plant in Mexico, a delay resulting from its decision to shift production for two key models.

The factory in Guanajuato, in central Mexico, was to have produced the popular Toyota Corolla. Instead, it will now build the Tacoma pickup. The Corolla, meanwhile, will move from a Toyota factory in Canada to a new plant Toyota is opening in the United States.

Industry News!

“With the production model change to the Tacoma pickup, the start of production will consequently be in the first half of 2020,” rather than the originally scheduled production launch in 2019, a Toyota spokesman explained. “However, we will make our utmost effort to advance the timing in order to minimize the impact to suppliers and the local community.”

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Toyota Net Up, Though Operating Income Falls, Maker Forecasting Big Full-Year Increase

News comes as Japanese giant prepares to unveil new battery-car joint venture with Mazda.

by on Aug.04, 2017

Toyota posted an 11% increase in net earnings for the company's first quarter, beating analysts' forecasts.

Toyota Motor Corp. delivered an 11% jump in net earnings on Friday, though the maker said its operating profit tripped by roughly the same percentage during the first quarter of its fiscal year.

The numbers were better than industry analysts had predicted, nonetheless, and the Japanese giant raised by 16% its forecast for net income during the fiscal year ending next March 31, in part due to expectations for a weaker yen.

Financial News!

Toyota’s financial news was all but drowned out, however, by the maker’s confirmation that it will take an equity stake in smaller Japanese maker Mazda Motors Corp. The two companies also are expected to launch a new joint venture to produce electric vehicles while setting up a U.S. assembly plant that will cost $1.6 billion and employ as many as 4,000 workers after it goes into operation in 2021. (more…)

Toyota Pairing Up with Mazda on EV Project, $1.6b US Car Plant

Mazda to issue new shares as Toyota set to take 5% equity stake.

by on Aug.04, 2017

Toyota President Akio Toyota and his Mazda counterpart Masamichi Kogai announce their alliance.

On the same day Toyota Motor Corp. announced a 6% jump in net earnings, the Japanese automaker confirmed it will take an equity stake in Mazda Motor Corp. on a venture that will lead them to jointly develop and produce electric vehicles.

Meanwhile, the two carmakers confirmed they will also set up a new, $1.6 billion assembly plant in the United States that will create up to 4,000 new jobs. Toyota already operates a broad network of factories in the U.S., but Mazda hasn’t operated a plant there since exiting a long-running joint venture with Ford Motor Co. several years ago.

Beyond the Headlines!

“The greatest fruit of our partnership with Mazda is that we have found a new partner who truly loves cars,” said Toyota President Akio Toyoda. “It has also sparked Toyota’s competitive spirit, increasing our sense of not wanting to be bested by Mazda.”

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Toyota Steers $5M to New Autonomous Vehicle Test Center Near Detroit

Japanese automaker becomes first car co. to support American Center for Mobility.

by on Aug.01, 2017

Gill Pratt heads up Toyota's efforts to produce an autonomous vehicle. He's enthusiastic about partnering with the American Center for Mobility.

Toyota will contribute $5 million to sponsor the new American Center for Mobility, a 335-acre center in the Detroit suburbs that will be dedicated to the development and testing of autonomous and fully driverless vehicles.

While AT&T announced plans to become the first corporate sponsor of the center back in January, Toyota is the first automaker to publicly commit funding for the facility which is being developed on the site of an old World War II bomber plant in the city of Ypsilanti, Michigan.

Beyond the Headlines!

“We are excited to be the first automaker joining this effort to create a test ground for advanced vehicle technologies in our backyard,” Toyota Vice President Jeff Makarewicz, said ahead of an appearance at an industry conference in Traverse City, Michigan. “Together with industry and government partners, we would like to set a direction to realize connected and automated vehicles to help improve safety and mobility.” (more…)

Renault-Nissan Alliance Leapfrogs Toyota, VW, to Become World’s #1 Automaker

Hits mid-year with big lead, lots of momentum.

by on Jul.28, 2017

Badass warrior? Nissan and Alliance partner Renault have leveraged a lead in global sales.

The auto industry has a new king-of-the-hill – at least for the first half of the year. A dark horse not all that long ago, the Renault-Nissan Alliance handily outsold both Volkswagen and Toyota and continues to gain momentum going into 2017’s second act.

It had been largely a two-horse race until recently, Volkswagen last year pulling off an upset due to a series of problems hammering Toyota. But Nissan has rapidly gained speed and last year’s effective takeover of troubled Mitsubishi Motors Corp. helped put it over the top.

Industry News!

For the first half, the Euro-Asian Renault-Nissan Alliance sold 5,268,079 vehicles, compared to Volkswagen’s 5,155,600 and Toyota’s 5,129,000. All three makers are on track to top 10 million for year. But General Motors, which had long ranked at the top of the sales charts, now lacks well back in fourth and unlikely to even make 9.5 million for the full year without picking up its pace.

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America’s Love Affair With the Car Hasn’t Ended, Finds New JD Power Study

“Many automakers are getting better at consumers what they want.”

by on Jul.26, 2017

Porsche led the latest APEAL study overall, three models, like the 911 also winning their segments.

It’s become conventional wisdom that Americans have fallen out of love with the automobile and would just as soon click on a smartphone app to call a ride-sharing service as actually own a vehicle.

But that doesn’t seem to pan out when you read the results of the latest APEAL study by J.D. Power and Associates. If anything, a summary of the report suggests “car owners’ love affair with new vehicle is stronger than ever.”

Power to the People!

“Many automakers are getting better and better at giving consumers what they want in a vehicle,” explained Dave Sargent head of global automotive research at Power. That’s especially true in mainstream market segments, he added, as “non-premium vehicles” add more and more of the safety and infotainment technologies traditionally reserved for high-line products.

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Toyota Long-Range EV Could Bring Battery Breakthrough to Market

New solid-state batteries could increase range, radically reduce charging times.

by on Jul.25, 2017

The batteries powering the Prius has been the closest Toyota's been to a pure EV since it retired the RAV4 a few years back.

Long skeptical about lithium-ion technology, Toyota has confirmed it is working on long-range electric vehicles but a new report says the maker could be working on a breakthrough technology that resolves many of the problems associated with today’s batteries.

According to the Chunichi Shimbun daily, Toyota wants to bring to market in 2022 an electric vehicle that would shift to so-called solid-state batteries. That approach has been a Holy Grail for battery researchers because the technology is theoretically capable of both increasing range and reducing charging times, making electric vehicles as easy to use as today’s gasoline-power products.

Insight!

Whether Toyota can commercialize solid-state technology by early in the next decade is far from certain, but it isn’t the only manufacturer working on the concept. Henrik Fisker, founder and CEO of Fisker Automotive, told TheDetroitBureau.com on Monday that his company is also working on solid-state batteries, but cautioned, they are “at least five years out,” or roughly in line with the reported target date for Toyota. (more…)

Toyota Invests $100M in New Venture to Develop Disruptive Tech

New Toyota AI Ventures provides financing to tech startups.

by on Jul.12, 2017

Toyota's Gill Pratt said the new venture continues the company's long-standing tradition of introducing disruptive technologies.

The Toyota Research Institute plans to invest $100 million to launch Toyota AI Ventures, a new subsidiary designed to provide early-stage financing to startup technology companies.

Toyota AI Ventures will offer TRI the opportunity to collaborate with talented entrepreneurs who prefer to work in a venture business environment.

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“Toyota has a history of disruptive innovation in the service of mankind, moving from textile machinery to automobiles in the late ’30s, to the broad electrification of the automobile with Prius in the ’90s, to autonomous mobility and human assist robots,” said Gill Pratt, CEO of TRI. (more…)