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Posts Tagged ‘toyota news’

Toyota Readying to Build Hybrid Transmissions in Poland

Toyota second maker in a week to announce new operations in the country.

by on Oct.21, 2016

Toyota's new plant in Poland will build transmissions for the hybrid version of the Auris.

Toyota Motor Europe has announced plans to build a new plant in Europe that will produce transmissions used in hybrid cars.

European motorists, with their heavy orientation towards diesel engines, have traditionally been skeptical of hybrids. But the market is changing and a new generation of “plug-in” hybrids that can run on electricity or gasoline are slowly catching the attention of European buyers.

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Going forward, Toyota Motor Europe expects its hybrid sales in Europe to increase from its current level of 31% of total sales to a target of 50% by 2020. For Poland, the Toyota investment is the second major investment by a global automaker this month. Mercedes-Benz also committed to building a new engine plant in Poland. (more…)

Toyota Recalling Prius Hybrid to Fix Deadly Defect

Move triggered by “reports of crashes, injuries and deaths.”

by on Oct.12, 2016

Toyota is recalling 340,000 2016 and 2017 model year Priuses due to a parking brake issue.

Toyota Motor Co. is recalling about 340,000 Prius hybrids after receiving reports of a potential defect with the car’s parking brakes.

About 92,000 of the recent-model Prius hatchbacks were sold in the United States. Most of the others, about 212,000 in all, were sold in the home Japanese market. Vehicles shipped to Europe and Australia are also covered by the order.

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The Japanese automaker ordered the recall after it “received reports of crashes, injuries and deaths,” though Toyota has not released specific details and said it is “still looking into the reports.” (more…)

Toyota Brings Future to the Present with Kirobo Mini

Space Station-inspired bot aims to keep people company.

by on Oct.04, 2016

Toyota plans to sell the Kirobo Mini, a communications robot, at dealerships in Japan sometime next year.

Looks like the movie iRobot may be coming to life as Toyota announced it plans to sell the “Kirobo Mini” communications partner robot through its car dealerships across Japan next year.

The little robot can actually engage in casual conversation with its owners. The miniature “friend” has the ability to respond to user emotions and will “grow” by remembering user preferences and past events, Toyota notes.

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While the robots in the film provided a variety of services, such as house cleaning, daycare and security, these little guys can go anywhere as they are just about four inches tall. They’re likely to be less expensive than their film cousins too coming in at just under $400 not including taxes. (more…)

Jeep Finds its Bearings with New Compass SUV

American unveiling set for L.A. Auto Show.

by on Sep.27, 2016

A "baby" Grand Cherokee? Jeep pulls the wraps off the all-new Compass SUV.

Jeep is heading off in a new direction with the launch of the all-new 2017 Compass model.

Though the name is a carryover, the compact SUV that made its debut in Pernambuco, Brazil on Monday night gets a new platform and an entirely new look that more closely echoes the styling of the Jeep brand flagship, the Grand Cherokee. As part of the transition, Fiat Chrysler’s SUV brand will abandon the near-twin Jeep Patriot when the new model starts rolling into showrooms early next year.

Global Product News!

The debut comes months later than originally expected. FCA had first planned to roll out the new Jeep Compass at the New York Auto Show last March, but decided to use it to help highlight the new plant it has opened in Brazil.


Toyota: No Plans to Give Up on Cars

Despite shift by buyers to utility vehicles, cars big part of portfolio.

by on Sep.21, 2016

Toyota's Bill Fay said that despite the ongoing shift from cars to trucks and utility vehicles, the automaker plans to have robust car line-up.

Sales of new cars in the U.S. are in flux as trucks and utility vehicles claim an increasing share of the market.

Toyota, the most popular Asian brand in the United States, is headed for record truck sales of more than 1.4 million units in the U.S. this year. But despite the shift, Toyota, which has produces some of the most popular passenger cars in the United States, isn’t about to give up on cars

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“We aren’t giving up on passenger cars,” said Bill Fay, Toyota Motor Sales vice president in charge of the Toyota Division. (more…)

GM Reportedly Wants to Buy Lyft

Ride service tells automaker to take a hike.

by on Aug.15, 2016

GM CEO Dan Ammann (c), recently took a seat on the Lyft board of directors.

Ride-sharing service Lyft has rejected a takeover bid from General Motors, according to Silicon Valley news site The Information.

The move would have turned the country’s biggest automaker into an even bigger player in the fast-growing field of alternative mobility. GM already holds a 9% stake in Lyft and also owns San Francisco based competitor Sidecar. It has also dipped its toes into the world of car-sharing, as well.

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Neither GM nor Lyft will comment on the report by The Information and a second Silicon Valley news service. But sources reportedly include a “person briefed on the situation,” and comes a year after Lyft went looking for a possible buyer.


Toyota Teams up with University of Michigan to Accelerate Artificial Intelligence Hunt

Smart cars = safer cars.

by on Aug.10, 2016

Toyota is already working with U-Mich at MCity, an autonomous vehicle test track.

Toyota is expanding its effort to develop advanced artificial intelligence, robotics and autonomous driving technologies by teaming up with the University of Michigan Transportation Research Institute.

The $22 million project is the latest in a series of collaborative efforts Toyota has launched since setting up its own Toyota Research Institute a year ago. The Japanese maker, reversing a long-standing reluctance to develop autonomous vehicles, has also established close ties with Silicon Valley’s Stanford University and Massachusetts Institute of Technology.

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“We look forward to collaborating with U-M’s research faculty and students to develop new intelligent technologies that will help drivers travel more safely, securely and efficiently,” said Gill Pratt, the head of the Toyota research program. “We will also focus on expanding the benefit of mobility technology to in-home support of older persons and those with special needs.” (more…)

Toyota Earnings Slip; Company Cuts Forecast

Strong yen, production problems, sliding margins take a toll.

by on Aug.04, 2016

Toyota CEO Akio Toyoda faces pressure to cut costs even as the maker invests in new products.

Snagged by a strong yen, tepid sales and supplier problems, Toyota Motor Corp. delivered a weak profit for the latest quarter, the Japanese giant also warning that the current fiscal year could be its weakest in nearly half a decade.

Toyota, whose global sales slipped behind rival Volkswagen AG for the first half of this year, said it earned $5.1 billion for the April-June quarter, the first in its new fiscal year. That was a decline of 14.5%. Operating earnings, meanwhile, were off 15%, to $5.9 billion.

By the Numbers!

Net revenues also declined 5.7%, to $60.9 billion, despite a modest 1% increase in global vehicle sales. The maker sold 2.53 million cars, trucks and crossovers for the quarter, but that number was short of expectations due to a series of natural and man-made disasters that impacted production in Toyota’s home market plants.


Toyota Delays Launch of Plug-in Prius Prime

U.S. sales not planned to start until winter.

by on Aug.03, 2016

The plug-in Toyota Prius Prime made its global debut at the NY Auto Show last March.

(Ed. Note: Toyota has now clarified details of the U.S. launch. See details, below.)

Toyota Motor Co. is delaying the start of production for its new plug-in model, the Prius Prime.

The move is expected to push back the availability of the new model in the Japanese market. The U.S. launch, has been advised, will begin in November, but will be slower than originally planned.

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The exact reason for the delay hasn’t been stated, though spokesperson Kayo Doi was quoted telling reporters in Japan that, “We decided we want to take our time and more care before starting mass manufacturing.” The launch of production will be slower than original planned, a U.S. official added.


Another Surprise: VW Lands in Global Sales Lead Despite Diesel Drop

Toyota slips to second after production problems.

by on Jul.29, 2016

VW hopes to keep momentum building - despite its diesel woes - with new products like the Alltrack.

A day after reporting a sharp drop in second-quarter earnings, embattled German automaker Volkswagen AG got some good news. Despite its ongoing diesel emissions problems, VW is once again the world’s best-selling automaker – albeit because of a series of unexpected production problems that have been hobbling Japanese giant Toyota in recent months.

Hit by both natural and man-made disasters, Toyota has repeatedly been forced to trim home market production, and the result was a global slide of 0.6% in sales for the first half of 2016, to 4.992 million vehicles. A year earlier, the automaker sold 5.021 million Toyota, Lexus and Daihatsu-branded vehicles from January through June.

By the Numbers!

Though sales have been down in some markets, notably including the U.S., where it can’t sell its once-popular diesel models, VW managed to deliver 5.116 million cars, trucks and crossovers for the first half of this year, a 1.5% increase.