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Posts Tagged ‘toyota news’

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.

Come Along for the Ride!

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.

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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.

Your Auto Insider!

“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.

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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.

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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, TheDetroitBureau.com has been advised, will begin in November, but will be slower than originally planned.

Stay Plugged In!

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.

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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.

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Toyota Recalling 3.4 Mil Prius Hybrids, Other Models

Worldwide effort targets airbags, faulty emissions systems.

by on Jun.29, 2016

A 2012 Toyota Prius. Some versions of the popular hybrid suffer from both of the defects.

Toyota Motor Co. will recall 3.37 million vehicles due to a series of safety and emissions problems, the world’s largest automaker announced on Wednesday.

The global service action includes 2.87 million vehicles with faulty emissions control units. A faulty airbag inflator was installed in 1.43 million cars. Some of the popular Toyota Prius hybrids suffer from both problems which is why the actual total number of vehicles affected by the recall comes in at 3.37 million.

Safety News!

The airbag problem involves a faulty system that may partially inflate without a crash, creating the risk of injury. Toyota noted that the defective system was provided Autoliv, and not by Takata Corp., the Japanese airbag supplier now responsible for the largest recall in automotive history.

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Toyota Tells Dealers Not to Hide Future Takata Recalls

Several makers continue using defective airbags due to shortage of new inflators.

by on Jun.13, 2016

The Toyota 4Runner is one of the models the maker builds still using the suspect Takata airbags.

Stung by critics who revealed it is still using potentially defective Takata airbags in some of its new products, Toyota has told U.S. dealers they must disclose to buyers which vehicles will be subject to recall by 2018.

At least four automakers have continued using Takata inflators in some of their vehicles because of a shortage of new airbags using a safer design. The shortage has created a major problem for the industry, delaying repairs and forcing the National Highway Traffic Safety Administration to announce a phased recall of additional Takata airbags.

Stay on Top!

Senator Bill Nelson, the Florida Democrat who disclosed the problem last month, has been urging automakers, at the least, to disclose when they sell vehicles that will ultimately be subject to a known recall over the next two years.

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Toyota Production Again Disrupted by Supplier Problems

Impact likely to be short-term this time.

by on Jun.03, 2016

Once again, Toyota vehicle production is hampered by an event beyond its control. An explosion at a brake supplier has left it scrambling for parts.

Toyota has suspended production on a trio of Japanese assembly plants due to an explosion at one of its key supplier’s factories.

The incident occurred on Monday at a facility operated by brake manufacturer Aisin Advics on a paint line. Four people were taken to the hospital, forcing both Aisin and Toyota to go scrambling to find alternative sources for key brake parts.

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The incident has impacted several manufacturers, including minicar maker Suzuki, but Toyota appears to have taken the biggest hit, and the temporary shutdown comes as the third time this year the Japanese giant’s domestic factories have been idled by various natural and man-made disasters. (more…)

Automakers Continue to Install Defective Takata Airbags on New Vehicles

And 2.1 mil defective inflators have been installed as replacements in older vehicles.

by on Jun.01, 2016

A Takata airbag after a crash.

(This story has been revised to include comments by FCA and Toyota.)

Even as federal safety regulators expand the ongoing recall of defective Takata airbags, four major automakers continue to install some of the potentially deadly devices on their newest vehicles, according to a new Senate report.

A number of manufacturers also are using defective Takata inflators as replacements for older airbags in about 2.1 million recalled vehicles. Federal regulators have approved that move as a temporary measure due to a shortage of replacements parts using newer, safer designs.

In the Know!

The four manufacturers that acknowledge they are continuing to use defective Takata bags in new products are Fiat Chrysler, Mitsubishi, Toyota and Volkswagen, according to the report released today by U.S. Senator Bill Nelson, the ranking Democrat on the Senate Commerce Committee.

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Toyota, VW Announce Major Ride-Sharing Partnerships

Japanese maker teaming up with Uber; German carmaker pumps $300 mil into Gett.

by on May.25, 2016

Toyota and Volkswagen are the latest makers to announce deals with ride-sharing companies. Toyota is teaming with Uber.

The number of major automakers entering the ride-sharing realm continues to grow, Toyota and Volkswagen just the two latest.

The Japanese maker has announced a broad alliance with Uber, the world’s largest ride-sharing service, with a $1 billion investment. Volkswagen, meanwhile, is investing $300 million in Gett, a global ride-hailing service. The two announcements come just months after General Motors said it would launch car-sharing service Maven and invest $500 million in Uber’s largest competitor, Lyft.

Ride-Share News!

“Ridesharing has huge potential in terms of shaping the future of mobility,” said Shigeki Tomoyama, senior managing officer of Toyota and president of its new subsidiary, the Connected Company. “Through this collaboration with Uber, we would like to explore new ways of delivering secure, convenient and attractive mobility services to customers.” (more…)