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Posts Tagged ‘toyota news’

Toyota Produces Second FT-1 Concept Sports Car

Fans relying on Gran Turismo 6 to test rumored Supra replacement.

by on Aug.14, 2014

The FT-1 concept from Toyota gets a new look with a graphite exterior and a saddle interior.

The buzz for a new Toyota Supra just went up a couple of decibels today as the automaker revealed a new version of its ballyhooed FT-1 concept car in California with a graphite exterior and saddle-colored interior.

The original FT-1 debuted at the North American International Auto Show in Detroit last January in a bold red with a black leather interior. Officials were adamant that it was merely a design exercise. In fact, it didn’t even have a working engine in it. The show car borrowed a Ferrari trick, mounting a powertrain under a transparent panel.

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However, the appearance of a second edition, developed by Calty Design Research in Newport Beach, California, after the company teased fans by allowing a computerized version to appear in racing video game Gran Turismo 6, is only going to whet the appetites of Supra fans even more. (more…)

Former U.S. Attorney Monitoring Toyota’s Safety Efforts

Part of $1.2-billion settlement includes watchdog.

by on Aug.13, 2014

As part of the settlement reached by the Justice Department, led by Attorney General Eric Holder, in Toyota's unintended accretion case, former U.S. Attorney David Kelley was named as the monitor for Toyota's safety efforts going forward.

Nearly five months after Toyota Motor Corp. agreed to a $1.2-billion settlement with the U.S. Justice Department the two sides agreed on a monitor for the Japanese maker’s safety compliance efforts: former U.S. Attorney David Kelley.

In March, Toyota pleaded not guilty, but acknowledged wrongdoing in its handling of cases of unintended acceleration. The two sides reviewed more than a dozen possible candidates before settling on Kelley.

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A partner at Cahill Gordon & Reindel LLP in New York, Kelley role will have him reviewing Toyota’s safety policies and procedures as well as verifying the accuracy of its public statements. (more…)

Toyota Unleashing FT-1 Vision GT Concept for Gran Turismo 6

A hint of a new Supra?

by on Aug.08, 2014

Smoke and mirrors? Toyota teases the Gran Turismo 6 version of its FT-1 Vision GT Concept.

Traditionally derided for its “plain vanilla” designs, Toyota delivered a shocker when it revealed the FT-1 Vision GT Concept at the Detroit Auto Show last January. And while the maker said it had no plans for production, fans have been hoping the Japanese giant might just change its mind.

That just might be the case. At least, Toyota isn’t letting the FT-1 fade away. And gamers will soon have a chance to take it for a spin via the wildly popular Gran Turismo 6 videogame – which has many fans wondering if there’s more in store.

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Could the exotic show car be headed for the real world, perhaps in the form of the revived Toyota Supra? That’s the possibility that is generating intense buzz online.

Whatever the plans, Toyota is offering up a tease of the Gran Turismo take on FT-1 in a 30-second video. The maker says the digital version of the Vision Concept will “soon be available for download,” where it can then be electronically inserted into the racing videogame.

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Toyota Donates $1 Million to Detroit Institute of Arts

Japanese maker joins Detroit Three in “grand bargain.”

by on Aug.07, 2014

Toyota donated $1 million to the Detroit Institute of Arts as part of the "grand bargain" designed to keep the museum's collection from being sold to satisfy the city's debt during bankruptcy.

Toyota Motor North America pledged $1 million to the Detroit Institute of Arts as part of the effort to raise $100 million toward a “grand bargain” that will help the City of Detroit emerge from bankruptcy, support city pensioners and protect the museum’s art collection from sales by creditors.

“Detroit and the surrounding areas are vitally important to the automotive community. They deserve our support,” said Simon Nagata, president of Toyota Motor Engineering and Manufacturing, Inc.

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“Together we can find solutions to help Detroit become the healthy and vibrant community that reflects the spirit of its people. This commitment is a way to demonstrate our gratitude to the people who have built this industry and support us every day,” he said. (more…)

Lexus Ascends to Top of Luxury Sales Heap in July

Japanese maker outsells BMW and Mercedes.

by on Aug.05, 2014

Lexus nabbed the luxury sales crown in July. The maker's IS models helped to lead the way with a 24.7% jump.

The battle for the luxury vehicle sales crown has been a two brand clash for the last couple of years: BMW and Mercedes-Benz. However, the former champ, Lexus, is back in the game after it outsold the two German makers in July.

Lexus reported sales of 27,333 vehicles during July, while Mercedes-Benz reported 27,192, followed by BMW’s 26,409 units. All three brands also posted sales records for the month as new products, relatively inexpensive financing and economic recovery helped push sales.

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However, with all three brands reporting double-digit increases so far this year, BMW has built a small lead over its rivals, selling a total of 183,791 vehicles, while Mercedes-Benz has sold 178,816 and Lexus has sold 166,022. (more…)

Toyota Earnings Surge 5% on Sales Gains in U.S., Europe

But maker loses ground at home.

by on Aug.05, 2014

The new Toyota Corolla hit big in the U.S. and Europe.

Driven by strong demand in both North America and Europe, Toyota Motor Co. saw earnings surge 5% in the latest quarter.

Toyota earned 587.77 billion yen, or $5.7 billion, an all-time record, during the April-June quarter, up 4.6%, while global sales increased 2%, to 6.39 trillion yen, or $62.3 billion. Both numbers exceeded industry analysts’ forecasts. According to FactSet, the consensus called for a 12% decline in earnings compared to a year ago, with only a 1% gain in sales.

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The earnings announcement came just days after Toyota released its sales numbers for the first six months of 2013 showing it had remained the world’s largest automotive manufacturer, and apparently still on track to become the first in the industry to sell 10 million vehicles in a single calendar year – though the maker slightly reduced the sales forecast it announced in January.

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Hyundai Tells Drivers to Park 2015 Sonata

Major brake problem forces recall; Toyota pressured to recall Camrys.

by on Jul.30, 2014

The 2015 Hyundai Sonata's being recalled for the second time since its introduction. This action involves faulty brakes.

Hyundai issued its second recall on its 2015 Sonata and ordered drivers to park the newly introduced sedan due to a problem with its brakes. At the same time, the pressure on Toyota to do the same with thousands of Camrys is ramping up.

The South Korean automaker is recalling 5,700 Sonatas built from April 25 to June 16 due to a manufacturing error that may cause either or both of the front brake calipers to fracture making it more difficult to stop the car. The fix requires replacement of the faulty brake calipers.

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Hyundai recalled the Sonata last month for a faulty wiring harness that could limit the effectiveness of the power steering. (more…)

Toyota Maintains Global Sales Lead – Barely

VW closing gap as GM settles into third spot.

by on Jul.30, 2014

Strong demand for new models, such as the redesigned Corolla, helped Toyota retain the sales lead for the first half of 2014.

While its lead has been narrowing, Toyota Motor Co. retained its crown as the world’s best-selling automaker during the first half of 2014.

The maker edged out rivals Volkswagen AG and General Motors in the global sales sweepstakes as demand for its cars, trucks and crossovers surged to 5.097 million between January and June, a 4% increase fueled by growth in markets ranging from U.S. and Europe to China and the Japanese home islands.

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That was not only an all-time record but exceeded forecasts – while positioning Toyota to meet a goal of becoming the first automaker ever to sell 10 million vehicles in a single year. VW is also shooting for the 10 million mark, though preliminary data indicate it only tallied sales of 4.97 million vehicles during the first half, GM following at 4.92 million.

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Shake-Up at Scion

Toyota’s youth brand making major changes to product line-up.

by on Jul.29, 2014

Soon to be gone? The Scion xB.

Scion has always tried to think out of the box, and now it likely will abandon its boxy xB model as part of a product line shake-up designed to reinvigorate Toyota Motor Co.’s youth-oriented brand.

The xB is one of several models that reportedly will go away, according to various reports, while the Japanese brand will get several new models, including a version of the Auris hatchback sold in Europe and other parts of the world under the Toyota badge.

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Gone is the strategy of limiting Scion to just a handful of products designed to bring first-time buyers into showrooms, the brand’s top executive recently confirmed to TheDetroitBureau.com.

Scion could use the shake-up. Only a few years back considered among the hottest brands in the market, Scion has lost significant momentum in recent years and was one of only a handful of brands to see sales slide during the first half of 2014.

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Small Car Shoot-Out Heats Up with Updated Toyota Yaris

Subcompact hatchback gets a “new attitude.”

by on Jul.24, 2014

The 2015 Toyota Yaris goes for a more aggressive design to compete in a crowded segment.

There’s a big battle underway in the small car market, and Toyota has rearmed with a new version of the Yaris subcompact.

Coming to market in both three- and five-door hatchback versions, the 2015 Toyota Yaris is the Japanese giant’s newest model to opt for a more aggressive design than Toyota has traditionally been known for, the maker declaring the hatchbacks now have “a new attitude.”

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They’ll need it considering the increasing competition in the small car market from the likes of the recently restyled Nissan Versa and Honda Fit, never mind the domestic small cars that have begun gaining traction in a market long controlled by the Japanese, such as the Chevrolet Sonic and Ford Fiesta.

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