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Posts Tagged ‘Toyota’s CEO Akio Toyoda’

Toyota Paints the Future of Mobility With e-Palette Concept

“A multi-purpose moving space.”

by on Jan.08, 2018

Toyota CEO Akio Toyoda introduces the company's new e-Palette battery-electric van at CES 2018.

Think of the concept vehicle Toyota unveiled at CES Monday as something of a blank canvas. The e-Palette can serve as anything from a driverless ride-sharing vehicle to an automated delivery van – even a mobile store where commuters can shop on their way to work.

The battery-drive prototype will make the transition from concept to reality two years from now when Toyota puts several versions of the e-Palette into service during the 2020 Tokyo Olympics. And the giant automaker has already signed up several e-commerce partners, including Amazon, Pizza Hut and the ride-sharing service Uber.

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Think of e-Palette as a “multi-purpose moving space,” said Akio Toyoda, the CEO of Toyota Motor Corp. and grandson of its founder. “Every e-Palette can be reconfigured for different purposes within a single day.” (more…)

Toyota Reports Big Profits

Weak yen, cost cutting and strong sales boost results.

by on May.08, 2013

Toyota CEO Akio Toyoda said the company still has work to do in spite of big profits last quarter.

The weakening of the Japanese yen gave Toyota’s quarterly profit a boost as it prepares for a new product offensive in key markets in China, Europe and North America.

Toyota profits more than doubled to 313.9 billion yen or $3.2 billion as cost cuts and better sales made an impact while the declining value of the yen gave fresh impetus to the company’s turnaround.

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“Toyota has recovered much of the market share lost due to the recalls and natural disaster,” said Alec Gutierrez, senior analyst at Kelley Blue Book.

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First Drive: 2013 Scion FR-S

Toyota CEO says he wants more passion and this new sports car delivers.

by on Nov.08, 2012

The Scion FR-S fills a noticeable void in the market - the affordable rear-wheel drive sports car with somewhat useful interior space..

In recent years, if you wanted a true sports car, your only choices were to accept a car based a front-wheel drive econobox or cash in your 401(k) to buy a real sports car putting its power to the rear wheels.

No more. Subaru and Toyota – a seemingly unlikely pair to create this car – got together to develop what is essentially the Holy Grail of fun cars – the affordable sports car.

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Think about it. Subaru, known for its variety of sensible all-wheel drive cars with just one performance-oriented model, the WRX, wants to build a car that is completely out of its element, a RWD sports car. Knowing it couldn’t justify the investment without a partner, the small Japanese automaker approached giant Toyota, known recently more for its fuel-sipping hybrids, but with a somewhat forgotten history of performance machines.

Together, they created a masterpiece, a car to be celebrated by everyone who enjoys driving, but wasn’t born with a trust fund in his mouth.

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