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Posts Tagged ‘Venza’

Toyota Killing Off Venza – but New Midsize CUV Likely to Follow

Camry-based Venza never clicked with U.S. buyers.

by on Mar.05, 2015

A Venza at the new Toyota engineering center near Detroit.

On paper, at least, it was a great idea. Toyota’s Venza was designed, engineered and manufactured in the U.S. market, and was expected to connect with U.S. buyers in a special way.

But as the sales numbers reveal, that didn’t happen, and Toyota is now set to kill off the Camry-based crossover-utility vehicle. While production for overseas markets is expected to continue at the maker’s Georgetown, Kentucky, plant through September 2017, the last Venza will be shipped to U.S. dealers in June of this year.

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No jobs will be lost at (the Kentucky plant) as a result of this decision,” stressed Toyota spokesman Mike Kroll in an e-mail to “At this time, no specific plans are in place for a replacement vehicle.” (more…)

Toyota’s Lentz Maps out Company’s Future in U.S.

Japanese maker relying on technology, design to strengthen sales.

by on Oct.16, 2013

Toyota's Jim Lentz says Toyota's version of autonomous vehicles will improve driver's ability, not take over the entire process.

When the future finally gets here and we’re all driving, or riding in, autonomous cars, the Toyota badge may not be on the side of your ride, according to Jim Lentz, Toyota North America CEO.

The Japanese carmakers’ plans for autonomous vehicles fall more into the realm of helping drivers improve their skills rather than allowing drivers to sit back and read the paper while the vehicle does the work.

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“We view autonomous cars a little differently than some others. We really see it as a co-pilot type car, not as a self-driving car,” Lentz, the first American to head Toyota’s vast operations in the NAFTA region, told the Associated Press. “A car that can really enhance the reflexes and the ability of a driver to continue to drive. That’s why I’m excited about those cars. As we look at boomers and they start to retire, the ability to have cars that can enhance their capabilities, it’s going to allow them to drive much longer.” (more…)

Global Auto Growth Will Force Shift to Battery Power, Warns Zetsche

German maker's new charging system cuts time to as little as 1 hour.

by on Apr.06, 2012

Daimler CEO Zetsche wants to expand the maker's investment in battery technology.

Daimler AG is doubling down on electric propulsion – and backing its expanding investment in battery technology with the launch of a new charging system that can recharge the batteries for an electric Smart car in as little as one hour, Daimler chief executive officer Dieter Zetsche told the company’s shareholders as he addressed the company annual meeting.

The maker is looking at opportunities to grow electric car sales in not only key Western markets, but also in emerging markets such as China, where Zetsche told investors the technology has become “a big issue.” With worldwide car sales likely to increase by 50% before decade’s end, he stressed, automakers like Daimler have no alternative to turn to battery power.

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In the days leading up to the annual meeting, Daimler locked down a new joint venture with Chinese partner BYD – generally considered the leader in that market’s battery car technology – to launch the all-new Denza brand.  It will focus on launching a line of  affordable electric vehicles.


Toyota Throws Record Incentives at U.S. Market

After a 9% sales slump, Toyota goes on marketing offensive.

by on Mar.02, 2010

Under pressure to turn around a share and sales slump, Toyota is spending big.

Toyota Motor Sales, U.S.A. today announced plans to launch what it called its “most far-reaching sales program in its history.”

This latest development followed the  announcement that Toyota sales had declined 9% in February, moving far behind number two General Motors in the U.S. market.

Particularly worrisome was a drop in “first time buyers” during the month.

A “stop sale” of its most popular models  because of safety recalls at the beginning of the month cost Toyota an estimated 18,000 vehicle sales, according to Bob Carter, group vice president and general manager of Toyota Division for Toyota Motor Sales.

Starting today, through April 5, 2010, the national marketing program includes financing, leasing and customer loyalty offers. Highlights of the program include:

  • 0% APR financing for up to 60 months on 2010 Avalon, Camry, Corolla, Highlander, Matrix, RAV4, Tundra and Yaris, for qualifying buyers.
  • Low lease rates on 2010 Avalon, Camry, Corolla, Highlander, Matrix, Prius, RAV4, Tundra and Venza, for qualifying buyers. Examples include a Corolla lease for $179 a month and a Camry lease for $199 a month, although offers may vary regionally.
  • Complimentary two-year premium maintenance program for customers who purchase or lease a new vehicle and provide proof of a Toyota, Lexus or Scion vehicle already registered in household, with applicable conditions.


Automakers Trim Super Bowl Presence – Offer Creative Ads

At $300,000 a second, you better be good.

by on Feb.02, 2009

Hyundai tweaked its German, Japanese rivals with Super Bowl spot for Genesis

Hyundai tweaked its German, Japanese rivals with Super Bowl spot for Genesis

Thirty seconds at a hundred-thou per second for 3 million bucks per commercial is a carefully considered advertising expenditure (some call it an investment) anytime, but especially in to-day’s gloomy economic environment.

Commercials have become almost as important as the game itself to marketers with hype and hyper promotion. Over the past 43 Super Bowl broadcasts though, automotive commercials have been significantly lackluster, never ranking high with consumers. It’s doubtful this years efforts will be any different in on of the most exciting Super Bowl games.
Here’s my twitter style review of the in-game commercials.