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» Archive for the 'Toyota' Category

Toyota to export small trucks, minivans and SUVs from U.S.

Thursday, October 9th, 2008 by admin

Toyota builds many of its U.S. market vehicles right here in America. Among them are the Toyota Tacoma, Sienna minivan and Sequoia SUV, which is built alongside its Tundra full-size truck sibling. For the most part, they are all meant to be sold in the States, their primary market. It’s no secret that sales of these big SUVs and trucks are way down, and Toyota doesn’t want to idle its plants if it can help it. Therefore, the Japanese automaker is rumored to be in the midst of sending these light trucks out of the country. The Tacoma, for instance, could be sent to Mexico from Toyota’s plant in Baja, California. To keep the plant in Princeton, Indiana running, the Sienna could be exported to Latin America and the gas-guzzling Sequoia to the Middle East, a place where oil supplies are obviously not in danger of dwindling.

Toyota struggling to meet global sales, profit targets

Thursday, October 9th, 2008 by admin

The auto market is in the tank right now, with sales dropping to 1991 levels and Detroit automakers in a cash crunch of horrendous proportions. Even Japanese automakers are struggling, and perhaps the biggest sign that something is terribly wrong is that Toyota is even feeling the pain. The Japanese automaker’s sales dropped by an incredible 32% last month compared to September 2007, which was preceded by drops of 9.7%, 18% and 11% in prior months. Toyota has already lowered its global sales target for the year to 9.5 million units to reflect the trouble it’s experiencing in the U.S. market, but recent news from Europe is that production is being cut there, as well.

The worst news for Toyota would likely be welcome news to the rest of the automotive universe: the Japanese juggernaut will only rake in about $12 billion of profit this year. While that’s an absolute treasure trove of cold, hard cash, it’s about 40% less than Toyota had earlier forecasted. Toyota’s stock has also taken a hit during these challenging times, with its current value down about $23 per share under its 52-week high of $58.76. The worst part about the automotive market is that there appears to be no end in sight, which means there is more bad news to come; even from Toyota.

SEMA Preview: Toyota’s Vegas-bound Venzas

Tuesday, September 30th, 2008 by admin

When you think about the Toyota Venza, we doubt the first thing that comes to mind is customization. But that hasn’t stopped Toyota from tapping Street Image, Inc. and long-time partner Five Axis to create a duo of Venza project cars for November’s SEMA Show in Las Vegas.

The two low-slung crossovers (don’t call them wagons) attempt to highlight and accentuate the active lifestyles of the Venza’s core demographic, beginning with the Street Image variant (above) that boasts an upgraded engine and brakes, massive rollers, a lowered ride height, body kit, a black/burgundy interior and a sat-nav-equipped entertainment system. Toyota says the Street Image SportLux version attempts “to give the occupants the feel of a refined sports car while retaining the Venza’s utility and functionality.” We say, good luck.

Five Axis makes a slightly more compelling case for customizing the Venza with a stow-away rack system created by Magna Car Top Systems that can transport everything from bicycles to skis. New front and rear bumpers, wider fenders and pot-hole averse 20×10.5-inch wheels round out the exterior mods on the Venza AS V.

We’ll be checking out both models in Vegas in a few weeks.

Race at the base: 2008 Coronado Speed Festival

Tuesday, September 30th, 2008 by admin



Every autumn the naval base on Coronado island in San Diego plays host to dozens of vintage car racers for a festival of speed as part of Fleet Week, the largest military appreciation event in the country. The runways are a natural asphalt playground, and the Southern California weather never fails to provide plenty of sunshine. Nine separate classes of cars run throughout the weekend, from Pre-1941 Sports and Racing cars all the way to 1966-1972 Historic Trans-Am cars. Our particular favorite were the 1955-1960 Sports Racing cars that included a stunning 1957 Ferrari 250 TR, a pair of Jaguar D-Types, Maserati T-61 Birdcage, and a beautiful Aston Martin DBR-2. Spectators could also take tours of the pit area, browse the Meguiar’s car club corral, take Naval ship tours, and explore a display of modern military vehicles and planes. We didn’t stray much from the track, however, so that we could bring you plenty of photos of all the different groups of cars.

Toyota considers building A-BAT truck, cancels small diesel

Thursday, September 25th, 2008 by admin


Despite the fact that its full-sized truck competitors from Ford, General Motors and Dodge will all offer new small-displacement diesel engines within the next year or so, Toyota has reportedly canceled plans for a similar powertrain for its Tundra. Instead of dumping money into the stalled full-size market, the automaker has reportedly contacted key suppliers for quotes on systems for its radical A-BAT concept truck from the Detroit Auto Show. Powertrain choices for the trucklet would include a traditional four-cylinder option along with a hybrid drivetrain, possibly sourced from the Camry hybrid. If it went into production, the A-BAT would join the lonely Ford Ranger in the small pickup market and would use a uni-body platform in lieu of a full frame, which is standard fare on most other trucks. Then again, it may never be given the green-light for production at all.

F1 teams spent over $3 billion, Toyota the most

Thursday, September 25th, 2008 by admin

While we knew Formula 1 racing was an expensive venture, leave it to the 2008/2009 edition of Formula Money to spell-out the jaw-dropping finances for us. According to their latest guide, the supporting cast will shell out over $3 billion this year in team resources — with Toyota dropping more than $445 million of it alone. McLaren is a close second at $433 million, while Ferrari rounds out the top three with $414 million coming out of pocket. If you take a look at team resources divided by points scored, each point cost Ferrari $1.9 million in 2007 (while each point cost Honda a staggering $57.2 million during the same period!). With the financial markets around the world roiled in turmoil, many are wondering when the F1 budgets are going to feel the pinch… Thanks for the tip, Keith!

The gauntlet is thrown: VW Jetta TDI vs. Toyota Prius

Thursday, September 25th, 2008 by admin

Clean diesel or hybrid drive? It’s an intriguing question, and one that’s not quite so easy to answer. There’s the price of diesel fuel to consider, which runs a few dimes over that of regular gasoline. Then there is fuel mileage. Does the Volkswagen Jetta TDI have a shot at dethroning the Toyota Prius as the undisputed mileage champion of the U.S.? To get a preliminary answer to some of these questions, Popular Mechanics put almost 500 miles on both cars, dividing up their miles between the city and the highway. It’s not a knock-out for either car, but it may offer some early answers to a few questions.

First, the mileage. In the city, there’s just no beating a hybrid, which uses its electric motor to good effect and scores over ten mpg better in the stop-and-go traffic of Los Angeles. On the highway, though, the Jetta TDI is able to eke out a narrow victory, scoring less than one mile per gallon better. Once the price of crude is factored in, the Prius remains the overall cheaper car to keep filled up. Of course, there is more to the story than that, including which car is a better to drive — according to PM, the Jetta. Finally, the TDI qualifies for a $1,300 tax credit that the Prius can’t claim. It’s too close to call. Expect a rematch soon enough.

Toyota considering Prius sub-brand, dealerships

Thursday, September 18th, 2008 by admin

There could soon come a day when you waltz into a local Prius dealership to purchase your next hybrid car. As Toyota did with the Scion brand, the Japanese giant is still said to be considering making an entirely new brand just for hybrids out of its popular Prius hatchback. We are certain to get a redesigned Prius after it debuts in Detroit in 2009, and after that, the rumormill indicates that a smaller hybrid model is on the way that would more closely compete with the new Honda Insight, which will undercut the standard Prius by a scooter-sized chunk of change. Toyota previewed a hybrid model powered by a smaller gas engine when it introduced the world to its 1/X concept at the 2007 Tokyo Motor Show. With a bit of mild speculation, we could envision a slightly larger model than the current Prius as a replacement for the Camry hybrid, giving Toyota a three-pronged answer to the likes of the Volt from GM and the Insight from Honda.

Toyota sees more struggles in 2009, blue skies next decade

Thursday, September 18th, 2008 by admin

The US auto industry has hit a serious slump in 2008, with overall sales estimated drop by two million vehicles compared to 2007. Even the mighty Toyota has seen sales slip by 7.8%, which is better than the industry average, but a far cry from annual increases of 10%. And times may not improve in 2009 either, as the credit crunch and mortgage crisis have conspired to kick the auto industry in the pants. Toyota sales boss Jim Lentz says the mortgage crisis is the main culprit of tough sledding for the Japanese automaker. Florida and California, which account for 30% of overall Toyota Sales, have been especially hard hit by decreased home values. Lexus sales have been hit hard, too, as one third of all of purchasers in the Sunshine State use home equity to buy their luxury vehicles. It doesn’t take an accounting degree to know that houses are typically assets and cars are almost always liabilities. That large amounts of people who were using home equity to purchase cars is disturbing, and it’s likely a trend that isn’t unique to Toyota.

Toyota does see light at the end of the tunnel, as the Japanese automaker expects the US population to grow by 32 million in the next decade. Toyota also expects the rate of affluent customers to rise, which means more people with more money will want to buy a new car or truck. For the near term, since housing has gone nowhere but down and lenders are having trouble coming up with money, we’re guessing the car market will be taking a hit for quite a while.

Forum Find: Custom MR2 with the Ultimate Car-Puter

Saturday, September 13th, 2008 by admin

Upon first inspection, MR2forum.de member LaroCroft’s second-generation (SW20) Toyota MR2 is simply a tastefully modded example of a cult favorite. However, peer inside and all preconceived notions are immediately thrown out the targa top.

Any “For Sale” thread that requires “Knowledge in electronics, skills in PC technology and knowledge of programming (especially Visual Basic)” is a clear indication that things inside have gotten thoroughly out of hand. Just check out the gallery and you’ll see what we’re talking about.

The entire instrument cluster and center console have been replaced with three screens displaying every conceivable function and parameter of the MR2’s systems. The trio of displays are controlled by either a touch screen interface or a center console-mounted knob (ala iDrive), and allows the drive to manipulate everything from fuel consumption to engine temp; climate control to GPS functions; mirrors, radar/laser, the wireless transfer of music from a home computer, lights, fog lights, and on and on and on.

It’s pure insanity and incredibly cool. And the best part: it’s for sale in Germany – assuming you’ve got the programming chops to actually leave your driveway.