Archive for the ‘Toyota’ Category

Toyota Announces New Features for 2020 Model-Year Line-Up

Safety is focus of new upgrades.

by on Jun.14, 2019

For the 2020 model year, the Toyota plans to offer some upgrades across most of its vehicle line-up.

When Toyota Motor North America rolls out its vehicle line-up for the 2020 model year, they’ll sport two new features: Automatic Engine Shut Off and Automatic Park, as well as have options for a few others.

Starting with 2020 model year vehicles, Toyota will phase in an automatic park system, which is designed to help reduce the risk of roll-away vehicles. The feature will be available in vehicles with an electronic means of shifting and/or applying the parking brake.

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It will automatically shift the vehicle into the “park” position and/or apply the electronic parking brake, in the event the driver exits the vehicle without placing the vehicle in “park,” Toyota officials said. (more…)

Toyota, SoftBank Preparing Launch of Self-Driving Venture

Monet looks compete with other autonomous entities.

by on Jun.12, 2019

Monet Technologies, led by CEO Junichi Miyakawa, will operate the new self-driving joint venture created by Toyota Motor and SoftBank.

Toyota Motor and its partner SoftBank plan to begin operating a self-driving venture, originated by Monet, in Southeast Asia in 2020.

The move would mark a shift for Japan’s third biggest telco as it looks abroad for growth and potentially bring it into competition with portfolio companies of parent SoftBank Group Corp. and its $100 billion Vision Fund, which has invested in major ride-hailing firms around the world.

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Monet, which is developing an on-demand self-driving service platform, is planning to export a basic version of the system, Chief Executive Junichi Miyakawa told Reuters. (more…)

Automakers Push Back on Trump Plan to Relax Mileage Rules

Expected White House plan would trigger legal actions and “untenable” uncertainty, 17 OEs warn.

by on Jun.07, 2019

Pres. Donald Trump thought he would win industry support from industry leaders over CAFE cuts but has seen opposition, instead/

In an unusual move, 17 automakers, including giants General Motors, Ford and Toyota, have sent a letter to President Donald Trump urging him not to move ahead on plans to roll back federal fuel economy standards – a move that puts the industry more in line with environmentalists than the anti-regulatory White House.

The Trump Administration has signaled since it was first inaugurated its intention to roll back Obama-era guidelines that would have seen the Corporate Average Fuel Economy, or CAFE, standard rise to 54.5 mpg by 2025. The administration’s draft plans would freeze the numbers at 2021 model-year levels, or about 37 mpg.

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The proposal has already generated significant opposition from environmental and consumer groups, as well as the State of California which would effectively lose its current right to set standards higher than those established by the federal government. California has played lead in the various legal actions that have been filed to block any rollback even before the original outline of a plan the White House announced was formalized.

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EVs Will Reach Cost Parity with Gas Cars “Sooner than People Think,” says GM’s Reuss

That would be good news for an industry pumping billions into EV development.

by on Jun.07, 2019

GM's Mark Reuss believes that EVs will reach cost parity with gas-powered vehicles sooner than people think they will.

The auto industry is planning to spend in excess of $100 billion over the next decade on the development of electrified vehicles, pure battery-electric models, in particular – so much that even industry giants like Ford, Volkswagen and Toyota are opting to partner with traditional competitors to spread out spending.

One of the concerns is that manufacturers will have to not only put out that money up front but then swallow some of their production costs to keep those battery-cars competitive once they reach market because they will be more expensive to build. That was a warning delivered by a top Toyota official during a briefing in Tokyo on Friday morning.

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But that may not prove nearly as dire a problem as anticipated, General Motors President Mark Reuss said during a conference early this week where he said he sees the cost of a BEV and a comparable gas model will “reach parity a lot sooner than people think.” (more…)

Toyota Speeding up EV Program; Partnering with Subaru on New Platform

Finding enough batteries could pose a problem.

by on Jun.07, 2019

Toyota EVP Shegeki Terashi discusses the automaker's plans to accelerate its BEV program with the media.

Though it was a pioneer in the launch of hybrid technology, Toyota Motor Corp. has long been skeptical of more advanced forms of battery propulsion. But a senior official said today that the largest Japanese automaker now plans to speed up development of plug-ins and pure battery-electric vehicles, or PHEVs and BEVs, so that electrified vehicles account for fully half of its global sales by 2025.

That would be five years ahead of Toyota’s original timetable and reflects the broader industry transition that sees major competitors like Volkswagen and General Motors rapidly accelerating their own electrification efforts.

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One of the ways Toyota hopes to get there will be through a new partnership with Subaru that will see them working together to develop a new, dedicated BEV platform. (more…)

U.S. New Vehicle Sales Tick Upward in May

Toyota and Fiat Chrysler led monthly sales surge.

by on Jun.03, 2019

Reid Bigland, FCA head of U.S. Sales, reported that the company's Ram division set a new sales record in May.

With Fiat Chrysler and Toyota leading the way, automakers surprised on the upside in May, posting modest sales increases for the month.

FCA, where overall sales increased 2%, reported setting three records in May, led by the Ram brand which notched its 12th consecutive monthly sales record as demand for both light-duty and heavy-duty pickup trucks remained strong.

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It was also the best May ever for the Jeep Grand Cherokee and the highest level of May sales for the Dodge Charger in six years. Overall, total sales rose to 218,702 vehicles. Fleet represented 31% of total sales during the month. On a year-to-date basis, fleet accounted for 22% FCA of sales, the automaker reported. (more…)

Auto Stocks Taking a Beating as Industry Prepares for Mexican Tariffs

Domestic, import automakers alike hammered by Trump plan.

by on Jun.03, 2019

GM imports more vehicles from Mexico than any other automakers, including the Chevy Silverado.

It’s a bear market, at least when it comes to automotive stocks, with Pres. Donald Trump’s planned tariffs on Mexican imports set to go into effect a week from today.

Last Friday, the president tweeted that he was prepared to enact a new 5% tariff on Mexican goods in an effort to pressure that country to stem illegal immigration across the southern border. Barring any resolution, Trump said that would continue to climb to 25% by October 1.

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Nearly a dozen manufacturers would quickly be forced to either raise prices on vehicles imported from Mexico and risk weakening sales, or absorb the tariffs and take a hit to their bottom lines. But even vehicles produced in the U.S. would face tariffs on imported parts and components, such as engines, wiring harnesses and body and interior trim, according to industry analysts.

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Toyota Launching Hilux Production in Myanmar

Company to spend $52.6 million to build new plant.

by on Jun.03, 2019

Toyota plans to build the Hilux in a new $52.6 million plant in Myanmar starting in 2021.

Automakers are surrounded by uncertainty on multiple fronts created by the demands of everything from new technology to political uncertainty and challenges to the global trading system. These demands have also been the catalyst allowing the industry to flourish during the past half century.

Toyota Motor Corp. recently indicated that it is still optimistic about prospects for future growth with the announcement that it plans to build its first assembly plant in Myanmar to produce Hilux pickups starting in the first quarter 2021.

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“We believe that the longer-term growth potential for new vehicles sales in Myanmar is substantial, due to the country’s large population which is relatively untapped by automakers,” noted analysts from Fitch Group, leading financial information company. (more…)

First Drive: 2019 Toyota Sequoia

Big ute gets refined ride, slew of safety technology.

by on May.30, 2019

The 2019 Toyota Sequoia features a more refined ride than its predecessors on the traditional frame.

The Toyota Sequoia has been around for a while now, but the automaker continues to change the vehicle enough to keep it interesting for both loyal fans of the buyers and new buyers, looking for a big vehicle capable of hauling people and their stuff.

The Sequoia is built with an old-school body-on-frame construction. In years past, body-and-frame sport utility vehicles had a tendency to roll and pitch in a way that could leave even experienced sailors a bit sea sick.

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But there is none of that with 2019 Sequoia, which has been nicely tamed with a series of engineering tweaks that give the big SUV a stable, comfortable foundation for towing, driving off the pavement and everyday motoring on the vehicle’s 122-inch wheelbase. (more…)

Lexus Lifts the Covers on Updates RX Line in Bid to Retain CUV Dominance

More aggressive styling, more features – but there also are plenty of new competitors.

by on May.30, 2019

Lexus VP Lisa Materazzo shows off the 2020 RX 350 F Sport during a CA event Wednesday.

For countless American family buyers, the Lexus RX has served as the luxurious alternative to a minivan. Almost from the moment it was introduced, 22 years ago, it has dominated the high-line midsize crossover market, and that’s a position Lexus is determined to retain as what was once a small niche has become one of the U.S. luxury market’s largest segments.

Four years after launching the fourth-generation RX, Lexus is giving the CUV a significant enough “refresh” to stage a roll-out event for journalists in both the U.S. and China on Wednesday night. What they got to see was a vehicle with more distinctive styling, more high-tech features and more advanced safety gear as a standard feature – but with the 2020 Lexus RX facing significantly more competition than ever before, the question is whether it can maintain its traditional momentum.

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Part of the challenge is that Lexus has, since it first launched in 1989, been a Baby Boomer brand, and the RX line is one of the examples of that, said Rebecca Lindland, an automotive analyst with RebeccaDrives. “The RX,” she added. “is no longer aspirational” for the subsequent generations “just starting their families.”

(more…)


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