Detroit Bureau on Twitter

Posts Tagged ‘toyota news’

Trump Smacks GM With New Lordstown Plant Tweet

After a quiet three weeks, President takes another swipe at automaker.

by Joseph Szczesny on Mar.18, 2019

President Donald Trump took another swipe in a tweet at GM about the closure of Lordstown.

General Motors was again the target of a tweet by President Donald Trump, which pushed the automaker to reverse its decision to shutter an assembly plant in Lordstown, Ohio, which is located in the state’s politically sensitive northeastern corner.

Trump attacked GM after it first announced the decision to close Lordstown and returned to twitter this weekend with a tweet that urged the company to reopen the plant. The Presidential tweet came 10 days after the Lordstown plant built its last Chevrolet Cruze, ending U.S. production of the compact of the car.

News You Can Trust!

However, the timing of tweet suggested that Trump was concerned less about the fate of Lordstown than the optics surrounding another key decision Trump is expected to make in the next few weeks on a key trade issue. That said, Lordstown and GM promises to remain an issue through the 2020 Presidential election when Ohio is once again a pivotal battleground state. (more…)

Toyota CEO “Sad” About Being Declared “National Security Threat,” But Plans $3B More in U.S. Investments

Tariffs actually could backfire and see investment plan cut back, warns top Toyota official.

by Paul A. Eisenstein on Mar.15, 2019

Toyota CEO Akio Toyoda called the prospect of his company being called a "national security threat" by the Trump administration "sad."

Toyota plans to boost by $3 billion its investment in the U.S. market, a decision that comes as the automaker – and other foreign-based brands – are facing the possibility of huge new tariffs from an American president who has labeled them a “national security threat.”

That designation is something that “makes feel sad,” Akio Toyoda, the Japanese giant’s CEO, said during an appearance at the Economic Club of Washington. “I hope that this kind of conversation can go away,” the grandson of Toyota’s founder said through an interpreter.

Business News!

Separately, the head of Toyota’s North American operations cautioned that those planned investments, which include $749 million to upgrade existing plants in five states, could be cut back if the Trump administration moves ahead with tariffs, something experts have warned could actually result in lower U.S. car sales and a sharp loss of automotive jobs. (more…)

Toyota Warns Brexit Could Lead to Exit from Great Britain

One more automaker concerned about looming deadline.

by Joseph Szczesny on Mar.08, 2019

Toyota officials warned British officials that the company would leave if Brexit goes poorly.

Toyota has joined the list carmakers, warning the government of Great Britain that it is prepared to phase out its operations in the United Kingdom without any kind of back-up plan that would protect the country’s vital links to the European Union.

“If the business environment becomes very difficult to operate, of course those types of decisions should be on the agenda,” Johan van Zyl, the Japanese company’s head of Europe, told reporters at the Geneva Motor Show. “But hopefully we will be able to avoid” a withdrawal.

News Now!

The carmaker remains hopeful the U.K. and EU will reach an agreement on Brexit terms, van Zyl said. (more…)

Toyota Building Lunar Rover for Japan’s 2030 Moon Landing

Japan's lunar mission targeting 2030.

by Michael Strong on Mar.06, 2019

Toyota will follow in GM's tire tracks and build a lunar rover, although it's likely it will look a bit different than the original shown here.

Toyota appears set to do something only General Motors has done before: Put a car on the moon.

The Japanese automaker is working with the Japanese Aerospace Exploration Agency (JAXA) to develop a new lunar rover for the agency’s new moon mission, which is targeted for 2030. However, more details are set to be announced next week.

Out of this World!

“We are planning to cooperate with Toyota in an exploration mission to the moon,” a JAXA spokesperson told SkyNews. (more…)

First Drive: 2020 Toyota Corolla Sedan

More than just the car car for first-time buyers.

by Ron Sessions on Feb.26, 2019

The 2020 Toyota Corolla XSE reflects the company's commitment to car production in the near term. (Photo credit: Ron Sessions)

By now, you’ve heard that some automakers are dropping small sedans and hatchbacks from their line-ups. These automakers are buoyed by the heady sales and big profits of luxed-out full-size pickups and every conceivable micro-slice of SUV and crossover.

The Big Three in particular are moving passenger cars to the exit doors. Especially small ones. FCA nixed the Dart and Chrysler 200 a couple years ago, Chevrolet is giving the Cruze, Volt and Impala the heave-ho and Ford is saying adios to all of passenger cars save the Mustang.

Reviews You Can Use!

In a mindset that laser-focuses on stock price and quarterly profits, culling the low- or no-profit passenger cars and cranking up production of high-dollar trucks sort of makes sense. Except that line of thinking leaves first-time car buyers kind of out in the cold.  (more…)

First Drive: 2020 Toyota Corolla Hybrid

Borrowing best from Prius Hybrid, new model sets new standard.

by Joseph Szczesny on Feb.26, 2019

The new 2020 Toyota Corolla hybrid is the automaker's way of protecting its hybrid franchise started by the Prius. (Photo credit: Ron Sessions)

Virtually single-handed, Toyota has made “hybrid” into a household word while piling up points helping protect the environment with vehicles such as the fuel-efficient Prius.

However, with Prius sales fading, Toyota is also protecting its hybrid franchise, which faces some serious challenges from rival automakers such as Honda and Hyundai, by deploying the hybrid powertrain in vehicles such as 2019 RAV4 and now the 2020 Toyota Corolla.

Reviews You Can Trust!

The 12th-generation Toyota Corolla Hybrid is an integral part of the distinctive family of compact cars the Japanese automaker has sold continuously since 1966, becoming the best-selling passenger vehicles of all time. (more…)

Toyota Focusing on Multi-Cultural Buyers of New Corolla

Automaker again reconfirms plans to sell cars in the U.S.

by Joseph Szczesny on Feb.25, 2019

Toyota plans to use a multi-cultural ad campaign to attract more minority buyers to the 2020 Corolla.

As the new 2020 Toyota Corolla begins arriving in dealerships this week, the auto giant is planning to reinforce its position in the passenger car market with focus on the changing demographics across the U.S.

Ed Laukes, Toyota vice president of marketing, noted during a briefing at the press launch of new 12th generation Corolla in Savannah, Georgia, that the popular compact sedan already has a very diverse customer base. Not only does the Corolla attract the youngest buyers, but also more than 57% of the customers come minority communities. In fact, more than one third of Corolla buyers are Hispanic.

Product News!

As the U.S. moves towards becoming a country where the “multi-cultural” population is in the majority, Laukes noted in his presentation that by 2020, roughly 50% of the school-age population under the age of 18 will be “multicutural,” including African-American, Hispanic or multi-racial. (more…)

Toyota Profits Up in 3Q, But Miss Analysts’ Mark

Automaker cuts forecast for rest of year.

by Joseph Szczesny on Feb.07, 2019

Toyota's Masayoshi Shirayanagi said the automaker is looking for ways to further cut costs.

Toyota Motor Co., Japan’s largest automaker, posted a profit of 676.1 billion yen, or $6.16 billion, for the third quarter, up from 673.64 billion yen in the same period a year earlier.

However, the result fell short of the street’s expectations of the 680.84 billion yen median of 10 analyst estimates compiled by Refinitiv.

Global News!

The automaker saw rising sales in Asia, particularly China, offset a decline in the company’s largest market: the United States. (more…)

Toyota’s 2020 Sequoia is Going Pro — TRD Pro

Automaker offers upgrades for TRD Pro line-up.

by Michael Strong on Feb.07, 2019

Toyota added the Sequoia to its portfolio of TRD Pro branded off-roaders for 2020. It debuted at the Chicago Auto Show.

For families whose idea of fun is to get off the tarmac and get a little dirty by hitting the path less traveled, Toyota has stepped up its game with the all-new 2020 Toyota Sequoia TRD Pro — the latest addition to the TRD line-up.

Unveiled today at the Chicago Auto Show, the new Sequoia gets the TRD treatment for the first time. With a chassis fortified by a TRD-tuned Fox shock absorber suspension, plus an array of proven off-road equipment specially designed or selected by Toyota Racing Development engineers, the full-size Sequoia TRD Pro offers off-road thrills for seven.

Truck News!

The TRD Pro portfolio of vehicles includes the Tacoma and Tundra pickups and 4Runner SUV. Introduced in 2014, the TRD Pro lineup emerged from Toyota’s rich off-road racing heritage. The TRD Pro badge signifies a vehicle that’s capable of going where ordinary pickups and SUVs fear to tread, while still retaining the comfort for daily driving, the automaker notes. (more…)

Toyota Adding a Little Spark to Chicago Show with TRD Pro Tease

Automaker not revealing much with latest clue.

by Michael Strong on Feb.05, 2019

Toyota offered up a bit a teaser for its new TRD Pro offering. It didn't say what vehicle will be getting the package or if it was a separate vehicle entirely.

Toyota was already preparing to show off its updated 2020 Tacoma at this year’s Chicago Auto Show. However, the automaker also has a surprise up its sleeve for Windy City attendees this year.

The company released a teaser video and image today touting a new “TRD Pro off-road beast” that will make its debut in Chicago. This new vehicle will lead “the charge for a host of updates across the TRD Pro line-up,” the company said in a statement.

Auto Show News!

Nothing further is offered leaving so many options open. Will the Tacoma be getting a new TRD treatment? Is Toyota creating a separate TRD Pro vehicle not currently in the line-up? The picture is of no real help. (more…)