Detroit Bureau on Twitter

Posts Tagged ‘toyota news’

In an SUV Market, Toyota Intent on Boosting Demand for All-New 2020 Corolla

Compact sedan gets new look, broad range of new, standard features.

by Paul A. Eisenstein on Nov.16, 2018

Brand boss Jack Hollis introduced the 12th-generation, 2020 Toyota Corolla.

It may be an SUV-crazed market, but Toyota is not going to cede ground in the compact sedan market without a fight, or so brand boss Jack Hollis declared during the unveiling of the all-new, 2020 Corolla Thursday night.

It’s no surprise that Toyota is intent on proving its prowess with the new sedan. Over the past half century, Corolla has been one of the cars instrumental in building the Japanese automaker’s reputation for quality, reliability and durability. But with other manufacturers, like Korea’s Hyundai and Kia, breathing down its neck, Toyota will have to show it can deliver more than the classic, plain vanilla design, Corolla has also long been known for.

Product News!

It hinted at a more expressive direction earlier this year with the launch of a new, and decidedly more sporty , Corolla Hatchback. Now, the mainstay sedan gets a complete makeover. And it is not only more stylish, but boasts more power and lots more features, including the latest version of the Toyota Safety Sense package which now will be standard on all Corolla grades. Key competitors, such as Honda, have chosen not to package these advanced driver assistance systems on many of their base models.

(more…)

Toyota Teases New 2020 Corolla

Critical debut comes as Japanese automaker considers paring back passenger car line-up.

by Paul A. Eisenstein on Nov.12, 2018

Toyota will pull the wraps off the new Corolla during a webcast at 7 PM PST Thursday.

Earlier this month, Toyota’s top U.S. executive confirmed that the automaker is considering ways to pare back its passenger car line-up as the market continues shifting to SUVs – but you won’t see the long-popular Corolla going away any time soon, as this new teaser image suggests.

Toyota isn’t saying much beyond promising that, “The world’s most popular car is about to get greater than ever,” with the Japanese automaker set to reveal the 12th-generation sedan version of the Corolla during a livestream webcast on Thursday, Nov. 15 at 7 p.m. Pacific time.

Product News!

Toyota clearly needs to rebuild the buzz for the compact Corolla which has been around in sedan form since 2014. Sales fell 11.6% during the calendar-year-to-date, and 14.2% in October alone – and that’s despite supplementing the familiar sedan version with a hatchback model this past year.

(more…)

Toyota Earnings Soar on Global Sales Surge

Automaker lifts full-year forecast.

by Paul A. Eisenstein on Nov.06, 2018

Strong demand for Lexus, especially in the Chinese market, helped Toyota deliver strong earnings.

Toyota Motor Corp. reported a 28% increase in its net profit for the July-September quarter, earnings buoyed by strong demand in key global markets, including the Americas, Asia and Europe.

The Japanese giant also advised that it expects to see earnings push past earlier forecasts for the full year, in part driven by unexpectedly strong demand in China. Sales of the Lexus brand, have been booming there, despite a slowdown in the overall Chinese market.

Business News!

Sales gains were only one of the factors that propped up Toyota’s bottom line, said Senior Managing Masayoshi Shirayanagi. Referring to aggressive cost-cutting efforts, he said, “We are steadily making progress toward achieving our challenge-level target.”

(more…)

Subaru, Toyota Recalling 165,000 Cars Due to Engine Stalling

A valve spring is root of the problem.

by Michael Strong on Nov.02, 2018

The 2012 Subaru Impreza is part of a recall of 165,000 cars in the U.S. due to a problem that could cause the engine to stall.

Subaru and Toyota partnered up to build engines and now they are partnering on a recall of about 165,000 U.S. vehicles to resolve an issue causing those engines to potentially stall.

The action covers about 140,000 Subaru vehicles in the U.S. and about 25,000 of Toyota’s now-defunct Scion brand vehicles.

Global News!

“There is a very small possibility of a valve spring fracture in a very small number of affected vehicles, which could lead to engine noise, malfunction or, in a worst-case scenario, an engine stall,” Subaru said in a statement. (more…)

Toyota Makes It Official: New Supra Bows at Detroit Auto Show

Sports car fans must wonder no longer.

by Michael Strong on Oct.30, 2018

With each passing day, the Toyota Supra inches closer to reality, including this heavily camouflaged model at Goodwood.

Toyota Supra fans can celebrate — finally.

We mean it this time. Truly.

News Now!

The company officially announced it plans to debut the long-awaited return of Toyota’s beloved sports car at the North American International Auto Show in Detroit in January. (more…)

Toyota Recalls 2.4 Million Priuses Worldwide; 807K in US

Second time for this repair.

by Michael Strong on Oct.05, 2018

The Toyota Prius has been recalled due to a problem with stalling.

Toyota is recalling 2.4 million Prius hybrids worldwide – including 807,000 in the U.S. – that could stall while driving.

The Japanese automaker said the action covers certain 2010 to 2014 Prius hybrids and certain 2012 to 2014 Prius V hybrids. The problem stems from the vehicle failing to move into “fail-safe driving mode” when the car’s hybrid system “faults.”

News Now!

While it issue happens rarely, “the vehicle could lose power and stall. While power steering and braking would remain operational, a vehicle stall while driving at higher speeds could increase the risk of a crash.” (more…)

Toyota Supra Set to Debut at 2019 Detroit Auto Show

Disappointment, again, in Paris.

by Paul A. Eisenstein on Oct.02, 2018

With each passing day, the Toyota Supra inches closer to reality, including this heavily camouflaged model at Goodwood.

Supra fans, rejoice!

Every major auto show during the last two years has brought with it a flurry of rumors suggesting the reborn Toyota sports car would finally make its debut, hopes only to be dashed when the Supra was a no-show. And that happened again in Paris, Toyota defying hope and speculation it would finally pull the covers off the production model.

Insight!

But now, it seems, we have official or, at least, semi-official word that the long wait will soon be over. Just stay patient until January when, according to the Facebook channel operated by Toyota’s German subsidiary, the Supra will make its appearance at the North American International Auto Show in Detroit. (more…)

Toyota Recalling 1m Hybrids Worldwide Over Fire Risk

Prius, Prius plug-in and C-HR models targeted.

by Paul A. Eisenstein on Sep.05, 2018

A problem with the Prius wiring harness could lead to a short-circuit and possible fire.

Toyota is issuing a worldwide recall for three of its hybrid models due to a potential fire risk.

The service action covers the Toyota Prius, the world’s most popular hybrid-electric vehicle, as well as the newer Prius plug-in hybrid and the C-HR hybrid SUV. According to the automaker, The problem involves a wiring harness that has been linked to at least one incident in which a short-circuit caused smoke to pour out of a vehicle in Japan.

Subscribe for Free!

According to Toyota, the problem occurs the wiring harness can come into contact with the cover of the hybrid power control unit. If dust accumulates on either the cover or the wiring harness, the insulation on the wires can wear down over time and eventually result in a short-circuit.

(more…)

Toyota Investing $500 Mil in Uber, Will Aid in Autonomous Vehicle Efforts

Move could help ride-sharing service in anticipated IPO plan.

by Paul A. Eisenstein on Aug.28, 2018

Dara Khosrowshahi, Uber’s CEO and Toyota EVP Shigeki Tomoyama shake over their new alliance.

Toyota confirmed  reports it will invest $500 million in Uber and partner with the nation’s largest ride-sharing service on the development of the autonomous and fully driverless vehicles Uber believes will slash its costs and make it a viable alternative to personal vehicle ownership.

The announcement comes barely a week after Uber wrapped up its search for a new chief financial officer, something that, along with the new Toyota alliance, could help move closer to a widely anticipated IPO. The Japanese maker’s investment puts a value of $72 million on Uber.

Tech News!

“This agreement and investment marks an important milestone in our transformation to a mobility company,” said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company. “Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility.”

(more…)

Toyota Motor Reports Increased Q1 Profits

Strong sales in U.S. and cost-cutting efforts pave way to profits.

by Michael Strong on Aug.03, 2018

Toyota's Masayoshi Shirayanagi noted that increased trade tensions and U.S. tariffs will eat into Toyota's bottom line.

Toyota Motor Corp. rode a wave of increased sales and decreased costs to a 7.2% increase in net income in its fiscal first quarter of 2018. Revenues also increased 4.5% during the quarter.

The company also announced it was ending its partnership with Isuzu Motor Ltd. The companies built diesel engines, but with oil burners falling out of favor, replaced by EVs and potentially fuel cells down the road, the two sides will split.

We Keep You In the Know!

Toyota owns a 5.89% stake in Isuzu. (more…)