As the man said: “Finally, we can exercise our capabilities in earnest.”

Today, I heard at Toyota’s October-December results conference that TMC lost 240,000 unmade (and some made) cars to the Thai flood. After the conference, I asked Toyota spokesman Dion Corbett how many cars Toyota had lost to the tsunami.

I expected a bit less than a million. To my surprise, Corbett said: “150,000.”

I could not believe it. And I spent the rest of the day twisting arms until I knew how that happened. Read More >

Today, Toyota announced its October-December 2011 results to reporters packed into its basement meeting room in Koraku-en, Tokyo. Like most Japanese companies, Toyota is on a fiscal year that spans from April to March the following year. The reporting quarter was the third of the 2012 fiscal. It was surprisingly good. From October to December, TMC had an operating profit of 149.7 billion yen ($1.95 billion,) up 51 percent to from a year earlier. It gets better … Read More >

A few days ago, 24/7 Wall Street published yet another list of the best selling cars of all times, kicking the perennial Ford F-Series to second place. We usually stay away from these lists, they just produce flame wars, especially when the methodology remains as dubious as in “we looked at best-selling car data from a number of sources.”

However, powered by the Huffington Post et al, the list went viral. And there you have it: “Toyota Corolla becomes world’s most popular car with one sold every 40 seconds.”

Toyota took that to heart today and added a second shift to its Blue Springs, Mississippi plant. It makes the Corolla in America. And yes, in the press release, Toyota confirms that the Corolla is “the world’s best-selling car of all time.”

The Blue Springs plant has an annual capacity to produce 150,000 Corollas. According to our monthly sales snapshot, the Corolla disappointed in January, whereas the new Camry is selling well. In 2011, Corolla U.S. sales had been down 9.7 percent. (With the Ford F series solidly in number 1.) So why a second shift? Read More >

This just in: “The U.S. auto industry has dropped a demand for Japan to abolish rules related to minivehicles ahead of upcoming talks between the two sides over the Trans-Pacific Partnership (TPP) free trade zone,” The Nikkei [sub] writes after reading this story. Read More >

Illustrating the state of the Japanese auto industry, and especially that of Honda, Honda unveiled its prototype of the NSX yesterday in Tokyo. The Acura sports car had been rumored for two years, and was shown at the Detroit Motor Show. Honda repeated in Tokyo what it had said in Detroit: Read More >

Toyota announced its consolidated (i.e. including Daihatsu and Hino) 2012 sales plan today. It causes intensive head-scratching at other automakers, especially in Wolfsburg. Toyota plans to raise its 2012 global sales by a whopping 21 percent to 9.6 million. Read More >

“In 1909, people shifted from the horse carriage to the automobile, and horses retired from the world of mobility. What happened to the horses? We still have horse races. People love horses. People support horses and horse racing. As long as car enthusiasts exist, motor sports will continue.”

Akio Toyoda, February 2, 2012, at the hachi-roku launch party

The 86 is not on sale yet, and people are already swapping engines. In a virtual way at least. In hachi-roku forums people are discussing the merits of more horsepower than the stock 200hp. They also wonder aloud how much additional power the hachi-roku can safely take. “Go for it,” says hachi-roku Chief Engineer Tetsuya Tada: Read More >

Hachi-roku Chief Engineer Tetsuya Tada credits his sons with giving him the impetus to develop this car. His sons are 24 and 27 now, they do not have a driver’s license and show no interest in cars. “They sit in front of the computer all day,” says Tada. “On Gran Turismo, they are better than their father. But they don`t want to drive.”

Tada tells how he took his boys to the racetracks since age 5 to awaken an interest in cars. It was a disaster, Tada admits:

“Manufacturers like to blame young people for having no interest in cars. Maybe we should blame ourselves. Manufacturers provided boring cars and focused on older people, because this is where the money is. We have abandoned young people.” Read More >

I already told you that today is not the official launch. Highly out of the ordinary at Toyota. Usually, when the members of the media are invited, the car goes on sale. Not in this case. In Japan, the car will be in dealers’ showrooms in April, I hear. Nonetheless, if I want one right away, I better hustle down to my neighborhood Toyota dealer and place an order now.

The car is made at Subaru’s Gunma Manufacturing Division, 1,000 per month. Currently, there are more than 3,000 pre-orders, I better take a number. “But when will the car arrive in the U.S.?“ is what you and I want to know. “Not decided yet,” is the official answer. Read More >

First of all, I thought I had already been to the launch party. Wrong. I thought I had driven the thing. Wrong. I learned today this was a pre-announcement-pre-party, and the cars I had seen were “production prototypes.” I see. Then, this splendiferous event with a rock band, canapés and apple juice must surely be the launch festa, I thought. (The dear reader knows by now that the average Toyota launch event in Japan entails a card table, two speakers, PowerPoint and a bottle of water.) Wrong again. It’s kind of a pre-announcement. The car itself will come in — we’ll talk about that when we talk timing.

However, I was told that today, that now we have real specs and prices, and the cars (which looked deceptively like the production prototypes) are the ones that will be sold. In Japan. As for America –– we’ll get to that. Here are the vital stats of the hachi-roku JDM spec: Read More >

I spent all day at the launch party of the Toyota FT/GT86/86/Scion FR-S/Subaru BRZ  “new compact rear-wheel-drive sports car” at Makuhari Messe in Tokyo. Could have been Chiba already. I came back with so much information about Toyota’s new “honest sportscar” (as Akio Toyoda likes to call it) that I declare today Hachi-Roku Thursday. Read More >

When I called Toyota’s new Aqua / Prius C affordable compact hybrid first a “gamechanger”, then an “engineering feat,” this attracted the attention of self-styled jargon vigilantes. They demanded equal platitudes to be bestowed on domestic models. In the meantime, the Japanese game changer threatens to change Toyota’s best laid plans: It sells ten times better than expected. Read More >

When the March 11 tsunami hit, observers thought that of Japan’s major automakers, Honda would be the least exposed. Most of its global production already is outside of Japan. Very few cars that are produced in Japan are exported. Toyota and Nissan looked much more vulnerable. Distrust predictions: Today, Honda presented the results for the last quarter of 2011. The numbers  look uglier than the cars in the video. Read More >