Three Japanese automakers, Honda, Nissan, and Fuji Heavy are officially out of the woods, at least financially. The Nikkei [sub] says they “put the global financial crisis behind them, reporting net profits that surpassed those from two years earlier in the April-June quarter.” Read More >
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Category: Toyota
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Toyota ReviewsToyota Motor Co., the world’s largest automaker, has been producing cars for more than 70 years. It wasn’t until after World War II, however, that production started to pick up. Toyota went from making 8,500 cars a year in 1955 to 600,000 in 1965. Models like the Toyopet and Land Cruiser hit the United States in 1957. Today Toyota is among the leaders when it comes to hybrid technology. |
Running a multi-national car company the size of, say, General Motors, Ford or Toyota means having lean, efficient operations. In the SUV/light trucks segment, turning a profit is easy. Because of the inherent profitability of these products, your operations don’t need to be that efficient to turn a decent profit. Where you really need to concentrate on profits is the other end of the scale. The small car market. This is where raiding the parts bin, nicking a platform from another division and moving production to a low cost country are taken as read when producing a plan for your next small car. But what if you’re trying to break into a market where small cars need to be firmly in the “four figures” price bracket? Well, this is the problem that Volkswagen is having in India. Like China, every car maker wants a piece of this Asian Tiger Elephant, but Volkswagen just simply doesn’t have the presence there to make their cars profitably. Or do they? Read More >
Earlier this week, newly-elected UAW President Bob King gave a speech before the Center For Automotive Research Conference, touting the deep changes that have transformed the union. The first half of King’s speech sounded a much-needed note of contrition, and highlighted the new spirit of cooperation between the UAW and Detroit’s management class. But a number of observers noted that the second half of King’s speech represents the flip side of the UAW’s new sense of responsibility for the fate of Detroit: a commitment to targeting the transplant factories that have made life hell for the union and the Detroit automakers alike. After all, nothing brings enemies together like a common adversary. But the UAW’s enemy isn’t just South of the Mason-Dixon line… it’s lurking within its own confused body politic.
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It’s the war of the unreleased documents. Days after a former NHTSA chief accused the NHTSA of burying evidence that shows that driver error was the cause in 23 out of 23 cases, ABC has the story that Toyota knew long ago how to cause sudden unintended acceleration in their cars, and failed to tell everybody how to go about it. Read More >
Imagine yourself going down the road with your foot on the brake pedal all the time. This is a Japanese inventor’s idea to stop driver error and unintended acceleration. To accelerate, you move your foot sideways against an accelerator bar. To brake, you stomp on the brake. A horrible thought – if you are a personal injury lawyer. Read More >
The suspense-filled wait for Toyota Motor Corp’s first quarter profits is finally over. Some expected (hoped?) that ToMoCo would pay dearly for the recalls. Others consulted their crystal ball that said that Toyota might have netted more than a billion US in the first quarter. They were all wrong. Way off the mark. Not even on the same planet. Read More >
Toyota pulled back on incentives last month, and paid the price with a 6.8 percent decline in sales compared to July 2009. Between this and the fact that year-over-year comparisons are skewed by July 2009‘s Cash-For-Clunkers effect, it’s almost no surprise that Toyota’s smaller and value-oriented models were almost uniformly down on the month. But a look at last July’s report shows that the Yaris, Corolla and the Scions actually lost volume during the first month of Cash-For-Clunkers. A similar situation is playing out at Honda, where the Fit has fallen for the second July in a row, and the Civic dropped hard after gaining only three percent last July. Stranger still: both firms, which earned their US market spurs on the back of efficient cars, beat their July 2009 “truck” numbers but failed to match car volume. My, how things change!
Saturn? Civic? Neon? A diesel owned by Chuck Goolsbee? For the longest time I’ve been trying to figure out what penny pinching prodigy earns the most keep. I’ve spent years pondering this question. Well, more like a few dull moments at the auctions. I finally figured out the answer this evening. The cheapest car to own is the one you like so much… that you’re willing to buy another one just like it so that you can keep yours on the road for years to come. I’ll give you a recent example of two ‘cheap’ cars with two very divergent destinies.
Is this the turn-around? Dead cat bounce? Unloading of 2010 inventory? July US new car sales are a closely watched indicator. The following table lists July sales reported by Automotive News [sub]. Watch this spot for all numbers as they come in during the day. Read More >
Official numbers for July sales in Germany are out now, and did we mention that the Verband der Importeure VDIK (German Association of Car Importers) is usually reliable? They said 237.500 cars in July. The official number, as reported by the Kraftfahrtbundesamt, is 237.428. The official drop is 30.2 percent. Read More >
Great artists steal, and I’m obviously inspired by Paul Niedermeyer’s GM’s Deadly Sin series here. I am currently the owner of three Porsches, as pathetic as that may be, and I’ve experienced firsthand the many ways in which Porsche disappoints its fans and buyers. Few companies have been as comprehensively whitewashed by the media and the corporate biographers, but the truth is available to those of us who wish to look a bit harder.
We will start with the big betrayals, of course, and the unassuming fastback you see above represents perhaps the worst of Porsche’s many middle fingers to the customer base. It is a 1999 Porsche 911, known to everyone in the world as the “996”.
From 1964 to 1998, the 911 evolved on an incremental basis. As with the first and last Volkswagen Beetles, there are very, very few parts which survived the thirty-four-year journey unchanged, but there’s an amazing amount of interchangeability. It is possible to “update” a 1971 911T to look just like a 1998 Carrera 2S, and it’s also possible to “backdate” a 1994 911 Carrera to look like a classic 1973 Carrera RS. Both of these offenses against human decency have occurred many times, incidentally. Take a look here to see a rather lovely example of a “964” turned into a “long-hood” 911S, in a color that will be familiar to many TTAC readers.
[Editor’s note: In the absence of an official rebuttal to Edward Niedermeyer’s NY Times Op-Ed on the Chevrolet Volt, TTAC’s own Ken Elias has volunteered to come to the Volt’s defense.]
The Chevy Volt should be a brilliant piece of engineering achievement if it works as advertised. That’s a big “if” and I wouldn’t bet my life that GM’s first iteration of the car will live up to the hype. And that’s only because of the long string of overhyped vehicles that came out of the former GM that simply never delivered. But that’s three decades of history talking – and GM’s a new company today with a different mindset and competitive spirit. Its newest products – the LaCrosse, SRX, Equinox, and Camaro for example – have been well received by the public and there’s no shame putting one of these rigs in your driveway. So let’s start out giving GM the benefit of the big doubt that the new Volt will work as advertised.
Yesterday, I wrote about how GM had beaten the French and made them concede benefits in return for job security. Well, it seems that the French got their own back on GM in a round about sort of way. Bloomberg reports that Opel sales in France dropped a massive 30 percent to 6,462 units in July. This doesn’t bode well for Nick Reilly, head of GM’s European division, as he tries to make Opel attractive enough for the corporate mothership to finance a turnaround with American taxpayers’ money. Shall we take a closer look at the French sales figures…? Read More >
In the market for a new Toyota Corolla? Now is the time. Your friendly Toyota dealer will lease you a well-equipped Toyota Corolla for just $189 a month for three years. With a little shopping around, your monthly payments can be below $150. This may be a great deal for you. “For Toyota, the deal could be a financial disaster,” reports an aghast Freep. “To keep customers coming to its showrooms amid a series of embarrassing recalls, Toyota has been offering some of its best leasing terms in years.” Read More >
The WSJ reports that “senior officials at the U.S Department of Transportation have at least temporarily blocked the release of findings by auto-safety regulators that could favor Toyota Motor Corp. in some crashes related to unintended acceleration, according to a recently retired agency official”. Governmental departments suppressing documents? Much like Toyota suppressed their design flaws which landed them a record $16.4m fine? You have my interest… Read More >
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