None of the approximately 100 journalists that packed Toyota’s basement meeting room in Tokyo today was surprised when the midterm results of the current fiscal year were announced, and there was an operating loss of 32.6 billion yen ($417 million). The loss was a little higher than expected, but expected it was. If you lose 689,000 units in sales, then you are bound to lose some money. The surprise came in the form of an unexpected new benchmark: Nissan. (Read More…)

The Nikkei [sub] says that Toyota’s production in Japan “is being paralyzed by the parts shortage caused by the severe flooding in Thailand, with assembly lines for 20 models to grind to a halt.”

According to the wire service, four minivan models already stopped rolling off the lines, with 16 more models to follow while Japanese plants wait for parts such as electronic components for audio equipment and gauges.

The Nikkei warns: (Read More…)

Floodwaters in Thailand show no signs of receding, and continue to affect car production in Thailand and around the world. Toyota’s three Thai plants in Samrong, Gateway and Ban Pho are dry. They have been shut down for a lack of parts since October 10, and the closure will continue at least through November 12, Toyota says in a statement. (Read More…)

The US-Korean (not quite) free trade agreement will bear fruit, and U.S. cars will be shipped to Korea. The funny part is: Some of the first companies to do so are Japanese. The Nikkei [sub] writes that Toyota will begin exporting cars from the U.S. to South Korea in early November. (Read More…)

Someone asked yesterday: “And what exactly is the difference between journalism and blog anyway?” Let me tell you a story:

Last Wednesday, I walked down the shop floor of Nissan’s humungous factory in Smyrna, Tennessee. A monitor pronounced that Volkswagen would end the year as the world’s largest automaker. My stomach knotted.

Two days before, Bloomberg had made the same proclamation: “VW Likely to Overtake Toyota as Top Carmaker in 2011, GM to Remain Second.”

I immediately warned the world that this is nonsense. But it didn’t stop the story from going viral. After all, who are you going to believe, a blogger at TTAC, or the professional journalists at Bloomberg?

The following day, I received a surprising email from someone very high up the food chain at Bloomberg … (Read More…)

We’ve already seen what Toyota’s forthcoming FT-86 looks like (basically), and now that the spec sheet has been leaked [via ft86club.com] there’s really not much more suspense left around the new rear-drive sports coupe. In case you don’t read Japanese, here are the basics:

HP: 147kw (200ps) / 200hp @7000rpm
Torque: 205nm (151 lb/ft) @ 6600rpm
Weight: 1210kg (2662 pounds)

Of course, that’s for a low-spec, manual transmission version, which rides on 16 inch wheels. Top-spec versions with an automatic transmission will weigh as much as 2,755 lbs. Toys for the top-spec version include LED headlights, leather steering wheel, 6 speakers audio and sport pedals… but then, this is all JDM spec anyway. Since the FT-86 will be coming to the US as a Scion, it’s tough to predict how the spec sheet will be structured. Still, the basics are there… and they look tempting (and in line with what the car’s chief engineer has told us). Now we just need to drive the thing!

You rarely see first-gen Cressidas, such as the junked ’80 I found last week these days; it seems that the third-gen (84-88) models make up the bulk of survivor Cressidas in North America. Fourth-gen examples— like this one I spotted in a Los Angeles self-service yard— are about as common as Crowns. (Read More…)

The Cressida was never a big seller in North America, and the second- and third-generation versions make up most of the examples you’ll see these days. First-gen ones like this ’80 I spotted in an Oakland self-service yard on Monday are just about nonexistent… and the number of survivors is about to be reduced by one. (Read More…)

The autoblogosphere is agog this morning over what appears to be yet another leak of a Toyota JDM catalog, this time of the highly anticipated Toyota FT-86 sports coupe. But is this what Toyota’s lightweight, rear-drive sportscar will actually look like? Not exactly:the image above is clearly labeled as a Modelista version, which means it’s been visually tweaked by Toyota’s in-house tuner. On the other hand, if you pull off the Modelista bits, specifically the front fascia and ground effects kit, you’ll find that this model more closely resembles the FT-86 Concept than the FT-86 II Concept, most notably in its proportions. With a more compact, cab-forward look, these images show a car that shares the first Concept’s basic shape with just a hint of the II Concept’s wild wheel arches and sweeping character lines. That comports with what the FT-86’s chief engineer told TTAC in a recent exclusive interview, when he said the initial Concept was “kind of close” and the II Concept was “not close at all.” Another clue that this is the real thing (or close to it): ft86club shows that the interior appears to be similar to mules that were caught testing.

Finally, there’s one key issue with this FT-86 image leak that must be considered: when this car comes stateside, it will be as a Scion FR-S, not a Toyota. Which means it could well be visually tweaked even further for our market, as it transitions to Toyota’s youth brand. In any case, the mystery won’t last long: TTAC’s Bertel Schmitt will be on hand for the FT-86 (and Subaru BRZ) reveal at the upcoming Tokyo Auto Show. Until then, speculate away!

Recent Toyota ads introducing the “Prius Family” have featured the Prius C Concept to represent the forthcoming compact Prius, which will bear only the most passing resemblance to the slick showcar. But if deception was Toyota’s game, the jig is up. Der Prius wird geschrumpft (shrunk), chortles Autobild, which says these images come from a Japanese brochure that was leaked to the web. And the car pictured does look far more production-Toyota-like than the decidedly Scionesque C Concept. Is it the real thing? Will ad-attentive Toyota fans wonder where the C Concept went? Will a compact hybrid sell well in any case? These pictures are worth a thousand questions…

When was the last time you saw a mint-condition first-gen Tercel on the freeway? This early-80s Tercel (Corolla Tercel, according to Toyota’s goofy “tack on the model name the Americans already know” branding experiment) apparently drove into a time machine around the time the Iranian hostages were released and reappeared on the 405 yesterday afternoon, as I was driving an RX-8 out of LAX. (Read More…)

The trouble with EVs is that they need batteries. Batteries are expensive and heavy, they deplete quickly and are prone to early death. Japanese carmakers and universities are assaulting the problems head-on. They have batteries that go twice as far and live twice as long. But there is a new problem … (Read More…)

Japanese carmakers are driven out of the country by a rising yen and an urge to diversify their production after the catastrophic March 11 tsunami. A favorite destination is Thailand. Due to free trade agreements with many nations, Thailand increasingly morphs from the Land of Smiles to a South East Asian production and export hub. Now, most car production in Thailand is stopped – again because of killer floods. (Read More…)

While the discussion about the value of the yen continues (also at TTAC), the exodus from Japan is picking up steam. Toyota is joining other carmakers that quietly turn India into a car export nation to be reckoned with. Toyota’s Chief Engineer Yoshinori Noritake  (above) soon will be able to smile: Toyota’s subsidiary in India will export Toyota’s and Noritake’s “BRIC car”, the Etios, to South Africa in March 2012. (Read More…)

Remember when cars, especially Toyotas, suddenly had a mind of their own, started accelerating, leaving their drivers helpless and hapless? It was in the beginning of 2010. The media cited scores of allegedly killed people. Source: The NHTSA complaint database. When complaints skyrocketed, the media wrote about a dramatic increase of complaints. Now, have a look at the graph above. (Read More…)