Don’t even bother to look, it’s a worthless search. That’s what Paul Fischbeck, a professor of social and decision sciences and engineering and public policy at Carnegie Mellon University, told the National Academy of Sciences. (Read More…)
Producers of rolled steel and car manufacturers alike are casting a wary eye towards Japan. There, Toray Industries has developed technology, that, for the first time, allows carbon fiber to be used for mass produced auto bodies. According to The Nikkei [sub], Toray will start supplying Toyota and Fuji Heavy with carbon fiber for car bodies later this year. (Read More…)
In news which will shock absolutely no-one, Business Week reports that Toyota and Nissan’s attempts to woo buyers of big pick-up trucks are failing (or failed, depending which way you’re looking at it). “The Big Three successfully beat back the Toyota incursion into the pickup market” said Brian Johnson, auto analyst for UK bank Barclays, “We had expected Toyota would do what they did with cars and take over the market. Their share gains have been frustratingly slow.” As with most things, the devil is in the details. Or in this case, the devil is in the market research. (Read More…)
The day after Toyota announced that it still hasn’t found an electronic cause for unintended acceleration in its vehicles and that UA complaints are down 80%, Consumer Affairs reports that Allstate Insurance filed a $3m suit against the Japanese automaker, claiming it “essentially hid the problem.” The suit, filed in the Southern Californian district court that is hearing all UA-related suits against Toyota alleges
This has resulted in numerous claims of instances of property damage and injuries, including in some instances fatalities
Furthermore, the suit claims that it had to compensate UA-related claims because Toyota hadn’t fitted a brake-override to its vehicles, a feature that is not yet required by law. Toyota is adding brake-override to all of its 2011 models, but claims that Allstate’s charges “have no basis.”
So, this weekend has been crowned “Sexual exploitation” weekend? See what happens when you put a German in charge? If you can pull your eyes away from the scantily clad ladies, who have nothing between their ears, except for the photographer’s tongue, and look at a calendar, you’ll see that October is upon us. The beginning of a month. What could that mean? It’s the monthly sales figures! Which leads us to Toyota. (Read More…)
I used to play poker a lot. So I’m perfectly aware of the old adage “Strong is weak and weak is strong“. If someone is acting weak, chances are, they’ve got a good hand and are trying to lull you into a false sense of security. Likewise, if someone is acting bold, then there’s a good chance they’ve got “rags” and are trying to scare you off to collect the pot for themselves. Like when Cerberus purchased Chrysler. It was an open secret in the industry that Chrysler was ready for the knacker’s yard…again. But Cerberus still pushed ahead with the purchase. Eventually, Chrysler failed and Cerberus lost money. Which made everyone wonder “What were you thinking?” I have a suspicion people will start asking the same question about Toyota soon. (Read More…)
Minicars, that Japanese specialty with a pint-sized (0.66 liter) enginelet, still commands a market share of more than 30 percent in Japan. It used to be more. Toyota didn’t play in that segment, that’s what Daihatsu was for. Today, The Nikkei [sub] reports that Toyota will enter the minicar market. Wait a minute, wasn’t that what Daihatsu was for? Oh, they still are … (Read More…)
When you took the Tokyo subway between 10 and 11 pm, it used to be full of dozing salarymen who just got back from work. Putting in long hours just was the Japanese way. Some put in an evening shift somewhere else, and came home at 11, sighing “tough day at the office.” Not anymore. Many companies, Toyota one of them, put in an overtime ban. Hubby-san suddenly had to come home early. As a further sign that the crisis is behind us, longer working hours are back. (Read More…)
Anarchy in the TTAC! It turns out that Michael Karesh and I both got invited to short-lead Scion tC press events. His review is found here and nicely covers things like the sound system, recent sales numbers, and the American economy. It’s so comprehensive that I didn’t feel the need to attend my press preview.
I did, however, feel the need to pay my bookie, so I am dutifully submitting this piece to offset a small amount of my personal debt. If you are not in the mood to read two reviews of this car, I have helpfully summarized my review in one sentence, posted “before the jump” for your convenience:
Given sufficient velocity and violence of application, it is possible to set the brakes on fire.
Again, shameless China shows utter disregard for intellectual property. Nothing is sacred anymore. The American government fines Toyota? Great! Let’s copy that! The Nikkei [sub] reports that Toyota has been fined by local authorities in Zhejiang Province. Wait until you hear what for. (Read More…)
Toyota and the families of four people who died when dealership loaner Lexus ES crashed after a reported unintended acceleration event, have settled out of court reports Bloomberg. The crash gained national attention and helped spur on the media frenzy around unintended acceleration in Toyotas. Toyota CEO Akio Toyoda had previously apologized to the family of the driver, Mark Saylor, during congressional testimony. Needless to say, Toyota is not disclosing the terms of its settlement, saying only that
Through mutual respect and cooperation we were able to resolve this matter without the need for litigation.
Since the recalls, hearings, etc. it’s been difficult to gauge what effect this had on Toyota. On the one hand, sales are falling in the US, but globally, sales are up. Looking at it one way, Toyota had to raise their incentives to shift metal; looking at it another their incentives are still below market average and nowhere near GM, Ford and Chrysler. Companies that are committed to lowering their incentives. Well, here’s another story to further confuse us. (Read More…)
Despite rising global sales and recording good profits ( Ray LaHood’s best attempts just aren’t good enough), the bad news keeps coming in for Toyota. Recently, Toyota lost a preliminary hearing that ruled they hid safety evidence (I think it’s safe to say that Dimitrios Biller is off Toyota’s Christmas card list). Now their brand has taken an official hit. (Read More…)
If you want to offer hybrid cars, but don’t have the money / time / run rate / wherewithal to do it yourself, who’re gonna call? Toyota. But who would have imagined that haughty Daimler picked up the phone, dialed 0081, and said: “Let’s talk?” Daimler considers joining the growing list of automakers that source their hybrid systems from Toyota City. Toyota is in talks to provide technology and core components for hybrid vehicles to Daimler, after having been approached by the Germans, says The Nikkei [sub]. (Read More…)
Scion brand manager Jack Hollis tells the WSJ [sub] that
The sales are nowhere where they should be and they will never be this low again
And with only 29,672 units sold through 2010, he ain’t kidding either (well, except for maybe the last part). Meanwhile, with the Yen headed up, profits on Scion’s small, Japanese-built offerings aren’t in great shape either. In short, it is with good reason that Scion is the subject of the most-recent TTAC Deathwatch. Meanwhile, Scion’s bid for renewed relevance hangs on the success of two cars: the neo-Corolla Coupe tC, and the A-Segment Scion iQ three-seater. TTAC will have an early review of the tC before the end of the week, but before we get into the specifics of that vehicle, let’s ponder the wider question of Scion’s viability. Will these two cars bring back Scion’s sales to their previous levels? Let’s take a look at Scion’s historical sales for answers…
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