Here we go. Are you sitting down?

Presenting its Q3 financials in Tokyo today, Toyota delivered much higher profits and much higher sales while promising even higher profits at pretty much flat sales for the future. With a man on his left who looked like an accountant, and who had a big accountant’s briefcase on his knee, ready to pull whatever document his master needs, and a very quiet Shigeru Hayakawa on his right, Toyota Senior Managing Officer Takahiko Ijichi did forecast a net profit of 860 billion yen ($9.3 billion) for the fiscal year ending on March 31, 2013 up from the previously forecasted 780 billion yen. He also signaled a pause in Toyota’s rapid expansion: (Read More…)

Consumers lose interest. Even reporters do.!

A few days ago, we wrote that “EVs run out of juice.” When we did that, we referred to collapsing sales in January only.  Now Reuters says: “Are electric cars running out of juice again?” Reuters means it in a bigger way. Like forever.

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Toyota, along with its Japanese peers, has wallowed in double digit minus territory in China, ever since cars were upturned and dealerships torched in September over a few uninhabited rocks in the East China Sea. In January, China sales of Toyota shot up 23.5 percent compared to the same month a year earlier. Are Japanese fortunes in China finally turning to the better?
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Back in my college days, it seemed like every single Chrysler commercial featured a car that would morph from the old model into the new model.

Minivan morph. Neon morph. Intrepid morph. The technological transitions were quite well done, and I always enjoyed a commercial that reminded me of the movie “Terminator 2.”

But then I had a few ideas of my own…

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Anyone attending the Geneva Auto Show will get to see a concept version of the Toyota 86 convertible, pictured above in a sketch. Enjoy it as you sip your 7 Franc lattes. We’ll have live shots for you starting March 5th, once the show is on. Maybe it will be warm enough to put the top down on the MX-5 by then…

Usually, we are not big on COTY’s, but this one is too good to pass up. According to lore, which is sometimes parroted in the comments at TTAC, there is mutual hate between Koreans and Japanese. This did not stop Korean journalists from crowning a Japanese car as Korea’s Car of the year: The Toyota Camry.  This was so momentous that Toyota Korea president Hisao Nakabayashi broke into tears when the award was presented at a Seoul hotel. (Read More…)

According to the nice entertainers at Top Gear the “Sub-Zero Fridge Coolest Car” at the moment is an Aston DB9. That makes perfect sense because the display on my Sub-Zero at home keeps going out and I anticipate the same fate is likely to strike every display screen on the DB9 much more quickly than the nine years it took my Sub-Z to start showing the freezer temperature as “88” all the time. When the speedometer on the DB9 gets to 88, you’re going to see some serious shit, man. Like a $3000 repair bill.

I’m willing to accept TG‘s verdict on car coolness because I have no idea what makes a car truly “cool”. I do, however, have some opinions about what the most uncool car on the market might be. I’m thinking the Toyota Venza is certainly among the podium finishers there and possibly worthy of the top (bottom?) spot. Why is it uncool? Well, it’s a Toyota, and Toyotas are the vehicles of choice for uncool people around the world. Along with the Avalon, it’s one of the Toyotas most obviously aimed at old people, and old people are rarely cool unless they are murderers turned blues musicians. It’s a jacked-up fake-SUV station wagon that replaced the very cool Camry real station wagon. It’s the most forgettable-looking vehicle on the road, which makes it less cool than the rolling freakshow competitor known as the Honda Crosstour. It has a standard four-cylinder engine and front-wheel-drive. I can’t think of any way in which the Venza could suck it harder than it does right now. It’s the most cynical, depressing, worthless entry on the market.

Uncool, brother. But the DB9 and the Venza, eternal opposites on the cool scale, have one fairly uncool thing in common, don’t they?

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As usual at this time of the month, Toyota released full month sales and production figures for the preceding month, and as usual in January, the numbers are for the full calendar year. Readers of TTAC will not be surprised by the data, a look forward into 2013 however can get quite exciting. Or unnerving. The podium of the World’s Largest Automakers promises to be in disarray in 2013. (Read More…)

Guangzhou Autos is reporting that 2012 profits are down as much as 80 percent, thanks to the dispute with Japan over a few islands in some godforsaken corner of the world.

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Toyota’s Cambridge, Ontario plant will have the honor of being the sole facility outside Japan to produce hybrid Lexus RX crossovers. The announcement came alongside plans for an investment of $34 million investment from the Canadian government.

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The inevitable march to American-made “imports” continues, as one Toyota official recently declared his desire to see every single Toyota sold in America to be a made-in-USA product.

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At the sidelines of the Detroit Motor Show, GM conceded what we had said all along: Toyota is the world’s largest Automaker again, with GM in #2, and – surprise – Volkswagen right behind GM.

After Toyota had announced, on a preliminary basis,  that they had produced 9.92 million units in 2012, and sold 9.7 million, Volkswagen announced on Monday global deliveries of 9.1 million for the year.  We expected  GM to announce, as usual, when they surrender the report for their last quarter.
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Is the era of beige finally over? This concept is supposedly a preview of the new Corolla, due in 2014 – and it’s far more striking than the JDM version reviewed by our own BS.

Lawdy! Lawdy! Guess who’s 40!

Well, it happened. After a weekend where my daughter scores the game winning basket and the trade-ins numbered 6432, I hit the golden age of middle age.

As for the 1983 Jeep Grand Wagoneer in the picture, would you believe 403,224 miles? That little factoid was just the very tip of a long data drilldown.

Not to mention a few unusual future contests between the automakers in what will now be called the Trade-In Quality Index… or TIQI for short!

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On Friday, we mentioned that Toyobaru’s hachi-roku absolutely dominates the Tokyo Auto Salon into total submission. Just about any booth (save that of Honda, Nissan etc.) has the almond-eyes of one or more hachi-roku looking at you. On Friday, we promised you visual proof. Here it is, and it is a monster. It is the biggest collection of hachi-roku pictures this side of Gunma. (Read More…)