Toyota

Toyota operating profit falls 15% as strong yen hurts earnings

3:13 am U.S. ET | Aug. 4, 2016

Toyota's operating profit in the latest quarter fell 15 percent to $6.33 billion as a strong yen weighed on earnings. The automaker plans more aggressive cuts in labor costs and other expenses to offset unfavorable currency exchange rates. It also lowered its forecast for full-year operating profit to a four-year low.... Read More »

VIDEO: First Shift: July U.S. sales winners, losers

12:01 am U.S. ET | Aug. 4, 2016

July U.S. sales winners, losers; Toyota cuts outlook as quarterly profits drop; Another loss for Tesla; Michigan, Ontario join forces to make region more competitive.... Read More »

CAR MANAGEMENT BRIEFING SEMINARS

Toyota executive maps out the future of 'computers on wheels'

3:08 pm U.S. ET | Aug. 3, 2016

Artificial intelligence, robotics and the cloud will result in vehicles that are safer, more personalized and better connected to other cars, infrastructure and smartphones, said James Kuffner, chief technology officer at Toyota Research Institute.... Read More »

VIDEO: First Shift: Suitor for FCA's Magneti Marelli?

12:01 am U.S. ET | Aug. 3, 2016

Samsung reportedly in talks for FCA's Magneti Marelli; EPA clears BMW diesels; Prius plug-in delay; Profits dip at Subaru parent; Fuel prices still factor for buyers, study finds.... Read More »

Toyota will delay launch of new plug-in Prius in Japan

Aug. 3, 2016 09:47 CET

Toyota said it would delay the Japan launch of its new-generation plug-in Prius gasoline hybrid model to winter from an initial schedule of fall.... Read More »

Lexus readies LS makeover with LF-FC overtones

11:00 am U.S. ET | Aug. 2, 2016

The next-generation Lexus LS has been caught testing by spy photographers and it appears the brand is going to great lengths to disguise the headlight and taillight design of its largest sedan. The production version is expected to resemble a toned-down version of the dramatic LF-FC concept Lexus introduced at last year's Tokyo auto show. The retooled LS is expected to debut early next year -- likely in January at the Detroit auto show.... Read More »

JULY U.S. AUTO SALES

U.S. sales mixed as second half starts with 0.5% gain, caution flags

9:45 am U.S. ET | Aug. 2, 2016

Automakers reported mixed U.S. sales for July, amid rising incentives and sustained demand for trucks, as the industry kicked off the second half of the year with a 0.5 percent gain. The SAAR came in at 17.86 million -- the highest rate of the year and above forecasts. But Ford warned the new-vehicle market has become “very price sensitive.”... Read More »

MERCEDES: Record July helps pad lead over BMW, Lexus

4:00 pm U.S. ET | Aug. 2, 2016

Mercedes-Benz posted record July U.S. sales, pulling further ahead of BMW and Lexus in the luxury-auto sales race.... Read More »

VIDEO: AutoNews Now: July gains for Kia, Hyundai, Honda

12:01 am U.S. ET | Aug. 2, 2016

Gains for Kia, Hyundai, Honda in lukewarm July; 'Star Trek' actor's parents sue FCA; No bed, no hatch? No sale; Study: Uber, Lyft and rivals no threat; Lexus, Acura, Jeep spy shots.... Read More »

TOYOTA: Sales declines slow as trucks pick up slack

2:00 pm U.S. ET | Aug. 2, 2016

Toyota reported July sales of 214,233 units, a 1.4 percent decline, as record sales of light trucks failed to offset the fall in car deliveries at both the Toyota and Lexus divisions.... Read More »

CAR MANAGEMENT BRIEFING SEMINARS

Lexus ES-350 launch was a success because Toyota invested in people, exec says

11:55 am U.S. ET | Aug. 1, 2016

Before Toyota Motor Manufacturing launched production of the Lexus ES-350 at its massive plant in Georgetown, Ky., last year, the automaker invested in its workforce with 1.5 million hours of training, the president of the plant said Monday.... Read More »

Lexus shoppers warm to no-haggle model

12:01 am U.S. ET | Aug. 1, 2016

It's still early, but Lexus officials are encouraged by the response they've gotten to a pilot program that calls on dealers to offer transparent, no-haggle pricing and a single point of contact for customers.... Read More »

Calming buyers after canceling their perks

12:01 am U.S. ET | Aug. 1, 2016

Customers who bought a vehicle from Hooman Toyota of Long Beach, Calif., were told they could get free oil changes, “tires for life” and other perks that the dealership said were worth nearly $7,000. Then the dealership was sold, and the new owner declined to continue the perks.... Read More »

Dealer’s ‘Dream’ team works the late shift

12:01 am U.S. ET | Aug. 1, 2016

The “Dream Service” team at Fred Anderson Toyota, of Raleigh, N.C., works 3-11 p.m., Monday through Thursday. The dealership's promise to customers is that if the car or truck arrives by 9 p.m. and the parts are on hand, the work will be done by 7:00 the next morning.... Read More »

Toyota, suppliers rethink manufacturing

12:01 am U.S. ET | Aug. 1, 2016

Never known for radical changes, Toyota Motor Corp. is about to make a radical change.
... Read More »

Toyota Group suppliers grapple with yen's impact on profits

6:18 pm U.S. ET | July 29, 2016

Toyota Group suppliers posted mixed financial results in the April-June quarter, reflecting varying levels of success coping with adverse exchange rates in the wake of the yen's sharp rise following the U.K.'s Brexit vote.... Read More »

VW is top-selling carmaker in first half as Toyota slips

July 29, 2016 09:41 CET

VW Group was the world's top-selling automaker in the first six months despite its emissions scandal as rival Toyota was hit by production stoppages and slumping Prius sales in the U.S.... Read More »

Toyota, Mitsubishi, Volvo improve the most in J.D. Power APEAL Study

10:00 am U.S. ET | July 27, 2016

Toyota, Mitsubishi and Volvo had the largest improvements among brands with more than one nameplate in J.D. Power's latest study of new-vehicle appeal, while Porsche paced the industry for the 12th consecutive year.... Read More »

Hyundai to roll out next-gen fuel cell in '18

12:01 am U.S. ET | July 25, 2016

Hyundai will use the 2018 Winter Olympics in South Korea to showcase a new next-generation fuel cell vehicle.... Read More »

Q&A with Gill Pratt, CEO, Toyota Research Institute

12:01 am U.S. ET | July 25, 2016

Gill Pratt talks autonomous driving and about those that don't want a machine driving for them.... Read More »

Nissan, Toyota vie for the hearts of Texans

12:01 am U.S. ET | July 25, 2016

To grow in the U.S., Nissan needs more of Texas. But Dallas is about to become Toyota Town.... Read More »

Lexus' sexy, sporty flagship leads the way

12:01 am U.S. ET | July 25, 2016

Several Lexus models will be moving to the TNGA platform in coming years. Meanwhile, the new RC and coming LC 500 are leading the brand's shift to a sexier and sportier vibe.... Read More »

Toyota CPO surge boosts sales industrywide

12:01 am U.S. ET | July 25, 2016

Industrywide first-half CPO sales grew 4 percent, according to data compiled by the Automotive News Data Center. Toyota division helped to lift the total, as its CPO sales climbed 15 percent.... Read More »

Toyota plans to deliver a more dynamic future

12:01 am U.S. ET | July 25, 2016

Years of planning are now bearing fruit as Toyota puts more of its vehicles on the new global modular architecture that debuted on the fourth-generation Prius for 2016.... Read More »

Infiniti tops survey on satisfaction among sales prospects

12:01 am U.S. ET | July 11, 2016

Infiniti stores outperformed all brands in an annual study on building rapport and satisfaction among potential car buyers. The 2016 Pied Piper Prospect Satisfaction Index is based on the treatment of mystery shoppers who visited 6,157 U.S. stores. Lexus and Mercedes-Benz stores tied for second; Toyota ranked third; Audi was fourth; and BMW rounded out the top five.... Read More »

 
Summer of success for ANE's Rising Stars

Douglas A. Bolduc
12:01 am U.S. ET | Aug. 30 2016

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It has been a summer of success for executives identified by as Rising Stars by Automotive News Europe. ...
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Delphi, Mobileye deal may hasten decline of car brands

Christiaan Hetzner
7:58 am U.S. ET | Aug. 29 2016

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How do you create a meaningful brand experience when driving becomes only a means to an end? That is ...
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Ghosn's life-changing post-Christmas offer

Douglas A. Bolduc
5:37 am U.S. ET | Aug. 22 2016

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Carlos Ghosn's powers of persuasion are very hard to resist, Nissan Brazil's current boss learned on Dec. 26. 2011. ...
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Automakers face uncertainty over key Chinese government policies

Yang Jian
6:24 am U.S. ET | Aug. 19 2016

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Auto executives in China are worried these days. ...
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Confessions of a diesel junkie


12:01 am U.S. ET | Aug. 3 2016

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My plan to someday drive off into the sunset in a diesel-powered car at the conclusion of my career ...
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Newsletters & Alerts
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VW brand suffers most as car sales fall 2% in Europe's top 5 markets in July
VW brand car sales fell steeply in Europe's top five markets in July as the automaker continued to s ...
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Lada defies Russian market slump with new Western-style cars
Lada bucked the Russia's steep slump with a 4 percent rise in sales last month in a market down 17 p ...
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UK car sales flat in July amid signs of a consumer slowdown
British new-car sales were flat in July but demand from private consumers fell, suggesting a hit to ...
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Western Europe sales fall 2% in first monthly decline since 2013
New-car sales in western Europe fell 2 percent in July, the first monthly decline since August 2013, ...
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German car sales fell 3.9% in July as VW Group takes big hit
New-car sales in Germany fell 3.9 percent in July on fewer selling days, with VW Group brands suffer ...
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Italy car sales growth slows to 2.9% in July
New-car sales in Italy grew by 2.9 percent in July -- less than the double-digit growth recorded in ...
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French new-car sales plunged nearly 10% in July
French car sales fell 9.6 percent in July on fewer selling days with PSA and VW Group suffering stee ...
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Europe's first-half sales growth beats predictions, but Brexit could slow surge
Europe's first-half car sales grew by a stronger-than-expected 9.1 percent with nearly every automak ...
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European June car sales slow as Brexit vote reduces confidence
European car-sales growth slowed to 6.5 percent in June as the British vote on exiting the EU weighe ...
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Russia car sales fall 13% in June
Russian car sales fell 13 percent in June as an economic crisis driven by low oil prices and Western ...
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Bentley recruits new sales chief from VW's Seat
Bentley named Andreas Offermann from VW Group's Seat brand as its new sales and marketing chief as t ...
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Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
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Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
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Audi lures Volvo exec to lead electrics unit
Audi has hired former high-ranking Volvo executive Thomas Mueller to be its head of electrics/electr ...
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Volkswagen Group appoints China chief for VW brand
VW Group appointed veteran manager Stephan Woellenstein to the newly created position of CEO for the ...
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Ford promotes UK exec Periam to Europe finance chief
Ford executive Will Periam is the new chief financial officer of the automaker's European subsidiary ...
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Ex-Mini design chief Warming joins Chinese-backed Borgward
Borgward, a German brand that has been revived with Chinese backing, has recruited Mini's former des ...
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PSA names new Peugeot, China, Europe chiefs
PSA Group named new chiefs for its Peugeot brand and for its Europe and China regions. ...
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Daimler promotes Turkish unit boss Seeger to Mercedes sales and marketing chief
Daimler named Britta Seeger as global sales and marketing head of Mercedes cars. ...
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BMW names former F1 exec Duesmann as new purchasing chief
BMW has appointed Markus Duesmann, its former Formula One powertrain boss and current engine guru, t ...
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Hyundai sees Ioniq as brand hero
Hyundai sees its new Ioniq as its green flagship and a key image booster in Europe even if sales wil ...
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Seat expects Ateca to strengthen its profitability
Seat, which recently returned to profitability after years of losses, expects to further strengthen ...
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Ford makes Edge its European flagship
Ford says it will target premium rivals including the Volvo XC60 and Audi Q5 with its new European f ...
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Cadillac XT5 price undercuts rivals in Europe
Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium ...
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Honda hopes NSX halo effect will give automaker a boost in Europe
Honda hopes for a halo effect boost in Europe from its NSX supercar. The NSX is a "branding exercise ...
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Alfa touts Giulia's driving dynamics
Alfa Romeo claims its new Giulia has better driving dynamics than rivals such as the BMW 3 series be ...
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Suzuki Baleno is company's first model in Europe with fuel-saving mild hybrid
Suzuki has boosted fuel economy in its new Baleno hatchback by using a mild hybrid system for the fi ...
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MG aims first SUV at budget buyers
MG Motor, a Chinese-owned UK brand, is aiming its first SUV, the GS, at families looking for a budge ...
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Maserati expects first SUV to become its best-seller
Maserati is embracing the boom in luxury SUV sales with the launch of its Levante crossover, which t ...
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McLaren aims cozy 570GT at new audience
McLaren says that the 570GT is the first supercar it has produced that was not conceived primarily w ...
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Suppliers to the new VW Tiguan
VW started production of the new Tiguan in January at its factory in Wolfsburg, Germany. Output is e ...
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Suppliers to the new Bentley Bentayga
Bentley Bentayga production began in November 2015 at the brand's factory in Crewe, England. ...
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Suppliers to the new Renault Talisman
Assembly of the new Renault Talisman began in September 2015 at Renault's factory in Douai, France. ...
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Suppliers to the new Alfa Romeo Giulia
Assembly of the all-new Alfa Romeo Giulia began in March at parent Fiat Chrysler Automobile’s ...
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Suppliers to the new Audi A4
Assembly of the fifth-generation Audi A4 began in July 2015 at Audi's factory in Ingolstadt, Germany ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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