Autoblog

Numbers Don't Lie: Silverado beats out F-150 as America's best-selling light-duty pickup

Jeremy Korzeniewski — Wed, 08 Jul 2009 19:30:00 EST

Filed under: Trucks/Pickups, Chevrolet, Dodge, Ford, GMC, Nissan, Toyota

Quick - What's the best-selling light-duty pickup truck in America? Did you say the Ford F-150? Not so fast. According to the J.D. Power Information Network (via our friends at PickupTrucks.com), General Motors sold more Chevy Silverado 1500 pickups (119,959 units) in June that Ford sold F-150s (107,778 units), and that's not a fluke.

It seems that the automakers don't actually break out the sales of each pickup line when reporting overall figures, so Ford lumps all F-Series (F-150, F-250, F-350...) sales together when it correctly lays claim to the title of Best-Selling Pickup Line in America. Ford's Super Duty series commands nearly 50-percent of the HD pickup market, which puts the Blue Oval on top of the overall sales race.

Interestingly, all three American automakers picked up full-size pickup market share at the expense of Nissan and especially Toyota, which saw sales of its Tundra plummet from 76,516 units to just 36,106 units in June of 2009 compared to one year ago. Click here for the full breakdown of full-size truck sales data.

[Source: PickupTrucks.com]

Numbers Don't Lie: Silverado beats out F-150 as America's best-selling light-duty pickup originally appeared on Autoblog on Wed, 08 Jul 2009 19:30:00 EST. Please see our terms for use of feeds.

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REPORTS: Lexus to build IS F convertible; existing IS droptops selling ahead of supply

Chris Shunk — Wed, 08 Jul 2009 16:29:00 EST

Filed under: Convertibles, Lexus, Toyota

2010 Lexus IS250 C and IS350 C - Click above for high-res image gallery

Lexus has high hopes for its new IS250 C and IS350 C convertibles, and early returns give the Japanese automakers cause for optimism. Car and Driver is reporting that Toyota's upscale division will build a droptop version of its bonkers IS F sports sedan, and plans for that model are surely buttressed by brisk initial sales of the new IS convertible models. Wards Automotive says that IS250 C and IS350 C folding hardtop convertibles are being picked up faster than they can be made, prompting Toyota to increase production at its Kyushu plant in Japan to 1,200 units per month. The ISC is so hot in the Northeast that the region will begin receiving 225 units per month.

Scott Wracher, general manager of the brand's eastern area, says 85% of the convertible IS models will have the 204 hp, 2.5-liter V6, while only 15% will have the more potent 306 hp 3.5-liter V6. The manual transmission 250C stickers at $38,480, and $43,940 will net you the auto transmission-equipped IS 350 C (plus $875 for destination). The IS convertibles also have a lengthy list of expensive options, which will easily push the MSRP up to (and over) $50,000.

In related news, C&D's sources suggest that hopes for a roadster version of the on-again/off-again LF-A supercar (currently 'on again,' for those keeping tabs) are increasingly unlikely.

Gallery: First Drive: 2010 Lexus IS250 C and IS350 C

Photos copyright (C)2009 Jonathon Ramsey / Weblogs, Inc
[Sources: Car and Driver; Wards Automotive]

REPORTS: Lexus to build IS F convertible; existing IS droptops selling ahead of supply originally appeared on Autoblog on Wed, 08 Jul 2009 16:29:00 EST. Please see our terms for use of feeds.

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Spy Shots: Next Toyota Landcruiser Prado/Lexus GX caught in the Middle East?

Jonathon Ramsey — Wed, 08 Jul 2009 12:32:00 EST

Filed under: Spy Photos, SUVs, Lexus, Toyota

Toyota Land Cruiser Prado spy shots -- Click above for image gallery

A tipster in the Middle East has sent pics of what looks to be the area's next Toyota Land Cruiser Prado (known as the Lexus GX stateside). If it is the next version of the SUV, Toyota has gone for a massaging routine as opposed to brute force change. A reshaped front fascia contains swoopier headlights, a vertical-bar grille similar to that of the Australian model), and a raised lower bumper detail. The changes are minimal out back, with more pronounced taillamps and a unique U-shaped chrome taillamp garnish.

As the vehicle seen here is thought to be based on the same platform as the current model, it isn't clear if this is the same chassis that is expected to underpin America's next Toyota 4Runner/GX expected this Fall. In the Gulf region, Al Motor News figures that the predecessor's Toyota engines will carry over: a 2.7-liter four-cylinder and a 4.0-liter V6. The Gulf-market Lexus is also expected to get a 4.6-liter V8 engine option with 310 horsepower.

These shots were apparently taken at a dealer inventory lot, so it is assumed the Prado will be shown officially in the not-too-distant future. You can get a sneak preview for yourself in the gallery of photos below. Hat tip to Ebraheem!

Gallery: Spy Shots: 2010 Toyota Prado/Landcruiser

[Source: Al Motor News]

Spy Shots: Next Toyota Landcruiser Prado/Lexus GX caught in the Middle East? originally appeared on Autoblog on Wed, 08 Jul 2009 12:32:00 EST. Please see our terms for use of feeds.

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Second That Emotion: Toyobaru re-confirmed for Tokyo Motor Show?

Jonathon Ramsey — Wed, 08 Jul 2009 10:00:00 EST

Filed under: Coupes, Sports/GTs, Japan, Tokyo Motor Show, Subaru, Toyota

As recently as February, the Toyota/Subaru sports car was declared dead, a week later it was back on, a few weeks after that there were rumblings that it would be at this year's Tokyo Motor Show. Japan's Best Car magazine is apparently reporting that the little car will definitely be revealed in Japan. The news makes some sense, as this year's show will be well down on foreign automaker participation, so it's reasonable that local makers will want to take advantage of the dedicated attention to their wares.

Assuming the Toyobaru does show up, it will supposedly sit alongside the production Lexus LF-A and the hybrid 2011 Toyota Supra concept. Now if we could just make sure there's a new NSX there...

[Source: 4WheelsNews | Image: Best Car]

Second That Emotion: Toyobaru re-confirmed for Tokyo Motor Show? originally appeared on Autoblog on Wed, 08 Jul 2009 10:00:00 EST. Please see our terms for use of feeds.

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VIDEO: Toyota dealer employees caught snooping through customer vehicle, watching porn

Chris Shunk — Tue, 07 Jul 2009 19:28:00 EST

Filed under: Maintenance, Trucks/Pickups, Videos, Toyota, Carsumer Advocacy

Click above to watch video after the jump

Have you ever had the feeling that the service guy at your local dealership is rummaging through your things? Perhaps even a few quarters are missing. A guy named Jason knows all too well about dealership employees going through his stuff - on two different occasions, Jason noticed that things were missing from his Toyota Tundra after getting it serviced at Hampton Toyota of Lafayette. One time, over $10 in quarters were reportedly stolen, and the next time, Jason says about half his quarters were gone.

After complaining about his problems to dealership management, he received no response. So he rigged a digital video camera to the passenger side door and recorded his Tundra's next service appointment. What he saw from the video footage was priceless. In one video clip, the technician rummages through his pills, even licking the medicine's residue on his hand. He also takes some quarters from the truck. Videos that were later removed from YouTube reportedly shows one man watching what sounds like pornography on a diagnostic computer.

Instead of again complaining to dealership management, this time Jason took the DVD to the local media, and sent a copy to the owner of the dealership, along with a letter detailing what happened to him. Consumerist reports that the dealer's owner immediately fired the three workers caught on video, along with the service manager that ignored his complaints. Jason also received an extended warranty on his truck for his troubles. Hit the jump to view the videos showing the technician rummaging through Jason's things. Hat tip to FaLex!

[Source: Consumerist]

Continue reading VIDEO: Toyota dealer employees caught snooping through customer vehicle, watching porn

VIDEO: Toyota dealer employees caught snooping through customer vehicle, watching porn originally appeared on Autoblog on Tue, 07 Jul 2009 19:28:00 EST. Please see our terms for use of feeds.

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REPORT: Cost cutting leads Toyota to cease hosting Japanese Grand Prix

Jonathon Ramsey — Tue, 07 Jul 2009 14:00:00 EST

Filed under: Motorsports, Toyota

Toyota finances being what they are, the company is ruthlessly assessing its accounts and making cuts anywhere it deems appropriate. The latest head to roll is the Formula 1 race at Fuji Speedway, Toyota's own circuit. Opened in 1965 and host of the Japanese Grand Prix for the first time in 1976, Formula 1 returned to Fuji in 2007 and 2008, and was due again in 2010.

In spite of that, Toyota deemed the $20-to-$30 million dollars necessary to hold a Grand Prix -- a mere fraction of the money it spends on its F1 team - couldn't be justified. Said Hiroaki Kato, president of Fuji Speedway (above), trading conditions have made the race "extremely difficult."

This year's Japanese GP will be held at Honda's Suzuka as scheduled, but next year's race will need to be decided on. Honda has said it has no idea where the 2010 race will be held.

[Source: AFP via Google | Image: Yoshikazu Tsuno/Getty]

REPORT: Cost cutting leads Toyota to cease hosting Japanese Grand Prix originally appeared on Autoblog on Tue, 07 Jul 2009 14:00:00 EST. Please see our terms for use of feeds.

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REPORT: Toyota bankrolling $500 million into Indiana plant; no comment on NUMMI

Michael Harley — Tue, 07 Jul 2009 11:00:00 EST

Filed under: SUVs, Plants/Manufacturing, GM, Toyota, UAW/Unions

The world's biggest automaker has confirmed that it is investing 44.9 billion yen (or about $467.2 million at current exchange rates) to upgrade its Indiana plant. Toyota Motor Corp. will reportedly spend the next three months retooling in order to build its Sequoia and Highlander SUVs on the same line (last year, the automaker canceled plans to manufacture the Highlander in a new plant slated for Mississippi).

Toyota also has no comment about the recent rumors that it had entered talks with General Motors about buying out General Motors's share in the New United Motor Manufacturing Inc. (NUMMI) venture after the U.S. automaker announced last week that it was abandoning its 50 percent stake in the partnership. Toyota is currently negotiating with the United Auto Workers to adjust labor rates at the Fremont, California, operation. According to reports, the plant could shut down if those talks go sour.

[Source: Automotive News, subs. req'd]

REPORT: Toyota bankrolling $500 million into Indiana plant; no comment on NUMMI originally appeared on Autoblog on Tue, 07 Jul 2009 11:00:00 EST. Please see our terms for use of feeds.

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REPORT: 2010 Toyota Prius ditches Incredible Shrinking Gas Tank for conventional unit

Jeremy Korzeniewski — Mon, 06 Jul 2009 17:58:00 EST

Filed under: Hybrids/Alternative, Green, Tech, Toyota

2010 Toyota Prius - Click above for high-res image gallery

Ever notice that you your bladder seems to shrink when its cold outside? Apparently, the Toyota Prius feels your pain, and while we don't have any good solutions to report for your own personal problems, Toyota has found an easy fix for its hybrid. Unlike previous generations of Toyota's fuel saver, the new 2010 model won't have an underperforming bladder when it's cold outside.

Since its introduction back in 2001, Toyota has equipped the Prius with a synthetic fuel tank bladder that collapsed as gasoline was slowly pumped out of the tank and into the engine. Due to complaints that the last-gen car wasn't able to take its full 11.9 gallon fuel allotment whenever the temperature was below 70-degrees, the third-generation Prius comes equipped with a more conventional rigid fuel tank made from lightweight resin. In order to retain its coveted low-emissions rating in California, the latest Prius also reportedly features an improved vapor-recovery system that will help reduce hydrocarbon emissions.

Gallery: 2010 Toyota Prius

[Source: Chicago Tribune]

REPORT: 2010 Toyota Prius ditches Incredible Shrinking Gas Tank for conventional unit originally appeared on Autoblog on Mon, 06 Jul 2009 17:58:00 EST. Please see our terms for use of feeds.

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REPORT: Toyota plans to manufacture up to 30,000 plug-in hybrids in 2012

Michael Harley — Sun, 05 Jul 2009 13:05:00 EST

Filed under: Hybrids/Alternative, Green, Japan, Toyota

Fanning competition against GM's upcoming 2011 Chevrolet Volt plug-in, the Nikkei business daily reports that Toyota Motor Corp. plans to manufacture 20,000 to 30,000 plug-in hybrids in 2012. Toyota allegedly wants pricing comparable to Mitsubishi's all-electric car, which is set to debut this month to fleet customers in Japan (both vehicles are eligible for government subsidies).

Toyota's plug-in vehicles will be powered by lithium-ion batteries co-developed with Panasonic EV Energy Co. and are expected to offer a full-charge range between 20 to 30 km (12.4 to 18.6 miles) on battery power alone. According to the paper, Toyota would not comment on future product plans.

[Source: Automotive News, subs. req'd]

REPORT: Toyota plans to manufacture up to 30,000 plug-in hybrids in 2012 originally appeared on Autoblog on Sun, 05 Jul 2009 13:05:00 EST. Please see our terms for use of feeds.

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REPORT: Toyota woes spell trouble for Fuji Speedway

Noah Joseph — Sat, 04 Jul 2009 15:19:00 EST

Filed under: Motorsports, Japan, Honda, Toyota, Earnings/Financials

Toyota's Timo Glock at the 2008 Japanese Grand Prix at the Fuji Speedway

In any game of chicken, it's all about who flinches first. Ever since its first running in 1963, the Japanese Grand Prix has bounced between Fuji Speedway and Suzuka Circuit, the former dominating in the '60s and '70s before the latter got the exclusive in the late-'80s through 2006, at which point Fuji took over again. The rivalry is about more than just the tracks, though: With Toyota owning Fuji and arch-rival Honda owning Suzuka, the back-and-forth has become something of a turf war between the country's automotive powerhouses.

Two years ago, the two tracks worked out a deal that would have the race alternating year to year, sort of like Germany's arrangement between Hockenheim and the Nürburgring. However, emerging reports suggest that tightening belts at Toyota could spell trouble for Fuji Speedway. The costs of hosting a Formula 1 grand prix event continue to escalate, and those costs may be harder to justify for the cash-strapped auto giant - especially if ticket sales don't cover the budget. Honda is likely in no better a financial situation, as evidenced by their unfortunate withdrawal from the sport. But if Toyota flinches first, Honda might win the race... in one sense or another.

[Source: F1-Live | Image: Mark Thompson/Getty]

REPORT: Toyota woes spell trouble for Fuji Speedway originally appeared on Autoblog on Sat, 04 Jul 2009 15:19:00 EST. Please see our terms for use of feeds.

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Dead Diesels: Six automakers reportedly kill plans for oil burners

Jonathon Ramsey — Wed, 01 Jul 2009 16:57:00 EST

Filed under: Tech, Chrysler, LLC., Ford, GM, Honda, Nissan, Toyota

Diesel's near-term prospects in America took a huge hit with the revelation that nine diesel-powered 2010 models are on hold. Ford, General Motors, Chrysler, Toyota, Honda, and Nissan have put the kibosh on rolling out more oil burners due to cost and perception issues.

Toyota's obviously on a hybrid run and doesn't want to expel the effort or expense of investing in diesel for the American market -- and having to overcome America's dirty diesel perceptions. The others, as mass market manufacturers, simply need more justification for the cost and complexity of oilburners in order to make the case for consumers to spend more.

Additionally, diesel's benefits are weighted differently according to EPA or CAFE standards. The EPA mileage numbers present diesels well, but CAFE's differing fuel mileage equation makes gas-hybrids look better than diesels, and CAFE is something all automakers are looking at. However, you'll notice that German brands aren't mentioned -- their price premium and European diesel volumes make a worthwhile case for diesels, so those diesel Jetta Sportwagons won't be going away any time soon.

[Source: Automotive News - Sub. Req.]

Dead Diesels: Six automakers reportedly kill plans for oil burners originally appeared on Autoblog on Wed, 01 Jul 2009 16:57:00 EST. Please see our terms for use of feeds.

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REPORT: Toyota considering cooperation with Daimler on compact, full-size models

Damon Lavrinc — Wed, 01 Jul 2009 15:41:00 EST

Filed under: Sedans/Saloons, Euro, Hatchbacks, Daimler, Lexus, Mercedes-Benz, Toyota

According to a report from Auto Motor und Sport, Toyota is considering a partnership with Daimler to build Mercedes-Benz' A- and B-Class sub-compacts on the Japanese automaker's MC platform. The idea is to maximize the efficiency and output of Toyota's European plants, and could also include sharing development costs on each brand's next generation flagships: the Lexus LS and Mercedes S-Class. Daimler has dismissed the report as "speculation," while a Toyota Motor Europe spokesman toed the company line, only saying "It's part of our normal business practice that we regularly talk to other carmakers but there are no specific projects planned at the moment."

[Source: Auto Motor und Sport via Reuters]

REPORT: Toyota considering cooperation with Daimler on compact, full-size models originally appeared on Autoblog on Wed, 01 Jul 2009 15:41:00 EST. Please see our terms for use of feeds.

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Toyota stung by possible Prius headlight defect?

Jeremy Korzeniewski — Wed, 01 Jul 2009 13:30:00 EST

Filed under: Hybrids/Alternative, Government/Legal, Green, Recalls/TSBs, Safety, Toyota, Carsumer Advocacy

2007 Toyota Prius - Click above for high-res image gallery

We'd wager that the last thing Toyota wants in the midst of the super-important launch of its new third-generation Prius is a negative stigma attached to the previous model. Unfortunately, that's exactly what the Japanese automaker may have on its hands as a number of owners of the 2005-2008 Toyota Prius with the HID headlight option are banding together on online forums, message boards and in possible class action lawsuits against the automaker in relation to failing headlamps.

According to Advertising Age, these HID headlight bulbs and their associated electronics can sometimes cost well over $1,000 to replace after they've gone faulty, and Toyota is unwilling to pick up the tab. At least one lawsuit has reportedly been filed last month by Girard Gibbs in U.S. District Court in Los Angeles on behalf of a Putnam County, N.Y., Prius owner. The suit contends that the problem is a "dangerous but undisclosed safety defect" and alleges that "Toyota is concealing the problems from owners" despite having been "long been aware of Prius' HID headlight problem." It's possible that the suit will get class-action status.

The NHTSA has reportedly filed a preliminary investigation into the issue and contacted Toyota on May 13 regarding 338 complaints it has received so far from Prius owners about the HID headlamps. Spokesmen from Toyota have said the automaker is cooperating with the NHTSA investigation, which may or may not end up calling for an official recall.

Gallery: Review: 2007 Toyota Prius Touring

[Source: Advertising Age]

Toyota stung by possible Prius headlight defect? originally appeared on Autoblog on Wed, 01 Jul 2009 13:30:00 EST. Please see our terms for use of feeds.

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Toyota Camry tops this year's Cars.com American-Made Index

John Neff — Tue, 30 Jun 2009 12:32:00 EST

Filed under: Car Buying, Plants/Manufacturing, Toyota

Cars.com has once again published its annual American-Made Index that rates vehicles built within the United States based on their sales and percentage of domestic parts content. This year's list has a number of movers and shakers based mainly on the fact that a troubled economy has torpedoed sales of some models and others are now ineligible because their parent brands are being canceled.

The Ford F-150 has lost its top ranking in the American-Made Index for the first time since Cars.com began producing the list back in 2006. The new No. 1 is - gasp - the Toyota Camry. Assembled in Georgetown, KY and Lafayette, IN, the Camry's upswing in domestic parts content helped it barely edge out the F-150, which has seen both its sales and domestic parts content fall year-over-year. Toyota, in fact, had four models make the American-Made Index this year including the Sienna, Tundra and first-timer Venza.

General Motors placed the Chevrolet Malibu, Silverado and GMC Sierra, while Ford had the aforementioned F-150, and list newcomer Ford Taurus, which enjoys the highest domestic parts content of 90 percent. No Chrysler vehicles made the top ten, although one Honda did: the Lincoln, AL Odyssey has an 80 percent domestic parts content rating and thus sewed up the #10 spot. You can view the full list after the jump and visit Cars.com to read more about how the index was produced.

[Source: Cars.com]

Continue reading Toyota Camry tops this year's Cars.com American-Made Index

Toyota Camry tops this year's Cars.com American-Made Index originally appeared on Autoblog on Tue, 30 Jun 2009 12:32:00 EST. Please see our terms for use of feeds.

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REPORT: Scion iQ headed for America by early 2011 with a few changes

Jeremy Korzeniewski — Mon, 29 Jun 2009 19:27:00 EST

Filed under: Hybrids/Alternative, Green, Hatchbacks, Scion, Toyota

Scion iQ Concept - Click above for high-res image gallery

As expected, Toyota's youthful Scion division will indeed get a version of the diminutive iQ for the North American market, possibly by either the end of 2010 as an '11 model or in early 2011 as a '12 model. According to Motor Trend, the car will cost about the same as the Yaris and get the usual modifications for the American market, such as slightly extended bumpers and recalibrated airbags.

Fortunately, the Big Wheels body kit fitted to the conceptual Scion iQ shown off at the New York Auto Show won't come to the States as standard equipment. We're not entirely sure what powerplants Toyota plans to use in the American iQ, but in other markets it's available with three engines displacing between 1.0- and 1.4-liters, and no hybrid iQ is currently planned due to cost and packaging considerations.

Interestingly, MT also reports that the Toyota FT-EV electric car concept from this year's Detroit Auto Show, based on the iQ minicar, will hit the market by 2012. At this time, the Japanese automaker may still be deciding between tried-and-true nickel metal hydride batteries or more powerful but unproven lithium ion units. Regardless, Toyota's aiming for a 50-mile range and an eight-hour recharge from a standard wall outlet.

Gallery: New York: Scion iQ Concept

[Source: Motor Trend]

REPORT: Scion iQ headed for America by early 2011 with a few changes originally appeared on Autoblog on Mon, 29 Jun 2009 19:27:00 EST. Please see our terms for use of feeds.

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GM execs to reportedly meet with Toyota regarding hybrid sharing

Jeremy Korzeniewski — Mon, 29 Jun 2009 17:29:00 EST

Filed under: Hybrids/Alternative, Green, Plants/Manufacturing, GM, Toyota, Rumormill

2010 Toyota Prius - Click above for high-res image gallery

Rumors that General Motors may get access to Toyota's proprietary hybrid technology just won't go away. Today, Bloomberg cites two unnamed sources in reports that Toyota President Akio Toyoda and GM chief Fritz Henderson will meet this August in Michigan to discuss the possibility of a GM-badged version of the Toyota Prius hybrid hatchback.

For the record, both General Motors and Toyota have repeatedly denied that any such talks have taken place in the past and have said it's unlikely that they ever will in the future. Many of these rumors indicate that the two automakers are considering building the Prius together at the New United Motor Manufacturing Incorporated (NUMMI) joint venture in California, but GM has today announced that its involvement in NUMMI is over.

It remains a possibility that Toyota will fully take over the reigns at NUMMI to finally build the Prius in America, but even if that's the case, it's extremely unlikely that General Motors will have anything to do with the project in light of its own massive undertaking of readying the Chevrolet Volt for the market in 2011.

Gallery: Review: 2010 Toyota Prius

GM execs to reportedly meet with Toyota regarding hybrid sharing originally appeared on Autoblog on Mon, 29 Jun 2009 17:29:00 EST. Please see our terms for use of feeds.

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Brain Power: Toyota develops thought-controlled wheelchair

Jeremy Korzeniewski — Mon, 29 Jun 2009 16:28:00 EST

Filed under: Tech, Toyota, Lifestyle

Toyota Brain Machine Interface Wheelchair - Click above for high-res image gallery

You shouldn't need Professor X-style telekinetic powers to move a wheelchair using only your mind, at least not according to Toyota. The World's Largest Automaker is busily developing its Brain Machine Interface, which uses thought-control and brain wave analysis technologies in an attempt the make life better for elderly or handicapped people.

A series of electrodes are attached to the scalp and measure the brain activities associated with certain thoughts. The BMI then displays those signals on an attached screen and can create a set of instructions that may be useful in all kinds of scenarios, including to move an electric wheelchair.

According to Toyota, the company's BMI technology has advanced to the point where it's practically instantaneous (the delay is just 125 milliseconds), is 95-percent accurate and will adapt itself to any user's thought patterns. Next logical question: How long until our cars come sans pedals and steering wheels? Thanks for the tip, FaLeX!

Gallery: Toyota BMI Wheelchair

[Source: Dawn.com | Photo by YOSHIKAZU TSUNO/AFP/Getty]

Brain Power: Toyota develops thought-controlled wheelchair originally appeared on Autoblog on Mon, 29 Jun 2009 16:28:00 EST. Please see our terms for use of feeds.

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After 25 years, GM ditches NUMMI tie-up with Toyota

Chris Paukert — Mon, 29 Jun 2009 15:58:00 EST

Filed under: Plants/Manufacturing, GM, Pontiac, Toyota

As part of its "New GM"/"Old GM" bankruptcy proceedings, General Motors has announced that it will abandon its ownership stake in the New United Motor Manufacturing Incorporated (NUMMI) joint venture with Toyota.

According to an official statement, GM and Toyota worked to find a future product that would work for both automakers, but they were apparently unable to do so. As a result, GM will assign its NUMMI stake to "Old GM," effectively ending a 25-year partnership with the Japanese automaker.

Over the last quarter-century, the Fremont, California plant has produced a number of vehicles for GM, including the current Pontiac Vibe, as well as the Geo/Chevrolet Prizm, and the Bowtie'd Nova that preceded it.

There is no word on what (if any) effect the deal's collapse will have on Toyota's NUMMI-made products which include the Tacoma pickup and Corolla sedan. According to NUMMI's official website, 5,440 workers are employed at the plant. Official press release after the jump. Thanks to everyone for the tips!

[Source: General Motors; NUMMI | Image: Hokubei]

Continue reading After 25 years, GM ditches NUMMI tie-up with Toyota

After 25 years, GM ditches NUMMI tie-up with Toyota originally appeared on Autoblog on Mon, 29 Jun 2009 15:58:00 EST. Please see our terms for use of feeds.

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REPORT: Aston Martin Cygnet adds a smart set of clothes to the Toyota iQ

Frank Filipponio — Mon, 29 Jun 2009 10:26:00 EST

Filed under: Concept Cars, Economy, Aston Martin, Toyota

Toyota iQ-based Aston Martin Cygnet Concept - Click above to enlarge

With a nod to our current global economic and environmental issues, super GT maker Aston Martin has reportedly announced the world's first super luxury supermini. Having blown their development budget on the V12 Vantage RS, Rapide and One-77 hypercar, they turned to an unlikely partner for some help: Toyota. Aston Martin has taken the Toyota iQ 3+1 commuter and given it a tailored suit from Savile Row. The result is the new Aston Martin Cygnet you see above. In case you're wondering, a "cygnet" is a baby swan, not to be confused with an ugly duckling.

Although technically just a concept, word has it that the vehicle will be put into limited production and sold exclusively to existing Aston Martin owners, at least initially. There's a full press release after the jump, but the Cygnet should sell for around £20,000 (around $33k USD) when it goes on sale late next year. The car will retain the iQ's unique 3+1 seating but will be tailored to the individual customer's needs when it is assembled in Gaydon. Think of it as a move to "1-down" BMW's MINI brand. We only have the one photo for now, but from what we can see it doesn't look as unfortunate as we might have expected with Aston's distinctive grille, hood cutouts, side vents, and of course, the winged badge. Still, you have to wonder what this sort of thing might do to the Engish company's brand equity, no? Follow the jump for the presser. Thanks to everyone for the tips!

[Source: Toyota via Autocar]

Continue reading REPORT: Aston Martin Cygnet adds a smart set of clothes to the Toyota iQ

REPORT: Aston Martin Cygnet adds a smart set of clothes to the Toyota iQ originally appeared on Autoblog on Mon, 29 Jun 2009 10:26:00 EST. Please see our terms for use of feeds.

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New Toyota CEO takes 30% pay cut, sees no recovery for two years

Michael Harley — Thu, 25 Jun 2009 16:31:00 EST

Filed under: Japan, Toyota, Earnings/Financials

Akio Toyoda, the new President of Toyota and grandson of company founder Kiichiro Toyoda, is predicting another two years of tough times for the auto industry. In order to stay afloat, the Japanese automaker, under the direction of Toyoda, will build more autonomous operations in North America and concentrate on a more region-specific lineup to help the company pull through the recession.

While the company will be steered "back to basics," the changes will not involve plant closures - Toyota wants to make sure it retains capacity for when the market bounces back. Toyoda will also personally take a 30% pay cut this year. "The new Toyota sets sail in very stormy waters," said Toyoda at his first news conference. "But right now we're working at full speed to cut costs and jump-start sales with the support of various government incentives being rolled out... We want to do everything possible to avoid a third consecutive year of losses."

[Sources: Reuters / Reuters]

New Toyota CEO takes 30% pay cut, sees no recovery for two years originally appeared on Autoblog on Thu, 25 Jun 2009 16:31:00 EST. Please see our terms for use of feeds.

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