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Toyota’s Turkey unit exports fall 30% as Russia bites

ANKARA: The Turkish unit of Toyota Motor Corp saw first-half exports slump by 30 percent to 42,433 units after a weaker ruble hit Russia’s car market, but it hopes to pare losses with sales domestically and to Europe, the unit’s chief executive has said. Toyota Turkey has been one of the 10 biggest production facilities of Toyota Corp outside Japan, ... Read More »

Toyota’s Turkey unit exports fall 30% as Russia bites

ANKARA: The Turkish unit of Toyota Motor Corp saw first-half exports slump by 30 percent to 42,433 units after a weaker ruble hit Russia’s car market, but it hopes to pare losses with sales domestically and to Europe, the unit’s chief executive has said. Toyota Turkey has been one of the 10 biggest production facilities of Toyota Corp outside Japan, ... Read More »

Toyota Caetano Portugal recall hits 29,000 vehicles

LISBON: Toyota Caetano Portugal is to call in over 29,000 vehicles over safety issues stemming from the Takata airbags they have installed, an official company source said. This represents the first Portuguese fallout from the announcements made by the Japanese manufacturers Toyota and Nissan that they would be recalling over three million cars worldwide due to the aforementioned issue. Toyota ... Read More »

Toyota to boost Japan exports to meet global target

TOKYO: Toyota Motor Corp., facing capacity constraints in North America, may boost exports from Japan for the first time in three years to meet its global sales target. Weak sales in resource-rich and emerging countries have made it “very difficult” to meet Toyota’s 2015 target, Managing Officer Yoichi Miyazaki said last month, according to a newsletter by the company’s labor ... Read More »

Toyota posts 19% rise in full year net profits

TOKYO: Japan’s biggest car manufacturer, Toyota, has posted a year-on-year 19% rise in net income for the 12 months to March, beating expectations.The result comes from stronger sales in the US, together with a weaker yen.The firm said net income increased from 2.1733 trillion Japanese yen ($18.1bn; £11.7bn), up from 1.8231tn yen a year earlier.But it said consolidated vehicle sales ... Read More »

Toyota, V8 Supercars launches 86 Pro-Am race series in Australia

SYDNEY: Toyota has revealed that it will launch a one-make race series for the popular 86 sports car next year, allowing wannabe race drivers the opportunity to compete in wheel-to-wheel racing from just $100,000 per year. Scheduled to kick off with the start of the 2016 V8 Supercar season, the Toyota 86 Pro-Am Series will see up to five professional ... Read More »

Toyota launches 86 Pro-Am race series based on $29,990 86 GT manual

SYDNEY: Toyota has revealed that it will launch a one-make race series for the popular 86 sports car next year, allowing wannabe race drivers the opportunity to compete in wheel-to-wheel racing from just $100,000 per year. Scheduled to kick off with the start of the 2016 V8 Supercar season, the Toyota 86 Pro-Am Series will see up to five professional ... Read More »

Toyota raises full year profit forecast to record $18b

LONDON: Toyota raised its earnings forecast for the year to March, saying it expects to book a record $18.1 billion annual net profit thanks to a weak yen and cost cuts. The revision marked the second upgrade for the fiscal year to March as the world’s biggest automaker lifted its net profit estimate to 2.13 trillion yen from an earlier ... Read More »

Toyota to invest $500 million in Turkey in 2-3 years

ANKARA: Toyota will further invest $500 million in Turkey for new models in the upcoming two to three years, Toyota Automotive Industries Turkey Corporation CEO Orhan Özer said on Saturday. Speaking at the meeting held by Antalya Businessmen Association, Özer said that Toyota Turkey exports 88 percent of its production to 53 countries. With the new $500 million investment, our ... Read More »

Google asks General Motors, Ford, Toyota, Daimler to make self-driving car by 2020

NEW YORK: Internet search company Google has begun discussions with most of the world’s top car makers and parts suppliers to speed up efforts to bring self-driving cars to market by 2020. “We’d be remiss not to talk to … the biggest auto makers. They’ve got a lot to offer,” said Chris Urmson, director of Google’s self-driving car project. The ... Read More »

Toyota to encourage others to use its patented technologies for free

LAS VEGAS: Go ahead, peek at our patents. Toyota will allow others to use several thousand of its patented or patent-pending technologies for free to speed the development of its hydrogen-powered car dubbed the Mirai, due to be sold in the U.S. by October. Becoming James Bond may be easier than you think in the future. Connected cars, like a BMW ... Read More »

Toyota China sets sales target at 1.1m units despite missing target in 2014

BEIJING: Toyota Motor, the China sales of 2014 full year about 1.03 million units, an increase of 12.5% ​​year on year, although the first time topped the 1 million units, but did not reach the goal with 1.1 million units or more. Aim for 2015 to sell 1.1 million units, expected growth rate of year on year to slow to ... Read More »

After Mercedes, Aston Martin, Infiniti ‘Concept Vision Gran Turismo’ makes its virtual debut

TOKYO: Infiniti’s new supercar concept, dubbed simply ‘Concept Vision Gran Turismo’, has made its virtual debut. Developed for Sony’s ongoing ‘Vision Gran Turismo’ project a celebration of the Gran Turismo gaming series’ 15th birthday the new concept is the boldest expression yet of Infiniti’s evolving design language. The carmaker’s last swing at a sports coupe concept was 2012’s Emerge-E, itself ... Read More »

After Honda, Toyota, Mazda, Nissan & Mitsubishi: Chrysler recalls 3m vehicles to replace defective airbag inflators

TOKYO: Chrysler will replace defective airbag inflators in about 3 million vehicles, the latest massive recall stemming from faulty airbags made by Japanese supplier Takata Corp. The recall affects a number of older Chrysler models, including the Dodge Ram, Dodge Durango, Chrysler Aspen and Dodge Charger, according to a company statement. The recall affects 2.8 million vehicles in the United ... Read More »

Honda to recall 13 million cars after 20 million vehicles affected by defective Takata airbags

TOKYO: Honda has increased the quantity of its recall of vehicles, having defected Takata airbags, from around the world to 13 million cars. The automaker plans to widen its “investigative” recall to the entire world to determine what is wrong with airbags made by Takata, the Nikkei quoted Honda president Takanobu Ito as saying. “If the same problem exists, we ... Read More »

2015 Toyota Sienna tuned into SpongeBob 3-D concept car

NEW YORK: The SpongeBob’s car has been turned into reality as Nickelodeon and Toyota have partnered to build a new 3-D concept car based on Paramount Pictures and Nickelodeon Movies’ upcoming film, The SpongeBob Movie: Sponge Out of Water. The SpongeBob Movie 2015 Toyota Sienna features a custom three-dimensional SpongeBob SquarePants exterior, complete with the character’s Superhero Incredibubble mask that ... Read More »

Lexus unveils 400-plus-horsepower topless Gold LF-C2 to beat own SC 430 coupe

LOS ANGELES: Having angular front headlights and villainous front grille, the Lexus Future – Coupe 2 (LF-C2) Concept car has attracted the luxurious vehicle lovers, when it was unveiled at LA Auto Show. Jeff Bracken, the group vice president and general manager of Lexus said, “We’re here to share with you what happens when we take our signature look, which ... Read More »

Blue Mercedes 300 SL Gullwing with 210hp engine avaiabale in Switzerland

SWITZERLAND: The iconic Mercedes 300 SL Gullwing, widely regarded as the world’s first true super car, is often seen at motor shows and car museums. It is a very big deal to see one on the road, especially one that is not silver! This magnificent blue Mercedes 300 SL Gullwing was spotted recently somewhere in Switzerland. Most Gullwing owners use ... Read More »

Toyota unveils $57,500 hydrogen-powered Mirai to replicate Prius success

TOKYO: Toyota Motor Corp has left its counterparts behind by introducing the world’s first car that is run on hydrogen instead of gasoline. The company will introduce this first mass-market fuel cell vehicle, hoping to replicate the success of its Prius hybrid. The four-seater sedan, named Mirai, the Japanese word for “future”, will first go on sale in four cities ... Read More »

Toyota to recall 57000 vehicles worldwide on Takata air bag fault

AICHI: Toyota said it would recall 57 000 vehicles globally to replace potentially deadly air bags made by Takata. Takata’s air bag inflators recalled more than 16 million vehicles worldwide since 2008 over, which can blow up much force and spray metal fragments into the car. Toyota’s small car supporting Daihatsu Mira minivehicles also recall in Japan which produced between ... Read More »