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Have you bought your RV yet for the summer? Everyone is doing it, suggests Thor Industries CEO Bob Martin.
Lamborghini sales stay nicely in motion despite the global economic downturn. Yahoo Finance chats with Lamborghini Chairman and CEO Stefano Domenicali.
Toyota on Tuesday forecast a sharp drop in sales and operating profit over the coming year as the Japanese giant suffers from the "wide-ranging, significant and serious" fall-out from the coronavirus pandemic that has shredded the global auto market. The manufacturer said its operating profit for the fiscal year ending in March 2021 was expected to dive 79.5 percent and declined to even give a forecast for net profit. Toyota also forecast a near-20 percent drop in annual sales, with every region suffering a slump, led by Europe and Asia.
GM has put in a litany of protocols to keep workers safe as they return to manufacturing plants later in May.
Japanese auto giant Toyota said Friday it would keep its Chinese factories shut until February 16, extending its suspension by a week amid the growing coronavirus crisis. "After considering various factors including guidelines from local and regional governments... we've decided to continue our suspension of production at all Toyota plants in China until February 16," spokesman Aaron Fowles told AFP. The virus has now claimed more than 630 lives, mainly in China, but has also spread to several other countries and played havoc with global supply chains.
Continuing in its tradition of debuting souped-up and adventure-ready vehicles at the annual Chicago Auto Show, Toyota is bringing a collection of seven pickups and SUVs to the event that will launch with a 2021 model year designation later this year. Last week, Toyota teased that they would be debuting a few outdoorsy pickups "with a touch of nocturnal mischief." On Thursday the company revealed exactly what that means: seven souped-up trucks and SUVs are rolling into the Windy City for the Chicago Auto Show, which officially opens February 8.
Japanese car giant Toyota on Thursday reported a surge in net profit on record sales for the nine months to December, and upgraded its full-year profit forecasts. Toyota said net profit for April-December surged 41.4 percent on-year to 2.0 trillion yen ($18 billion) with sales up 1.6 percent at 22.8 trillion yen, the highest ever for the period. The profit jump was mainly due to strong revenue, cost-cutting efforts and gains in shares it holds.
Like at last year's Chicago Auto Show, Toyota is bringing some off-roading models to the Windy City to show off to its midwestern audience. The reveal will also be live streamed for those unable to attend the press conference.
Toyota has announced that it is going to expand the European sport utility vehicle lineup with the addition of a compact, Yaris-like SUV. Earlier this week, Toyota officially announced that a brand-new small SUV will soon be added to the brand's European portfolio. Toyota announces a new #compact #SUV for its European line-up.
Japanese car giant Toyota said Thursday it is investing nearly $400 million in a company working on commercialising electric flying cars for "fast, quiet and affordable air transportation services". The investment in Joby Aviation comes as the automaker looks to expand into new sectors as the industry rapidly transforms, with president Akio Toyoda pledging to move the firm "from a car manufacturer to a mobility company". "Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky," Toyoda said in a statement announcing the investment.
Over the next 36 months, Toyota is planning on making 31 vehicle announcements, spanning from new car launches to model refreshes and introducing additional trims. At the annual company holiday party in Detroit, Toyota's executive VP of sales North America Bob Carter announced that "31 new announcements" will be made over the next three years, as reported by Roadshow. It's likely that those announcements won't all be for brand new vehicles that have never seen before; instead, we'll probably be seeing various refreshed models introduced from both Toyota and its luxury brand Lexus.
Japanese car giant Toyota on Thursday reported record net profit and sales for the first half, with cost-cutting efforts helping to boost its balance sheet. The maker of the Camry sedan and Prius hybrid reported net profit rose 2.6 percent to 1.27 trillion yen ($11.7 billion) in April-September. The company kept its full-year net profit forecast at 2.15 trillion yen and operating profit at 2.4 trillion yen on sales of 29.5 trillion yen, though it made a minor change to its forecast for pre-tax profit.
Japanese car giant Toyota said on Thursday its first-half net profit edged up from a year earlier, thanks to solid sales and cost-cutting efforts. The maker of the Camry sedan and Prius hybrid reported net profit rose 2.6 percent to 1.27 trillion yen ($11.7 billion) in April-September. The company kept its full-year net profit forecast at 2.15 trillion yen and operating profit at 2.4 trillion yen on sales of 29.5 trillion yen, though it made a minor change to its forecast for pretax profit.
Toyota showcases its next-generation hydrogen-powered Mirai model at Wednesday's Tokyo Motor Show, but with the technology still lagging behind electric, the Japanese firm is hoping for an Olympic boost. The automaker is a lead sponsor of the global sporting event through 2024, and will include around 500 of the new fuel-cell vehicles in a 3,700-strong fleet to be used during the Tokyo Games next summer. Adoption of fuel-cell electric vehicles (FCEVs) has been slow compared with electric cars powered by lithium-ion batteries.
25 years after the 1994 Supra 3000GT launched as a limited-run, racecar-inspired model, Toyota and TRD announced on Sunday that the car is being resurrected as a concept based on the new A90 Supra. Ahead of its 2019 SEMA Show premiere, Toyota's in-house tuning division TRD announced that the Supra 3000GT of the 90's is making a comeback as a concept model based on the recently launched Supra A90. The Toyota Supra 3000GT will be officially unveiled on November 5 at SEMA 2019 in Las Vegas.
To reduce the amount of emissions produced by vehicle-based transportation, Toyota has developed an ultra-compact battery electric vehicle to provide owners with an eco-friendly short distance mobility option. As the automotive market becomes more and more committed to developing environmentally friendly modes of transportation, vehicles are increasingly being designed for specific niches and their particular needs. Throughout 2019, a handful of extremely compact electric vehicles and concepts -- Citroen's Ami One, Seat's Minimo, Nissan's IMk, and Honda's Urban EV -- have been announced with the nearly-exclusive purpose of being used in urban environments.
Toyota has unveiled the fourth generation of its Yaris, which will debut at the Tokyo Motor Show, set to take place October 25-November 4, 2019. As a direct consequence, the car becomes slightly shorter, wider and lower than its current incarnation, with a lower center of gravity.
As many countries across the world are experiencing surges in the proportion of elderly persons in their populations, ensuring that all people are properly attended to becomes increasingly difficult. To address this challenge, Toyota's Research Institute announced late last week that an at-home assistant robot is in development, one that has the capacity to continuously learn how to do new tasks in all types of homes.
Toyota said on Wednesday it will take a nearly five-percent stake in small-car specialist Suzuki Motor, the latest tie-up in the rapidly changing global auto industry. The smaller partner in turn will buy Toyota shares worth 48 billion yen through the market, which amounts to roughly 0.2 percent of the firm. Toyota and Suzuki had in 2017 signed a memorandum of understanding to discuss an operational tie-up.