Category Archives: Toyota

Toyota prepares for hydrogen fuel-cell sedan

Toyota has announced that it is preparing to introduce a hydrogen fuel-cell sedan by 2015, with a retail price of about $50,000.

The automaker believes this sedan will have an advantage over electric cars, as it will have no emissions and the same range and refueling time of a gas-powered car, the Chicago Tribune reports.

While consumers might expect a higher price tag on the innovative vehicle, Toyota representatives have said that the cost of making fuel-cell cars has decreased by about 90 percent in the past 10 years – initially estimates for building a hydrogen fuel-cell car reached $1 million.

“Our target is, we don’t lose money with [the] introduction of the vehicle,” Toyotas managing director for advanced autos, Yoshihiko Masuda, told Bloomberg News. “Production costs should be covered within the price of the vehicle.”

As the technology emerges, some consumers have expressed hesitation in purchasing the new cars, as refueling options for the vehicles seem limited at present.

Drivers currently in the market for a Toyota may note the low expense of used cars. According to Automotive.com, a used four-wheel-drive 2009 Toyota Camry Sedan can sell for as little as $10,675.

Toyota predicts substantial sales increase

In a bright spot in an otherwise rough year for the troubled automaker, Toyota Motor Corp, the company recently released a report that predicted a 48 percent rise in profit this fiscal year.

The increase is expected to be the result of an anticpated recovery in Toyota’s large North American market, where sales recently suffered due to the notorious series of recalls, and a boost in sales the Asian market, outside of Japan, Bloomberg reports.

“North America is the only market that matters [for Toyota’s earnings],” said Gentoku Kiyokawa, a Tokyo-based fund manager for Fortis Investments, which bought shares from the automaker in February.

He added, “Based on the recent sales numbers, the recalls aren’t posing a problem.”

During April, Toyota’s sales in the U.S. rose 24 percent. The company anticipates selling 2.13 million vehicles in the U.S. by the end of the fiscal year, constituting a 1.5 percent rise.

The uptick would be a promising reprieve from 2009’s market trends, which were reflected in a 20 percent drop in Toyota’s U.S. sales.

Toyota Prius declared greenest car of the year

With its topnotch fuel efficiency, solar-powered ventilation system and various high tech features, Toyota‘s 50-mile-per-gallon Prius topped this year’s list of 10 greenest cars.

According to the Kelly Blue Book, the Prius remains the most fuel-efficient car in its class of hybrids, boasting 51 mpg city and 48 mpg highway. Aside from its hybrid powertrain technology, Prius was praised for its glass moonroof with a solar-powered ventilation system, voice-activated navigation and Dynamic Radar Cruise Control with Lane Keep Assist.

“To be considered for the green Top Ten, each vehicle was required to offer fuel economy and carbon dioxide emissions superior to the bulk of vehicles in its class and at the same time provide all the safety, creature comforts and driving enjoyment that would make it pleasant to own,” Kelley Blue Book said in its website.

This year’s list was largely dominated by last year’s collection, but also included two newcomers — the Volkswagen Golf TDI, one of the newest “clean diesels,” and the Chevrolet Tahoe Hybrid, which demonstrates SUV-like features that can co-exist with a hybrid powertrain.

Rounding up the top five are Honda Insight Hybrid (41 mpg), Ford Fusion Hybrid (39 mpg), Volkswagen Golf TDI (34 mpg) and MINI Cooper (32 mpg). Ranked sixth to tenth are the Ford Escape Hybrid (32 mpg), Honda Fit (31 mpg), BMW 335d (27 mpg), Toyota Highlander Hybrid (22 mpg) and Chevrolet Tahoe Hybrid (22 mpg).

The New York Times reported that Toyota will introduce a third-generation Prius in May in line with Toyota’s plan to sell a million hybrid cars in the next few years, from about 250,000 hybrids in 2008.

Used Toyota resale values on the rise

Resale values of Toyota vehicles are gaining slowly after a boost in sales, as reported by the Japanese automaker earlier this month.

Consumers who currently own a Toyota have gained back “at least some of the resale value” they lost at the peak of the safety recall in February, Bankrate.com reports.

The automotive websites Edmunds.com and Kelly Blue Book have shown an uptick in resale values of used Toyota cars, in sharp contrast to their forecasts two months ago that prices would drop by as much as 10 percent.

“Values for three-year-old Toyotas are improving, though at a slower rate than the current industry average,” the news provider reported, citing Kelley Blue Book’s analysis.

Edmunds.com senior analyst Joe Spina also said that prices of used Toyota cars are “almost back to their pre-recall levels,” noting that a full rebound will not come until late summer.

Toyota has recalled more than 8 million vehicles due to safety concerns, but its March sales increased 41 percent compared with those in the month a year earlier. The rebound has largely been fuelled by subsidized leases and interest-free financing.

2005 Toyota Tacoma proves up to the long haul

If there’s one thing that most drivers require from their trucks its dependability. As the workhorse of the automotive industry, trucks have to be rugged and tough to catch a driver’s eye, and according to MotorTrend Magazine’s Long-Term Verdict trucks don’t come much more reliable than the 2005 Toyota Tacoma PreRunner V-6.

The 2005 Tacoma was indeed a step up from earlier models, standing taller and wider than its predecessors and featuring a slightly re-sculpted exterior. Among the more common models including extended and crew cabs, one of the most popular styles was the sporty PreRunner – a sleek redesign that offered the look and suspension of a four-wheel drive vehicle to the compact truck driver.

Drivers fortunate enough to get a hold of the V-6 PreRunner are gifted with a 4.0-liter engine that pushes 245 hp at 283 lb-ft of torque, giving this truck the chops to hang in the same league as its larger counterparts like the Dodge Dakota.

The Tacoma’s interiors also grew substantially larger than earlier models creating a spacious driving experience, and with the added storage space and a 440-watt electrical outlet, the Tacoma’s bed is one of the most versatile in its class.

American automakers score well in new reliability survery

On the heels of a few troubling months, the U.S. automotive industry received some terrific news this week. On Thursday, J.D. Power and Associates unveiled their 2010 Vehicle Dependability Survey, which found that Ford, Buick and Cadillac all decreased the number of problems with their vehicles.

The annual survey, which rates 3-year old cars based on how many problems they average per 100 vehicles, found that 25 of 36 vehicle brands manufactured in 2007 showed improved long-term durability compared to the previous year, the Daily Finance reports.

Among the top 10 most reliable 2007 brands are Ford, Mercury, Honda, Toyota and Lincoln. In fact, all three Ford divisions finished in the top eight in the survey.

“These results, along with other consumer-driven indicators, show that we are making solid progress on our promise to deliver high initial quality, long-term durability and overall customer satisfaction,” said Bennie Fowler, group vice president for global quality at Ford.

Toyota also had an extremely strong showing, with the Prius and Corolla finishing first and second in the compact car segment. The Sequoia and the Tundra also earned high marks in the multi-activity and large pickup categories.

Toyota’s customer loyalty ratings slip

Toyota Motor Corporation’s recent safety recalls have apparently taken their toll on their customer base. A recent survey by Consumer Reports found that 60 percent of current Toyota owners said they would most likely remain loyal to the brand when the time comes to purchase a new car, down 10 percentage points from a December 2009 study.

Due to the slippage, Toyota has fallen behind Honda and now sits at second on the customer loyalty rating list.

“The intense publicity surrounding Toyota’s recent recalls seems to be having a pronounced effect on the company’s image among its current customers,” said officials with Consumer Reports, quoted by Auto Week.

However, even with the decline, Toyota remains significant percentage points ahead of Chevrolet and Ford in terms of customer loyalty.

Approximately 50 percent of current Ford and Chevy owners said they would most likely stay with their respective brands.

The most recent survey was conducted before the U.S. Congressional committee hearing last week. Approximately 6.5 million Toyota vehicles have been recalled in the U.S alone over the last six months due to safety concerns.

Toyota’s president testifies in front of Congress, apologizes for safety recalls

On Wednesday, at a U.S. congressional hearing concerning automobile safety, Toyota Motor Company president Akio Toyoda apologized for the Japanese car makers’ numerous recalls, stating that his company’s rapid growth had “confused” the priority that it places on safety, according to the Los Angeles Times.

“Quite frankly, I fear the pace at which we have grown may have been too quick,” said Toyoda, who testified in front of Congress for more than three hours. “I regret that this has resulted in the safety issues described in the recalls we face today, and I am deeply sorry for any accidents that Toyota drivers have experienced.”

Toyota’s president also said he believes that there are no problems with the electronics in his vehicles and that no cover-up was attempted to veil the automaker’s safety issues.

Meanwhile, on Thursday, New York State Attorney General Andrew Cuomo announced that Toyota has agreed to cover the cost of at-home pickup of vehicles that were involved in the recalls. In addition, the Japanese automaker will reportedly reimburse customers for supplemental expenses such as taxis or car rentals, the New York Times reports.

Honda, Subaru and Toyota ranked top three all-around automakers

On Monday, in their annual spring auto issue, Consumer Reports ranked Honda and Subaru the two best all-around automakers. Surprisingly, in spite of their numerous recalls, the non-profit magazine ranked Toyota as the third best car manufacturer, the same designation that they received last year.

David Champion, senior director of Consumer Reports’ Auto Test Center, said that Toyota remained among the top three automakers because they continue to assemble quality vehicles, according to The New York Times.

“I think once they get through all the recalls, you’ll see that they are a very, very reliable manufacturer,” Champion stated.

Meanwhile, the Big 3 American auto companies fared no better than they did in 2009. While Ford ranked 11th among all car manufacturers, General Motors and Chrysler finished in the last two positions.

However, in the individual categories, the Chevrolet Traverse won the best family SUV and the Silverado pickup was recognized as the best truck.

The 2010 Consumer Reports rankings were based on the performance, reliability, utility and comfort of each brand.

Hulk Hogan settles with son’s crash victim

On Friday, professional wrestling superstar Hulk Hogan settled a lawsuit with the family of John Graziano, who was critically injured in an automobile accident caused by the television personality’s son Nick.

In 2007, the 25-year-old Graziano was a passenger in Hogan’s Toyota Supra when the 19-year-old reality TV star lost control of the vehicle, smashing into a nearby palm tree. While Nick was left with minor injuries, Graziano, who is an Iraq war veteran, sustained severe brain injuries, leaving him in a minimally-conscious state and requiring full-time care.

Last year, the younger Hogan pleaded no contest to felony reckless driving involving great bodily harm. He was eventually sentenced to eight months in prison, but only served five.

Exact terms of the financial settlement were not released, although the victim’s family said it will take millions to care for him over the years, according to the Associated Press.

“We are very happy because our goal all along was to ensure that John was provided with the appropriate care for the rest of his life,” Graziano’s family attorney Kim Kohn told Entertainment News. “And the settlement will do that.”