Toyota iQ could come Stateside wearing Scion badge

Rumors have been swirling over the past few months that Toyota was considering bringing its iQ mini-car to the States, and according to MotorTrend that's exactly what's going to happen at the LA Auto Show this November, where Toyota will unveil a U.S.-spec iQ wearing Scion badges.
The iQ – originally destined for sale in Japan and Europe – features a 3+1 seating arrangement and motivated by either a gasoline-powered 1.0-liter three-pot or a 1.4-liter diesel. However, MT speculates that the Yaris' 1.5-liter four, mated to a manual gearbox or CVT will be fitted for duty in the U.S.
Ideally, the Scion iQ would have to be priced at or below its direct competitor, the Smart ForTwo, so expect a sticker of under $15,000 if and when it goes on sale. The rationale behind offering the iQ as a Scion would finally give some credence to the brand's targeted urban demographic, which has been faltering in recent years. And with more usable passenger and cargo space than a ForTwo, the Scion iQ could be a hit for people downsizing their rides without sacrificing some of the practicality found in a more traditional runabout.


[ Via: MotorTrend ]
[ Tag: iq, la auto show, LaAutoShow, scion, scion iq, ScionIq, toyota iq, ToyotaIq ]

Toyota to export small trucks, minivans and SUVs from U.S.

Toyota builds many of its U.S. market vehicles right here in America. Among them are the Toyota Tacoma, Sienna minivan and Sequoia SUV, which is built alongside its Tundra full-size truck sibling. For the most part, they are all meant to be sold in the States, their primary market. It's no secret that sales of these big SUVs and trucks are way down, and Toyota doesn't want to idle its plants if it can help it. Therefore, the Japanese automaker is rumored to be in the midst of sending these light trucks out of the country. The Tacoma, for instance, could be sent to Mexico from Toyota's plant in Baja, California. To keep the plant in Princeton, Indiana running, the Sienna could be exported to Latin America and the gas-guzzling Sequoia to the Middle East, a place where oil supplies are obviously not in danger of dwindling.


[ Via: Automotive News ]
[ Tag: toyota, toyota exports, toyota sequoia, toyota sienna, toyota tacoma, ToyotaExports, ToyotaSequoia, ToyotaSienna, ToyotaTacoma ]

Toyota struggling to meet global sales, profit targets

The auto market is in the tank right now, with sales dropping to 1991 levels and Detroit automakers in a cash crunch of horrendous proportions. Even Japanese automakers are struggling, and perhaps the biggest sign that something is terribly wrong is that Toyota is even feeling the pain. The Japanese automaker's sales dropped by an incredible 32% last month compared to September 2007, which was preceded by drops of 9.7%, 18% and 11% in prior months. Toyota has already lowered its global sales target for the year to 9.5 million units to reflect the trouble it's experiencing in the U.S. market, but recent news from Europe is that production is being cut there, as well.
The worst news for Toyota would likely be welcome news to the rest of the automotive universe: the Japanese juggernaut will only rake in about $12 billion of profit this year. While that's an absolute treasure trove of cold, hard cash, it's about 40% less than Toyota had earlier forecasted. Toyota's stock has also taken a hit during these challenging times, with its current value down about $23 per share under its 52-week high of $58.76. The worst part about the automotive market is that there appears to be no end in sight, which means there is more bad news to come; even from Toyota.


[ Via: Automotive News ]
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2010 Toyota Prius steals font from Michael Knight

Toyota's marketing team has released the first image of the next-gen Prius, and it's not what you think. The shot shows what appears to be the welcome screen that will appear on the car's in-dash screen upon startup, and the font looks curiously like the same one used by the new Knight Rider series on NBC. We doubt this means Prius v3.0 will have Turbo Boost built in, but it will have a larger four-cylinder gas engine and more powerful electric motor. Unfortunately, the new Prius is expected to carry over its nickel-metal hydride batteries rather than going with new lithium-ions, at least for now. The 2010 Toyota Prius will be making its first public appearance at the 2009 Detroit Auto Show in January, and we'll be there to greet the new green king in person. Thanks for the tip, Danny!


[ Via: PriusChat.com ]
[ Tag: 2010 toyota prius, 2010ToyotaPrius, prius welcome screen, PriusWelcomeScreen, toyota prius, ToyotaPrius ]

Audi and Toyota considering offering smaller cars in the States

It's been well documented that we Americans have been growing larger, and if the auto manufacturers thinking of bringing their small cars Stateside follow through, we're going to feel like giants. Toyota and Audi are the latest automakers discussing whether to bring smaller transportation for us portly Americans. Audi, who didn't design the A1 concept for US duty, now believes it's a good idea to rethink its original strategy. Audi marketing boss Peter Schwarzenbauer thinks US customers have made a real shift towards smaller cars and trucks, and that the movement has staying power. Audi brass has made no decisions regarding the A1 in the US, but the fact that they're genuinely looking into the matter is a good thing.
Toyota's cleverly packaged iQ is also being considered for sales in the US. A company insider told Automotive News that Toyota was looking into the viability of the iQ in the US. The sharp looking micro car goes on sale in Europe beginning in early 2009, and we wouldn't be surprised if it arrived Stateside some time after that.


[ Via: Automotive News ]
[ Tag: Audi A1, AudiA1, small car, SmallCar, toyota iq, ToyotaIq, US sales, UsSales ]

The end is nigh: Toyota announces 0% financing on 11 models

Further proof that no automaker is immune to effects of the sales downturn in the U.S. comes as Toyota has just announced 0% financing on 11 of its models, including the hugely popular Camry and Corolla and a slew of SUVs and trucks. Last month, incentive-averse Toyota posted a drop in sales of over 30% compared to a year ago and the rest of the year isn't expected to look much better. General Motors, which still posted a decline in sales, fared better than most of its rivals, including Toyota, thanks to aggressive incentives including its employee pricing for everyone.
Toyota itself is calling the move to offer 0% financing "unprecedented," and indeed it is. Historically, the Japanese automaker has not needed to offer such sweeping deals to move its metal. It apparently has the cars, the means to finance them and just needs buyers. If you want in on the deal, it's available until November 3. See the full press release from Toyota for more details after the break.

PRESS RELEASE:

Toyota Announces Zero-Percent Offer

TORRANCE, Calif., Oct. 2, 2008 - Toyota Motor Sales (TMS), U.S.A., Inc., today announced a zero-percent interest rate offer on eleven Toyota models for qualified buyers. Expiring November 3, 2008, the loan offer varies by model, with terms ranging from 36 to 60 months.

Taking aim at the credit squeeze which has sidelined many of today's new-car buyers, the attractive offer is unprecedented for Toyota.

"Not only do we have the inventory of today's sought after fuel-efficient models, but we have the capacity through Toyota Financial Services to finance or lease them," said Toyota Division General Manager Bob Carter.

The Toyota models qualifying for this offer are: Matrix, Corolla, Camry, RAV4, Highlander, FJ Cruiser, 4Runner, Sequoia, Sienna, Tacoma and Tundra.

[ Via: Autoblog (Toyota) ]
[ Tag: toyota, toyota financial services, toyota financing, toyota sales, toyota zero percent, ToyotaFinancialServices, ToyotaFinancing, ToyotaSales, ToyotaZeroPercent, zero percent financing, zero percent financing toyota, zero percent toyota, ZeroPercentFinancing, ZeroPercentFinancingToyota, ZeroPercentToyota ]

Paris 2008: Toyota's new Avensis arrives

The Euro-only Toyota Avensis is reminiscent of the Lexus IS350 in the same way that you'd tell someone, "You kind of look like someone I know, but not really." It's the rising linear sideline, somewhat high and compact profile, and squared-off rear that do it. But that's from a full-on side profile and around the back. Move around the front and it really just looks like a Toyota. The raked grille and molded lips in the front bumper are unexpected, as is the subtle sexiness of the wagon. Designed in France, the new Avensis grows a little over its predecessor by 5 cm in length and width. Under the hood, possibilities include three new Valvematic gasoline engines, and two diesels, while cogs can be swapped with a 6-speed manual or the dual-mode, Multidrive S automatic. Check out the exhaustive press release after the jump, and the high-res gallery of photos below.

[ Via: Autoblog (Toyota) ]
[ Tag: avensis, europe, european cars, EuropeanCars, paris 2008, paris motor show, Paris2008, ParisMotorShow, sedens, toyota, toyota avensis, toyota avensis sedan, toyota avensis wagon, ToyotaAvensis, ToyotaAvensisSedan, ToyotaAvensisWagon, wagons ]