Paris Preview: Toyota unveils new Avensis

Toyota will use the upcoming Paris Motor Show in October to unveil its redesigned flagship model for Europe, the Avensis. Think of it as the old country's version of the Avalon. Though we only have a rear 3/4 shot to go by, the new Avensis looks considerably more chunky than the current model, with a short deck lid, large rear tail-lights, a strong shoulder line and some interesting concave surfacing above the side sills. We don't know much else, other than that it will be offered with more powerful and cleaner engines when it goes on sale in Europe around January.
Toyota also announced that it will be bringing out the production version of its iQ city car and the Urban Cruiser for the Paris show. The Urban Cruiser is basically a ruggedized, soft-roading version of the Scion xD, while the iQ is based on the concept of the same name that debuted at the Frankfurt Motor Show in 2007.

[ Via: Autoblog (Toyota) ]
[ Tag: paris motor show, paris-motor-show, ParisMotorShow, toyota avensis, toyota-avensis, toyota-iq, toyota-urban-cruiser, ToyotaAvensis ]

Maximum Bob: No plug-in hybrid race between GM, Toyota

The attention of the hybrid technology universe has been focused firmly on two vehicles: the Chevy Volt and the plug-in Prius. On the surface, these two vehicles are primed to be big-time competitors in the battle for mpg-conscious buyers. Not so, says the king of quote, Maximum Bob Lutz. According to Mr. Lutz, the two vehicles are very technologically different. Toyota also says that a plug-in Prius will be in production in 2009, a full year ahead of the Volt. Lutz hypothesizes that the Prius plug-ins will be available only to select fleets and not in large scale production, and the GM Vice Chairman says that the Volt will be available as part of a large test fleet in late 2009, as well.
We agree that the Volt and Prius are technologically different, but we're pretty sure the two vehicles will be competing for the same buyers. After all, Americans are calling for more fuel efficient vehicles and don't care if one's a plug-in parallel hybrid that runs on nickel-metal hydride batteries and the other is a series hybrid with lithium-ion batteries and a "range extender". They just care about whichever one can go further on a drop of fuel.

[ Via: Detroit News ]
[ Tag: bob lutz, BobLutz, chevy volt, ChevyVolt, plug-in hybrid, Plug-inHybrid, prius, toyota prius, ToyotaPrius ]

Rumormill: Lexus LF-A... Stillborn?

The writing has been on the wall for some time. Although the Lexus flagship graduated from "concept" to "prototype" when it campaigned in the 24 Hours of Nurburgring, Toyota has refused to even hint at a production date for the V10 supercar. Then Toyota declined to plonk an LF-A silhouette on their Super GT racer, electing to continue with the doomed SC 430 jello mold.

Then news broke that production cars would cost a whopping $225,000, but the LF-A still wouldn't turn a profit. Needless to say, Toyota doesn't like things that are not profitable.

Finally, members of the testing and development crew who have been putting the car though its paces in Germany, as well as test drivers from rival Honda and Nissan crews, have told Autoblog that the LF-A is not destined for the showroom, and will remain only a development platform.

No reasons were given, but we can think of a couple. How many people are willing to part with nigh on a quarter of a million bucks for a Toyota/Lexus? Also, the world's most prolific car maker may not be willing to join the current Nurburgring pissing contest unless it is 100% sure that they can beat the Viper, ZR-1 and perhaps more importantly, the GT-R and upcoming NSX replacement.

Actually, one 'Ring test driver didn't mind going on the record with his opinion. Former Nissan racer, NSX development driver and Nurburgring legend Motoharu "Gan-san" Kurosawa reckons, "Toyota are good at making money, but they're no good at making sports cars."

[ Via: Autoblog (Toyota) ]
[ Tag: breaking, cancel, cancelled, dead, lexus, lexus lf-a, lexus lfa, LexusLf-a, LexusLfa, lf-a, lfa, Toyota ]

Toyota cuts sales forecast almost 7%

Last September we told you of Volkswagen's plan to overtake Toyota in global sales by 2015. Some Autoblog staffers giggled at the prospect. That was before Toyota reported a 39% drop in profit and began writing down leases, and long before today's news of the Japanese automaker reducing its sales goal for 2009 by almost 7%. Instead of the 10.4 million vehicle sales it predicted for 2009, Toyota says it now may only sell 9.7 million.
While 7% may not sound like a big reduction, consider that Toyota has seen steady growth since its founding in 1934, and any drop is a big deal. Last month, Toyota reported an 18% drop in sales from last July, while VW posted a 4% drop. If those sales rates continue, VW's goal of total domination should be much easier to attain.

[ Via: Reuters ]
[ Tag: automotive sales, AutomotiveSales, toyota, toyota sales, ToyotaSales, volkswagen sales, VolkswagenSales, volkswgen ]

Toyota tops GMAC as the biggest U.S. auto lender

Toyota Financial Services recently leaped over GMAC Financial services to take the lead as the biggest U.S. auto lender in terms of loan and lease contract volume. The study by AutoCount (a unit of the Experian Automotive company) estimates that Toyota captured 6.35% of the market from January through June, while GMAC had 6.2% for a close second place. Rounding out the top five were Chase Auto Finance, American Honda Finance, and Ford Credit (in that order).
As GMAC has made major cutbacks in leasing over the summer, many industry experts expect Toyota to hold its lead through the end of the year. A spokesperson from GMAC was quick to point out that the study did not include two wholly owned subsidiaries: Nuvel Credit and National Auto Finance. When those two companies are included, GMAC's share increases to 6.72 percent -- effectively placing them at the top again. While the automakers battle for the title position, the independent banks are the ones to watch. They've been steadily increasing their lending share as the Detroit 3 struggle with the rising costs of funds and declining credit ratings.

[ Via: Automotive News ]
[ Tag: AutoCount, Biggest, biggest U.S. lender, BiggestU.s.Lender, Experian, first place, FirstPlace, gmac, gmacfinancial, lease, loan, Toyota Financial Services, Toyota Financing, ToyotaFinancialServices, ToyotaFinancing ]

The most obnoxiously tuned Toyota Prius... Ever

Click above to view video after the jump
We truly do appreciate the custom-car scene, in all of its various guises. There is, however, a problem with the custom Prius you see above and in the video embedded after the break. Generally speaking, the goal of modifying a car is to either A) make it go faster or B) make it look better.
When Classe Gustafson, Elvis Häggbom and Kenny Kyrk from Sweden had finished spending $184,000 customizing a Toyota Prius, they had accomplished neither. This Prius-trocity, which was modified for a television show, is anything but subtle. It lost two doors during its transformation from mild-mannered hybrid eco-mobile to whacked out sport compact that just happens to get good fuel economy, though it did get scissor-style portals that are nearly impossible to open in the process. And it also gained a huge honkin' stereo and the body-kit from a Volvo SUV. The over-the-top paint-job is the final touch. The Hybrid Synergy Drive powertrain, however, went untouched save for the obligatory fart-can exhaust. Nice.

Extreme Toyota Prius

[ Via: Wired ]
[ Tag: Classe Gustafson, ClasseGustafson, custom prius, CustomPrius, Elvis Hggbom, Kenny Kyrk, modified prius, ModifiedPrius, sweden ]

Toyota refuses to lay off workers, but has great flower beds

Toyota is struggling to sell trucks and SUVs like everyone else, but unlike the competition, no full-time workers from stalled factories are getting laid off. The 4,500 workers at idled plants are instead bettering themselves through eduction by taking classes on safety, diversity, and Toyota history. They're also doing community service while on the clock and even some gardening. The workers will be learning how to work faster and smarter during the down time, and are even being shifted to busier plants on a temporary basis to help plants that are working beyond capacity to keep up with demand.
Toyota's plan to keep its workers busy at all costs isn't cheap, as about $50 million is being spent to keep workers busy with training programs. Of course, you can't please everyone and the plan isn't sitting well with all of Toyota's workforce, as workers at running factories don't like the fact that laid off workers are getting a leg up on training. A more skilled plant could have an advantage over others in getting earmarked for future products, so unaffected workers also want the extra training.
While expensive and a bit of a logistics nightmare, Toyota's plan is a good one if you can afford it. It should help create a more loyal, better trained workforce that also forges ties with the surrounding community. We bet Toyota hopes it will prevent any talk of unionizing, as well. And with Toyota's record profits over the past few years, $50 million is a drop in the corporate bucket.

[ Via: Automotive News ]
[ Tag: layoffs, toyota, Toyota san antonio truck plant, toyota workers, ToyotaSanAntonioTruckPlant, ToyotaWorkers ]