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Turning the latest generation of the production Toyota Camry into the NASCAR racing version required even more than the usual feats of styling and engineering that went into past transformations. First, the racer hit the track before the production car's launch (the 2018 Camry reaches showrooms this summer), so an extra layer of secrecy was added to the project. Both were unveiled in January at the Detroit Auto Show. Next, Toyota wants to get as much NASCAR bang for its buck. The brand is looking to take advantage of its racing sponsorships to highlight its move toward more spor...
Toyota Motor Corp. executive claims that the U.S. auto market has peaked and will shrink this year, with manufacturers using unprecedented incentives to support passenger cars through slumping demand. The president of Toyota’s U.S. sales unit, Bob Carter, says that industrywide deliveries may decline to as low as 17 million vehicles from last year’s record of about 17.5 million. A rapid shift in demand toward sport utility vehicles at the expense of sedans is the main factor driving automakers’ heavy discounts. Once the industry starts to get their pipelines lined ...
Starting with October 2016, the SUV segment started to account for roughly one in every three vehicles sold. The Nissan Rogue is driving the sales, and became the top-selling nonpickup in America. Sales of crossovers since 2012 have increased 58 percent to more than 5.6 million sold in 2016, while car sales during that time declined 7.8 percent. Crossovers accounted for 33.9 percent, or 1.4 million, of the 4 million vehicles sold in the first quarter of 2017. The growth of crossovers comes as car sales face double-digit declines this year and the industry experienced a 1.6-percent f...
Toyota Motor Corp. plans to invest $10 billion in the U.S. over the next five years, the same as in the previous five years. This will be made in order to meet demand and upgrade plants to build more fuel-efficient models. The Japanese automaker has come under fire by President-elect Donald Trump for its plans, announced in 2015, to shift production of its Corolla to Mexico from Canada. The decision was not in response to Trump's remarks made in a recent tweet, but was part of Toyota's business strategy to invest in the U.S., where it has 10 plants in eight states. Planning ...
America has its favorites when it comes to cars and it's Toyota Camry. Being a leader for 15 years, that is something any car maker would want for its cars. Exclude the pickups and trucks, and no one else can beat the Camry. The question you might have now is will it be able to keep the crown as it got redisigned? We've seen impressive sales of Toyota's RAV4 and Honda CR-V, since buyers are switching to more versatile SUVs and forget about passenger cars. The Camry, last reworked four years ago, has made a living by being a solidly reliable if dull ride for people who si...
