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Toyota has opened its new headquarters in North America, and the grand opening ceremony featured aerial dancers twirling atop polarized glass high above the 100-acre campus in a carefully choreographed mix of precision and risk. It was a fitting tribute to Toyota's $1 billion bet to uproot thousands of workers from techie California to a Texas city whose name means "a flat place" for its barren terrain. The logic of nestling the regional home of one of the world's dominant automakers amid Plano's headquarters row of financial institutions and insurance companie...
Toyota dealers have been crying for more Tacomas and now they'll finally get some relief. The Japanese automaker has struggled to crank out enough of the segment-leading midsize pickup at its Texas and Mexico factories, even with years of overtime. Now, thanks to the partnership announced last week with Mazda, Toyota North America CEO Jim Lentz is prepared to turn on the spigot to fend off midsize pickup challengers. Toyota will build a $1.6 billion U.S. auto plant at a site to be chosen in a 50-50 partnership with Mazda that nets each of them 150,000 vehicles a year in addition...
As automakers are doing their best to get rid off too much inventory, buyers can expect sweeter deals on small and mid-size cars. This July wasn’t expected to be a good month for US car sales but at the same time, the data are not so bad. Overall auto sales fell 7% from a year earlier to 1.42 million vehicles. Buyers will eventually have fewer choices of passenger cars as automakers shift more of their engineering resources into crossovers, SUVs and pickups. Average discounts per vehicle rose 5% to about $3,600, compared with a year earlier. Meanwhile, transaction prices ...
When two automakers with lots of potential make an alliance there is no wonder that their sales get global. That’s exactly what happened after Japanese automaker Nissan Motor Co. and Renault SA of France got together. The automakers claimed the top rank for the first time, by beating perennial top-sellers Volkswagen, Toyota and General Motors. The Nissan-Renault alliance, which has included Mitsubishi Motors Corp. it acquired the Japanese automaker last year, sold 5,268,079 vehicles around the world in January-June. That was more than Volkswagen AG at 5,155,600, and Japan...
Automakers now can deploy up to 100,000 self-driving vehicles without meeting existing auto safety standards and bar states from imposing driverless car rules, this decision has been taken on Wednesday and approved by U.S. House panel. Representative Robert Latta, a Republican who heads the Energy and Commerce Committee subcommittee overseeing consumer protection, said he would continue to consider changes before the full committee votes on the measure, which is expected next week. The full U.S. House of Representatives will not take up the bill until it reconvenes in September after the ...