Toyota announced today that it has sold a total of 4 million hybrids around the world through April 2012. That’s pretty outstanding in the grand scheme of things. The Japanese automaker said that hybrid vehicles accounted for 15 percent of its global sales so far in 2012. The company currently sells 18 hybrid vehicles in [...]
According to a recent survey conducted by Consumer Reports, new car buyers are much more fuel-economy conscious than ever before – so much so that fuel-economy is now the no. 1 factor for most consumers when shopping for a new car. The survey found that 37 percent said their leading consideration when buying their next [...]
In BrandZ’s Top 100 Most Valuable Global Brands Study, BMW has overtaken Toyota as the world’s most valuable automotive brand. “As one of the great brands in the world, BMW has been absolutely consistent in the long-term regarding what is meaningfully different about their brand, in highly competitive market places,” said Peter Walshe, Millward Brown [...]
Toyota has confirmed that it will be boosting production of its V6 engines at its Huntsville, Ala. engine facility. The move brings an approximate $80 million investment and will bring total plant investment to more than $700 million. Toyota said the move will add 125 new jobs, increasing employment nearly 10 percent to 1,150. “We [...]
Earlier today we brought you the first details and images of the Toyota GT 86 Race Car that will be running at the Nurburgring 24 Hour Race. Toyota’s in-house tuning and engineering firm GRMN (Gazoo Racing Masters of Nurburgring) have now revealed details of their version of the GT 86 race car that will also [...]
Gazoo Racing and Toyota Motorsport will be fielding both Lexus and Toyota models to compete in this weekend’s Nurburgring 24 hours. Gazoo Racing already won two shorter races at Nurburgring this season with the LFA, which is one of the models that will be competing this weekend n the SP8 class. Joining the LFA will [...]
Toyota and General Motors have always been at battle for being the world’s largest automaker. Toyota lost the title to General Motors last year after being the world’s largest automaker from 2008 to 2010. It has now once again gained the title as it beat out the Detroit automaker in global auto sales in the [...]
Toyota has picked up and put down this project for quite some time, but once again the idea of a successor to the Supra has been revived. It seems this one may actually be making it to production, since Toyota’s line up is in serious need of a sports model. Back in 2007, Toyota unveiled [...]
Toyota has finally unveiled the all-new all-electric Toyota RAV4 EV. Working with Tesla Motors, Toyota has the intent to bring the vehicle to market in 2012 with a starting price tag of $49,800. The Toyota RAV4 EV will be sold fully-equipped. “It’s all about blending the best of two worlds,” said Bob Carter, group vice president [...]
Lexus wants to be known more than just a dependable luxury brand or an upgraded version of a Toyota. The company is aiming to take on Mercedes-Benz and BMW head-on and realizes that it will have to further distance itself from its parent company. Things are looking good for Lexus so far – with a [...]
