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Keyword: toyota

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  • General Motors vs. Toyota: A Fable

    12/07/2017 11:38:47 AM PST · by Strac6 · 42 replies
    email | Unk
    A Japanese company (Toyota) and an American company (General Motors) decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peak performance before the race. On the big day, the Japanese won by a mile . The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A management team made up of senior management was formed to investigate and recommend appropriate action. Their conclusion was the Japanese had 8 people paddling and 1 person steering, while the American team had 7 people steering and 2 people...
  • Bastian Solutions Investing $8M In Fifth Indiana Facility (Toyota-owned co. 87 "high paying" jobs)

    10/17/2017 1:30:28 AM PDT · by 2ndDivisionVet · 1 replies
    Business Facilities ^ | October 16, 2017
    Bastian Solutions will build a new manufacturing center in Westfield, IN, creating up to 87 new, high-wage jobs by 2020. The global systems integrator and consulting firm was recently acquired by Toyota Advanced Logistics, a subsidiary of Japan-based Toyota Industries Corporation. “Toyota Advanced Logistics and Bastian Solutions are honored to join the Westfield community, and we look forward to building a state-of-the-art manufacturing facility that will not only provide jobs but also become a catalyst for the local economy,” said Michael Romano, president of Toyota Advanced Logistics. “Toyota has a long history in Indiana, and we hope to utilize that...
  • Toyota to build $1.6 billion U.S. plant with rival Mazda: source

    08/03/2017 6:15:17 PM PDT · by Hojczyk · 41 replies
    Reuters ^ | August 3,2017 | David Shepardson and Joseph White
    WASHINGTON/DETROIT (Reuters) - Toyota Motor Corp (7203.T) and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers, and employ about 4,000 people when it opens in 2021, the person said on Thursday. A new auto plant would be a major boost to U.S. President Donald Trump, who campaigned on promises to boost manufacturing and expand employment for American...
  • Toyota develops robotic leg braces for older people

    04/13/2017 9:28:18 PM PDT · by BenLurkin · 10 replies
    bbc ^ | 13 April 2017
    The Welwalk WW-1000 system is designed for people with severe mobility loss in one leg, such as stroke patients. The motorised brace fits around the knee and lower leg, helping the wearer to bend and straighten the joint. ... "A system called Lokomat, which works on both legs, has been adopted by the NHS," he said. "There are similar systems in use in the Netherlands and the United States." These walking assist systems provide support for both legs, as this can help train the user to balance their weight and movement. "What is interesting here is the service model," he...
  • Toyota Announces $1.3 Billion Investment In Major Kentucky Plant

    04/10/2017 9:18:21 AM PDT · by kevcol · 15 replies
    Daily Caller News Foundation ^ | April 10, 2017 | Ted Goodman
    The money will be used to upgrade assembly technology at the Kentucky plant — the largest Toyota factory in the world. “This is more about job retention and setting up for the future,” Rick Hesterberg, a Toyota spokesman, told The Daily Caller News Foundation. “We’ve got 8,200 people working here and we build over half a million vehicles. We’re a thirty year old plant, and we needed the upgrades. The new technology will allow us to be much more flexible to adapt to market forces in the future.”
  • Trump wants Toyota to build new plants in US

    03/16/2017 3:28:39 PM PDT · by 2ndDivisionVet · 6 replies
    Nikkei Asian Review ^ | March 16, 2017 | Yuichiro Kanematsu
    AUSTIN, U.S. -- At a meeting with auto executives in Michigan on Wednesday U.S. President Donald Trump once gain asked Toyota Motor and rival carmakers to build plants in the country. Trump met with the heads of major automakers on a visit to the Midwest city of Detroit, Michigan, and nearby areas where many auto factories are located. The meeting also included officials from the automakers' labor unions. In a speech he gave in front of autoworkers after the meeting, Trump pledged to review fuel efficiency regulations that were tightened by Barack Obama's administration. The Obama administration was keen to...
  • Without mentioning Trump, Toyota announces plans to invest $600M, add 400 jobs to Indiana plant

    01/24/2017 5:29:38 PM PST · by 2ndDivisionVet · 6 replies
    The Japan Times ^ | January 25, 2017
    Toyota Motor Corp. said Tuesday it will invest $600 million and add 400 jobs at one of its U.S. plants, making the announcement a few weeks after U.S. President Donald Trump took aim at the Japanese automaker’s investments in Mexico. The project is part of Toyota’s plan to spend $10 billion on capital investments in the United States over the next five years, as announced on Jan. 9. The investment will be used for retooling, new equipment and cutting-edge technologies at its Princeton, Indiana, plant in order to manufacture an additional 40,000 Highlanders per year, Toyota said in a statement....
  • Toyota's $10bn US investment seen as nod to Trump

    01/10/2017 5:22:48 AM PST · by 2ndDivisionVet · 7 replies
    The Nikkei Asian Review ^ | January 10, 2017 | Kazuyuki Okudaira
    DETROIT, U.S. -- Toyota Motor will invest $10 billion in the U.S. over five years to produce new models and boost productivity, the company president announced Monday, amid growing pressure from President-elect Donald Trump to create jobs in America. President Akio Toyoda spoke to reporters at the North American International Auto Show here, where he unveiled the new Camry sedan. Toyota plans to begin manufacturing the new model in Kentucky by the end of the year. Highlighting employment efforts, he stressed that the Japanese automaker has 136,000 workers in the U.S. and has invested $22 billion in the country during...
  • Toyota announces $10 billion U.S. investment days after Trump warning

    01/09/2017 9:49:08 AM PST · by StormPrepper · 59 replies
    FoxNews ^ | January 09, 2017
    Chalk up another win for the president-elect? Toyota is set to make a $10 billion capital investment in the U.S. over the next five years, Toyota Motor North America chief executive Jim Lentz said during an interview at the Detroit auto show, Reuters reported.
  • An Angry Japan Responds To Trump's Toyota Taunts

    01/06/2017 10:20:13 AM PST · by SeekAndFind · 51 replies
    Zero Hedge ^ | 01/07/2017
    After Trump's Thursday morning twitter taunt targeted Toyota, when the President-elect warned Japan’s biggest carmaker that it will face heavy penalties if it chooses to make cars for the US market in Mexico, writing  "Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax", a tweet which sent shares of Japanese carmakers sliding on Friday with a 1.7% fall for Toyota, 2.2% for Nissan and 3.2% for Mazda, an angry Japanese government and corporate establishment pushed back against Trump’s criticism of...
  • Donald Trump goes after Toyota over Mexico manufacturing in latest battle with automaker

    01/05/2017 11:38:40 AM PST · by 2ndDivisionVet · 10 replies
    CNBC ^ | January 5, 2017 | Katie Little
    In Donald Trump's latest Twitter rebuke of an automaker, the president-elect threatened Toyota Motor on Thursday with a large border tax if it builds a new plant outside the U.S. The company's shares on the Nasdaq were slightly lower in afternoon trading following the message. (TWEET-AT-LINK) In response to Trump's tweet, Toyota said in a statement that the new Mexican plant will not cut its U.S. employment, adding that it "looks forward to collaborating with the Trump administration to serve in the best interests of consumers and the automotive industry." The threat about the Japanese automaker's planned new plant in...
  • Toyota agrees to $3.4bn rust dispute settlement in US

    11/13/2016 8:16:51 PM PST · by LibWhacker · 26 replies
    BBC ^ | 11/13/16
    The world's biggest carmaker, Toyota, has agreed to settle a US Federal class action for up to $3.4bn (£2.7bn). [...] That was based on a cost of about $15,000 per vehicle and inspection costs of about $90m, at $60 per vehicle. The Japanese carmaker Toyota admitted no liability or wrongdoing in the proposed settlement. [...] Under the terms of the agreement, Toyota will inspect the vehicles for 12 years from the day they were first sold or leased in order to ascertain if frames need to be replaced at company expense. They will also reimburse owners who previously paid for...
  • Massive Airstrike Leaves ISIS with About 120 Fewer Toyota Pickups

    07/05/2016 2:15:39 PM PDT · by nascarnation · 45 replies
    The Truth About Cars ^ | 7/5/2106 | Steph Willems
    It’s a well-known fact that Islamic State fighters enjoy using hardy Toyota pickups in their pursuit of cleansing the Middle East of people even slightly different from themselves, but they’ll need to restock after last week. Recent Allied military advances, including a huge, weeks-long push that liberated the Iraqi city of Fallujah, have ISIS on the run, and the U.S. Air Force’s best aerial hardware just caught a huge number of their vehicles making a break for it. The results, as Defense Department video of the strike shows, wasn’t pretty — for the insurgents or their trucks.
  • Toyota Issues Bond At A 0.001% Coupon, Japan's Lowest Ever

    06/07/2016 8:47:17 AM PDT · by Leaning Right · 15 replies
    Zero Hedge ^ | Jun 7, 2016 | Tyler Durden
    (snip) overnight a Toyota Motor unit sold yen bonds with the lowest coupon ever for a Japanese company. Toyota Finance Corp issued 20 billion yen ($186 million) of notes at a yield of 0.001%, according to a filing with the nation’s Finance Ministry. That’s the lowest coupon ever for a regular bond by a domestic company that isn’t backed by the government, according to data compiled by Bloomberg.
  • Extortion: Obama Race Nazis Shake Down Toyota For $22 Million

    02/11/2016 6:52:51 AM PST · by SeekAndFind · 6 replies
    IBD ^ | 02/11/2016
    As Obama's consumer watchdog agency kneecaps yet another car lender for payola for Democrat constituents, Hillary Clinton and Bernie Sanders pledge to double down on the monstrous abuses carried about by the agency. The five-year-old Consumer Financial Protection Bureau, now the single most powerful and least accountable federal agency in Washington, just put a $22 million hit on Toyota Motor Credit over more trumped-up racism charges. All told, the out-of-control agency has extracted more than $220 million from the auto finance industry, including major players Ally Bank, Honda and Fifth Third Bank. Several other lenders are under anti-bias investigation. The...
  • Toyota killing its Scion brand

    02/03/2016 8:46:26 AM PST · by C19fan · 53 replies
    Fox News ^ | February 3, 2016 | Staff
    Toyota is committing corporate filicide. The automaker has announced that it is killing its youth-oriented Scion brand and transitioning the models currently sold by the division to Toyota in August. Scion was launched in 2002 in an effort to attract younger car buyers to the Toyota fray, and was successful at that. Its average customer age of 36 is the lowest in the automotive industry, but its overall sales peaked at 173,034 in 2006 and were just 56,167 last year.
  • Toyota discontinues Scion after years of slumping sales

    02/03/2016 10:19:03 AM PST · by Olog-hai · 32 replies
    Associated Press ^ | Feb 3, 2016 11:32 AM EST | Dee-Ann Durbin
    Toyota is killing its Scion brand after years of slumping sales. Beginning in August, 2017 model-year Scion vehicles will be rebadged as Toyotas. The FR-S sports car, iA sedan and iM 5-door hatchback, as well as the C-HR, which recently debuted at the L.A. Auto Show, will be a part of the Toyota line-up. The tC will have a final release series edition and end production in August, according to Toyota Motor Corp. Scion was formed in 2003 to attract younger buyers. [...] But there were multiple problems. The Millennials that the Scion was aiming for held back on big...
  • The future of the automobile is being reshaped in California

    11/19/2015 6:51:57 AM PST · by SeekAndFind · 15 replies
    Los Angeles Times ^ | 11/19/2015 | Jerry Hirsch
    Within walking distance of Tesla Motors' Palo Alto headquarters and across the street from Hewlett-Packard, Ford Motor Co. has set up a new Silicon Valley outpost. With a team of 100 reporting to a former Apple engineer, the Detroit giant is researching how humans experience machines, running autonomous-vehicle driving simulations and testing software that examines how bicycles and cars interact. "For 100 years, automobiles have been a mechanical engineering industry," said the center's director, Dragos Maciuca, who on his morning commute drives past a nearby research center of German automotive electronics and parts supplier Bosch. "Now, there is the shift...
  • Toyota aims to nearly eliminate gasoline cars by 2050

    10/15/2015 2:34:20 PM PDT · by SeekAndFind · 33 replies
    Fox News ^ | 10/15/2015
    Toyota, under ambitious environmental targets, is aiming to sell hardly any regular gasoline vehicles by 2050, only hybrids and fuel cells, to radically reduce emissions. The automaker promised to involve governments, affiliated companies and other "stakeholders" in its push to reduce average emissions from Toyota cars by 90 percent by about 2050, compared with 2010 levels. Electric cars weren't part of their vision, outlined by top Toyota Motor Corp. officials at a Tokyo museum on Wednesday, striking a contrast with rivals such as Nissan Motor Co., which has banked on that zero-emissions technology. Toyota's commitments come at a time when...
  • Where did ISIS get all those Toyotas? US Treasury investigates.

    10/14/2015 6:59:54 AM PDT · by Enlightened1 · 67 replies
    Christian Science Monitor ^ | 10/07/15 | Annika Fredrikson
    While Toyota’s own figures show a tripling of sales of the Hilux in Iraq during 2013, US authorities are also investigating other sources from which the cars could have originated, as part of a broader effort to “prevent Western-made goods from ending up in the hands of the terror group.” But the US has, in fact, knowingly exported Toyotas that could now potentially be in the terrorist group’s fleet. In April 2014, a report published by Public Radio International announced that US State Department aid sent to Syrian rebels included 43 Toyota trucks. At the time, the Hiluxes were meant...