Toyota Motor, the Japanese auto giant, said Monday that it expected its first operating loss in 70 years. That would be the company’s first annual operating loss since 1938, a year after the company was founded, and a huge reversal from the 2.3 trillion yen, or $28 billion, in operating profit earned last year. continue reading...
Are Chrysler and Nissan setting the stage for a walk down the aisle?
Nissan Motor and Chrysler announced a deal Apr. 14 to build key vehicles for each other. Starting in 2010, Chrysler will assemble pickup trucks for Nissan using a unique body style designed by the Japanese automaker. At the same time, a Nissan plant in Japan will assemble a Chrysler compact car for the struggling U.S. company. continue reading...
When Ratan Tata visited the home of the designer Ralph Lauren last autumn, the two auto enthusiasts spent much of their time in the garage, admiring Lauren’s extensive car collection, including the Batmobile-esque, 1955 Jaguar XKD.Now Tata, 70, is poised to take over Jaguar itself.
Tata Motors said Thursday that it was entering detailed talks with Ford Motor about the acquisition of Jaguar and Land Rover, confirming what investors and analysts in India, Detroit and Britain have anticipated for months. Tata Motors said that it aimed to reach an agreement in upcoming weeks. continue reading...
More innovation from abroad…
TOYOTA MOTOR CORPORATION (TMC) announced today that it has developed a world-class driving simulator for effectively analyzing the driving characteristics of average drivers to aid in the development and verification of traffic accident-reducing active safety technology. continue reading...
See the cars in all of their glory on CNN. continue reading...
MARYSVILLE, Ohio, Nov. 1 /PRNewswire/ — The first Japanese auto plant to build a car in America(1) turns 25 today, marking a milestone that brought innovation to the U.S. auto industry and vaulted Honda (www.honda.com) to a leadership position. The 5,300 associates at Honda’s Marysville Auto Plant will not miss a beat as they spend the day building more than 1,800 cars and light trucks. Later this month, they will hit another milestone — production of the plant’s nine-millionth vehicle.
Associates recently launched the eighth-generation Honda Accord at the plant. The Accord was the plant’s first vehicle and it remains the plant’s core product. The U.S. is the most important market for the Accord by far, with sales of more than 300,000 units through September, mostly built in the Marysville Auto Plant. Nearly 80 percent of all Honda and Acura vehicles sold in America are built at one of Honda’s six auto plants in North America. continue reading...
TORRANCE, Calif., Oct. 31 /PRNewswire-FirstCall/ — Fifty years ago today, when tailfins defined the cutting edge of automotive styling and a handful of import auto companies struggled to sell 83,000 units, Toyota Motor Sales (TMS), U.S.A., Inc. began marketing quality cars and trucks in the United States.
TMS opened for business in America on October 31, 1957, in Southern California, and started selling cars the following summer. By the end of 1958, it had sold just 287 Toyopet Crown sedans and one Land Cruiser — a far cry from 2006 sales of more than 2.5 million cars and trucks. continue reading...
When I was walking around the showroom floor at Detroit’s NAIAS, everyone knew that Toyota would overtake GM as the world’s largest carmaker… it now looks like GM got back the lead:
General Motors, which fell behind Toyota in global sales for the first time in the first three months of this year, has edged narrowly ahead of its Japanese rival in terms of 2007 sales. continue reading...
You can drive this thing sideways?? Not sure if thats a good or bad thing… Read more at Engadget.com continue reading...
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