Tag: toyota

Toyota dealers nonetheless want compact pickup to take on Maverick

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The comparison is not shed on Steve Gates, the current chairman of the Toyota National Dealer Council, and dealer principal of Gates Car Family, a group of 11 rooftops in Kentucky, Tennessee and Indiana that involves 3 Toyota shops as perfectly as a Ford keep. An unabashed Toyota enthusiast — Gates has been advertising Toyotas in Kentucky due to the fact he was 18 — he is been asking for a compact Toyota pickup “considering the fact that back again in the Jim Press times,” he reported, referring to the longtime brand name govt who still left the company in 2007. And now that Gates has seen what Maverick has done at his very own Ford store, he is even additional confident.

“We’re totally marketed out of Maverick, and we are bought out as far as we can perhaps see, and it hasn’t affected Ranger or F-150 a person little bit,” Gates claimed. “The top quality small truck is Toyota’s DNA. We listen to all the time, quite a few periods a 7 days, tales of persons who had more mature Toyota trucks, just before those trucks even experienced a identify, and they long for an additional smaller Toyota truck. I believe the quantity chance is huge, devoid of influencing Tacoma and Tundra income.”

Gates stated he and other members of the supplier council’s product or service committee have produced the request formally.

Toyota’s first pickup in the U.S. was the Toyota Stout in the mid-1960s. For 20 a long time, all of its compact pickups had single-row seating, typically a bench seat, and a little mattress. It wasn’t until finally the fifth-technology Toyota pickup debuted in 1989 that the manufacturer supplied any storage or seating room behind the front row seats.

Danny Wilson, supplier principal at Wilson Toyota of Ames in Iowa, who preceded Gates as dealer council chairman, claimed a unibody compact pickup would be a “fantastic participate in on the heritage of Toyota” as properly as supplying dealers an additional product or service to market.

“The tiny pickup truck? That is the place matters started off for Toyota,” stated Wilson, who’s also on the product or service committee.

“I feel that would be sort of a great way of thinking. It really is usually worked well when we have gone back to our roots. What we think is previous, the up coming technology thinks is new and awesome.”

Wilson cautioned, having said that, that these a truck would have to be up to date. “There’s bought to be a minimal little bit of utility to it it are not able to be just a two-seater with a bed.”

He stated Toyota’s platform technique would allow for supplemental flexibility that was not there historically.

“I consider with the new platforms and the way they are accomplishing production, with the way it’s established up, they can switch the faucet up and down to get it exactly where it needs to be from a production standpoint,” if it really is

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Toyota to construct Ascent-sized Subaru EV in Kentucky, sources say

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Like the bZ5X, it is predicted to get its batteries from the plant that Toyota has under design in Liberty, N.C., which is scheduled to commence creation in 2025. The last assembly place and battery sourcing may perhaps allow for each automobiles to qualify for the total $7,500 federal tax credit rating for purchases under the Inflation Reduction Act, which neither the bZ4X or Solterra do.

With those people lesser crossovers, Toyota led on production while Subaru contributed its off-street prowess. The joint improvement and manufacturing strategy provides Subaru a larger EV even though letting it to carry on to run at major velocity its U.S. assembly plant in Lafayette, Ind., exactly where the scaled-down Japanese automaker builds the ICE-run Ascent, Outback and Crosstrek crossovers and Legacy sedan.

A spokesman for Subaru of The united states declined to comment. A spokesman for Toyota Motor North America also declined to remark.

Mother or father organization Subaru Corp., during an early Wednesday midterm meeting with analysts and journalists, dedicated to introducing long term EV output in the U.S., but would not affirm certain types or manufacturing sites.

Subaru CEO Atsushi Osaki stated Subaru was even now thinking about its technique.

“As a make any difference of study course, we have been collaborating with Toyota on BEVs for a long time,” Osaki stated. “So, we will make use of that know-how in producing BEVs. We have nevertheless to take into account regardless of whether the two organizations will jointly manufacture BEVs in the U.S.”

Toyota owns about 20 % of Subaru, which retains a .3 % stake in Toyota.

Retooling Toyota’s 9-million-square-foot Georgetown assembly plant for the two EVs is part of a $461 million investment introduced in 2021. Employees at the complex make the Camry, Camry Hybrid, RAV4 Hybrid and Lexus ES, as perfectly as four- and 6-cylinder engines. Generation of hydrogen gas cell drivetrains for hefty-obligation trucks is established to get started in December. Creation of the ES will be phased out from Georgetown in 2025 the luxury sedan will carry on to be crafted in Japan.

Toyota has declared investments of $5.9 billion in its nascent North Carolina battery plant, where by it will function six battery generation traces, 4 for hybrid motor vehicles and two for electric powered autos.

Toyota strategies to launch 10 EV products globally by 2026 and has stated it would invest far more than $37 billion in EV advancement and generation by decade’s end.

Hans Greimel contributed to this report.

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Toyota claims battery breakthrough in possible raise for electric powered autos | Automotive marketplace

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Toyota says it has created a technological breakthrough that will enable it to halve the body weight, sizing and charge of batteries, in what could herald a main progress for electrical cars.

The world’s 2nd biggest carmaker was previously pursuing a system to roll out autos with state-of-the-art solid-condition batteries, which offer you added benefits compared with liquid-centered batteries, by 2025.

On Tuesday, the Japanese corporation stated it had simplified production of the content employed to make them, hailing the discovery as a sizeable leap ahead that could substantially reduce charging periods and boost driving assortment.

“For both equally our liquid and our reliable-condition batteries, we are aiming to significantly adjust the situation where current batteries are as well major, weighty and highly-priced,” reported Keiji Kaita, president of the Japanese car firm’s investigate and growth centre for carbon neutrality. “In phrases of possible, we will aim to halve all of these elements.”

David Bailey, a professor of small business economics at the University of Birmingham, stated that if Toyota’s promises have been established, it could be a landmark minute for the long run of electrical automobiles.

“Often there are breakthroughs at the prototype stage but then scaling it up is tough,” he said. “If it is a legitimate breakthrough it could be a gamechanger, quite substantially the holy grail of battery automobiles.”

Kaita explained the firm had produced methods to make batteries far more sturdy and thought it could now make a solid-point out battery with a array of 1,200km (745 miles) that could charge in 10 minutes or much less.

The organization expects to be able to manufacture solid-state batteries for use in electric automobiles as shortly as 2027, in accordance to the Financial Occasions, which very first noted on Toyota’s claimed breakthrough.

Solid-condition batteries have been broadly viewed as a possible gamechanger for electric cars, promising to decrease charging instances, enhance capacity and reduce the fire hazard associated with lithium-ion batteries, which use a liquid electrolyte.

Nonetheless, solid-condition batteries have commonly been harder and costlier to make, limiting their commercial software.

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Toyota of Orlando Archive Site

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Toyota of Orlando Archive Page

**This is a sponsored posting by Toyota of Orlando**Toyota of Orlando Information Short article ArchivePlan your subsequent holiday break street trip in a 2023 ToyotaPlan your upcoming holiday getaway highway journey in a 2023 Toyota Toyota of Orlando describes: Are electric cars and trucks actually improved for the ecosystem?What you need to know about electric auto charging time Are you in a position to program Lexus service at a Toyota dealership? What we enjoy about the 2023 Toyota Camry InteriorAre electrical cars and trucks seriously far better for the surroundings?Toyota of Orlando’s recommendations for checking car entire body repairsIs the motor vehicle shortage impacting Toyota of Orlando?Blind spots: What you ought to knowHow does an electric vehicle stand out from a plug-in hybrid or a hybrid motor vehicle?Why are Toyota Certified Used Cars this kind of well-liked solutions? What to know about TRD in 2022 The Toyota Hybrid Method: How does it differ from product to product? Automobile treatment strategies for guarding your backseat from kidsTips for obtaining rid of your previous car or truck Toyota ideas: How to have a risk-free and delighted HalloweenTotal decline just after a automobile incident: What does it necessarily mean? Toyota of Orlando to welcome the 2022 Toyota Tundra this fallDid you do off-roading hurt to your automobile? What are the most tough car maintenance careers for your motor vehicle? Toyota of Orlando points out how to store for motor vehicle tires Do you know how to offer with automobile coverage just after a vehicle accident?Toyota of Orlando’s again to college suggestions for teenager driversHave you ever viewed a Toyota GR Supra fly? Skipping these 5 automobile solutions can expense you 2022 Toyota Corolla Cross coming to Toyota of Orlando Should you travel your automobile soon after a car incident?Six methods to put together your journey for summer with easy automobile careToyota of Orlando’s recommendations for driving a adhere change carToyota of Orlando’s swift manual to car or truck insuranceToyota of Orlando describes how to deal with pollen seasonToyota of Orlando explains ethanolToyota of Orlando delivers six suggestions for a superior early morning commuteHow lengthy will your new Toyota very last? Make your car or truck last extended with these auto routine maintenance tipsBuild an emergency roadside kit with Toyota of OrlandoToyota of Orlando’s major recommendations for driving on the beachToyota of Orlando talks summer months driving safetyIs all-wheel travel a fantastic expense for your up coming Orlando Toyota?5 ideas to prep for your spring break road journey Be a far better protected driver with these 7 strategies5 causes you ought to in no way skip your take a look at travel8 recommendations to give your new teenager driverGet to know Jessica Reyes with Toyota of OrlandoOur automobile provider techs clarify how cold weather influences your automobile Deliver your faculty university student off with this car servicing checklistToyota of Orlando talks: What is Toyota Security Feeling P?Toyota of Orlando talks vehicle noises

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Toyota unveils sweeping plans for new battery tech, EV innovation

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TOKYO, June 13 (Reuters) – Toyota (7203.T) will introduce substantial-effectiveness, sound-point out batteries and other technologies to improve the driving array and minimize expenses of potential electrical cars (EVs), the automaker stated on Tuesday, a strategic pivot that sent its shares higher.

The Japanese giant’s technologies roadmap, covering elements as various as future-era battery advancement and a radical redesign of factories, amounted to the automaker’s fullest disclosure of its prepare to contend in the quick-escalating industry for EVs wherever it has lagged rivals led by Tesla (TSLA.O).

The approach comes a day before an yearly shareholders assembly where governance and system – such as a sluggish pivot to battery EVs beneath former CEO Akio Toyoda – will be scrutinised.

Shares of the world’s very best-providing automaker jumped 5% on the working day to 2,173 yen, the highest due to the fact August.

Toyota claimed it aims to launch future-technology lithium-ion batteries from 2026 presenting longer ranges and quicker charging.

It also trumpeted a “technological breakthrough” that addresses sturdiness problems in stable-state batteries and reported it is acquiring implies to mass create those batteries, focusing on commercialisation more than 2027-2028.

Sound-state batteries can keep additional energy than latest liquid electrolyte batteries. Automakers and analysts hope them to speed transition to EVs by addressing a main customer worry: selection.

Still, this kind of batteries are expensive and most likely to keep on being so for yrs. Toyota will hedge with better-undertaking lithium iron phosphate batteries, a cheaper choice to lithium-ion batteries that have spurred EV adoption in China, the world’s biggest car current market.

At the higher conclusion of the market, Toyota reported it would develop an EV with a more successful lithium-ion battery supplying a vary of 1,000 km (621 miles). By comparison, the very long-range model of the lithium-ion-run Tesla Design Y, the world’s best-offering EV, can generate for about 530 km based mostly on U.S. specifications.

An EV run by a sound-point out battery would have a range of 1,200 km and charging time of just 10 minutes, Toyota stated. By comparison, the Tesla Supercharger network – the largest of its form – offers the equal of 321 km of demand in 15 minutes.

Toyota did not element anticipated prices or needed financial investment for the ideas.

Engineers at the automaker have been considering a reboot of its EV strategy considering that last calendar year to greater compete.

A Toyota EV auto is observed at the Bangkok International Motor Exhibit in Bangkok, Thailand, March 30, 2022. REUTERS/Soe Zeya Tun

The roadmap specific on Tuesday showed that beneath new CEO Koji Sato, Toyota has adopted considerably of the revamp that engineers and planners have been developing as selections for months.

That incorporates use of electric powered-axle and other technology from suppliers these as Aisin (7259.T) and Denso (6902.T).

“What we want to obtain is to change the future with BEVs,” Takero Kato, president of new Toyota EV device BEV Manufacturing unit, stated in a online video posted on the automaker’s

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Morgan Automotive Team buys Toyota car or truck dealership in Florida

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“We are preserving all people in their place carrying out what they’ve been performing,” Morgan stated.

Kevin Nill, controlling director of Fort Lauderdale buy-provide agency Haig Associates, represented Hendrickson Jr. in the transaction.

The Hendrickson relatives opened their only dealership in 1989, according to Nill. Al Hendrickson Jr. purchased the shop from his father decades in the past.

“Al was looking at whether he preferred to improve the organization or if now is the appropriate time for him to go ahead and offer and established his household up for foreseeable future opportunities,” Nill instructed Automotive Information. “And eventually, he made that conclusion to go in that way.”

Nill claimed the sale offered an opportunity that doesn’t occur frequently.

“You have one of the most appealing franchises, one particular of the best-quantity dealerships in the country in a person of the most attractive marketplaces,” Nill said. “It undoubtedly made a lot of powerful need for it, so it was a pleasurable transaction to do the job on.”

The dealership sold 9,221 new cars and a lot more than 2,500 used autos in 2022, according to Haig Partners. The new-auto product sales whole created it the second-best quantity Toyota supplier in the state based mostly on new-auto income in 2022 and the greatest quantity dealer for the franchise in the Southeast area for the same time period, according to a Toyota Motor North The united states spokesperson.

Whilst Nill and Morgan declined to disclose the revenue selling price, Nill claimed “we’re extremely, really self-confident that it properly exceeds the previous history for a solitary-shop sale.”

Haig Partners previously instructed Automotive Information that it considered Group 1 Automotive Inc.’s March 2022 buy of Charles Maund Toyota in Austin, Texas, fetched the greatest total paid for dealership blue sky — the intangible worth of a dealership, such as goodwill — that it is familiar with of at $206.5 million. Haig cited a Team 1 regulatory submitting for the figure.

Morgan claimed the Hendrickson relatives ended up “to start with-class people” throughout the offer and that their groups shared similar philosophies in centering the persons — shoppers and employees — in their dealerships.

“The Hendrickson offer was a smooth transaction and that is the way we like them,” Morgan claimed.

Ideas for setting up a new facility are in the works, but the dealership name will continue to be, Morgan stated. Coconut Creek is north of Fort Lauderdale.

Tuesday’s transaction marks the fifth dealership additional this year to Morgan Automotive’s portfolio, adhering to the buy of its to start with Miami retail store in March and a few merchants in Leesburg and Fruitland Park, also in Florida, in April.

Just one of the country’s largest dealership groups, Morgan Automotive added 10 merchants in 2022, together with two Kia dealerships ordered from LMP Automotive Holdings Inc. in December.

Morgan Automotive owns more than 60 dealerships in Florida and ranks No. 8 on Automotive News’ checklist of the leading 150 dealership teams in the U.S., retailing

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