Car Chute » Toyota

Toyota Kenya to set up 2 more plants

Auto Buff — Tue, 29 Nov 2011 07:14:30 +0000

NAIROBI (Xinhua) — Toyota Kenya said on Monday it will to set up two production facilities in the country as part of its strategy to increase its market share in the east African nation.

Toyota Kenya Managing Director Hylton Bannon said the company will start assembling the Hilux pickup in a bid to lower the duty paid for imported vehicles, which would also reduce their overall cost per unit in the country making it more affordable. “By bringing production facilities to Kenya, we will lower our costs and it will enable us to be a lot more competitive,” Bannon said, adding that the Japanese car market currently enjoys 26 per cent of market share and is eyeing 27 percent in 2012 through enhanced marketing.

The auto dealer which is a subsidiary of Japan-based Toyota company also wants to start importing Hino Trucks in the country.

Bannon said by enhancing that line of business, the car manufacture would ensure it is able to register high sales volumes as well improve customer experience. “Our aggressive, cost management process will ensure that we keep everything in control during this period but at the same time grow our sales volumes. The whole of Toyota’s global objective is to ensure the customer has the best user experience and we would like to enhance that in the used car business,” he said.

Bannon said the company which opened a new branch in Nairobi aimed at expanding its footprint in the country by bringing services closer to the people will ensure customers accessing their services and other products along Uhuru Highway avoid heavy traffic hence reduce fuel cost and time spent.

The 2 million U.S. dollars Toyota showroom is in Westlands in Nairobi and the company plans to open another one in the Gigiri town, about 100 km southwest Nairobi, bringing its total number of outlets to 10.

Toyota Kenya is on an aggressive expansion strategy to bring its services closer to customers across the country with branches and dealerships planned for growing economic centers.

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Toyota Motor Corporation Adopts Advantest’s T2000 SoC Test Platform

Auto Buff — Mon, 21 Nov 2011 23:30:33 +0000

TOKYO–(BUSINESS WIRE)– Advantest Corporation (TSE: 6857, NYSE: ATE) today announces that Toyota Motor Corporation has adopted the company’s T2000 IGBT (Insulated Gate Bipolar Transistor) Test Solution. The selection by Toyota, the world’s leading automobile manufacturer, further affirms Advantest’s leadership position in the competitive marketplace for cost-effective, reliability test of IGBT power devices, now widely used in automotive, consumer electronics and other applications.

Semiconductors are being used in increasing numbers to enhance automotive performance in areas ranging from engine control and navigation, to communications, safety and convenience. Most recently, owing to the increasing popularity of hybrid and electric automobiles, mixed-signal devices and power management ICs are playing an even greater role in vehicle safety and intelligence, making device reliability and cost a preeminent concern for car manufacturers. Advantest’s T2000 IGBT test solution answers this call with its high-precision, mixed-signal architecture, superior reliability, and the cost-of-test advantages afforded by its multi-DUT parallel test technology.

The modular and flexible T2000 SoC test platform offers the industry’s highest levels of parallel testing capabilities for the broadest range of SoC devices including: graphics processors, MCUs, RF SoC, cellular RF, baseband, power management and audio/video devices. Capable of addressing the unique requirements of today’s complex microprocessors as well as consumer and wireless devices, the T2000 offers multi-function and high-channel density digital, analog, DC and RF instrumentation and the scalability from low to higher performance SoC device test requirements with industry leading cost of test advantages

About Advantest Corporation

A world-class technology company, Advantest is the leading producer of automatic test equipment (ATE) for the semiconductor industry and a premier manufacturer of measuring instruments used in the design and production of electronic instruments and systems. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also focuses on RD for emerging markets that benefit from advancements in nanotech and terahertz technologies, and has recently introduced critical dimension scanning electron microscopes essential to photomask manufacturing, as well as a groundbreaking 3D imaging and analysis tool. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. More information is available at www.advantest.com.

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Toyota Marks 25 Years of Manufacturing Autos in Canada

Auto Buff — Mon, 21 Nov 2011 23:30:28 +0000

Toyota City, Nov 21, 2011 (JCN Newswire via COMTEX) –
Toyota Motor Corporation (TMC) announces that Toyota Motor Manufacturing Canada Inc. (TMMC), TMC’s vehicle manufacturing subsidiary based in Canada, held a ceremony in Ontario on November 17 (local time) to mark 25 years of operations.

The ceremony was held at the Waterloo Region Museum with Minister of State for Science and Technology Gary Goodyear, Ontario’s Minister of Economic Development and Innovation Brad Duguid, other government officials, business partners and TMC President Akio Toyoda in attendance. At the event, TMC President Akio Toyoda said that TMMC, which is dedicated to quality and innovation, has become one of Toyota’s largest manufacturing operations in the world thanks to outstanding support from business partners, Toyota team members and government. He went on to propose a toast to continued mutual success for Toyota and its partners in Canada.

TMMC also marked the anniversary by donating 10 “RAV4″ vehicles to local community groups.

TMMC’s Cambridge Plant manufactures the Toyota “Corolla”, the Toyota “Matrix” and the Lexus “RX 350″, while the Woodstock Plant manufactures the Toyota RAV4. Cumulative production of both plants has surpassed 4 million vehicles.

This year, Cambridge Plant’s high quality won it the J.D. Power Platinum Plant Quality Award. An award-presentation ceremony, held at the plant’s Lexus line on November 18, was attended by Toyota Motor Engineering Manufacturing North America, Inc. President Shigeki Terashi, Toyota Motor North America, Inc. President Yoshimi Inaba and approximately 800 Lexus-line employees.

Overview of Toyota Motor Manufacturing Canada Inc. (TMMC) Location Cambridge, Ontario, Canada President Brian Krinock Establishment January 1986 Plant name Cambridge Plant Woodstock Plant Land area Approx. 160 ha Approx. 400 ha Start of production November 1988 November 2008

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Camry 2012 and FT-86 shine at Jeddah motor show

Auto Buff — Sun, 20 Nov 2011 23:24:13 +0000

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Toyota Celebrates 25 Years In The Bluegrass

Auto Buff — Sun, 20 Nov 2011 23:24:10 +0000

Hundreds gathered at Keeneland to celebrate a milestone. 25 years
ago, Toyota came to the Bluegrass, bringing thousands of jobs.

Since 1986 the Toyota Motor Engineering Manufacturing plant
in Georgetown has rolled out nearly nine-million cars.

Former Governor Martha Lane Collins led the efforts to bring
Toyota to the Bluegrass, making it the first major plant in the
US.

“We didn’t know exactly what was going to happen,” says Former
Governor Collins. “We were really, really ready to take on the
world.”

The plant now provides more than 7,000 jobs to the Lexington
area. But Toyota’s impact doesn’t stop there.

“We not only wanted to do business here, but be a part of the
community. It was important for us to find ways to give back.”

In 25 years, Toyota has donated more than 52 million dollars to
organizations across the state.

“We’ve also provided numerous venues for our team members to go
out into the field and work with our non-profits,” says Wil
James, President of Toyota Motor Manufacturing Kentucky.

Toyota’s partnership with Kentucky remains strong for the future.

We’ve moved forward Kentucky and we’re still moving forward with
Toyota for another 25 years,” says Collins.

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UPDATE 3-Toyota, Nissan mull strategy shift on strong yen

Auto Buff — Sat, 19 Nov 2011 23:19:17 +0000

Thu Nov 17, 2011 11:30pm GMT

* Toyota may seek tie-ups akin to Ford hybrid truck deal

* Nissan CEO on yen: “Fix the exchange rate. Fix it.”

* Yen hit a record high against U.S. dollar in late Oct.

By Bernie Woodall and Nick Zieminski

Nov 17 (Reuters) – The strong yen is forcing Toyota Motor
Corp and Nissan Motor Co Ltd to consider
changes in production plans and alliance strategies, the top
executives of both Japanese automakers said on Thursday.

The yen, which hit a record high against the U.S. dollar in
late October, has undercut profits for Nissan and Toyota, which
both build vehicles in Japan for overseas markets.

To offset the strong yen, Toyota may “deepen alliances”
with suppliers and dealers, President Akio Toyoda said during
the opening of a Toyota plant in Mississippi that will build
Corolla cars now being manufactured in Japan.

At a separate event in New York, Nissan Chief Executive
Carlos Ghosn said the strong yen may force Nissan and other
companies to shift production outside of Japan.

“What’s taking place now is many projects are now basing
their manufacturing outside of Japan because they just cannot
survive with this 77 yen to the dollar and they have absolutely
no visibility they’re going to get out of (this),” Ghosn said
in a speech at the Japan Society in New York.

So far this year, the dollar has fallen more than 5 percent
against the yen . Since 2007, the dollar has tumbled more
than 35 percent against the yen.

The yen’s strength has raised questions about the rationale
of Toyota’s commitment to producing at least 3 million cars in
Japan each year. By contrast, Nissan has been more willing to
shift production abroad.

“We need just one thing,” Ghosn told the Japan Society in
New York. “Fix the exchange rate. Fix it.”

The soaring yen makes it cheaper for Nissan and Toyota to
buy commodities and potentially buy overseas assets. But it
also diminishes earnings from major auto markets such as the
United States.

Rather than buy companies outright, Toyota is more likely
to enter partnerships similar to one it entered earlier this
year with Ford Motor Co to build hybrid trucks and SUVs
and develop phone, navigation and entertainment systems, Toyota
Motor Sales President Jim Lentz said.

That deal will allow Toyota to tackle an area of vehicle
technology where it has lagged.

“We are not good at acquiring companies. We are bad at
doing that,”

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Toyota Motor Manufacturing Canada Celebrates J.D. Power Platinum Plant Quality Award

Auto Buff — Sat, 19 Nov 2011 23:19:13 +0000

Award signifies highest initial quality of any plant in the world

CAMBRIDGE, ON, Nov. 18, 2011 /CNW/ – Toyota Motor Manufacturing Canada (TMMC) celebrated its Platinum Plant Quality Award today at ceremonies in Cambridge, Ontario. TMMC’s Cambridge South Plant was recognized as the highest ranked plant in the world for initial quality in a tie with two other plants; one in the United States and the other in Japan . This year, 121 qualifying plants around the world were reviewed. This is TMMC’s first Platinum recognition.

Fin O’Neill, President, J.D. Power and Associates joined the award ceremony. During the presentation, Mr. O’Neill noted that, “The entire Cambridge facility, including both North and South lines, has received nine awards for manufacturing quality over time – more than any other Canadian plant in IQS history.”

The President of Toyota Motor North America , Yoshi Inaba also joined the ceremony, telling Cambridge Team Members, “You are the only plant to build Lexus vehicles outside of Japan . Now, you are the first Toyota plant outside of Japan to receive the Platinum Award.” He went on to say, “Your strong teamwork and commitment to quality is well-known within Toyota. Now, it is known around the world.”

TMMC President, Brian Krinock commented, “Customers do have a voice and that’s what makes this award so special. Our team members build each vehicle as they were making it for their own families. We will display this award with pride.”

TMMC Chairman, Ray Tanguay , has been with TMMC for 20 years. While speaking to Team Members, he reflected, “Twenty years ago I had no idea how high TMMC would climb or how successful we’d become.” He went on to tell them, “You have earned your place among the very best car manufacturing companies in the world.”

This is TMMC’s ninth J.D. Power Award for Initial Plant Quality. The nine awards are as follows:

Toyota Motor Manufacturing Canada currently manufactures the Toyota Corolla, Toyota Matrix, Toyota RAV4 and the Lexus RX 350 vehicles and has two plants in Cambridge, ON and one plant in Woodstock, ON. The company employs approximately 6,500 employees.

About Toyota:

For information about Toyota Motor Manufacturing Canada , visit www.tmmc.ca

For more information about Toyota products, visit www.toyota.ca

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Toyota Motor Down 20.5% Since SmarTrend Downtrend Call (TM)

Auto Buff — Fri, 18 Nov 2011 23:12:58 +0000

Nov 16, 2011 (SmarTrend(R) Spotlight via COMTEX) –
SmarTrend identified a Downtrend for Toyota Motor (NYSE:TM) on August 3rd, 2011 at $80.62. In approximately 4 months, Toyota Motor has returned 20.50% as of today’s recent price of $64.09.

In the past 52 weeks, shares of Toyota Motor have traded between a low of $63.53 and a high of $93.90 and are now at $64.09, which is 1% above that low price. The 200-day and 50-day moving averages have moved 0.35% lower and 0.48% lower over the past week, respectively.

Toyota Motor Corporation manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.

Find Solutions for Enterprises, SMBs Service Providers at The World’s Communications Conference, ITEXPO West. September 13-15, 2011 Austin, Texas

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Toyota Motor.

Log in and add Toyota Motor (TM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com
———————————————————————————————
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with

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Toyota Corolla Production Starts in Mississippi

Auto Buff — Fri, 18 Nov 2011 23:12:55 +0000

Written by: Edward A. Sanchez

on
November 18 2011 7:00 AM

Toyota CEO Akio Toyoda was on-hand Thursday in Blue Springs, Mississippi for the opening of Toyota Motor Manufacturing Mississippi, the company’s newest North American production facility. The plant represents an $800 million investment by the company that started with the groundbreaking in 2007. The plant will be one of the primary North American production facilities for the Corolla, the other being the North Cambridge, Ontario plant, which will continue to produce the popular compact sedan.

Toyoda joined Mississippi governor Haley Barbour and Toyota Motor Manufacturing Mississippi president Masafumi Hamaguchi at the plant’s opening ceremonies. The plant has an annual production capacity of 150,000 and will employ almost 2000 workers. Engines for the cars will be sourced from Toyota’s Buffalo, West Virginia engine plant. Blocks and heads for the engine come from the company’s Bodine Aluminum casting plants in Troy, Missouri and Jackson, Tennessee.

Production of the Corolla took place for many years at the company’s Fremont, California joint-venture NUMMI plant with General Motors until its closure in 2010. A small number of Corollas sold in North America were sourced from Japan in the interim period after NUMMI’s closure, but the bulk of North American Corollas were sourced from Ontario, according to a Toyota spokesperson.

As part of the opening ceremonies, Toyota also announced a parternship with the CREATE Foundation and a donation of $5 million a year for 10 years to go toward the public school system in Pontotoc, Union and Lee counties. The

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UPDATE 2-Toyota, Nissan mull strategy shift on strong yen

Auto Buff — Thu, 17 Nov 2011 23:05:48 +0000

Thu Nov 17, 2011 10:28pm GMT

* Toyota may seek tie-ups akin to Ford hybrid truck deal

* Nissan CEO on yen: “Fix the exchange rate. Fix it.”

* Yen hit a record high against U.S. dollar in late Oct.

By Bernie Woodall and Nick Zieminski

The yen, which hit a record high against the U.S. dollar in
late October, has undercut profits for Nissan and Toyota, which
both build vehicles in Japan for overseas markets.

At a separate event in New York, Nissan Chief Executive
Carlos Ghosn said the strong yen may force Nissan and other
companies to shift production outside of Japan.

So far this year, the dollar has fallen more than 5 percent
against the yen . Since 2007, the dollar has tumbled more
than 35 percent against the yen.

“We need just one thing,” Ghosn told the Japan Society in
New York. “Fix the exchange rate. Fix it.”

The soaring yen makes it cheaper for Nissan and Toyota to
buy commodities and potentially buy overseas assets. But it
also diminishes earnings from major auto markets such as the
United States.

That deal will allow Toyota to tackle an area of vehicle
technology where it has lagged.

“We are not good at acquiring companies. We are bad at
doing that,”

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