Posts Tagged ‘Toyota Motor Corp’
Toyota Slashes Sales Plan as US Rate Stalls Its Momentum W
utut1 asked:
From:http://www.chinatopsupplier.com/
Tag:Toyota,slashes sales plan,US,SUV production
Earlier this month, Toyota announced sprawling manufacturing changes in the US and shutting down truck and SUV production, to respond to changing consumer demand.
Even with the lower number announced yesterday, Toyota Motor Corp plans to sell more vehicles than it did last year.
The pace of Toyota’s growth has been slowing. Under the new target it would inch up 1 percent this year, in contrast to a 6-percent climb in 2007, when it sold 9.37 million vehicles.
“The main reason for the change came from the faltering United States economy, and how rising oil prices and material costs are dampening the market there overall,” said Toyota spokeswoman Kayo Doi. The Japanese and west European markets were also sluggish, but Toyota’s solid sales in China, the Middle East and other markets were enough to maintain its worldwide growth, she said.
Toyota now plans to sell 2.44 million vehicles in the US, far less upbeat than the earlier plan to sell 2.64 million vehicles. It also slashed the sales plan for North America to 2.67 million vehicles from 2.84 million vehicles.
The new plan marks a nearly 7-percent drop from Toyota’s 2007 sales results of 2.62 million vehicles for the US, and a 5-percent slip from 2.82 million vehicles for North America. Prior to yesterday’s revision, Toyota had expected sales to grow in North America, including the US. The manufacturer of the Camry sedan, Corolla subcompact and Prius hybrid also lowered its production plan for this year to 9.5 million vehicles – unchanged from the previous year.
Earlier, it had set the manufacturing target at 9.95 million vehicles, which would have represented 5-percent growth from 2007. Tatsuo Yoshida, auto analyst with UBS Securities Japan in Tokyo, said woes over US auto sales weren’t likely to ease until next year.
“I think Toyota is giving rather cautious targets,” he said. “GM is in a worse state in reliance on trucks, but Toyota also has the same problem.”
Toyota, the world’s second-largest auto maker in annual vehicles sales after General Motors Corp, has averted the battering its American rivals have taken from soaring gas prices.
Toyota has long boasted a reputation for models with good mileage.
And its sales are still expected to be strong in emerging markets such as Russia, China and India, offsetting some of the losses in North America.
How the full-year tallies will add up is still uncertain as Detroit-based GM is also reporting growth in new markets. GM, the world’s top auto maker for 77 years straight, doesn’t release full-year sales forecasts.
Toyota outsold GM by 277,532 vehicles in the first six months of this year, selling 4.82 million vehicles worldwide. The call was close in 2007. GM eked out a win at 9.37 million to Toyota’s 9.366 million vehicles.
Also hurting Toyota is the sluggish Japanese auto market, where Toyota is the top-seller. Toyota said it now ex pects to sell 2.23 million vehicles in its domestic market this year, rather than the initial 2.27 million. It sold 2.26 million vehicles in Japan in 2007.
With auto sales ailing in the key North American market, speculation had been growing that Toyota would lower its sales targets. Toyota reviews such plans every half-year or so. But even Toyota is struggling to shift production from gas-guzzling sport utility vehicles and trucks to smaller models.
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From:http://www.chinatopsupplier.com/
Tag:Toyota,slashes sales plan,US,SUV production
Earlier this month, Toyota announced sprawling manufacturing changes in the US and shutting down truck and SUV production, to respond to changing consumer demand.
Even with the lower number announced yesterday, Toyota Motor Corp plans to sell more vehicles than it did last year.
The pace of Toyota’s growth has been slowing. Under the new target it would inch up 1 percent this year, in contrast to a 6-percent climb in 2007, when it sold 9.37 million vehicles.
“The main reason for the change came from the faltering United States economy, and how rising oil prices and material costs are dampening the market there overall,” said Toyota spokeswoman Kayo Doi. The Japanese and west European markets were also sluggish, but Toyota’s solid sales in China, the Middle East and other markets were enough to maintain its worldwide growth, she said.
Toyota now plans to sell 2.44 million vehicles in the US, far less upbeat than the earlier plan to sell 2.64 million vehicles. It also slashed the sales plan for North America to 2.67 million vehicles from 2.84 million vehicles.
The new plan marks a nearly 7-percent drop from Toyota’s 2007 sales results of 2.62 million vehicles for the US, and a 5-percent slip from 2.82 million vehicles for North America. Prior to yesterday’s revision, Toyota had expected sales to grow in North America, including the US. The manufacturer of the Camry sedan, Corolla subcompact and Prius hybrid also lowered its production plan for this year to 9.5 million vehicles – unchanged from the previous year.
Earlier, it had set the manufacturing target at 9.95 million vehicles, which would have represented 5-percent growth from 2007. Tatsuo Yoshida, auto analyst with UBS Securities Japan in Tokyo, said woes over US auto sales weren’t likely to ease until next year.
“I think Toyota is giving rather cautious targets,” he said. “GM is in a worse state in reliance on trucks, but Toyota also has the same problem.”
Toyota, the world’s second-largest auto maker in annual vehicles sales after General Motors Corp, has averted the battering its American rivals have taken from soaring gas prices.
Toyota has long boasted a reputation for models with good mileage.
And its sales are still expected to be strong in emerging markets such as Russia, China and India, offsetting some of the losses in North America.
How the full-year tallies will add up is still uncertain as Detroit-based GM is also reporting growth in new markets. GM, the world’s top auto maker for 77 years straight, doesn’t release full-year sales forecasts.
Toyota outsold GM by 277,532 vehicles in the first six months of this year, selling 4.82 million vehicles worldwide. The call was close in 2007. GM eked out a win at 9.37 million to Toyota’s 9.366 million vehicles.
Also hurting Toyota is the sluggish Japanese auto market, where Toyota is the top-seller. Toyota said it now ex pects to sell 2.23 million vehicles in its domestic market this year, rather than the initial 2.27 million. It sold 2.26 million vehicles in Japan in 2007.
With auto sales ailing in the key North American market, speculation had been growing that Toyota would lower its sales targets. Toyota reviews such plans every half-year or so. But even Toyota is struggling to shift production from gas-guzzling sport utility vehicles and trucks to smaller models.
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Toyota Trails Political Clout
Mike Bartley asked:
The Toyota Motor Corp., the second largest automaker around the globe, is planning to build a plant in Mississippi. Experts in the industry say that the move of the automaker is aimed at expanding its operations in the United States at the same time increasing political influence in the territory.
As the presence increases, Toyota tunes in. The Japanese automaker is expected to use the clout to rival the Detroit’s automakers on some issues. Toyota could also use the increased Capitol Hill lobbying power to give it a boost in its competitive lead over the General Motors Corp., the Ford Motor Co. and the DaimlerChrysler AG.
“We don’t agree with them on everything,” said Josephine Cooper, the vice president of government relations for Toyota Motor North America. “But our goal is to work together because it’s usually better to be on the same page.” Cooper spearheads an in-house lobbying office of seven people in Washington. The Japanese automaker also has hired some of the city’s leading lobbying firms to aid in the realization of goals.
Toyota has built plants in Kentucky and Indiana. These plants integrate quality auto parts and accessories like the Toyota hawk brakes to its powerful lineup. The automaker is narrowing the gap with domestic car manufacturers in regard to spending on lobbying.
In 2004, Toyota spent approximately $2.4 million on lobbying. In 2005, its lobbying investment increased to $3.4 million, and last year it rose to $4.6 million. In 2006, GM spent $8.7 million and Ford spent $9.1 million to influence policy and legislation in Washington.
For the first time, the Japanese automaker also is considering the creation of a political action committee. Last year, GM’s PAC spent over $1 million and Ford’s spent over $845,000 to influence lawmakers in Washington.
One strong factor behind Toyota’s quest of greater political clout may be the possibility that the Big Three, staggered by slumping sales, will ask Congress for subsidies or a bailout, said Joan Claybrook, the president of the Public Citizen watchdog group in Washington. She also said that Toyota’s growing presence in the United States forces it to become more involved in politics. “They just realize they need to be more tuned in,” Claybrook said.
Toyota’s Georgetown, Kentucky plant is responsible for the assembly of the Toyota Camry sedan, including the new hybrid model, along with the Avalon sedan and Solara coupe. The Toyota Princeton, Ind. Plant, on the other hand, makes the Tundra pickup, Sienna minivan and Toyota Sequoia SUV.
For 2007, top issues for both the American and Japanese automakers include whether to raise mileage standards for cars and trucks. Another main issue is whether carbon emissions should be capped to combat global warming. On both issues, Toyota has the edge.
Toyota agrees with U.S. automakers that the administration, not Congress, should determine fuel economy standards. But the Japanese automaker has embraced President Bush’s proposal last year to change how fuel economy is determined while U.S. automakers strongly refuted it.
Toyota also is better positioned than Detroit automakers to deal with possible moves in Congress to tighten regulation of carbon dioxide emissions, with use of hybrid fuel technology in some models. “There’s a huge gap between the cleanest and dirtiest automakers,” said Don MacKenzie, the author of the Union of Concerned Scientists report. “Toyota’s ranking shows that size is no excuse for a dirty fleet.”
Kansieo.com
The Toyota Motor Corp., the second largest automaker around the globe, is planning to build a plant in Mississippi. Experts in the industry say that the move of the automaker is aimed at expanding its operations in the United States at the same time increasing political influence in the territory.
As the presence increases, Toyota tunes in. The Japanese automaker is expected to use the clout to rival the Detroit’s automakers on some issues. Toyota could also use the increased Capitol Hill lobbying power to give it a boost in its competitive lead over the General Motors Corp., the Ford Motor Co. and the DaimlerChrysler AG.
“We don’t agree with them on everything,” said Josephine Cooper, the vice president of government relations for Toyota Motor North America. “But our goal is to work together because it’s usually better to be on the same page.” Cooper spearheads an in-house lobbying office of seven people in Washington. The Japanese automaker also has hired some of the city’s leading lobbying firms to aid in the realization of goals.
Toyota has built plants in Kentucky and Indiana. These plants integrate quality auto parts and accessories like the Toyota hawk brakes to its powerful lineup. The automaker is narrowing the gap with domestic car manufacturers in regard to spending on lobbying.
In 2004, Toyota spent approximately $2.4 million on lobbying. In 2005, its lobbying investment increased to $3.4 million, and last year it rose to $4.6 million. In 2006, GM spent $8.7 million and Ford spent $9.1 million to influence policy and legislation in Washington.
For the first time, the Japanese automaker also is considering the creation of a political action committee. Last year, GM’s PAC spent over $1 million and Ford’s spent over $845,000 to influence lawmakers in Washington.
One strong factor behind Toyota’s quest of greater political clout may be the possibility that the Big Three, staggered by slumping sales, will ask Congress for subsidies or a bailout, said Joan Claybrook, the president of the Public Citizen watchdog group in Washington. She also said that Toyota’s growing presence in the United States forces it to become more involved in politics. “They just realize they need to be more tuned in,” Claybrook said.
Toyota’s Georgetown, Kentucky plant is responsible for the assembly of the Toyota Camry sedan, including the new hybrid model, along with the Avalon sedan and Solara coupe. The Toyota Princeton, Ind. Plant, on the other hand, makes the Tundra pickup, Sienna minivan and Toyota Sequoia SUV.
For 2007, top issues for both the American and Japanese automakers include whether to raise mileage standards for cars and trucks. Another main issue is whether carbon emissions should be capped to combat global warming. On both issues, Toyota has the edge.
Toyota agrees with U.S. automakers that the administration, not Congress, should determine fuel economy standards. But the Japanese automaker has embraced President Bush’s proposal last year to change how fuel economy is determined while U.S. automakers strongly refuted it.
Toyota also is better positioned than Detroit automakers to deal with possible moves in Congress to tighten regulation of carbon dioxide emissions, with use of hybrid fuel technology in some models. “There’s a huge gap between the cleanest and dirtiest automakers,” said Don MacKenzie, the author of the Union of Concerned Scientists report. “Toyota’s ranking shows that size is no excuse for a dirty fleet.”
Kansieo.com
Toyota Introduces a Breathtaking New Corolla
Mark Clarkson asked:
Toyota Motor Corp. has recently introduced Corolla, the first new version of its best-selling compact van sedan which has been stricken off its lineup since 2001. Since then, the automaker has not produced said car model. However, lately, the automaker has been busy modifying Toyota Corolla parts in order to pave way for a high-performance sedan than can serve as a mighty rival to other vehicles in same category. The latest Corolla will be introduced in the United States in the year 2008 by Toyota’s president, Katsuaki Watanabe.
According to automotive analysts, Toyota is moving closer to overtaking the world’s largest automaker General Motors Corp. In its aim to move a notch higher, Toyota is releasing a thrilling new Corolla that can efficiently compete with Honda Civic and Nissan Tiida Latio. ”The Corolla will obviously put pressure on the Tiida and the Civic,” says Ashvin Chotai, London-based automotive analyst for Global Insight Inc.
“The Corolla is basically Toyota’s bread and butter. The automaker’s success is led by models such as the Corolla,” says Yoshihiro Okumura, general manager at Chiba-gin Asset Management Co. Said company controls assets amounting to about $365 million.
Toyota Corolla, which was launched in 1966, accounted for 19 percent of the automaker’s sales in the previous year. It was also reported by the automaker that the figure was increased by 8 percent to 1.39 million units in 2005. It is quite comparable with Toyota Prius hybrid which yielded a total of 175,000 sales. Nowadays, Toyota expects to sell 12,000 Corollas a month in Japan.
“Toyota’s Corolla has a major impact on its profits and volume,” says Yasuhiro Matsumoto, senior analyst at Shinsei Securities Co. “There’s no way that demand for Japanese fuel- efficient vehicles will deteriorate, especially in North America,” he further added. Matsumoto estimates that automaker’s profit margin is approximately 300,000 yen ($2,540) for the Corolla.
Toyota will sell two versions of Corolla in Japan. The first version is a sedan called Corolla Axio and the second will be a station wagon dubbed as Corolla Fielder.
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Toyota Motor Corp. has recently introduced Corolla, the first new version of its best-selling compact van sedan which has been stricken off its lineup since 2001. Since then, the automaker has not produced said car model. However, lately, the automaker has been busy modifying Toyota Corolla parts in order to pave way for a high-performance sedan than can serve as a mighty rival to other vehicles in same category. The latest Corolla will be introduced in the United States in the year 2008 by Toyota’s president, Katsuaki Watanabe.
According to automotive analysts, Toyota is moving closer to overtaking the world’s largest automaker General Motors Corp. In its aim to move a notch higher, Toyota is releasing a thrilling new Corolla that can efficiently compete with Honda Civic and Nissan Tiida Latio. ”The Corolla will obviously put pressure on the Tiida and the Civic,” says Ashvin Chotai, London-based automotive analyst for Global Insight Inc.
“The Corolla is basically Toyota’s bread and butter. The automaker’s success is led by models such as the Corolla,” says Yoshihiro Okumura, general manager at Chiba-gin Asset Management Co. Said company controls assets amounting to about $365 million.
Toyota Corolla, which was launched in 1966, accounted for 19 percent of the automaker’s sales in the previous year. It was also reported by the automaker that the figure was increased by 8 percent to 1.39 million units in 2005. It is quite comparable with Toyota Prius hybrid which yielded a total of 175,000 sales. Nowadays, Toyota expects to sell 12,000 Corollas a month in Japan.
“Toyota’s Corolla has a major impact on its profits and volume,” says Yasuhiro Matsumoto, senior analyst at Shinsei Securities Co. “There’s no way that demand for Japanese fuel- efficient vehicles will deteriorate, especially in North America,” he further added. Matsumoto estimates that automaker’s profit margin is approximately 300,000 yen ($2,540) for the Corolla.
Toyota will sell two versions of Corolla in Japan. The first version is a sedan called Corolla Axio and the second will be a station wagon dubbed as Corolla Fielder.
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