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Toyota will build new SUV at Alabama plant it's building with Mazda

WASHINGTON — Toyota Motor Corp said Wednesday it will build a new sport utility vehicle at its $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. The largest Japanese automaker announced in January 2018 it would build the factory in Alabama in a joint venture with Mazda. Toyota said the shift is due to "a growing consumer appetite for light trucks and SUVs." Mazda announced in February 2019 that it would build a new SUV at the plant. Toyota said it still expects the plan to start production in 2021. Construction remains on schedule, and hiring has begun. The plant could create up to 4,000 new jobs and build 300,000 vehicles annually. Corolla production will remain at Toyota's plant in Blue Springs, Miss.

Weekly Recap: Geneva's splendor reflects growing demand for ultra-luxury cars

Geneva is one of the most glittering auto shows in the world, but the list of high-powered and bespoke luxury cars was decadent this year even by the rich standards of the Swiss exhibition. It's great for enthusiasts to revel in the flame-throwing Aston Martin Vulcan, the racing-inspired elegance of the Bentley EXP 10 Speed 6 concept and the insane performance of the Lamborghini Aventador LP 750-4 Superveloce, but there's a reason for all of this opulence: the luxury market is big business. And it's growing. IHS Automotive forecasts that so-called ultra-premium sales will nearly triple this decade from 123,000 to 353,000 units around the world. The estimate includes brands like Aston Martin, Bentley, Ferrari and Rolls-Royce, but doesn't count BMW, Mercedes and Audi, which offer less expensive models in addition to their high-end flagships. Though IHS includes Porsche and its relatively large volume in the study, the ultra-premium segment is still set grow at about the same rate, even without the German automaker's figures. So what is propelling all of this growth in the most expensive segment of the auto industry? Put simply, there's more rich people. IHS Automotive principal analyst Tim Urquhart pointed to economic expansion in China, market recovery in the United States and a surge in the lucrative technology sector as contributing factors. This dovetails with a research report by UK-based Oxfam, an international relief organization, which found the world's richest one-percent owned 48 percent of global wealth in 2014, and it's expected to increase to more than 50 percent by 2016. View 17 Photos Carmakers are moving quickly to capitalize with new products, expanding their portfolios with low-volume speedsters like the 800-hp V12 Vulcan at Geneva, and plans to enter new segments, like Rolls-Royce's strategy to make an SUV. "Ultra-premium carmakers are looking to explore ways of growing their product offerings, and thus their bottom lines, in this most potentially profitable of segments," Urquhart wrote in a report on the Geneva show. In a nutshell, there are more choices for people with more money. It's a good time to have expensive taste. Other News & Notes 2016 Mazda MX-5 Miata production launches It won't be long now. The 2016 Mazda MX-5 Miata arrives later this year, and it's officially in production. Mazda announced this week that the roadster began rolling off the assembly line at its Ujina factory in Hiroshima, Japan.

2019 Mazda CX-3 crossover updated with a tad more power and refinement

NEW YORK — Mazda's smallest vehicle, the CX-3 subcompact crossover, is getting a refresh for the 2019 model year. Visually, you'd be hard-pressed to tell what changed, and that's because not much did. The grille now has slats that are grouped in pairs, and the rear taillights have been redesigned. But there are a number of changes aside from visuals that separate this model from the 2018. Under the hood is still a 2.0-liter naturally aspirated four-cylinder engine. It picks up two more horsepower and pound-feet of torque for totals of 148 for each, though Mazda says that it also picks up torque across more of the rev band and gets better fuel economy. Mazda didn't have official mileage numbers, though. The CX-3 will also now come with the G-Vectoring Control system that helps improve turn-in by reducing torque and shifting weight forward. The steering and suspension have been slightly retuned, and the tires developed to better absorb bumps. Deeper inside the CX-3, several changes should make the driving experience more calm and refined. These include thicker door panels and rear door glass to make things quieter. The seats are now wider with redesigned foam cushions for greater comfort. A new integrated armrest in the center console and one in the rear seats with cup holders help the same cause. Mazda will also add faux suede trim to the cabins of CX-3s for a more premium feel. Pricing hasn't been announced for the new CX-3, but the little crossover will go on sale in late spring. So expect pricing to come soon. Fuel economy numbers will likely be available soon, too. Related Video: