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Toyota projecting record profits, thanks in part to weak yen

Toyota retained its global sales crown in 2014 by selling 10.23 million cars in the calendar year. As the positive number might suggest, the Japanese automaker is doing extremely well financially, too. Although, some tougher times might be on the horizon. Toyota recently released its financial figures for the three fiscal quarters running from April 1 through the end of December 2014. Net profit jumped an impressive 13.2 percent to 1.727 trillion yen ($14.7 billion) for that period. It could be the Japanese automaker's most profitable time ever when the fiscal year ends in March, if things keep going this way, according to The New York Times. Toyota's own profit forecast for the 12-month period is also up by 130 billion yen ($1.1 billion) to 2.13 trillion yen ($18.1 billion). One key to the company's success is the low value of the Japanese yen, because it allows Toyota to make more money on each vehicle the company sells abroad. The currency is now worth relatively less than any time since the early '70s, according to The New York Times. Despite the rosy financial numbers, actual sales have started to fall, albeit a very slight amount. Through the three fiscal quarters, the company sold 6.73 million cars, a drop of just 45,365 vehicles. Toyota also reduced its forecast for the fiscal year to 9 million units, rather than the original estimate of 9.05 million. According to The New York Times, the shrinking Japanese auto market and difficulty in China might mean losing the global sales lead next year. For the US, sales jumped 145,411 units from April through December to a total 2.1 million vehicles. Operating income reached $4.27 billion, nearly 50 percent more than last year, according to The New York Times. Toyota Motor Corporation (TMC) Announces April – December 2014 Financial Results February 04, 2015 Toyota's global net income jumped 13.2 percent during the nine-month period (April 1– December 31, 2014) of the 2015 fiscal year. Global Financial Highlights: Global sales decreased by 45,365 vehicles to 6.73 million, with strong sales in North America and gains in Europe, offsetting decreases in Japan and other regions.

Here We Go Again: Lexus attacks EVs in new ad [UPDATE]

UPDATE: We got a comment from founding member of Plug In America Paul Scott on this ad. It's available below. The last time Lexus attacked plug-in battery vehicles in an ad, it had to apologize. The company is remaining on message, though, and has revisited a hybrid-vehicle advertising campaign that implies that driving a battery-electric vehicle is a big waste of time, because of all the charging you need to do. With the new spot, Lexus once again raised hackles of plug-in vehicle advocates because, once again, the accuracy is questioned. "The ad's message was that a consumer could [drive] a vehicle with advanced technology today, without sacrifice or change in habit." – Lexus spokesman Brian Bolain Lexus is running print ads (click to enlarge) in publications like Wired poking fun at EVs, the International Business Times says. Lexus highlights range anxiety in the spot, comparing the amount of time it takes to fully recharge an EV – and the idea that air conditioning and using the radio can shorten an EV's range – to the fun of just driving a Lexus. "The [print] ad was merely intended to paint a picture of life with a hybrid, which is basically no different from life with a traditional gas-powered vehicle, versus life with an EV, which can have challenges or at least uncertainties," Lexus spokesman Brian Bolain told AutoblogGreen. "In other words, at its core, the ad's message was that a consumer could participate in driving a vehicle with advanced technology today, without sacrifice or change in habit." The campaign picks up where Lexus's previous anti-EV campaign left off this spring. A website promoting Lexus's hybrids (and parent company Toyota's H2 vehicles) claimed that there was a hydrogen refueling infrastructure set up in 20 US states (not anywhere close to true). Plug-in advocates were also quick to note that higher-powered EV recharging systems can allow a plug-in to be recharged in far less than the four hours the Lexus site claimed. Of course, Toyota has a lot more skin in the game when it comes to hybrids and, starting next year, hydrogen fuel-cell vehicles than it does for plug-ins. Through August, the company sold just 842 RAV4 EVs and about 11,500 Toyota Prius Plug-in Hybrids in the US. That compares to almost 19,000 Nissan Leaf EVs and a Tesla Model S count that's likely close to that figure as well (Tesla breaks out neither monthly sales numbers nor US-only sales for the Model S).

Production Lexus RZ 450e leaked ahead of official debut

The Lexus RZ 450e isn't supposed to debut until April 20, but some screenshots from Japan may have revealed the production EV's look. Unsurprisingly, they look pretty close to the official concept images we've seen before. In some ways toned down for production, in other ways amped up. The images appear to have been leaked in a Japanese Discovery Channel promo, which users at RZforums.com screen captured. The screenshots show a burnt orange-colored RZ driving on a test course in Japan. The inescapable dress-up comes in the form of a black hood that emphasizes the Lexus spindle grille. Though it's been in use for over 10 years now, it remains a controversial piece of Lexus design. It works better on some cars than others, but in the case of the RZ the company seems to want to double down on accentuating its lines. On the other hand, the concept's body-colored nose seems to have been replaced with a black section where the grille might have resided on a internal combustion car. This lets the RZ maintain a semblance of grille without actually having one. The result is a more traditional-looking face than the Mirai-esque concept schnoz. It should be noted that the production car wears a black roof as well, which the concept does not. Overall, the Lexus RZ's styling departs further from the Subaru Solterra and Toyota bZ4X upon which it is based. While those two are nearly indistinguishable from one another, the Lexus has unique sheetmetal as evinced by its surfacing, C-pillar treatment, and more. Perhaps as the biggest relief to some, the RX eliminates the black cladding on the front fenders for body-colored wings. The Toyota bZ4X is powered either by a single electric motor with 201 horsepower or a dual-motor, all-wheel-drive configuration with 214 horses. Both choices use a 71.4-kilowatt-hour lithium-ion battery that gets, in the Japanese testing cycle, 310 miles of range in front-drive and 285 miles in all-wheel-drive. The Lexus might get a performance boost, but we won't know until April 20 at the latest. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.