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Toyota profits up 23% on high US sales, despite mounting legal costs

Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. The good news comes in spite of the fact that the Japanese automaker actually endured an operating loss in North America, due in part to legal fees.
Toyota is set to pay more than $1 billion to owners who claim their vehicles decreased in value as a result of the company's recent spate of recalls. Even so, all three of the automaker's brands enjoyed a 13.5 percent sales increase in the US in the last quarter, beating the industry average. Toyota faltered in Europe, however, where it earned $99 million in operating profit last year, compared to $111 million in 2011. You can take a closer look at the company's full press release below for more information.

Camaro SS facelift and dune-riding the new Mercedes-Benz GLS | Autoblog Podcast #579

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Road Test Editor Reese Counts and Associate Editor Joel Stocksdale. First, they talk about the newly refreshed Chevy Camaro SS. Then they dish on the cars they've been driving, including the Lexus UX, Lexus GS F and Volvo V90, as well as riding in the new Mercedes-Benz GLS. After that, they ask the question, how many AMG cars is too many? Finally they turn to car buying, and suggest potential vehicles for a shopper on Reddit for the "Spend My Money" segment. Autoblog Podcast #579 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2020 Camaro SS facelift Cars we're driving: 2019 Lexus UX 2019 Lexus GS F 2019 Volvo V90 Cross Country 2020 Mercedes-Benz GLS ride How many AMGs is too many? Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

2022 Lexus LX 600 brings the new Land Cruiser to America

Toyota fans have been disappointed by the fact the 300-series Land Cruiser isn't coming to the U.S. But the good news is that its Lexus-badged twin will still make the trip. The 2022 Lexus LX 600 is based on the new Toyota, but with the typical styling and feature updates to make it an even more plush luxury SUV. With the Land Cruiser as the basis, the LX 600 is basically the same under the skin. It's powered by a twin-turbo 3.5-liter V6 making 409 horsepower and 479 pound-feet of torque. The platform is the TNGA-F, and it uses body-on-frame construction. Suspension design is double-wishbone at the front with a four-link solid rear axle. The Lexus features adjustable ride height and suspension stiffness. The former adjusts automatically between low for easier access, normal for pavement driving and two lifted heights for off-roading. And to assist with off-roading, the Lexus gets Crawl Control off-road cruise control, multiple terrain modes including an automatic one, and surround cameras that even show under the truck to help avoid banging together rocks and vulnerable parts of the car. Styling is quite evolutionary, so much so that you might have trouble telling the new LX 600 from its LX 570 predecessor at a glance. Telltale differences include the thicker bars on the grille that don't have a surround, as well as larger side grilles and a slightly slanted rear window line. The F Sport, an all-new trim for the LX, gets a different black mesh grille that makes a big difference to the exterior. The F Sport also gets enormous 22-inch forged aluminum wheels, plus a mechanical limited-slip rear differential. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. The LX 600's interior is quite distinct from the Land Cruiser, and the centerpiece is its dual-screen infotainment system. The upper touchscreen measures 12.3 inches and handles audio, navigation and other vehicle settings and information displays. The lower 7-inch touchscreen is mainly used for climate control and comfort settings. The interface and operating system for the infotainment is the same system that has made its debut in the completely redesigned Lexus NX. In our experience, it's a massive improvement over past Lexus systems, though not quite a class-leader. For LX buyer's looking for maximum opulence, another new trim level is the Ultra Luxury.