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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.

Scion xB gets one more special edition

The Scion xB, which is apparently still a thing, has added a final special edition to its long-running list, with the new 686 Parklan Edition. It's limited to, you guessed it, 686 units. As is so often the case for these special editions, there's a unique paint color, decals, wheels, and nifty little trim bits. That's good news for the Brown Car Appreciation Society, as Scion has opted for a handsome Cocoa Bean Metallic paint that almost feels wasted on this aging box. The gloss black wheels, mirror caps, and tailgate handle all feature bright red accents, but it's the cabin where we really see big changes. The 686 has dictated an outdoorsy interior theme, with plenty of camo fabric and quilted finishing on the seat uppers. There are a couple of zippable pockets in the front seats, including a rather hefty storage area in the seatbacks, while the floor and cargo area are protected by 686-branded rubber floormats. The xB 686 Parklan Edition, which can only be had with an automatic transmission, will be priced at $20,480, with sales slated to begin today. Read on for the official press release from Scion. Scion Checks the Box With Final xB Special Edition Model September 28, 2015 TORRANCE, Calif. (Sept. 28, 2015) – As Scion's iconic box, the xB, ends its run, Scion is taking the road less traveled to a place where the mountains meet the streets. Scion has partnered with 686, the snowboard technical apparel company, to create the xB 686 Parklan Edition. Starting today, a total of 686 xB special edition models are available for buyers seeking a unique combination of fashion and function. It will be priced at $19,685, excluding a delivery, processing and handling fee of $795. The 2015 xB 686 Parklan Edition incorporates seats with the quilted patterning and modern cubist camo style reflecting 686's design influence. Gloss black 16-inch alloy wheels featuring the 686 stamped logo tie in with the black-out badges, side mirrors, rear license plate garnish and door handles. On the outside, the Cocoa Bean Metallic paint is accented with red lines in the front, rear and on the side mirrors to capture 686's brand. For added functionality on the slopes, there is an incognito driver's side zippered storage pocket and zippered seat back pockets. Each xB 686 Parklan Edition also comes with all-weather floor and cargo mats. Additionally, a custom INNO Cargo Box and Roof Rack system is available.

Toyota GT86 engineer Tada recounts how sports car came to be

Because the Toyota GT86, Scion FR-S and Subaru BRZ coupes are now a reality, it's almost hard to imagine the struggle that had to happen within the large, conservative corporate structures at both automakers for the joint project to even get off of the ground.
Speaking to those struggles on Toyota UK's Toyota Blog, GT86 Chief Engineer Tetsuya Tada enlightens us with a recap of the sports car's earliest origins. For Tada, the first stages of the project must have seemed almost as dreamlike as the final product is to drive.
Said the Chief, "I had been working in the minivan department engineering new product, but a month after the meeting I was summoned. 'Forget about minivans,' they said, 'you are now working on the sports-car project.'"