05 4runner V8 Sr5 Carfax Certified 1-owner W/service Records Leather Sunroof on 2040-cars

Auto blog

Toyota Mobility Foundation sets up shop in Da Nang

You never know where the next cleaner mobility effort is going to take place. Toyota is looking around the world for places to make getting around a less dirty affair and the latest experiment is going to take place in Da Nang, Vietnam. Aside from the new location, though, there's nothing particularly special about the Da Nang project. The first two basic ideas are to set up a community bus service in the governmental, educational and commercial districts and a park-and-ride program. The project is the second from the Toyota Mobility Foundation, which says that these the enhancements to Da Nang's transportation system further TMF's, "philosophy of combining Toyota's knowledge with the expertise of partners to enable more people around the globe to move safely, efficiently and enjoyably." TMF will spend 2.9 million dollars over three years to set up the project in Da Nang. The first TMF project launched in Bangkok earlier this year. Toyota Mobility Foundation Launches Program in Da Nang, Vietnam The Foundation's Second Program Will Address Emerging Transportation Issues in Rapidly Growing Mid-sized City Tokyo, Japan June 9, 2015-Toyota Mobility Foundation (TMF) today announced its second program, which will launch in Da Nang, Vietnam to address emerging transportation issues in the rapidly growing mid-size city. The announcement follows news earlier in April, 2015 from TMF regarding the launch of its first pilot program in Bangkok, Thailand. Both programs reflect the Foundation's philosophy of combining Toyota's knowledge with the expertise of partners to enable more people around the globe to move safely, efficiently and enjoyably. "Toyota Mobility Foundation develops innovative solutions that address a full range of mobility challenges facing communities around the globe by sharing our knowledge," said Akio Toyoda, Chairman of the Board of TMF and President of Toyota Motor Corporation. "As Da Nang adapts to its rapid population and economic growth, we-together with our partners including Da Nang city government-aims to build a more joyful mobile society." TMF will partner with the local government in Da Nang to develop a sustainable transportation system that meets projected population growth estimates and mobility needs. In the early stages of motorization, Da Nang is considered an entrance to the Indochina East-West Economic Corridor, which links Vietnam, Laos, Thailand and Myanmar.

10% of Toyota China dealers may drop due to losses

News about the auto industry in China is usually positive thanks to booming sales and an ever-increasing number of factories across the country. But in some cases, it appears that the dealers with the job of actually selling all of those vehicles are having trouble finding buyers. The result is cars piling up on lots and showrooms resisting against automakers. Japanese automakers already face a tough road to success in China, but the FAW-Toyota joint venture is especially struggling this year. According to Bloomberg, as many as 10 percent of the dealers might have to close or stop selling the brand because they just can't make money selling the vehicles on their lots. Also, 95 percent of the showrooms are reportedly losing money. The issue facing FAW-Toyota sellers is mostly a case of supply and demand. Automakers in China mandate the number and types of vehicles that dealers sell. However, the inventory from all makes is at its highest level since August 2013, according to Bloomberg. The situation leaves dealers with packed lots, and cars often require discounts to move. Making matters harder is that showrooms have annual sales targets, which are linked to bonuses. This money can account for over half of the sellers' annual profits, according to Bloomberg. The FAW-Toyota dealers are pushing back by asking Toyota for 2.2 billion yuan ($355 million) to pay for costs associated with the extra inventory. It also lowered sales targets by six percent earlier this year and has requested no increase in the numbers for 2015. News Source: BloombergImage Credit: Nelson Ching / Bloomberg via Getty Images Earnings/Financials Toyota Car Buying Car Dealers

Toyota, Lexus dominate KBB's Best Resale Value Awards

Toyota and Lexus stormed the 2014 Kelley Blue Book Best Resale Value Awards, winning a combined 18 categories including best brand and best luxury brand. This marks the third year in a row that both automakers have won the Brand and Luxury Brand resale value awards. In all, Toyota won 11 categories and Lexus won seven.
Honda made a good showing, as well, winning two segments (Accord Plug-In Hybrid and Civic Si) and putting one car on the top-10 Best Resale Value list (CR-V). Chevrolet did even better, winning two segments (with the V6 Camaro and the Corvette) and placing three cars on the top-10-overall list (again, the Camaro and Corvette, plus the Silverado 1500).
The other winners came from Jeep, Dodge, Infiniti, Subaru and Audi. To give you a clearer picture of the Toyota and Lexus domination, their 18 mentions represents more than half of the 34 awards (including the top-10-overall list).