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BMW, Toyota warn about Chinese market slowing down

BMW and Toyota are the latest automakers to become concerned about the closing throttle on the once rapidly accelerating vehicle market in China. There might be drastic effects on their ledgers at the end of the year. With the Chinese stock market no longer looking so healthy, the people just aren't buying as many new cars as in the past. Things got really bad in June after the first drop in deliveries in two years. BMW has already reduced Chinese production by 16,000 units so far this year. Despite the slowdown, the company has kept a brave face. "We experience that volatility in all emerging markets," BMW CEO Harald Krueger said in a conference call, according to Automotive News. The problem for Toyota is a bit stranger. Through July, the automaker's Chinese deliveries were actually up 12 percent. However, the gain was offset by falling sales prices. "This is making our business in China quite difficult. The business environment is getting tougher," Toyota Managing Officer Tetsuya Otake said, Automotive News reported. Much of the weakness in China has come in the middle part of the year, and from January through June deliveries were still up 8.4 percent. This means the effects haven't hit the financial results of some automakers too hard quite yet. In the second quarter, General Motors referenced the "challenging conditions" there but still posted a growing net income of $1.1 billion. Despite falling global sales, Toyota managed record income for the quarter, too.

What's this about a Toyota Prius Prime trademark?

The fourth-generation Toyota Prius is growing ever closer to launch and might even already be on the roads testing in heavy camouflage now. A recent filing by Toyota with the US Patent and Trademark Office for the name Prius Prime hints that the popular hybrid might get something different with its new model. As is often the case with trademark filings, the information here is quite barebones. All that is officially known is that as of March 26, 2015, Toyota owns the Prius Prime name for "automobiles and structural parts thereof." Green Car Reports speculates that the moniker could be for anything from a new trim level to a completely different model in the hybrid's lineup. One possibility at least to consider stems from a rumor from last year. According to that speculation, the next Prius might be offered in two versions: one with a nickel-metal hydride battery getting around 55 miles per gallon and another with a lithium-ion pack capable of over 60 mpg. The Prime name could actually work for either of them. Of course, a trademark filing also isn't a guarantee of a vehicle actually seeing production. Automakers can sit on the names for years just for safety, but sometimes they really do point to the future. Related Video: Word Mark PRIUS PRIME Goods and Services IC 012. US 019 021 023 031 035 044. G & S: Automobiles and structural parts thereof Standard Characters Claimed Mark Drawing Code (4) STANDARD CHARACTER MARK Serial Number 86577082 Filing Date March 26, 2015 Current Basis 1B Original Filing Basis 1B Owner (APPLICANT) Toyota Jidosha Kabushiki Kaisha TA Toyota Motor Corporation CORPORATION JAPAN 1, Toyota-cho Toyota-shi, Aichi-ken JAPAN 471-8571 Attorney of Record Roberta S. Bren Prior Registrations 3625763;4091489;4219530 Type of Mark TRADEMARK Register PRINCIPAL Live/Dead Indicator LIVE

Japanese automakers kick in $800k for new charging-station company

Cynics may say that gathering $800,000 (total) from four of Japan's largest automakers is merely a rounding error. Still, Toyota, Nissan, Honda and Mitsubishi, along with the Development Bank of Japan, are putting those funds to good use. So, that's something. Last week, those five entities officially founded Nippon Charge Service LLC. The company was established to promote plug-in vehicle charging installations across Japan and the automakers seeded it with 80 million yen, or about $786,000 US. Those funds will be used to help business owners deploy charging stations at convenience stores, highway-side locales and other locations that will make it easier for plug-in vehicle drivers (of Toyotas, Hondas, Mitsubishis and Nissans, obviously) to get their juice. The automakers first announced they'd collaborate last year, when they said they'd work with the Japanese government to more than triple the country's publicly accessible chargers to about 17,000 units. No targets were disclosed as far as how many charging stations would be deployed this time out, but, in a move similar to the EZ Charge system in the US, Nippon Charge Service will also have universally-accepted charging cards available by the end of the year to drivers all of those brands' plug-in vehicles to make the charging process a little more seamless. Check out Honda's press release below. Japan Automakers Advance Electric Charging Infrastructure with New Company, Nippon Charge Service -Established to help build charging infrastructure for electric-powered vehicles (PHVs, PHEVs and EVs)- Toyota Motor Corporation Nissan Motor Co., Ltd. Honda Motor Co., Ltd. Mitsubishi Motors Corporation Development Bank of Japan Inc. TOKYO, Japan, May 30, 2014 - Toyota Motor Corporation, Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation jointly established a new company, Nippon Charge Service, LLC, on May 26 to promote the installation of chargers for electric-powered vehicles (PHVs, PHEVs, EVs). The goal is to help build a charging network that offers more convenience to drivers in Japan. The new company will promote the installation of chargers, for the good of society and to expand the use of electric-powered vehicles. Related industries are also expected to benefit. Development Bank of Japan Inc.