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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.

2016 Toyota Tacoma Access Cab revealed along with more details

The Toyota Tacoma stepped behind the curtain for a makeover, and has emerged for 2016 with an appearance both chunky and menacing, plus lots of new tech and features. We've already seen its exterior, but some details we didn't get are that there will be a new locking tailgate that can lower itself slowly, without slamming, an available tri-fold hard tonneau, and four new wheel designs. Supporting that will be a stiffer frame with more high-strength steel and additional hot-stamped, ultra-high-strength steel in a lighter bodyshell. Engines will come in two flavors, either the carryover 2.7-liter four-cylinder or a brand new 3.5-liter Atkinson-cycle V6 that utilizes both direct and port fuel injection. The four-pot only can only be had with a six-speed automatic transmission - one extra gear than before - with electronic shifting, the sixer can be specified with that or a six-speed manual. We haven't been given numbers yet, but Toyota says the new truck is "more powerful and fuel efficient," meaning we expect a raise on the 236 horsepower of the current 4.0-liter V6. The dash is laid out with a driver-focused "handlebar" theme, finished with soft materials and metallic accents. Tech options include push-button start, Qi wireless charging, a Multi-Terrain Select system, and blind-spot detection with Rear Cross Traffic Alert, while luxury is attended to with a power moonroof and leather-trimmed seats. To aid the ambiance, engineers improved the seals, added an acoustic windshield, a sound-absorbing headliner and a floor silencer pad to make the cabin quieter. The suspension has also been retuned to deliver a smoother ride and provide more travel. One neat convenience touch: a GoPro mount next to the rear-view mirror. Five trims will be offered when it goes on sale: SR, SR5, TRD Sport, TRD Off-Road, and Limited. Before then, there's a press release below with more information, and we'll soon have live pictures from the Detroit Auto Show floor. DOMINATE DIRT...OR ROCKS...OR PAVEMENT IN THE ALL-NEW 2016 TOYOTA TACOMA - Toyota Tacoma Rebuilt Inside and Out - New Engine, Transmissions and Suspension Tuning - Legendary TRD Off-road Toughness - Best-selling Mid-Size Pickup for 10 Straight Years - Designed, Engineered and Assembled in North America DETROIT, January 12, 2015 - - Whatever the terrain, Tacoma is king of the hill.

Toyota Land Cruiser returns, Porsche shows Mission X | Autoblog Podcast # 785

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor John Beltz Snyder. This week's big new is that Toyota officially confirmed the return of the Land Cruiser to the U.S. We also talk about GM adopting Tesla's charging standard, Porsche's Mission X electric hypercar concept, early issues with Tesla's Cybertruck, the possible return of the Chevy Bolt, some amazing barn find Ferraris and Le Mans. Also, we've been driving the Chrysler 300C, Toyota Sienna, Ford Escape and an electric school bus from Lightning eMotors. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast # 785 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown It's official: Toyota Land Cruiser is coming back to the U.S. GM partners with Tesla for Supercharger access, adoption of NACS Porsche Mission X concept points at brand's next hypercar 5 cool things about the Porsche Mission X concept car Leaked document shows significant early issues with Tesla Cybertruck GM CEO Mary Barra hints at Chevrolet Bolt's return on Ultium platform Historic Ferraris that were 'lost and found' go to auction in Monterey Some thoughts on Le Mans Cars we're driving 2023 Chrysler 300C 2023 Toyota Sienna 2023 Ford Escape Lightning eMotors electric school bus Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: Green Podcasts Chevrolet Chrysler Ford GM Porsche Tesla Toyota Truck Coupe Crossover Hatchback Minivan/Van SUV Electric Sedan