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Toyota cuts global production in April by 17%

TOKYO — Toyota is cutting its global production target in April to 750,000 vehicles, down 150,000 from an earlier plan, the automaker said on Thursday, as a semiconductor shortage and the COVID-19 pandemic bite into its plans. The news comes about a week after Toyota said it would scale back domestic production by up to 20% during the months of April, May and June to ease the strain on suppliers battling shortages of chips and other parts. "It is still difficult to foresee the situation several months ahead, and there is a possibility the current plan will be revised downward," the company said in a statement. Average monthly global production for the period from April to June would be about 800,000, Toyota added. Its global vehicle production will be down 10% in May and 5% in June from previous estimates at the beginning of the year, said Toyota executive Kazunari Kumakura. The shortages have led the automaker to repeatedly change its production plan, frustrating suppliers and prompting President Akio Toyoda to call the interval from April through June an "intentional cooling off" period. Apart from the persistent chips shortage, Toyota faces a number of challenges. Curbs against COVID-19 forced it to suspend a joint venture with China's FAW Group in the northeastern city of Changchun. The automaker also cited logistical hurdles for suspension at a plant in Russia amid political uncertainty sparked by the Ukraine invasion, which Russia calls a special operation. These factors were not reflected in the April-June global production plan, Kumakura said, adding that while Toyota had not yet suffered specific impacts from the Ukraine crisis, it would look into short- and long-term risks. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Plants/Manufacturing Lexus Toyota coronavirus chip shortage

Paul Walker's Supra sells for $185k

The Fast and the Furious certainly didn't create the import car hobby, but the 2001 film played a role in popularizing it among a mass audience. Among the biggest automotive stars to come from the movie was the customized orange Toyota Supra driven by Paul Walker's character, Brian O'Connor. One of the stunt cars that portrayed that now-famous vehicle recently crossed the auction block at Mecum Auctions' sale in Indianapolis and sold for $185,000. This stunt car was showcased throughout the film, including in the final drag race against Dom's Dodge Charger, according to Mecum's listing. However, don't expect to be successful at living a quarter-mile at a time with this Supra, because under the hood there's a 220-horsepower, 3.0-liter inline six and five-speed manual. It certainly looks the part, with a full body kit, big wing at the back, wild graphics, and orange paint. Two Holley Performance nitrous oxide bottles are in the rear, but they aren't hooked up. For safety, there's a roll cage inside. The auction was estimated to fall between $150,000 and $200,000, which was right on the money. Following Walker's tragic death in 2013, cars related to him and the Fast and Furious franchise seem to be showing up for sale more often. His Nissan Skyline GT-R from Fast & Furious jumped in price afterward, and Barrett-Jackson auctioned his Mitsubishi Lancer Evolution from 2 Fast 2 Furious in 2014. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Australia may offer money to keep Toyota making cars there

In the wake of last month's announcement that Ford will cease automotive and engine production in Australia after 2016, many are wondering what the country's other automakers will do. Holden has already confirmed it will stay the course despite Ford's exit.
Much of the GM subsidiary's reason for sticking around has to do with a deal made last year between Holden and the Australian government. In order to secure a GM investment of $1 billion and a commitment to keep manufacturing in Australia through 2022, the government threw in an extra $215 million. According to Australia's Minister for Innovation and Industry, Greg Combet, the government is now in talks with Toyota for a similar deal.
Toyota operates one plant in Australia, the Altona manufacturing and engine plant in Victoria. The facility produces the Camry, Camry Hybrid and Australasia-only Aurion for both the local market and export. The report from GoAuto indicates that negotiations with the Australian government would include adding production of a third, all-new model at Altona, possibly the new RAV4, because it shares many parts with the Camry.