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Oh, Kei Go: Toyota set to enter JDM minicar market?

Toyota is looking to get bigger... by going smaller. The Japanese automaker is looking to enter the kei car market, a popular segment in its homeland. Kei cars are small vehicles with restrictions on length (11.15 feet), width (4.86 feet), engine size (660 cubic centimeters) and power output (63 horsepower). Currently, Toyota is the only Japanese automaker not producing vehicles for this segment, but that is set to change, according to a report from The Wall Street Journal.
Thanks to its relationship with Daihatsu, Toyota can jump right into the kei car game. Daihatsu is one of the largest producer of kei vehicles and it is currently owned by Toyota.
Although kei cars are restricted in terms of size and power, they are not restricted by technology. Automakers utilize different drive configurations, powertrains and amenities to keep their cars fresh. Daihatsu and Toyota plan to work together to produce Toyota-branded kei cars. The two companies will utilize Toyota's knowledge of electric and hybrid systems to produce efficient little vehicles for the Japanese market.

Toyota plans biggest stock buyback in over a decade

At the end of December, 2013 Toyota had a cash stockpile of 1.8 trillion yen ($17.5B US). As of March 31, at the end of its current financial year, company coffers are expected to swallow another 1.9 trillion yen ($18.4B US) in net profit - said to be a record sum for the Japanese automaker. In a gesture signaling a turnaround from the horrors of the global recession, Bloomberg reports that Toyota will buy back 60 million shares of its stock, as much as 1.89 percent of the company, for something like 360 billion yen ($3.5B US). It's the first buyback since 2009 and the largest buyback since 2003, when it spent roughly 390 billion yen ($3.8B US) repurchasing shares.
Company president Akio Toyoda founded the Toyota Mobility Foundation (TMF), a non-profit that will support international groups working on transportation issues in emerging markets. Half of the stock that Toyota buys, 30 million shares, will be sold to the foundation via the Japanese Trustee Services Bank for one yen per share, the dividend providing the foundation's initial funding. The other 30 million shares will be canceled, a company spokesman telling Reuters that the company wants to reward shareholders.
Industry analysts have been asking Toyota to either return money to shareholders or invest in new factories, but Toyota has ruled out the latter. After getting burned with excess capacity when the financial crisis came, the company is focused on extracting efficiencies from the plants it already has. Toyota has said it plans to complete the buyback by June of this year.

Next Toyota Supra might be called S-FR

In the world of car-rumors, those surrounding the revival of the Toyota Supra are rivaled only mid-engine Corvettes and billion-dollar barn finds for Internet potency. Let's face it, we love them as much as you do. Entering stage right then is your latest Supra tidbit. The always-vigilant forum masters at SupraMKV.com have been spending caffeine-fueled nights combing through the US Patent and Trademark Office websites, it seems. The recent result of their efforts is a trademark filing for "Toyota S-FR," in reference to "automobiles and structural parts thereof." While hardly a smoking gun, Supra theorists propose that the May 28 filing could signal the way forward for a new sports car. The "S" might be Toyota's homage to the Supra nameplate, with "FR" obviously indicating a front-engine, rear-drive layout. We'd be surprised if Toyota was so wiling to throw away the brand equity built in to the Supra name – the company did re-up its Supra mark. Then again, we would've called the FR-S "Celica," too. Go figure. Of course, the trademark could be for just about anything else. A sub-FR-S model is one proposition, though it could just as easily be a concept car, or nothing at all. Sleuths, tell us what you think in Comments, below. Related Video: