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Toyota Camry re-earns CR 'Recommended' rating following crash tests

All is right again in the Toyota kingdom. The Japanese manufacturer's bread-and-butter sedan, the Camry, has been put back on Consumer Reports' "Recommended" vehicle list, following improved performance in the Insurance Institute for Highway Safety's crash testing.
You'll recall that the 2012 and 2013 Camry were infamously booted from the list due to "Poor" ratings in IIHS' notoriously tough small-overlap crash testing. Toyota vowed - just last week actually - to fix the ratings. As the Toyota brand's head, Bill Fay, said last week, "It's still a five-star car. It still does very well in all the IIHS tests. It did not in [the small overlap frontal crash test], and we're busy making the necessary adjustments so that we can address that."
Now, though, those redesigned cars have been tested, earning an "Acceptable" rating in the overlap testing. According to Consumer Reports, Camrys built from November 2013 on feature new internal structures that improve the car's crash test scores enough to make it a "Recommended" buy. IIHS has also elevated the car back to a position in its Top Safety Pick category, although it falls short of the new gold standard, the Top Safety Pick + rating.

Toyota's 'green bond' an industry first, quickly rises to $1.75 billion

Toyota is greasing the skids for more green car purchases with the announcement of a $1.75-billion bond designed to finance the purchase of high-efficiency Toyota and Lexus models. The Asset-Backed Green Bond is a first for the automotive industry and is making a lot of money available to buy or lease the following vehicles: any of the four Prius variants, Camry Hybrid, Avalon Hybrid, RAV4 EV, Lexus CT 200h and Lexus ES 300h. Originally, the bond was set at $1.25 billion, but Justin Leach, manager of public relations for Toyota Financial Services (TFS), told AutoblogGreen that demand was high and it was quickly oversubscribed. TFS has been looking at more ways to diversify its portfolio after a Diversity & Inclusion Bond that was announced in early 2013 and, with the new Green Bond, TFS is offering something for the "number of investors out there who are looking for investment opportunities in green." The way the money from the bond is used, basically, is that TFS takes the $1.75 billion and uses it to finance the purchase or lease of the nine vehicles listed above. As of right now, all the eligible vehicles are plug-in or hybrids, but the rules simply say that the cars in the program have to meet certain "powertrain, fuel efficiency and emissions" criteria. That means: Minimum EPA estimated MPG (or MPG equivalent for alternative fuel vehicles) of 35 city / 35 highway California Low-Emission Vehicle II (LEV II) certification of super ultra-low emission vehicles (SULEVs) or higher, which would include partial zero emissions vehicles (PZEVs) and zero emissions vehicles (ZEVs). TFS raises plenty of billions in other ways for the rest of the lineup, and got into asset backed securities in 2010, Leach said. Given the success of this first Green Bond, Leach said he expects TFS to keep this idea in its arsenal. "This one was so well received, I would be surprised if we didn't see it again," he said. "If anyone was going to do it, it should be Toyota, right?" Toyota Financial Services (TFS) Issues Auto Industry's First-Ever Asset-Backed Green Bond Bond Proceeds to Fund Consumer Loans and Leases for Toyota's Leading Portfolio of Green Vehicles TORRANCE, Calif., (March 24, 2014) – Toyota Financial Services (TFS) issued the auto industry's first-ever Asset-Backed Green Bond in the amount of $1.75 billion.

Toyota puts three-wheeled i-Road into public tests in Japan [w/video]

The lucky citizens of Japan are getting it now, and some folks in France will join the fray later this year, but that's about it for public, leaning-trike fun. The car in question is Toyota's three-wheeled i-Road concept electric vehicle. And in addition to being really narrow and quite environmentally friendly, this little EV leans quite a bit when it scoots around curves. Earlier this week, the Japanese automaker started testing the super-narrow vehicles in Toyota City, Japan. They're part of a broader scheme called "Ha:mo" in which people can link shared vehicles with public transportation systems to get around with minimal environmental impact. Grenoble, France, will be the recipient of some i-Road EVs for a vehicle-sharing project that starts later this year. The i-Road weigh about 660 pounds, is less than a yard wide and has a 28 mile per hour top speed. The i-Road was first shown off at the Geneva Motor Show early last year and shortly thereafter was the subject of a groovy video that showed a group of four cruising and leaning through the streets of a Mediterranean village in France. Check out Toyota's video on the vehicle-testing program and the official press release below and read our driving impressions here. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Changing Mobility and Lives, Three Wheels at a Time Residents of Toyota City, Japan, might be wondering what they just saw on the street. If it had three wheels and was leaning around a corner, it was the "i-Road", Toyota's ultra-compact all-electric, all-fun concept. On Sunday, the i-Road, which weighs a mere 300 kg and is less than 90 cm wide, was let loose on public roads at an event to mark its introduction into "Ha:mo", Toyota's optimized urban transport system. Soon, even more i-Roads will be zooming around Toyota city when they are made available to residents at vehicle-sharing stations. And later this year the lucky residents of Grenoble, France, will also be able to have some three-wheeled fun, thanks to a vehicle-sharing project that will last until 2017. Besides being an absolute blast to drive, how could the i-Road actually help you out? Well, picture the following: You just got off work. You get a phone call. You need to get across town, pronto, because your wife just went into labor. But your car is in the shop, there's no time to call a taxi, and your co-workers with cars are stuck doing overtime.