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Toyota Mirai might be the name of new fuel cell car; it means 'future'

Anybody remember the Ford Futura? It wasn't exactly a world-beater of a car, so we don't think the name Toyota's has apparently chosen for its first production fuel-cell vehicle is a tribute of sorts. Though one never knows. Maybe Toyota just likes 18-inch-tall EVs. The Japanese automaker has apparently settled on a nameplate for its fuel-cell model, and the name will be "Mirai," which means "future" in Japanese, Bloomberg News says, citing a person familiar with the process that it didn't identify. Bloomberg couldn't get anyone with Toyota to comment on record about the name – and neither could AutoblogGreen – but we do remember that Toyota has bandied this name about before, so we're not setting anything down in stone quite yet. Last month, Toyota said the new fuel cell car would debut in Japan next April and would be priced at about $69,000 before any sort of government incentives kicked in. The company hasn't revealed details about a US release date or pricing here, but indicated that US sales would start where there's already some semblance of a hydrogen-refueling infrastructure. That pretty much means California and nowhere else in the states. The fuel-cell model is said to have a full-tank range of about 435 miles and that the tank can be filled up in about three minutes, similar to a gas-powered vehicle. In other words, the future.

Toyota close to unveiling 4th-generation Prius hybrid

The timing isn't perfect, but Toyota is getting close to rolling out the next generation of its Prius gas-electric hybrid car. Low gas prices have depressed sales of hybrids, with Prius sales falling 14 percent in the first five months of this year. The US government expects gasoline to average $2.44 a gallon this year, compared with $3.36 a gallon in 2014. North American CEO Jim Lentz said Thursday that the new Prius will get better gas mileage than the old one and is better looking. He cautioned that reports of a 15-percent improvement in fuel economy are probably too high. The current Prius gets an estimated 50 mpg in combined city and highway driving. He also said the new version has a lower center of gravity for better handling. Lentz said Toyota, the market leader in hybrid sales, will continue to develop new hybrids even though sales of alternative-fuel cars as a segment are down about 15 percent for the year. "With lower fuel prices, it's having an impact on the entire segment," he said. "But long term, it's still the player. We've seen these rises and falls in fuel prices in the past. " Lentz wouldn't say exactly when the fourth-generation car will debut. The Prius was last revamped six years ago in 2009. Lentz made his remarks Thursday at a groundbreaking ceremony for a $126 million expansion of its technical center on two campuses near Ann Arbor, MI. The moves will bring about 335 jobs to the area from other Toyota locations. The AP contributed to this report.

Auto execs surveyed say VW, BMW most likely to grow

A new survey of top global automotive executives indicates both Volkswagen and BMW are the most likely to grow their market share over the next five years.
Tax advisory firm KPMG LLP has released its 14th annual Global Automotive Executive Survey, which includes responses from over 200 executives. A total of 81 percent of respondents said they expect to see Volkswagen make gains, compared to 70 percent last year. BMW, meanwhile, saw 70 percent of those surveyed say they believe the company will increase its market share. That's a jump of 7 percentage points over last year. This is the first time in the history of the survey that BMW has claimed the second-place spot.
Meanwhile, Hyundai has seen its perceived market share potential slacken for the third year in a row. Around 61 percent of those surveyed predicted gains for Hyundai, down from 63 in 2012. Toyota also has a surprising year, but for just the opposite reason. While the manufacturer had slipped in ranking since 2011, it enjoyed the largest increase of any company in the 2013 survey, jumping to 68 percent from 44 percent last year.