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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.

2014 Toyota Tundra to debut at Chicago Auto Show

The fullsize pickup market is dominated by trucks from Ford, General Motors and Ram, but this segment could get some hefty competition in coming years. We've already reported that Nissan is planning a redesign of its Titan truck for 2015, and now Toyota has announced that it will be revealing the 2014 Tundra next month at the Chicago Auto Show.
In the brief press release posted below, Toyota says that the 2014 Tundra will be "redesigned," but it's unclear as to whether this means we'll be seeing an all-new truck or just an extensive refresh. The current Tundra design has been around since 2007 and sales are hardly worrisome to the Big Three, so a new design would be a logical guess.
In any case, we only have to wait a couple more weeks for the new Tundra to debut on February 7, and we'll be on hand to bring you plenty of live coverage from the show.

Toyota to ramp up Tacoma production in Mexico by 41%

The Toyota Tacoma may be getting on in age, but that isn't stopping the Japanese manufacturer from ramping up production at the pickup's Baja California factory. The Mexican plant will soon be home to another 300 jobs as it increases total capacity by 41 percent. The increase is slated for April 2015.
The move is a curious one, considering the Tacoma's age and the fact that General Motors is preparing what, on the surface, appear to be two very competent challengers. The factory increase could be in preparation for the 2016 Taco (spy photos shown above), which is expected to represent a significant overhaul of the long-serving truck.
Toyota's decision to increase capacity could also be due to the factory building freeze implemented by President Akio Toyoda, according to Automotive News. Toyoda put a hold on new factories until 2016, asking executives to squeeze as much production as possible out of remaining factories before bringing any additional facilities online.