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Toyota GT86 CS-R3 ready to rally

Toyota is returning to the rally scene with the competition-spec version of the GT86. First announced over a year ago, the GT86 CS-R3 began testing this past summer, and is now just about ready for customer deliveries. Instead of contesting the top tier of the World Rally Championship, the GT86 CS-R3 was designed to compete in the R3 class. It's closely based on the road-going model (better known around these parts as the Scion FR-S), and retains its 2.0-liter boxer four, sending 238 horsepower and 170 pound-feet of torque through a Drenth six-speed sequential gearbox and limited slip differential to the rear wheels. Available in either tarmac or gravel specification, the GT86 CS-R3 comes complete with "body shell, powertrain and all mechanical components required to build the car." It's set to undergo final FIA certification in July, at which point it'll be ready to deliver to privateer rally teams to field in national and international rallies and in the HJS TMG CS-R3 Trophy that kicks off in Germany on July 4. The package sells for ˆ84,000 ($94k at today's rates) before taxes, but customers who place their orders before April 24 will get a ˆ5k discount. Related Video: 23 Jan 2015 GT86 CS-R3 NEARS COMPETITIVE DEBUT TOYOTA Motorsport GmbH is pleased to confirm the final details of the rear-wheel-drive GT86 CS-R3 rally car, which will make its competitive debut this year. Cologne, Germany - The CS-R3 prototype was launched last August and since then has completed an extensive test programme to optimise design and define the final specification of the kit which will be delivered to private competitors and teams. Detailed development has generated improved performance on both gravel and tarmac, while reliability and durability have been prioritised in order to deliver a car which allows cost-effective competition throughout the season and beyond. The CS-R3 has already proved immensely popular thanks to its rear-wheel drive powertrain, with 1,998cc, 238hp boxer engine and six-speed sequential transmission which combine to produce a spectacular driving experience. The first cars will be delivered to customers in May, later than originally forecast to allow improvements highlighted during testing to be implemented. As a consequence TMG has extended its introductory discount.

Toyota outpaces Detroit rivals in profitability per vehicle

As the world's highest volume automaker in 2014, you would probably expect Toyota to project a healthy financial outlook for the end of its fiscal year on March 31. But thanks in large part to the weak value of the yen and a large number of export vehicles, the automaker could make about four times more than General Motors, despite selling just a few hundred thousand more cars than its Detroit competitor last year. Toyota forecasts the equivalent of $24.5 billion in earnings for the fiscal year, compared to $6.5 billion from GM in 2014. According to an analysis by The Detroit News, the Japanese automaker is expecting average earnings of $2,726 on each vehicle it sells, versus $994 from Ford and $654 from GM. The key to this massive success has less to do with Toyota's products and much more in the company's location. The yen's value to the dollar is at its lowest point in decades. Also, according to The News, the automaker exports about 45 percent of its Japan-assembled vehicles, meaning bigger profits in the conversion to foreign currencies. Coupled with strong demand in the US, and the business looks even better. Automakers in the US are peeved by Toyota's currency-based boost. According to The News, there are allegations of manipulation of the yen's value, and Ford president of the Americas Joe Hinrichs calls the problem the "major trade barrier of the 21st century." He thinks the Japanese companies are making about $2,000 per exported vehicle due to the conversion. Intriguingly, it wasn't that long ago when Japanese automakers were moving operations from the country due to the strong value of the yen to the dollar curtailing profits. Infiniti shifted production, and there were fears that Toyota might close some of its factories, as well. Related Video: News Source: The Detroit NewsImage Credit: Shizuo Kambayashim / AP Photo Earnings/Financials Plants/Manufacturing Toyota toyota earnings toyota profit

Toyota Yaris iA, Mazda CX-3 sales show crossover formula isn't an automatic win

While 2017 was another watershed year for crossovers, in one interesting case, a crossover had its lunch eaten by its sedan counterpart. In the past year, Toyota sold nearly 36,000 Yaris iAs, a sedan that is identical to the foreign-market Mazda2 in everything but Toyota's ugly front bumper. In the same time frame, Mazda sold just over 16,000 CX-3s, a subcompact crossover based on the Mazda2. Not only that, but the Yaris iA saw an increase of around 8,000 units over 2016, and the CX-3 sold about 2,000 fewer units than in 2016. View 29 Photos There are a few reasons this is surprising. First of course is that the crossover market is surface-of-the-sun hot right now, so much so that primarily crossover-building brand Subaru saw its best sales year ever last year. Even Mazda's other crossovers, the CX-5 and CX-9 saw better sales in 2017 than in 2016. But on paper, the CX-3 has a number of advantages compared to the Yaris iA. The CX-3 has a larger 2.0-liter four-cylinder that makes about 40 more horsepower than the 1.5-liter engine in the Toyota. Also, while the cargo area behind the rear seats in the CX-3 is about one cubic foot smaller than the iA, it has the added flexibility of being a hatchback, and thus having more capability when it comes to large, bulky items. And of course, the CX-3 is quite a shapely machine compared with the awkward, angry-looking iA. That's not to say the iA doesn't have any of its own advantages. It gets 3 more mpg in the city and 6 more on the highway than the CX-3. It also costs roughly $3,000 to $4,000 less than a CX-3 and can be found at more dealers than the Mazda. But it's still surprising that a car, especially a sedan, can outsell a mechanically very similar crossover. Apparently the formula of adding more ground clearance and plastic fenders isn't foolproof. Then again, maybe it's not such a big deal to Mazda, since the CX-3's total sales were just over a tenth that of the Mazda CX-5. Related Video: