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☆ New Toyota Camry to Be Sold Only as Hybrid
▼ + stars: | 2023-11-15 | by ( River Davis | Sean Mclain | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: toyota

Visitors look at a Toyota Camry car during the Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. The 2025 Camry will combine a 2.5-liter gasoline engine with an electric drive system tuned to deliver more power in both front-wheel drive and all-wheel drive versions of the car, Toyota said. The hybrid powertrain and a new electronic all-wheel drive system deliver 232 combined horsepower – nearly 15% more than the outgoing Camry with a mechanical all-wheel drive system, Toyota said. The cheapest Camry hybrid model currently sells for about $2,400 more than the most inexpensive combustion Camry. A current Camry hybrid is rated at 52 miles (84 km) per gallon in combined city and highway driving, compared with a 32-mpg rating for the conventional four-cylinder Camry.

Persons: Athit, David Christ, Christ, Sienna, Joe White, Matthew Lewis Organizations: Toyota Camry, Bangkok Auto, REUTERS, Rights DETROIT, Toyota, Reuters, Los Angeles Auto, Camry, General Motors, Chevrolet Malibu, Honda, Hyundai, Tesla, Car Dealers Association, Thomson Locations: Bangkok, Thailand, U.S, North America, Los Angeles, Detroit, California

☆ New Toyota Camry will be hybrid-only
▼ + stars: | 2023-11-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —The Toyota Camry, the best-selling car in America, is going hybrid-only. The Camry is available in a hybrid version now, but the redesigned 2025 Camry will be offered only as a hybrid car combining a gasoline engine with electric motors. Making the Camry hybrid-only is a big step. The Toyota Crown Signia is a new hybrid-only SUV. Besides unveiling the new Camry Tuesday night, Toyota also revealed another new hybrid-only SUV model, the Crown Signia.

Persons: there’s, We’ve, ” Mike Tripp, Tyson Jominy, “ It’s, ”, “, Jominy, Tripp Organizations: CNN, Toyota Camry, Toyota, Camry, J.D, They’re, Corolla, Lexus Locations: America, Sienna, United States

☆ A 28 year old who went from having 'no assets' to buying his first home and saving enough to quit his six-figure job explains the 'money dials' philosophy he uses to rein in his spending
▼ + stars: | 2023-11-08 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

He worked his way up to making six figures, he said, but his income didn't necessarily make him wealthy. Using the 'money dials' spending philosophy to save $25,000 in one yearWhen Luebben got serious about saving, he started tracking his expenses to understand exactly where his money was going. He learned about a budgeting philosophy called money dials , coined by personal finance expert Ramit Sethi, and decided to implement it. Money dials are essentially spending categories like travel, health, food, and experiences that you can either turn up or down. Sethi encourages everyone to take the time to understand what money dials are the most important to them.

Persons: Brian Luebben, Luebben, Ramit Sethi, Sethi, spender, He'd, Brian Luebben Luebben, Academy didn't, He's, haven't Organizations: Academy, Action Academy Community Locations: Smyrna , Georgia, Georgia

☆ The Ram 1500 Ramcharger will be a hybrid like a diesel locomotive
▼ + stars: | 2023-11-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Stellantis’ new Ramcharger pickup, expected to go on sale late next year, will be an “electric” truck, the company says. It will be sold alongside the Ram REV, the company’s actual fully-electric truck, expected to go on sale around the same time. Tim Kuniskis, the head of Stellantis’ Ram truck brand, insisted during a press conference that the Ram 1500 Ramcharger is not a plug-in hybrid. Also, the Ram truck can use DC fast chargers to quickly recharge its batteries. Ram previously unveiled an electric-only truck, the Ram REV, which will also go on sale late next year.

Persons: Tim Kuniskis, Stellantis ’, Ramcharger, Ram, Kuniskis, “, ”, Carlos Tavares, Stellantis hasn’t Organizations: CNN, Toyota Prius, Chevrolet, Toyota Camry, Ford, General Motors

TOKYO (AP) — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings. Toyota Motor Corp. reported Wednesday 1.28 trillion yen ($8.5 billion) in quarterly profit, up from 434 billion yen the previous year. Quarterly sales rose 24% to 11.43 trillion yen ($75.7 billion) from 9.22 trillion yen. Political Cartoons View All 1227 ImagesToyota is expecting its vehicle sales to grow in most major regions, officials said. A shortage of computer chips caused by the social restrictions of the coronavirus pandemic had previously slammed the supply chain and hurt Toyota sales.

Persons: —, Hannah Schoenbaum, Yuri Kageyama Organizations: TOKYO, Toyota Motor Corp, Toyota, U.S, Camry, Lexus, Tesla, Vehicles Locations: U.S, Europe, Japan, Asia, China, North Carolina, Greensboro, North America, Kentucky, Raleigh, N.C

The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi, India, January 18, 2019. India taxes EVs at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars. Indian giants Tata Motors (TAMO.NS) and Mahindra & Mahindra (MAHM.NS) are backing EVs, while Toyota and Honda Motor (7267.T) want support for hybrids. Toyota has begun developing EVs while also championing hydrogen-powered cars, saying a "multi-pathway" approach is needed to solve the climate crisis. In its letter, Toyota also asks India to bring hybrid cars under a government incentive programme that offers discounts to buyers, a scheme now available only for EVs.

Persons: Anushree, Narendra Modi's, Modi's, Vikram Gulati, Gulati, Aayog, Sarita Chaganti Singh, Aditi Shah, William Mallard Organizations: Toyota, REUTERS, Tata Motors, Mahindra & Mahindra, Honda, EVs, Thomson Locations: New Delhi, India, DELHI, policymaking, Toyota's India

☆ I quit my sales job to live in my Toyota Camry. The simpler life has helped me find happiness.
▼ + stars: | 2023-10-10 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +7 min

Monica Maragos had a good paying job and was making good money when she quit her job to travel. AdvertisementAdvertisementShe downsized her clothes, her shoes and she began to live out of her Toyota Camry. When I was 18 and living in Florida, I got a good job and started making really good money in sales. I also wondered what would happen if I didn't like van life. If you quit your corporate job, significantly downsized your life, or relocated somewhere and would like to share your story, email Alyshia Hull at ahull@insider.com.

Persons: Monica Maragos, —, backpacked, I'm, I've, Maragos, it's, Alyshia Organizations: Service, Toyota Camry, Craigslist, Alyshia Hull Locations: Florida, North Carolina, ahull@insider.com

☆ You have to pay a whopping $76,000 just to be allowed to own a car in Singapore
▼ + stars: | 2023-10-05 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

Drivers in Singapore have to bid for a Certificate of Entitlement to own a car there. AdvertisementAdvertisementIf you want to own and drive a car in Singapore, you're going to have to pay up: Drivers have to now shell out a whopping $76,000-plus to get the right to buy a vehicle there. That certificate is now upwards of a record 146,002 Singapore dollars, about $106,000, for an SUV, Reuters reported. AdvertisementAdvertisementIt costs at least 76,000 Singapore dollars just to own a smaller vehicle, or what's considered a standard Category A car. The expense comes on top of the cost of the car itself, making vehicle ownership in Singapore unobtainable for many.

Persons: —, what's Organizations: Service, Reuters, Toyota Locations: Singapore, Singapore unobtainable, New York

Cars for sale are parked at used car dealerships in Singapore October 17, 2022. Including COE, registration fees and taxes, a new standard Toyota Camry Hybrid currently costs S$251,388 ($183,000) in Singapore, compared with $28,855 in the U.S. A small, government-subsidised flat in Singapore costs about S$125,000. Now Guan lives without a car, focusing on other perks that Singapore offers for his family. "As a family man, it doesn’t affect me much as Singapore still has a good and stable education system. ($1 = 1.3725 Singapore dollars)Reporting by Xinghui Kok; Editing by Miyoung Kim and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, COEs, Tan Ern Ser, Tan, Jason Guan, Guan, Xinghui Kok, Miyoung Kim, Gerry Doyle Organizations: REUTERS, Rights, Toyota Camry, Toyota Rush, COE, Singapore, Thomson Locations: Singapore, Rights SINGAPORE, U.S

☆ The pandemic broke the used car market — now shoppers are screwed
▼ + stars: | 2023-09-30 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Used cars are still expensive, like they've been for years. Slow car production from 2020-2022 slammed the supply of lightly used cars in 2023, a study shows. AdvertisementAdvertisementRidiculously high used car prices are lingering like the last guest at the dinner party. During the pandemic, used cars got incredibly expensive for a couple of reasons. "There's really no factor contributing for used car prices to go down," Brauer said.

Persons: they've, —, iSeeCars, that's, that'll, Karl Brauer, Brauer, There's Organizations: Service, Toyota, Honda

☆ Exclusive: Toyota plans third India plant, new SUV as domestic sales surge, sources say
▼ + stars: | 2023-09-27 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

The plant's proposed initial capacity would expand Toyota's existing manufacturing capacity in India by as much as 30% from 400,000 units currently. A representative for Toyota's India unit declined to comment. Cars originally from Maruti Suzuki's (MRTI.NS) stable such as the Glanza hatchback and Urban Cruiser Hyryder SUV now account for 40% of Toyota's India sales. Toyota, known for its Fortuner SUV and Camry hybrid in India, told Reuters earlier in September it expects record domestic sales in 2023. If Toyota does decide to press ahead with the model, parts would be imported for assembly in India, they said.

Persons: Maruti Suzuki, Suzuki, Aditi Shah, Edwina Gibbs Organizations: Toyota, Suzuki, Maruti, Cruiser, Reuters, 340D, Hyryder, Thomson Locations: DELHI, India, Europe, North America, Southeast Asia, Bidadi, Karnataka

[1/2] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 18 (Reuters) - Canadian Prime Minister Justin Trudeau said on Monday Canada was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader, Hardeep Singh Nijjar, in British Columbia in June. * First responders located a man, later identified as 45-year old Hardeep Singh Nijjar, suffering from multiple gunshot wounds inside a vehicle. * In July, investigators released information to the public of the believed route taken by the two suspects after the murder. * There were suspicions raised by local community members that there may have been foreign interference in the murder of the Sikh separatist leader.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Nijjar, Timothy Pierotti, Trudeau, Melanie Joly, Kanishka Singh, Michael Perry Organizations: REUTERS, Canadian, Monday Canada, Canada's Royal Canadian Mounted Police, RCMP, Homicide, Toyota Camry, Thomson Locations: Surrey, British Columbia, Canada, India, Washington

☆ Check out Toyota's new $170,000 SUV taking on Bentley and Rolls-Royce
▼ + stars: | 2023-09-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +1 min

Toyota unveiled the new Century, a $170,000 SUV. The Century SUV is designed for people who prefer being chauffeured. But it saves something special for its home market: the Century, an ultra-luxury sedan designed to be chauffeured in. On Wednesday, Toyota unveiled a new Century SUV that looks ready to take on the likes of Bentley and Rolls-Royce. And this Century, Toyota said, will be available to customers outside Japan.

Persons: Bentley Organizations: Toyota, Service, Corolla, Royce Locations: Wall, Silicon, Japan

☆ She Rose From Poverty as China Prospered. Then It Made Her Poor Again.
▼ + stars: | 2023-08-29 | by ( Li Yuan | More About Li Yuan | ) www.nytimes.com time to read: +1 min

Two years ago, as she walked through a hospital hallway in handcuffs and shackles to get tested for Covid, Sun Junli felt ashamed and defeated. The poor village girl in northwestern China had become a successful businesswoman. In 2018, state-owned banks abruptly stopped lending to her business, a chain of cafe restaurants, and the pandemic destroyed her cash flow. By May 2021, Ms. Sun had lost her restaurants, and she was serving 16 days in detention for owing her employees about $28,000 in wages. “We all came from nothing and worked hard to create wealth,” Ms. Sun said.

Persons: Sun Junli, Sun, Weeks, “, ”, Ms Organizations: Toyota Camry Locations: China, Xianyang, Shaanxi Province

☆ Inflation may be cooling — but drivers can’t seem to catch a break
▼ + stars: | 2023-08-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +9 min

Another hefty expense is car insurance, up 17.8% from a year ago. Car repairs and car insurance were the second- and third-largest annual price increases, respectively, tracked by the CPI. Paul Baxter, a mechanic who owns Bullet Proof Off-Road & Auto, a car repair shop in Mesa, Arizona, said he’s paying 30% more for car parts compared to before the pandemic. To keep the lights on, he marks up car parts he sells to customers by 20% to 30%, he told CNN. Paul Baxter, who opened his auto shop in 2016, has had to raise prices due to the rising cost of car parts.

Persons: there’s, Hunter Scott, Scott, ” Scott, they’re, Pam Franks, “, haven’t, ” Franks, Roszell, Kristin Brocoff, hasn’t, CarMD, Paul Baxter, Baxter hasn’t, Paul Baxter Baxter, Baxter, who’s, ”, Ted Canty, Canty, he’s, we’re Organizations: New, New York CNN, Navy, Craigslist, Metro, CNN, Bureau of Labor Statistics, CPI, Farm, Toyota, state’s Department of Insurance, P Global, Auto, FedEx, Social Security, Volkswagen, Security Locations: New York, Arlington , Virginia, Washington , DC, Washington, DC, skyrocket, Louisiana, Pineville , Louisiana, United States, Mesa , Arizona, Wimauma , Florida

☆ Toyota's China venture dismisses some factory workers as sales fall - workers
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

The joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) (601238.SS) laid off the workers over the weekend and offered them compensation, said the workers, who declined to be named for privacy. The workers affected were hired by labor service companies and dispatched to work at the factory of GAC Toyota in the southern city of Guangzhou. The GAC Toyota factory has an annual output capacity of 1 million vehicles and employs around 19,000 people, according to its website. Toyota has been counting on its electric vehicle (EV) models to revive sales in China, which fell 9% in the first six months. The company joined a price war started by Tesla in January and slashed the starting price for its bZ4X EV by 15% in February.

Persons: Levin, bZ4X, Toyota's, Tesla, Zhang Yan, Brenda Goh, Mark Potter Organizations: Toyota Motor Corp, Reuters, Toyota, Guangzhou Automobile Group, GAC Toyota, GAC, Mitsubishi, China Association of Automobile Association, Thomson Locations: SHANGHAI, China, Guangzhou

☆ Toyota's China joint venture dismisses about 1000 workers
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI/TOKYO, July 24 (Reuters) - Toyota Motor's (7203.T) joint venture (JV) in China said on Monday that it has terminated early the contracts of about 1,000 dispatch workers, in a sign of pressure on automakers from a price war in the world's largest auto market. Toyota's JV in China, Guangzhou Toyota Motor Co, said in a statement to Reuters that it had prematurely terminated contracts for about 1,000 workers with labour services companies in light of recent production levels. The GAC Toyota factory has an annual output capacity of 1 million vehicles and employs around 19,000 people, according to its website. The production of Mitsubishi's new Outlander model remained suspended, Kato added, describing the conditions faced by the company in China as "severe". The company joined a price war started by Tesla in January and slashed the starting price for its bZ4X EV by 15% in February.

Persons: Levin, bZ4X, Toyota's, Takao Kato, Kato, Tesla, Zhang Yan, Brenda Goh, Daniel Leussink, Mark Potter, Sharon Singleton Organizations: Toyota, JV, Guangzhou Automobile Group, Reuters, Toyota's JV, Guangzhou Toyota Motor, GAC Toyota, Mitsubishi Motors, GAC, China Association of Automobile Association, Thomson Locations: SHANGHAI, TOKYO, China, Guangzhou, Shanghai, Tokyo

[1/2] The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi, India, January 18, 2019. REUTERS/Anushree Fadnavis/File PhotoTOYOTA CITY, Japan, June 14 (Reuters) - Shareholders of Toyota (7203.T) voted down an unprecedented resolution on its automaker's climate lobbying and backed its board at an annual general meeting (AGM) on Wednesday, sending an endorsement of the Japanese automaker's strategy. Shareholders also voted in favour of all 10 members of the board. That vote, and particularly support for Chairman Akio Toyoda, has been in focus after some major U.S. pension funds said they would not vote for Toyoda, citing concerns about board independence. Toyota is taking a multi-pathway approach toward carbon neutrality that includes petrol-electric hybrids and hydrogen fuel cells, along with EVs.

Persons: Anushree, Akio Toyoda, Toyoda, Akio, Tadashi Imai, Daniel Leussink, David Dolan, Christopher Cushing Organizations: REUTERS, TOYOTA CITY, Toyota, Shareholders, Thomson Locations: New Delhi, India, Japan

A Model 3 starts at $40,240 and the price may fall to $25,240 when the $7,500 federal tax credit and another $7,500 from the California tax rebate kick in, depending on income and other requirements. SUPPLY CHAIN TWEAKSAnalysts said Tesla may have tweaked its battery supply chain to meet both battery mineral and battery component requirements for federal subsidy. Tesla used CATL's LFP battery cells for its Model 3 Rear Wheel Drive and nickel-based cells from an unidentified supplier for its Model 3 Long Range, analysts said. CATL and other suppliers like LG Energy Solution (373220.KS) do not have factories to make Tesla cells in the United States. Tesla has also started delivering China-made Model 3s and Model Ys to Canada, freeing up some capacity for U.S.-made models.

Persons: Tesla, Biden, Caspar Rawles, CATL, Morgan Stanley, Adam Jonas, Hyunjoo Jin, David Shepardson, Zoey Zhang, Mark Porter Organizations: FRANCISCO, Toyota, Panasonic, U.S, Mineral Intelligence, BMI, LG Energy, Panasonic Holdings, Tesla, Thomson Locations: WASHINGTON, California, Nevada, KS, United States, North America, U.S, China, Canada, Shanghai

A man appeared on a budgeting podcast to seek help and raise awareness for mental health issues. A man struggling with huge debts appeared on a budgeting podcast last week, saying he was an example of how ignoring mental health can lead to financial problems. "It's been a really, really bad situation I've been in for the past couple of years," Duncan said. "I wanted to be on here to specifically platform how not treating your mental health issues can lead to massive financial strain that I'm in," he said. "Guys, if you have anything with mental health that you need to deal with, anxiety, depression, bipolar disorder, trauma, PTSD, etc.

☆ Every Generations' Favorite Car: Ford F-150, Toyota Camry, Honda Civic
▼ + stars: | 2023-04-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: 1 min

Gen X (45 to 54 years old): Chevrolet Silverado2021 Chevrolet Silverado. ChevroletAfter the Silverado, the top cars for Gen X between the ages of 45 and 54 years old were the Ford F-Series, Ram, Toyota RAV4, and Tesla Model Y.

☆ These are the best cars for families of every size
▼ + stars: | 2023-04-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

US News & World Report released its ranking of the best cars for families in 2023. US News & World Report on Tuesday issued its annual ranking of the best new cars for families. Best 2-Row SUV: Hyundai Santa FeThe Hyundai Santa Fe. HyundaiBest Hybrid Car: Toyota Camry HybridThe Toyota Camry Hybrid. Tim Levin/InsiderBest Hybrid SUV: Toyota Highlander HybridThe 2023 Toyota Highlander.

☆ Bob Lee: Moments following stabbing of Cash App founder captured on video, local news site reports
▼ + stars: | 2023-04-06 | by ( Taylor Romine | ) edition.cnn.com time to read: +4 min

CNN —The moments following the San Francisco stabbing attack of Cash App founder Bob Lee were captured on surveillance video and in a 911 call to authorities, according to a local Bay Area news portal. The driver of the Toyota pulls the car away and Lee collapses to the ground. Lee manages to get up and walk a bit further before he collapses in front of an apartment building. “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.”Her comments appear to be in response to Twitter’s new owner, billionaire Elon Musk. In total, there were 56 homicides in San Francisco in 2022, the same as in 2021.

☆ Japan's Toyota hands St Petersburg plant over to Russian state
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

"Toyota's production site in St Petersburg has... been transferred to the state," Russia's Ministry of Industry and Trade said in a statement. The company said in September it had decided to stop vehicle production in Russia due to the interruption in supplies of key materials and parts. "Toyota confirms that it has concluded the transfer of its vehicle production plant to NAMI effective from March 31, 2023," Toyota said in a statement. Neither party disclosed a fee for the transaction, and Toyota declined to give any further details of the deal. NAMI, Russia's Central Automobile and Engine Research and Development Institute, has already taken plants from Renault and Nissan.

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