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☆ Use this calculation to find the best used car for your money — plus 10 models that come out on top
▼ + stars: | 2022-12-27 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

The report then ranked those models based on the cost per remaining mile calculation to determine which used cars are the best deal. The 10 best used cars for the moneyIn the No. Overall, five Toyotas made the top 10 list of best 5-year-old used cars for the money, also including the Camry, Corolla and Avalon. He offered these five tips for anyone in the market for a used car. Being "basic" has its benefits: Going with widely popular models has an added advantage when it comes to buying a used car, Drury said.

☆ Toyota's sleeker, quicker Prius will cost $27,450. See the new-and-improved hybrid here.
▼ + stars: | 2022-12-14 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

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The Detroit automaker's average estimated real-world fuel economy and its carbon emissions ranked the second-worst in the industry for the 2021 model-year, according to the EPA. Both automakers decreased their fuel economy and increased C02 emissions since the 2016 model-year, according to the EPA, as did Hyundai Motor , Mazda and Volkswagen . The 2021 average vehicle fuel economy was at an all-time high of 25.4 miles per gallon, unchanged from the year prior. Its average fuel economy, which is measures in terms of miles per gallon of gasoline equivalent, or mpge, was 123.9 miles. Just 4% of 2021 vehicles were electric, plug-in hybrids or fuel cell vehicles, though the EPA projects that figure will rise to 8% in 2022.

☆ Exclusive: Toyota to outline 3-year EV plan changes to suppliers
▼ + stars: | 2022-12-11 | by ( Norihiko Shirouzu | ) www.reuters.com time to read: +5 min

The leading Japanese automaker is expected to detail the EV plan changes through early 2026, communicating the adjustments to major suppliers, the people said on condition of anonymity as the information is confidential. Toyota is set to convene a major powwow of suppliers in February, the first such global supplier convention since the pandemic. The working group has been charged with outlining plans to improve Toyota's EV approach, including considering a potential successor to its new EV platform, e-TNGA. Toyota has been working with two suppliers Denso (6902.T) and Aisin (7259.T) for its EV reboot. That resulted in a soon-to-be-marketed, China-only Toyota electric sedan called the bZ3, powered by BYD batteries.

☆ Short Hills Capital Partners' Stephen Weiss would rather short Tesla than own it
▼ + stars: | 2022-12-08 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Stephen Weiss, the chief investment officer and managing partner of Short Hills Capital Partners, is very bearish on Tesla stock. Currently, Musk is running SpaceX, the Boring Company, Tesla and Twitter, which Weiss added is a "complete nightmare." Headwinds for Tesla, EVs In addition, he sees rising competition, a lack of infrastructure and a weak economy as major headwinds for Tesla going forward. "Now you look in a garage, you look anywhere, and you see tremendous cars that make Teslas look like Model Ts," he said, pointing to models from Ford and Porsche. Beyond his views on Tesla, Weiss recently sold Dick's Sporting Goods and Honeywell for profit in a rough environment to make money.

☆ Toyota offers cheaper Prius if customers take software updates
▼ + stars: | 2022-12-07 | by ( Satoshi Sugiyama | ) www.reuters.com time to read: +2 min

The lease program will require customers to opt in for a service expected to bring monthly lease payments down by 10%, Toyota's leasing affiliate said. The service marks the first time Toyota will update its safety features, including the collision avoidance system, for a car on the road, said Shinya Kotera, president of KINTO, the Toyota leaser unit in Japan. Tesla has routinely used over-the-air software updates to improve charging speed on its electric vehicles, unlock additional battery range and fix safety issues. Toyota unveiled the new Prius last month amid criticism from ESG investors and environmental groups for its slow rollout of fully electric vehicles. The leasing unit wants to expand the service to other vehicles within a year or two and is considering plans to make it a global offering, Kotera said.

☆ These 10 cars have the greatest potential lifespan — and 6 are Toyotas
▼ + stars: | 2022-12-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch nowNew cars are getting increasingly expensive. But they're also more durable than before, which means drivers have a better chance of getting their money's worth. Power and LMC Automotive — the average age of cars on the road also hit an all-time high of 12.2 years in 2022, a separate report by IHS Markit found. The average age had been just over 11 years a decade ago. 10 cars with the greatest potential lifespanAmong the models with the greatest potential lifespan, Toyota Sequoia topped the list, with the ability to travel nearly 300,000 miles, followed by the Land Cruiser, according to a recent iSeeCars study, which analyzed more than 2 million cars over the past 20 years to see which vehicles could last the longest.

☆ A TikTok star breaks down how much it costs to make stunt videos, like welding 2 cars together and sending a GoPro down a water hole
▼ + stars: | 2022-11-24 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

Here's how much he spent on "First Double-Sided Prius" and "GoPro Down A Treacherous Water Hole." While creators like him may earn a lot, Sawyer said, they also spend a lot — and not only on videos. Sending a GoPro camera down a water holeThe idea for this video came when Sawyer saw a post on TikTok showing a water canal in Oregon. In total, Sawyer spent about $2,500 on it, including an estimated $300 on gas he put into the car he rented once in Oregon. The series made him $1,456 from ads on his long-form YouTube video and about $3,750 from creator funds on TikTok and YouTube Shorts.

☆ Mazda to invest $11 billion to electrify its vehicles
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Japan's Mazda Motor Corp (7261.T) will invest about 1.5 trillion yen ($10.58 billion)to electrify its vehicles, including boosting production of battery EVs, and aims to increase their share in the company's overall global car sales by 2030. The ratio of electric vehicles (EVs) in global sales is expected to rise to between 25 percent and 40 percent as of 2030, from 25% previously, the company said in a statement. Automakers worldwide are spending billions of dollars to ramp up battery and EV production in the face of tougher environmental regulations. In August, Toyota Motor Corp (7203.T) said it would invest up to 730 billion yen in Japan and the United States to make batteries for fully electric vehicles as opposed to hybrid gasoline-electric cars like the Prius. Shoichi Matsumoto, Envision AESC chief executive, told Reuters last month it was in talks with automakers in Japan, Europe, the United States and China for new supply deals.

☆ Mazda to invest $11 bln by 2030 to procure EV batteries - Nikkei
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Japan's Mazda Motor Corp (7261.T) plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC, the Nikkei business daily reported on Tuesday. The Hiroshima-based automaker will secure batteries and seek to increase production of fully electric vehicles at factories in Japan through the partnership with Envision AESC, the newspaper reported. Both Mazda and Envision AESC declined to comment. Mazda is set to hold a news conference at 0530 GMT on Tuesday to talk about it medium-term business plan. Shoichi Matsumoto, Envision AESC chief executive, told Reuters last month it was in talks with automakers in Japan, Europe, the United States and China for new supply deals.

☆ Wall Street finally has the leverage it's been wanting over Big Tech
▼ + stars: | 2022-11-18 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +6 min

Take one giant step back, and there's one group benefitting from all the tech carnage: Wall Street investors, who finally have leverage over Big Tech after years of having to swallow spending to excess. Wall Street is ready to slice and dice. The balance of power has shifted: With tech companies struggling on the public markets, Wall Street has more leverage than it's held in a long time. Read more about how Wall Street is taking the driver's seat in tech here. Their mutual interest is complicated by fights over licensing and costs, Insider reports here.

☆ Toyota upgraded the Prius to have even better gas mileage, sleeker looks, and a lot more power
▼ + stars: | 2022-11-17 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

☆ Googlers are making memes to deal with the looming threat of job cuts
▼ + stars: | 2022-11-17 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +4 min

Meanwhile, former Yahoo CEO and one-time Google exec Marissa Mayer is sounding the alarm bell that the web itself could be degrading in quality. Google employees meme past the graveyard. Elon Musk fired as many as two dozen Twitter employees this week who had criticized his leadership style. Now, Twitter employees are deleting internal Slack messages they fear Musk won't like, so as to avoid his wrath. A Twitter exec went so far as to warn employees to use Slack "wisely."

☆ Toyota Unveils New Prius as EV With an Engine
▼ + stars: | 2022-11-16 | by ( Sean Mclain | River Davis | ) www.wsj.com time to read: 1 min

Toyota’s new Prius hybrid goes on sale starting this winter. The Prius hybrid helped cement Toyota Motor Corp. ’s environmental bona fides in the late 1990s by marrying an electric motor to a gasoline engine to boost fuel economy. Now, this pioneering model is getting a reboot, as the Japanese car company looks to arrest a multiyear sales slide for the car and prove hybrids have staying power in the electric-vehicle age.

☆ Toyota Pitches New Prius Hybrid as ‘EV With an Engine’
▼ + stars: | 2022-11-16 | by ( Sean Mclain | River Davis | ) www.wsj.com time to read: 1 min

Toyota’s sales of its Prius hybrid have declined in recent years as rival brands put out their own hybrids. The Prius hybrid helped cement Toyota Motor Corp. ’s environmental bona fides in the late 1990s by marrying an electric motor to a gasoline engine to boost fuel economy. Now, this pioneering model is getting a reboot, as the Japanese car company looks to arrest a multiyear sales slide for the car and prove hybrids have staying power in the electric-vehicle age.

The chip is called the Zynq UltraScale+ MPSoC and was developed by Xilinx, which was acquired by AMD this year. This will allow automakers to update not only software, but also the chip, after the car is sold, Rehan Tahir, AMD’s senior product marketing manager for automotive told Reuters. Tahir said the Aisin auto parking system will start production on 2024 models, but declined to say which car brands would use it. Tahir said the Aisin system works with four cameras and 12 ultrasonic sensors on the car to parallel park and also back into parking spaces. But the human in the car will have to decide if that spot is in a no-parking zone, he said.

☆ Toyota revamps Prius in bid to give hybrids back their halo
▼ + stars: | 2022-11-16 | by ( Satoshi Sugiyama | ) www.reuters.com time to read: +2 min

Toyota billed the new Prius, with its shark-like front and ability to operate as an electric-only vehicle for most daily driving, as a way bring hybrids to a wider audience. Launched in 1997, the petrol-electric Prius hybrid was a hit with eco-conscious drivers and even now it is among the most fuel-efficient mid-priced. The hybrid models will launch this winter and the plug-in hybrids will launch in the spring, it said. The new Prius will be the first to feature Toyota's 2-litre plug-in hybrid system, which includes an EV driving range that is about 50% higher than that of the previous model, Toyota said. Toyota has also pushed back against critics, saying hybrids make sense in markets where infrastructure isn't ready to support a faster move to battery vehicles.

☆ Trade in your pickup truck for a Prius if you want a more reliable vehicle, Consumer Reports says
▼ + stars: | 2022-11-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Consumer Reports released its annual ranking of the most reliable car brands, models, and categories. Consumer Reports asked its members about 17 trouble spots, from minor annoyances like fading paint and squeaky brakes to major problems like a faulty transmission. The most reliable vehicle types, according to Consumer Reports. Consumer ReportsHybrids are slightly more expensive than their gas-fueled counterparts, but fuel savings can offset that over time, Consumer Reports said. The 2023 Toyota Corolla Hybrid is the most reliable new vehicle you can buy, according to Consumer Reports, while the least reliable is the Ford F-150 Hybrid.

☆ Toyota unveils new Prius hybrids amid skepticism of its EV strategy
▼ + stars: | 2022-11-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

The automaker late Tuesday revealed new versions of the Prius hybrid and Prius Prime, a plug-in hybrid electric vehicle. 2023 Toyota Prius hybrid ToyotaMoving forward with the Prius as other automakers vow to go all-electric in the years ahead is part of Toyota CEO Akio Toyoda's electrification strategy. Since the Prius launched in 1997, Toyota says it has sold more than 20 million electrified vehicles worldwide. The company says those sales have avoided 160 million tons of CO2 emissions, which is equivalent to the impact of 5.5 million all-electric battery vehicles. Interior of the 2023 Toyota Prius Toyota

☆ Toyota's new Prius has a little more MPG but lots more power
▼ + stars: | 2022-11-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —Toyota unveiled an all-new version of its famous Prius hybrid car Wednesday just ahead of the Los Angeles Auto Show. With its batteries fully charged, the new Prius Prime will go at least 50% farther without burning any gasoline as today’s Prius Prime does, according to Toyota. It will be able to produce up to 220 horsepower, 100 horsepower more than today’s Prius Prime. Almost every vehicle in Toyota’s line-up is now available with hybrid power. Along with the Prius, Toyota also unveiled the Toyota BZ Compact SUV concept.

☆ America's next main battle tank may be a slimmed-down, high-tech version of the iconic Abrams
▼ + stars: | 2022-11-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

The US military has fielded the Abrams tank for more than 40 years. General Dynamics, which builds the Abrams, recently unveiled an updated version of the M1. The diet M1General Dynamics' AbramsX tank. US soldiers do maintenance on an Abrams tank in Germany in August 2017. "If you keep the armor protection at a very minimal level, that's how we achieve the 60 tons," Reese said.

☆ Catalytic Converter Theft Surges as Precious Metals Attract Criminal Groups
▼ + stars: | 2022-10-29 | by ( Joe Barrett | ) www.wsj.com time to read: 1 min

Police around the country are using gumshoe detective work to break up sophisticated rings that steal catalytic converters, though many fear that they aren’t making a dent in a crime wave triggered by pricey precious metals. Catalytic converters, cylindrical hunks of metal within the exhaust system of most cars and trucks, transform harmful gases into less-harmful ones using precious metals including rhodium, palladium and platinum. Some vehicles, such as Toyota Prius models, large pickups and delivery trucks, are often targeted by thieves because their catalytic converters contain a lot of the metals.

☆ Some of America's favorite cars, like the Toyota RAV4 and Prius, are now vastly unaffordable thanks to flat wages and astronomical prices
▼ + stars: | 2022-10-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Popular cars like the Toyota RAV4 and Ford Mustang aren't affordable to buy used anymore, according to a new study. For example, a three-year-old Toyota Prius will now run you $32,000. A shortage of new vehicles and other pandemic-related factors have driven car prices through the roof in recent years. "From August of 2019, well before the pandemic lockdowns started, to August of 2022, new car prices increased by almost 29 percent, and three-year-old used car prices increased by 52 percent, but incomes increased by only 13%," said Karl Brauer, executive analyst at iSeeCars. A three-year-old used car needs to cost $25,542 or less to be affordable under iSeeCars' criteria.

☆ Toyota’s new, new EV plan suggests smarter driving
▼ + stars: | 2022-10-25 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

MELBOURNE, Oct 25 (Reuters Breakingviews) - Toyota Motor (7203.T) may be driving towards its third electric-car reboot in just 13 months as it tries to catch up with Tesla (TSLA.O), Reuters exclusively reported on Monday. But the $218 billion Japanese carmaker’s latest overhaul suggests it’s getting serious about addressing missteps with more speed. Electric-vehicle sales, especially in the past two years, have put the lie to that belief; growth has easily outpaced that of Toyota’s hybrids. The plan would involve slowing down the rollout of electric vehicles already in development so that Toyota could devise a more efficient manufacturing process. Register now for FREE unlimited access to Reuters.com RegisterEditing by Robyn Mak and Thomas ShumOur Standards: The Thomson Reuters Trust Principles.

☆ The world's biggest automaker said it will make fewer cars than expected this year due to the global semiconductor shortage
▼ + stars: | 2022-10-21 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Toyota said it will make fewer cars than the 9.7 million it had expected to make this year. Toyota previously said it expected to make 9.7 million cars during the 2023 financial year, however as a result of the plan it now expected output to be lower. The company did not say how far short it expects production to be. In late September, the company said that similar parts shortages would shave 50,000 vehicles from its schedule in October. Toyota — which produces globally recognizable models like the Prius — sold 10.5 million vehicles in 2021, 1.6 million ahead of next-placed Volkswagen, per Reuters.

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