Currently, there is only one Lexus plant outside of Japan. A Toyota factory in Cambridge, Ontario makes the Lexus RX crossover, while Toyota’s Georgetown, Kentucky plant will come online in 2015. Like other Japanese auto makers, Toyota is moving towards a localization of its production facilities, but one thing they won’t be doing is producing Lexus vehicles in China.
We treat the physical results of capitalism as though they were an inevitability. In 1955, no captain of industry, prince, or potentate could buy a car as good as a Toyota Camry, to say nothing of a 2014 Mustang, the quintessential American Everyman’s car. But who notices the marvel that is a Toyota Camry?
TTAC is not like most car blogs – and I mean that in the most complimentary way possible. Last week, the introduction of the newly refreshed Toyota Camry was the most popular article on the site. I couldn’t be happier.
From this week’s Automotive News, editor Jason Stein talks to former Hyundai CEO and now TrueCar board member John Krafcik about connected cars
“Do you notice that as we talk about increased connectivity in the car, we are also talking about being less connected with the car?” Krafcik asks through a phone line. “Connectivity and autonomy. Sounds like those are at odds with each other, hey?”
Did the second-generation Honda Insight fail in the marketplace because of a lack of marketing resources? If you said “yes”, then you may want to look at a gig at American Honda.
Via Zero Hedge, we have a listing put up by the Italian government of 1,500 luxury cars that are being auctioned off. Italy, which is deep in the throes of austerity, is doing the wise thing from an optics perspective, as the cars have come to symbolize government waste and unnecessary opulence.
Industry sources tell TTAC that Buick is due for a new niche car in the next couple of years, and it could only be one of two models.
The first NAIAS press day I ever attended was in 2010. The auto industry was just finding its feet again after coming off record low sales. Discretion was the order of the day, with Ford unveiling the 2011 5.0 Mustang off-site, as fuel economy, alternative powertrains and other politically correct “stories” took precedence of power and brawn. Nancy Pelosi walked the show floor. For the first time in years, there’s an air of confidence surrounding the show. The industry appears to have found its legs again, the OEMs are making money, and a host of important debuts are set to be unveiled. Let us know what you’d like to see covered. We’ll make sure to have our photographers snapping pictures while myself and Juan bring you all the info.
Two years ago, I sat here pontificating about the 2012 Ford Fusion and its potential to be a “game changer” in the mid-size sedan market. Without any kind of concrete claim, it’s difficult for me to gloat about the accuracy of my claim, or for you, the B&B, to mock me for my over-exuberance (ok, it’s not). But this year, I’ve got something better: a prediction market of sorts, for the automotive industry. And it’s open to everyone.