Toyota Spending $2 Billion to Develop Electric Cars in Indonesia

Having recently announced plans to “popularize” battery electric vehicles, Toyota now expects half of its global volume to stem from electrified cars by 2025. That’s five years sooner than originally promised.

Toyota may seem perpetually averse to change but it has been making a lot of moves behind the scenes to ensure it’s at the forefront of a shifting market while also trying to future proof itself in the event that electrification winds up being a dead end. The plan is rather complex and, as I don’t want to re-write a 900-word article, I would like to redirect you to the relevant information.

However, as nuanced as Toyota’s overall strategy may be, the company is still going to need to spend truckloads of cash to remain in the game. With that in mind, the Japanese automaker appears to be investing $2 billion to develop electric vehicles in Indonesia over the next four years — with hybrids being first on the docket.

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GM-Rivian Talks Break Down, but Rivian Doesn't Seem Worried

General Motors has been negotiating with Rivian, the Michigan-based company developing some of the slickest EVs we’ve seen in a while, over the possibility of purchasing an equity stake in the promising startup. Following news that Amazon was leading a $700 million round of funding in Rivian in February, reports came streaming in that the biggest of The Big Three would likely become the startup’s next backer.

The rumored deal was expected to result in GM bringing an electric pickup to market sooner than anticipated, with Rivian seeing a boost to its funds and manufacturing capabilities. However, talks don’t appear to have progressed as expected.

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Report: VW to Invest $1.7 Billion Into Ford's Autonomous Arm

It appears that a presumed rough patch in Ford and Volkswagen’s relationship is over, now that The Wall Street Journal is reporting on VW preparing a nearly $2-billion investment into the Blue Oval’s autonomous development unit, Argo AI.

Earlier this month, claims arose that negotiations had reached an uncomfortable crossroad, with Volkswagen balking at Ford’s proposed admittance fee. Under the new deal, VW would set aside $600 million as an equity investment into Argo — acquiring half of the business in the process — followed by subsequent investments totaling $1.1 billion for the subsidiary’s research and development efforts.

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The 21 Best Cyber Monday Deals on Amazon: Up to 70% OFF

We’ve been on Amazon all morning to find the best Cyber Monday Deals on TVs, tools, toys, home furnishings and more.

Here they all are—up to 70% OFF.

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The Best Cyber Monday Deals & Big Automotive Discounts

30% Off NOCO Car Battery Jump Starters

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Here Are Your Hurricane Discounts for 2018

This time last year, automakers were busy offering discounts to Houston-area residents in the aftermath of Hurricane Harvey. With Hurricane Florence now leaving billions of dollars in damage in her wake, we appear to be settling into an new trend of annual incentives stemming from natural disasters. It’s like truck month for a very specific and unfortunate consumer group.

While none of the current deals are on par with replacing a vehicle obliterated by the storm, they are nice little incentives that could help influence your purchasing decisions. CarsDirect compiled a short list of the manufacturers offering discounts if customers can prove their automobile was lost to an Act of God this month.

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Freeing Up Factories: Toyota to Consolidate Electronics Operations Within Denso

Toyota Motor Corp. says it had reached an agreement to consolidate all of its core electronics component operations within Denso. The move should allow Toyota to free up resources to compete more effectively in the new vehicle technology field.

Japan’s largest automaker noted it still has to discuss the logistics of transferring production of parts produced at its Hirose plant, near Toyota’s global headquarters, before the end of next year. But Denso, the company’s largest supplier, has already agreed to the core concept of the deal. By 2022, Denso will have taken over the mass production of all electronics components used in Toyota’s vehicles.

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Tesla Talks on Track, China Says, Despite Musk's Trade Rant

Earlier this month, Tesla Motors CEO Elon Musk called into question the fairness of China’s automotive trade practice via a handful of tweets to President Donald Trump.

“Do you think the US [and] China should have equal [and] fair rules for cars? Meaning, same import duties, ownership constraints [and] other factors,” Musk asked. “For example, an American car going to China pays 25 [percent] import duty, but a Chinese car coming to the US only pays 2.5 [percent], a tenfold difference.”

While Trump used Musk’s Twitter outburst as proof of China’s trade imbalance with the United States, the media began to wonder if the Tesla CEO was having an unpleasant time negotiating with the nation. In 2017, the automaker appeared to be on the cusp of a deal to build a factory in Shanghai — allowing it to cut costs within the region by a third. Fortunately for the brand, Musk’s trade concerns haven’t derailed progress. The Shanghai government has confirmed its talks with Tesla are progressing well.

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Leasing a Wrangler? If You're Really Cheap, You Might Want to Choose the Newer Model

Unlike other vehicles in the Fiat Chrysler lineup, and we could list off a number of them, Jeep’s Wrangler line has a near supernatural ability to hold on to its value. Does worrying about depreciation keep you up at night? Forget that compact sedan and shell out a little more for a Wrangler.

For non-buyers, however, the leases offered by Jeep on both the 2018 JK Wrangler Unlimited and next-generation 2018 JL Wrangler Unlimited present both an opportunity and a mystery. Strangely, the cost of leasing an all-new Wrangler amounts to one dollar a month less than the cost of leasing the old Wrangler. What gives?

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Kia Niro Plug-in Looks to One-up the Toyota Prius Prime in One Key Way

Kia’s well-regarded Niro, the boxy, decent looking hybrid five-door that’s a cross between a crossover and a hatch (it doesn’t offer all-wheel drive), spawns a plug-in sibling for 2018.

Positioned as a mainstream offering for green yet thrifty families, both Niro and Niro Plug-in offer more than 100 cubic feet of passenger volume in an incognito body while delivering fuel economy approaching that of the Toyota Prius. In plug-in form, the Niro travels 26 miles before requiring the assistance of gasoline.

While the Niro Plug-in’s price tops that of a base Prius Prime, we’ve learned Kia has a strategy for scoring value-minded buyers.

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Oil Crash: Audi, Volkswagen Discounting Old 3.0-liter TDI Models

Volkswagen’s 3.0-liter diesel V6 isn’t returning to the U.S. anytime soon. After forking over roughly $25 billion in the wake of its diesel deception, the company’s not exactly enthused about getting back into the compression ignition game. But that doesn’t mean buyers aren’t.

Europhiles with a penchant for low-end torque can still get their hands on a diesel Volkswagen or Audi SUV that meets federal emissions standards. And, thanks to new discounts, they’ll stand to save some money.

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Cyber Monday Deals You Might Wish You'd Sprung for, Come Christmas

We scoured the internet for the best Cyber Monday deals for car people.

If you’re a gamer, there’s a ton of equipment and games for sale, but we found a few other useful deals as well! Check out the best deals we found below:

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Forget Standing Outside the Apple Store, There's Deals to Be Had at the Dealership

Black Friday, the strange and alluring date that compels companies to push certain deals in a bid to firm up the bottom line, doesn’t end when the clock strikes twelve. Nor do the savings only apply to bizarrely non-car-related items that can leave readers of certain websites scratching their heads. Automakers, for example, regularly push Black Friday savings through to the end of the month.

With a handful of days remaining, there’s no shortage of car companies ready and willing to dent your new vehicle’s hood with a bag of cash. So, if you’re in the market, put down that bamboo oil diffuser and let your mind (and wallet) roam. Here’s what might be on offer at your local dealer.

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The Top 21 Black Friday Deals on Amazon - All Categories

Now that Thanksgiving is over and the dishes put away, the real fun begins. Black Friday marks the start of the shopping season and with it comes a virtual boatload of the best Black Friday deals.

We scoured Amazon.com for all the best Black Friday deals we could find on everything from TVs and electronics to outdoor goods and automotive. Here’s what we found:

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Top 10 Black Friday Deals For the Car Aficionado in Your Life

Get a start on your Christmas shopping for the car person in your life (or for yourself) with these Black Friday deals.

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  • Lorenzo Nice going! They eliminated the "5" numbers on the speedometer so they could get it to read up to 180 mph. The speed limit is 65? You have to guess one quarter of the needle distance between 60 and 80. Virtually every state has 55, 65, and 75 mph speed limits, not to mention urban areas where 25, 35, and 45 mph limits are common. All that guesswork to display a maximum speed the driver will never reach.
  • Norman Stansfield Automation will make this irrelevant.
  • Lorenzo Motor sports is dead. It was killed by greed.
  • Ravenuer Sorry, I just don't like the new Corvettes. But then I'm an old guy, so get off my lawn!😆
  • Lorenzo Will self-driving cars EVER be ready for public acceptance? Not likely. Will they ever by accepted by states and insurance companies? No. There must be a driver who is legally and financially liable for whatever happens on a public thoroughfare. Auto consumers are not afraid of the technology, they're afraid of the financial and legal consequences of using the technology.