Toyota/Lexus News May 20, 2016
Here is a the weekly recap of Toyota/Lexus news for May 20, 2016.
Read more…Toyota Forced to Close San Antonio Truck Plant for Storm Repairs
Severe storms in the San Antonio, Texas area have forced Toyota to shut down operation at the Tundra/Tacoma plant for a few days. This could put a tight squeeze on sales volume.
Review: 2016 Toyota RAV4 Limited Adds More Style, Quieter Cabin Still Lacks Pop
When it comes to compact SUVs, the Toyota RAV4 stands out in many people’s minds due to its reliability and size. Yet, Toyota aims to expand this view with an upgraded exterior, improved interior and a hybrid option. All of these additions help increase the appeal of the 2016 Toyota RAV4, but borrowing a turbo-charged engine from Lexus would go a long way to really improve the SUV.
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Toyota’s CEO Jim Lentz Talks About Companies Future and Oil Prices Affecting Decisions
Periodically Toyota’s communications team interviews executives and other individuals, journalists simply don’t have access to. Here is a great example of these interviews with CEO Jim Lentz. While he doesn’t share any shocking, breaking news items, I think his discussion on oil prices and the change in consumer behavior is spot on and is part of the reason why he has been cautious when he talks about spending more resources on truck development. Sure, trucks are hot right now, but what happens in 5 years which is about the time frame for when a new production facility could come online. Will trucks still be hot? If only we had a crystal ball.
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