Toyota/Lexus News May 13, 2016
Here is the weekly dose of Toyota/Lexus for May 13, 2016.
Toyota Motor Corporation (TMC) Announces Financial Results for Fiscal Year Ended March 31, 2016
Toyota’s global net income increased 6.4 percent for the 2016 fiscal year which ended March 31, 2016. Global sales of 8,681,328 vehicles decreased by 290,536 units compared to the previous fiscal year. North America posted sales gains, while Europe, Asia and other regions declined. Consolidated net revenues for the period totaled 28.4031 trillion yen (*$236.692 billion), up 4.3 percent. Operating income increased to 2.8539 trillion yen (*$23.782 billion), up 3.8 percent. Net income jumped to 2.3126 trillion yen (*$19.271 billion), a 6.4 percent increase. In North America, sales increased by 124,056 vehicles to 2,839,229 unit and operating income (excluding valuation gains/losses from interest-rate swaps) decreased to 505.6 billion yen (*$4.213 billion).
The Million-Mile Toyota Tundra; Learning from a Truck after Eight Safe Years on the Road
Toyota customer Victor Sheppard was so satisfied with his Toyota Tundra, even after he had safely driven 1 million miles, he continued driving it. When Toyota saw the well-kept truck, they asked: What is a Toyota Tundra with more than a million miles worth? For Toyota’s production engineers and team members, the truck’s longevity offers invaluable insight for future products. For Sheppard, it was worth a new truck. Toyota Motor Sales, U.S.A., Inc. swapped trucks with Sheppard at Greg Leblanc Toyota in Mr. Sheppard’s hometown, Houma, La., during a brief ceremony.
Toyota Signs Championship Off-Road Racer BJ Baldwin to Multi-Year Sponsorship; Two-Time Baja 1000 Champion Reveals Tundra TRD Pro Trophy Truck at AMA Supercross Finals
Before a roaring crowd of AMA Supercross fans, Toyota announced its sponsorship of BJ Baldwin, off-road racing superstar and mastermind behind the successful #Recoil video franchise. “Ballistic” BJ, an off-roader who has won the grueling Baja 1000 twice without the assistance of a second driver, will join Toyota’s diverse roster of sponsored athletes and will field a Tundra TRD Pro Trophy Truck in the SCORE International and Best in the Desert (BITD) series.
Olympus Rally Next Challenge for RAV4; Fresh Off Oregon Trail Win, Ryan Mille n and 2016 RAV4 SE Look to Repeat
Coming off of a high from the last round’s nail-biter win at Oregon Trail, Ryan Millen, Christina Fate, and the Rally RAV4 are looking for back-to-back wins at the Olympus Rally in Shelton, Wash. The rally promises an action-packed two days of dirt-spitting action. A challenging 125 stage miles mean a long rally with plenty of tests for drivers and cars alike. The rally has a combination of long, flat straights coupled with tight, twisty bits that should play to the RAV4’s strengths.
Toyota Rewards Academic Excellence in STEM-Related Fields; Scholarships Granted to 22 Asian Pacific Islander (API) Students
In celebration of Asian-Pacific American Heritage Month, Toyota is pleased to announce that it awarded scholarships to 22 Asian Pacific Islander American (APIA) students for post-secondary education in the disciplines of science, technology, engineering and mathematics (STEM).
New IUCN-Toyota partnership to expand knowledge of threats to global biodiversity
Toyota is supporting a deeper understanding of threats to biodiversity and global food supplies through a 5-year partnership with the International Union for Conservation of Nature (IUCN). It is a significant step to achieve IUCN’s goal of doubling the number of species assessed by 2020 painting a more comprehensive picture of the state of global biodiversity and a key project in the initial phase of the Toyota Environmental Challenge 2050.
Toyota Opens New Engine Plant in Porto Feliz, São Paulo
Toyota do Brasil LTDA (TDB) officially opened a new engine manufacturing facility in the city of Porto Feliz.
Filed Under: Auto News