Figure comes on $1bn investment from Toyota, SoftBank fund and Denso investment Go to Source
Tag: Toyota
UPDATE 1-Uber’s self-driving unit valued at $7.25 bln in new investment
SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September… Continue reading UPDATE 1-Uber’s self-driving unit valued at $7.25 bln in new investment
Ford gives relaunched Escape sleek look, refined cabin in bid for car drivers
Adam Jeffery | CNBC
2020 Ford Escape
The market for sport-utility vehicles has grown at an unprecedented rate, especially for car-based crossovers, and few industry analysts expect the surge to level off anytime soon, which is why this year's New York International Auto Show is awash in new “two-box” designs of various sizes and prices.
One of the most important of those debuts will be the next-generation Ford Escape. Ford was a pioneer in the SUV boom with its big Explorer. But in recent years the Escape has become its dominant offering — generating sales second only to the full-size Ford F-Series pickups. And with so many new competitors coming to market for 2020 and beyond, Ford is going to have to nail it with the new crossover utility vehicle, or CUV.
Adam Jeffery | CNBC
2020 Ford Escape
One way it hopes to increase Escape's appeal is by offering the compact crossover with a variety of powertrain options that, for the first time will include not only a gas-electric hybrid but a plug-in hybrid. It is also planning to add a more rugged version that will challenge the off-road credibility of Jeep's Cherokee.
“This all-new Escape brings a sleeker, sportier design with the capability to take you on just about any of your life's adventures,” Kumar Galhotra, Ford's North America president, said ahead of Escape's debut in New York. “With our class-leading hybrid powertrains, customers will spend less time at the gas station and more time on the road.”
Ford was actually a latecomer to the compact utility vehicle segment, following Japanese offerings like the Toyota RAV4 and Honda CR-V. And, in its initial incarnation, it used a more traditional, truck-based body-on-frame design. That meant it was more rugged than the Asian models that were often derided as “soft-roaders,” but it also lacked their on-road manners and fuel economy.
Ford Motor US sales down 1.6% from a year ago
9:43 AM ET Thu, 4 April 2019 | 01:59
When a third-generation Escape was launched in 2013, Ford migrated to a crossover platform, boosting comfort and handling, as well as mileage, and gaining traction with U.S. buyers.
The fourth-generation Escape takes the same approach, but it adopts an even sleeker look, in part to put some distance between it and the reborn Bronco model that Ford will launch in 2020.
“We want to have really differentiated styling. “The new Escape's silhouette is very sleek, dynamic — more progressive. The off-road [Bronco] will be more upright, boxy,” said Hau Thai-Tang, Ford's executive vice president of product development.
The Escape's cabin will also take on a more refined, car-like look, reflecting the fact that Ford expects it to pick up many of the buyers it might otherwise lose as it abandons such familiar sedan nameplates as the Fiesta, Focus and Fusion over the next several years.
Escape will be loaded with the sort of high-tech features that younger buyers crave, including the latest take on Ford's Sync infotainment system, now able to handle both Apple CarPlay and Android Auto. It also will offer an assortment of advanced driver assistance features, dubbed Co-Pilot 360, including automatic emergency braking and blind-spot detection, as well as the ability to park itself in a tight spot.
Adam Jeffery | CNBC
2020 Ford Escape
As for powertrains, the 2020 Escape will start off with two gas engines, including the premium turbocharged 2.0-liter EcoBoost inline-four making 250 horsepower and 273 pound-feet of torque. The hybrid will pair a 2.5-liter gas engine with an electric motor to boost mileage, though Ford has not yet released final EPA numbers.
The plug-in hybrid, the first in the segment, will add a larger battery pack capable of propelling the 2020 Escape for up to 30 miles in all-electric mode. Using a 240-volt Level 2 charger, the same type many homeowners are adding, charge times for a drained battery will run around 3.5 hours.
As for the more rugged version of the Escape, Ford is only dropping hints for the moment, Thai-Tang said an “off-road version” is in development and should make its debut late this year.
Pricing will be released over the coming weeks, but the base 2020 Ford Escape is expected to top the current entry model, which starts around $24,100.
Disclosure: Paul Eisenstein is a freelancer for CNBC. Ford paid for his transportation and lodging at the New York International Auto Show.
Hyundai Motor Appoints José Muñoz as Chief Operating Officer
“José Muñoz has an impressive track record and is proven to be a visionary and motivational leader who is adept at all aspects of our business,” said Wonhee Lee, President of Hyundai Motor Company. “His decades of automotive and technology experience make him well suited for this new role as we move the company to the… Continue reading Hyundai Motor Appoints José Muñoz as Chief Operating Officer
Dana Delivers Superior Torque, Longer Range for Light Vehicles Through its Enhanced TM4® MOTIVE™ Motor and Inverter
SHANGHAI, April 17, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced the introduction of its enhanced TM4® MOTIVE™ motor and inverter for the light-vehicle market. The product makes its debut today at AutoShanghai. The new TM4 MOTIVE motor and inverter from Dana are an integrated system featuring high-RPM permanent magnet electric motors, power-dense electronic… Continue reading Dana Delivers Superior Torque, Longer Range for Light Vehicles Through its Enhanced TM4® MOTIVE™ Motor and Inverter
2020 Highlander World Debut Drives Toyota Lineup At The New York International Auto Show
Corporate Newsroom Home
All Corporate News
Toyota in North Texas
Our American Journey Blog
Sales/Financial
Environmental
Community Giving
Advanced Technology
Safety/Recall
Manufacturing / Engineering / Design
Latino News
Executive Bios
Executive Speeches
Awards
Company History
Fact Sheets
Auto Shows/Events
All Corporate Photos
All Corporate Videos
2018 Winter Games
EU lawmakers back wifi-based car standard in win for Volkswagen
FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer BRUSSELS (Reuters) – The European Commission’s push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed the move over 5G technology… Continue reading EU lawmakers back wifi-based car standard in win for Volkswagen
Toyota to sell first hybrid car made in Brazil
FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Pierre Albouy/File Photo SAO PAULO (Reuters) – Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas,… Continue reading Toyota to sell first hybrid car made in Brazil
No-frills no longer: GM’s China brand Baojun attempts a major makeover
LIUZHOU, China/BEIJING (Reuters) – By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. Employees work on Baojun RS-5 cars at a final assembly plant operated by General Motors Co and its local joint-venture partners in… Continue reading No-frills no longer: GM’s China brand Baojun attempts a major makeover
FOCUS-No-frills no longer: GM’s China brand Baojun attempts a major makeover
LIUZHOU, China/BEIJING (Reuters) – By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. FILE PHOTO: Shen Yang (3rd R), general manager of SAIC-GM-Wuling Automobile, a joint venture of General Motors and its Chinese partners, attends… Continue reading FOCUS-No-frills no longer: GM’s China brand Baojun attempts a major makeover