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Toyota profits up 23% on high US sales, despite mounting legal costs

Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. The good news comes in spite of the fact that the Japanese automaker actually endured an operating loss in North America, due in part to legal fees.
Toyota is set to pay more than $1 billion to owners who claim their vehicles decreased in value as a result of the company's recent spate of recalls. Even so, all three of the automaker's brands enjoyed a 13.5 percent sales increase in the US in the last quarter, beating the industry average. Toyota faltered in Europe, however, where it earned $99 million in operating profit last year, compared to $111 million in 2011. You can take a closer look at the company's full press release below for more information.

Scion sketches SEMA spread starring Slayer, skateboarder

I was in Nashville last weekend for a friend's bachelor party. It's all rather fuzzy, but I do recall that my friends and I found it hilarious to request Slayer every time one of the country groups on the Broadway strip asked for a specific song to be played. While there were a few good sports, most didn't find it too funny, largely because country music and Slayer don't mix all that well. Actually, Slayer and a lot of things don't mix too well. Like Slayer and Scion, Toyota's slowly withering youth brand.
This mish-mash hasn't prevented the Japanese budget brand from teaming with the metal group for a concept vehicle based on the tC coupe (shown above). If the Slayer link is a bit too extreme, Scion has a more mainstream xB, styled by skateboarder Riley Hawk on the way. Both new vehicles will be shown at the upcoming SEMA show, but Scion has opted to release a pair of sketches of both aftermarket creations ahead of the Las Vegas expo.
It's hard to tell what kind of exterior changes have been made to the tC, although Scion says the cabin now boasts a 32-inch monitor, as well as a heavily revamped stereo. As you can see, it will say "Slayer" on the door, in the band's stylized script.

Consumer Reports says these are the worst new cars of 2014

Consumer Reports has announced its annual list of worst vehicles, a cringe-inducing contrast to its list of top vehicles. Ignominiously leading the way in 2014 is Chrysler, which has a staggering seven models listed.
Jeep nearly sweeps the small SUV segment by itself, with its Compass, Patriot and 2.4-liter version of the new Cherokee, while the only midsize sedans listed by CR were the Chrysler 200 and Dodge Avenger. The new Dodge Dart and the Dodge Journey round out CR's condemnation of Chrysler.
Ford is taking heat as well, with the Taurus, Edge and their counterparts from Lincoln all listed as the worst vehicles in their respective segments. Toyota doesn't fare much better, with its Lexus IS, Scion iQ and tC also making the list.