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Toyota brings TRD Griffon GT86 to Goodwood [w/video]

In the midst of the 2013 Goodwood Festival of Speed, there's a particularly special Toyota running up the hill. This special entry is a GT86 (the cousin to our Scion FR-S and Subaru BRZ) that's been poked, prodded, and tweaked by the minds at Toyota Racing Development. The result of TRD's fettling is a nearly race-ready car.
Starting with the body, the hood, doors, trunk lid, and wings are all made of carbon fiber. The lightweight treatment doesn't end there, though. The bumpers, fenders, and diffuser all feature carbon-fiber-reinforced plastic, while the windows are now made of polycarbonate plastic.
Under the hood sits the same 2.0-liter boxer engine found in the standard GT86, but its six-speed manual gearbox features a shorter final drive ratio for improved acceleration. The coilover suspension has been firmed up, and a TRD mechanical limited-slip differential replaces the Torsen unit. The TRD Griffon rides on TWS 18-inch wheels and Yokohama Advan tires. To bring proceedings to a stop, TRD has fitted its own mono-block caliper kit, complete with more robust racing pads.

Toyota nears $40B cash reserve as calls grow for new investment, payouts

With the April 15 tax deadline just a few months away, our US readers will be faced with a decision should they get a refund: save or spend? It seems this issue is one many of us face whenever there's a windfall, trying to decide whether we should set the money aside in an account of some sort or use it as a down payment on a new car or a trip to the Apple store. Unsurprisingly, major corporations face a similar, albeit more complex, issue.
Take Toyota, for example. With President Akio Toyoda at the helm, the Japanese manufacturer has gracefully weathered recalls and natural disasters, all while turning beaucoup profits. Last quarter, profits quintupled to 434.4-billion yen ($4.3-billion USD), according to Bloomberg. Toyota also upped its forecast for the end of fiscal year 2013 (which ends on March 31 for Japan), to a record 1.9-trillion yen (about $18.8 billion). Now, the Japanese brand is reportedly sitting on a cash pile of nearly $40 billion, leaving Toyoda-san in an envious predicament - what should the company do with all that money?
Some think Toyota should be doing something, anything with that big stack of cash.

Scion reveals iM concept ahead of LA debut

After dropping a teaser image on us a few weeks ago, Scion has revealed in full the new iM Concept it's bringing to the Los Angeles Auto Show next week. As expected, the concept is clearly a rebadged version of the Euro-market Toyota Auris, only with some "European Racing Circuit Styling" upgrades to make it look more aggressive.
Along with the Scion logos, the five-door hatch is treated to a deeper air dam flanked by angular vents with stacked fog lamps, beefed-up wheel arches linked by widened side sills and filled with 19-inch, anthracite-finish alloys on low-profile rubber. Vented brake discs and four-piston calipers join an adjustable suspension as show-worthy equipment upgrades.
The sporty treatment continues around back with a similarly aggressive rear bumper and roof spoiler. Even the wing mirrors are replaced with narrower units. Little wonder it's all done up in a shade Scion calls "incrediblue" that looks rather similar to what sister-brand Lexus would put on one of its F-branded performance models - or for that matter what corporate ally Subaru would put on an STI hot hatches like the WRX.