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Toyota projecting record profits, thanks in part to weak yen

Toyota retained its global sales crown in 2014 by selling 10.23 million cars in the calendar year. As the positive number might suggest, the Japanese automaker is doing extremely well financially, too. Although, some tougher times might be on the horizon. Toyota recently released its financial figures for the three fiscal quarters running from April 1 through the end of December 2014. Net profit jumped an impressive 13.2 percent to 1.727 trillion yen ($14.7 billion) for that period. It could be the Japanese automaker's most profitable time ever when the fiscal year ends in March, if things keep going this way, according to The New York Times. Toyota's own profit forecast for the 12-month period is also up by 130 billion yen ($1.1 billion) to 2.13 trillion yen ($18.1 billion). One key to the company's success is the low value of the Japanese yen, because it allows Toyota to make more money on each vehicle the company sells abroad. The currency is now worth relatively less than any time since the early '70s, according to The New York Times. Despite the rosy financial numbers, actual sales have started to fall, albeit a very slight amount. Through the three fiscal quarters, the company sold 6.73 million cars, a drop of just 45,365 vehicles. Toyota also reduced its forecast for the fiscal year to 9 million units, rather than the original estimate of 9.05 million. According to The New York Times, the shrinking Japanese auto market and difficulty in China might mean losing the global sales lead next year. For the US, sales jumped 145,411 units from April through December to a total 2.1 million vehicles. Operating income reached $4.27 billion, nearly 50 percent more than last year, according to The New York Times. Toyota Motor Corporation (TMC) Announces April – December 2014 Financial Results February 04, 2015 Toyota's global net income jumped 13.2 percent during the nine-month period (April 1– December 31, 2014) of the 2015 fiscal year. Global Financial Highlights: Global sales decreased by 45,365 vehicles to 6.73 million, with strong sales in North America and gains in Europe, offsetting decreases in Japan and other regions.

2022 Lexus IS 350 F Sport Road Test | A trip through mid-Ohio, from Mid-Ohio

LEXINGTON, Ohio — That feeling of driving inspiration I tend to get after a long day of watching racing hits me hard. Hours of observing others — professional racers — tear it up on track always leaves me with a desire to do the same, which in reality, is a dangerous feeling to have. Outside those racetrack grounds are public roads with speed limits, other motorists and a million other factors. Nevertheless, IÂ’m feeling rather giddy in the 2022 Lexus IS 350 F Sport after leaving the Lexus Grand Prix at Mid-Ohio Sports Car Course. Lexus invited me down to watch the race where a pair of Lexus RC Fs run by Vasser Sullivan Racing were competing. I rode along for a hot lap in a modified IS 500 F Sport Performance with one of the teamÂ’s pro drivers between races, and while that carÂ’s V8 is rather intoxicating, I still find myself really digging the 3.5-liter V6 in the humble IS 350 F Sport on OhioÂ’s winding back roads. Before leaving the track, I check the box on Google Maps to “avoid highways,” and point the IS down any road vaguely heading in the right direction that looked curvy in search of somewhere to enjoy LexusÂ’ recently-updated sport sedan. Being the F Sport model, there is some hope for fun. All IS 350 F Sports get a unique (and louder) exhaust, 19-inch wheels, larger 265-section-width rear tires, a cold air intake and an interior “sound generator” that pumps some extra noise into the cabin. What this car doesnÂ’t have, is the Dynamic Handling Package available on IS F Sport models. This adds an adaptive suspension and lighter BBS forged wheels. Additionally, this IS is the all-wheel-drive version, so it doesnÂ’t have the Torsen limited-slip rear differential or the extra-sporty “Sport S+” drive mode available on the rear-wheel-drive version. Despite this IS 350 F Sport being in mildly sporty dress, the trip starts out on a promising note. Much of the happiness derived from driving this sedan comes courtesy of its naturally aspirated V6 engine. It puts out a healthy 311 horsepower and 280 pound-feet of torque, good enough for a 0-60-mph sprint of 5.7 seconds. Peak power is made at 6,600 rpm, which means you need to keep the pedal buried and work for the acceleration.  Others in this sport sedan class have long since made boosted four-cylinders the go-to powertrain, making this naturally aspirated engine a breath of fresh air.

Toyota adds 1.6m cars to Takata inflator recall list

As part of the Takata airbag inflator recall expansion announced by NHTSA earlier this month, Toyota has listed an additional 1.6 million cars that will need to have inflators or airbag assemblies replaced. This brings the total of recalled Toyota, Scion, and Lexus vehicles to 4.73 million. Other automakers will announce their expanded recall lists this week as well. This round of recalls affects some but not all vehicles with the following model names and years: 2009–2011 Toyota Corolla and Matrix 2006–2011 Toyota Yaris 2010–2011 Toyota 4Runner 2011 Toyota Sienna 2008–2011 Scion xB 2007–2011 Lexus ES 2010–2011 Lexus GX 2006–2011 Lexus IS To see if your specific vehicle falls under recall, write down your VIN and go to toyota.com/recall; you can also check any recalls, Takata or otherwise, at safercar.gov/vin. Toyota will inform owners of affected vehicles by mail. Depending on the model, either the inflator or the entire airbag assembly will have to be replaced. Due to the number of vehicles that have already been recalled, it may take some time for the necessary parts to be available. A total of 11 deaths have been attributed to the faulty Takata inflators, and federal investigators now know why the parts are prone to failure. The state of Hawaii was the first to sue the auto supplier, with more states expected to follow. The 17 other automakers are required to announce their additions resulting from the May 4 expansion this week, so expect more of the 35 to 40 million vehicles to be listed soon. Related Video: Image Credit: Reuters Recalls Lexus Scion Toyota Takata airbag recall lexus is toyota sienna toyota 4runner toyota matrix lexus es lexus gx