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2016 Scion iM is the return of the Corolla Wagon

If you were expecting the Scion iM Concept to magically leap into production unchanged, well, you're a lot more optimistic than most. Predictably, Scion has toned down the production iM, revealing a vehicle at the 2015 New York Auto Show that's is only slightly spicier than the Toyota Auris on which it's based. Gone are the swollen wheel arches and center-exit exhaust of the concept, but the production version is still a handsome five-door hatchback. Compared the Euro-market Auris, first seen in 2012, the iM gets a more aggressive front end treatment. The angular grille and larger lower intakes and grilles are home to hexagonal inserts and gloss-black accents. Fitting with Scion's single-spec single-price sales model, 17-inch wheels come standard. The alloys are are wrapped in low-profile tires, which Scion describes as "fat." Flared side skirts run into the rear bumper, which sits well below a prominent set of taillights and a smallish rear window. The iM's sole engine is a 1.8-liter gas-powered four-cylinder. If that sounds familiar, it's because it's the same 2ZR-FAE engine found in the Corolla Eco model, and features continuously-variable valve timing and lift. With 137 horsepower, the iM cedes 3 ponies to its Toyota sibling, although we don't know if the torque figures are the same. Fuel economy, estimated at 37 mpg highway, is actually 2 mpg better than the Corolla Eco. Again, like the Corolla, the iM can be had with a continuously variable transmission. But fans of fun can enjoy a good ole' six-speed manual, something not available in the Corolla's hotter engine. As for the CVT, Scion claims it's been "sport-tuned for driving." The so-called CVTi-S features both a Sport mode – more aggressive transmission behavior and a more sporting steering sensation – and a manual setting with seven stepped shift points. The 2016 iM is expected to start at around $20,000, making it a potential challenger for the likes of the Ford Focus, Mazda3, Subaru Impreza and Volkswagen Golf Sportwagen. Deliveries should start this fall. Check back tomorrow for more details, as well as a full set of live photos. Until then, scroll down for the official press release.

Scion tC changes, barely, for 2016

The Scion iA and iM have cornered the recent headlines, but for now the tC remains the brand's milk and honey. Upgrades for the 2016 model are sprinkled throughout the cabin, from tiny tweaks like silver door handles inside to the leather shift knob, which is currently a $99 option. Scion touts the seven-inch Pioneer touchscreen Display Audio that's standard on base models, but that comes in the current tC. The head unit includes convenience features such as Bluetooth and voice recognition. A smart key and pushbutton start also get in the press release, but they, too, are standard features on the 2015 model. What can look forward to is a rear windshield wiper as standard fit. Prices for both manual and automatic have gone up slightly. The six-speed manual will start at $19,385, the six-speed automatic at $20,535, both prices a $175 increase compared to the present models. Destination and handling will throw another $770 onto that. You'll find a few photos above and a press release below with a bit more information. Related Video: 2016 Scion tC Upgrades Make for Alluring Touring TORRANCE, Calif., (July 16, 2015) – Scion's top seller, the tC sports coupe, adds new sound, smarts and swishes as it enters the 2016 model year. A new standard audio system, a host of upgraded interior features including a Smart Key with push-button start, and the addition of a standard rear windshield wiper add to the fun and functionality of the tC. The 2016 tC retains its thrill-to-value proposition with a Manufacturer's Suggested Retail Price (MSRP) of $19,385 for the six-speed manual transmission and $20,535 for the six-speed automatic with paddle shifters and Dynamic Rev Management®. This price excludes a delivery, processing and handling (DPH) fee of $795. The new standard audio system features a large 7-inch Pioneer® touchscreen Display Audio system with AM/FM/HD radio™, voice recognition, Bluetooth® hands-free and streaming audio, and the Aha™ app which provides access to 100,000 Internet radio options. Also new to the interior of the tC are new silver interior door handles, a new center console tray cover and a leather-wrapped shift knob. The 2016 tC will be available in dealerships starting in August.

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.