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Toyota, Ford decide to end hybrid collaboration before it starts

Not all so-called Memorandum of Understanding pacts end in actual collaborations. For instance, after a two-year "feasibility study," Toyota and Ford have just announced that they will not be developing hybrid systems for use in light trucks and SUVs as previously planned, and the two automakers will instead continue to develop their own hybrid technology independently.
The would-be collaboration was first announced in August of 2011, and would have seen a rear-wheel-drive hybrid platform that would "improve the efficiency of trucks and SUVs while still allowing them to be driven in the way customers expect," according to our initial post on the topic.
Keep in mind that this announcement isn't to say we shouldn't expect hybrid pickups and SUVs from the two automakers, but that they probably aren't coming very soon - Ford says it will have a system "before the end of this decade" and we haven't heard much from Toyota on the hybrid truck front since the 2008 A-BAT Concept (pictured above) - and that they will not share any components between them (and they never have, for what it's worth).

Unintended acceleration settlement hits Toyota's Q4 bottom line

Depending on how you want to look at things, the US Attorney's Office $1.2-billion dollar settlement with Toyota in March over its unintended acceleration recall was either a big blow to the company or completely inconsequential. From January to March, net income fell five percent to 297 billion yen ($2.89 billion), compared to 313.9 billion yen ($3.05 billion) a year ago. However, the automaker still posted record full-year profits worldwide.
Operating profit also fell in the US by 9 percent to $498.1 million for the quarter, but sales were up by 6 percent to 581,261 vehicles. According to Automotive News, global revenue was still up from January to March by about 13 percent and vehicle sales were up 6 percent to 2.58 million units.
However, the payment to the feds did little to hold the company back last year. For the fiscal year ending March 31, 2014, Toyota had net income of 1.82 trillion yen ($17.7 billion), compared to 962.1 billion yen ($9.5 billion) in the last fiscal year. Total vehicle sales were also up.

Toyota puts three-wheeled i-Road into public tests in Japan [w/video]

The lucky citizens of Japan are getting it now, and some folks in France will join the fray later this year, but that's about it for public, leaning-trike fun. The car in question is Toyota's three-wheeled i-Road concept electric vehicle. And in addition to being really narrow and quite environmentally friendly, this little EV leans quite a bit when it scoots around curves. Earlier this week, the Japanese automaker started testing the super-narrow vehicles in Toyota City, Japan. They're part of a broader scheme called "Ha:mo" in which people can link shared vehicles with public transportation systems to get around with minimal environmental impact. Grenoble, France, will be the recipient of some i-Road EVs for a vehicle-sharing project that starts later this year. The i-Road weigh about 660 pounds, is less than a yard wide and has a 28 mile per hour top speed. The i-Road was first shown off at the Geneva Motor Show early last year and shortly thereafter was the subject of a groovy video that showed a group of four cruising and leaning through the streets of a Mediterranean village in France. Check out Toyota's video on the vehicle-testing program and the official press release below and read our driving impressions here. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Changing Mobility and Lives, Three Wheels at a Time Residents of Toyota City, Japan, might be wondering what they just saw on the street. If it had three wheels and was leaning around a corner, it was the "i-Road", Toyota's ultra-compact all-electric, all-fun concept. On Sunday, the i-Road, which weighs a mere 300 kg and is less than 90 cm wide, was let loose on public roads at an event to mark its introduction into "Ha:mo", Toyota's optimized urban transport system. Soon, even more i-Roads will be zooming around Toyota city when they are made available to residents at vehicle-sharing stations. And later this year the lucky residents of Grenoble, France, will also be able to have some three-wheeled fun, thanks to a vehicle-sharing project that will last until 2017. Besides being an absolute blast to drive, how could the i-Road actually help you out? Well, picture the following: You just got off work. You get a phone call. You need to get across town, pronto, because your wife just went into labor. But your car is in the shop, there's no time to call a taxi, and your co-workers with cars are stuck doing overtime.