1998 Toyota Celica Gt Convertible 2-door 2.2l on 2040-cars

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Customers want wireless charging in next-gen Prius Plug-In; they might get it

Could 2016 be the year prospective Toyota Prius Plug-in Hybrid buyers are waiting for? Why, yes, says an unidentified Toyota spokesman. That's according to Plug-in Cars, which reports that a wireless plug-in vehicle charging system may be less than two years away for the Prius Plug-in. WiTricity has, for a few years, been developing its magnetic resonance wireless charging system for the model. This type of system allows for more distance leeway than other wireless setups when it comes to how close the car and its on-board receiver need to be to the floor-mounted system. That allows for smaller, lighter on-board receivers, which is key for any plug-in vehicle. Toyota spokeswoman Jana Hartline confirmed in an e-mail to AutoblogGreen that the company has conducted wireless charging tests in Japan "with hopes to bring that technology to market in the near future" but declined to provide more detail on the company's plans to offer wireless charging for plug-ins. Toyota's Satoshi Ogiso said last summer that the Prius Plug-in would eventually offer a wireless charging system in response to prospective customers' demand for it, though he wasn't specific on a time frame. Toyota started discussions with WiTricity regarding wireless charging system development more than three years ago and said late last year that it had reached a licensing agreement with the Boston-based company. WiTricity has also worked on developing wireless-charging systems that are compatible with Audi and Mitsubishi vehicles. WiTricity grew out of MIT back in 2007, back when we could barely imagine how it would work.

VW targeting 10M sales in 2014

Volkswagen Group believes it can sell over 10 million vehicles in 2014, with hopes of overtaking Toyota as the world's largest automaker in the process. If VW can do it, it would meet that goal four years earlier than planned. Of course, Toyota isn't sitting still - it also hopes to top the 10 million-car threshold this year and has the advantage of already holding the top spot.
"With rising volume and new models, we will increasingly see positive earnings effects as well," said VW Group CEO Martin Winterkorn during its annual press conference, according to Automotive News. The company is spending huge amounts of money to propel it to the top, investing 84.2 billion euros ($117 billion) through 2018, and according to AN it plans to introduce over 100 new models worldwide among all of its brands by the end of next year.
The German automaker may get an extra boost as the European car industry shows signs of emerging from its yearlong stagnation and China continues to grow. In January, VW Group was up 8.5 percent in Europe and 15.5 percent in China, according to its own figures. However, the US has been slowing with Volkswagen brand sales down 19.04 percent in January and down 13.81 percent in February.

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.