1999 Toyota Corolla Le Sedan 4-door 1.8l on 2040-cars

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Toyota mulling Cummins diesel for Tundra?

When Bloomberg spoke to Toyota USA Sales CEO Kazua Ohara recently, we highlighted his comments on the possible return of the Toyota Supra. However, the interview started with Ohara discussing the Tundra, and how it would take time to pinpoint and hone the pickup truck's brand image in the minds of consumers. That effort could get a boost, with a report in Edmunds saying that Toyota is "evaluating" the addition of a Cummins turbodiesel to the Tundra's engine options.
The Cummins powerplant is one of two options for the moment, the other being a hybrid powertrain. If the oil-burner got the thumbs-up, Toyota would follow the recent example of Nissan, which announced it would put a Cummins turbodiesel into its 2015 Titan. While the two Japanese companies make a closer comparison since they're both talking about Cummins applications in light-duty trucks, if it happens, it could be seen as further diluting the once-exclusive tie-up that Ram trucks has had with Cummins even though Ram has used Cummins in its heavy-duty truck.
Toyota hasn't said when it will decide on which direction to take, but either will be a move for the better in the view of segment watchers; PickupTrucks.com said the first of its top-five fixes for the Tundra would be a better engine, perhaps a diesel-electric hybrid from Toyota's Hino unit. Cummins told Edmunds it can supply a second manufacturer with the 5.0-liter diesel that Nissan will be using, so we wouldn't be surprised to see it end up in a Toyota or somewhere else.

Subprime financing on the rise in new car sales, leasing too

We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.

Toyota Me.We concept is a multifunction Tupperware car [w/video]

Not to be outdone by the Renault Twin'Z concept penned by Welsh designer Ross Lovegrove, Toyota has partnered up with French designer Jean-Marie Massaud to create the 2013 Toyota Me.We Concept. Unveiled at Le Rendez-vous Toyota in Paris, the Me.We Concept is an attempt to imagine a car that can be appreciated by owners across a wide variety of lifestyles while being courteous to the environment, too.
From a "Me" perspective, the concept is highly customizable with removable body panels, and even though it might look like just a small hatchback from the outside, Toyota claims it can also be used as a pickup (with an extendable rear panel), a convertible (with a neoprene roof panel) and even an off-road vehicle. As for the "We" part of the car, it's a fully electric vehicle with individual in-wheel motors and a battery pack mounted under the load floor. The concept has a weight of around 1,600 pounds kept low thanks to an aluminum chassis, but it also features renewable bamboo wood for the floor in addition to the fully recyclable polypropylene exterior body panels. Scroll down to see more in an official video and to check out Toyota's official press release.