Latest news with #Corolla
Scottish Sun
4 hours ago
- Automotive
- Scottish Sun
World's largest car maker hatching plans to invest £40 million in a new assembly line in UK
The move could mean new models entering the European market WHEELY MOVING World's largest car maker hatching plans to invest £40 million in a new assembly line in UK Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE WORLD'S largest car maker are planning to invest a whopping £40million for a new assembly line in the UK. The Toyota plant at Burnaston could be in line for a major investment, as the company weighs moving production for the US market from Japan to Derbyshire. Sign up for Scottish Sun newsletter Sign up 1 A new production line could be operational within 12 months Credit: PA:Press Association The car maker plans to invest around £41 million to set up a new production line dedicated to making GR Corollas, according to Reuters. Toyota has denied that Trump tariffs are behind the potential shift, despite taxes on Britain being 10 per cent compared to Japan's 25 per cent. In light of the potential move, Japanese automaker Toyota revealed that new cars could be added to the European market. Currently, the GR Corolla is only available in Japan and is exported to North America and select other markets. Burnaston plant currently produces the Corolla hatchback and estate for the UK and European markets, but production rates could significantly improve with the proposed investment. A new production line could be operational within 12 months, with reports suggesting that Japanese engineers may temporarily relocate to Derbyshire to assist with the transition. The first car built at Burnaston, in December 1992, was the Carina E. A rock-solid family motor specifically designed and engineered for Europe, hence the 'E'. It cost £12,145. In a world largely dominated by Sierras and Cavaliers, Carina E won many customer satisfaction awards for its advanced petrol engines, superior build quality, reliability and cheaper running costs. Much like Corolla today. Inside Toyota's UK production plant as it builds five MILLIONTH motor since first Carina E rolled off the line in 1992 Corolla is king at Burnaston now. One is born here every 142 seconds — almost 400 a day, 7,000 a month. Hatchback, estate and van. All with efficient self-charging petrol hybrids produced at Toyota's Deeside engine plant. All with Toyota's brilliant ten-year warranty. If you want a car that does everything it's meant to do really well, get a Corolla. It won't let you down. Burnaston also produced big numbers of the Avensis and Auris over the years, but switched back to Corolla in 2019. Park all five million British-built Toyotas end to end and they'd stretch from London to Tokyo and back. Toyota had invested an eye-watering £240million to upgrade the Burnaston plant in 2017. The car manufacturer had said the investment would boost competitiveness and promote the use of locally built components. At the time, Business and Energy Secretary Greg Clark said: 'Our automotive sector is one of the most productive in the world and Toyota's decision to invest £240 million upgrading its Burnaston plant is a further boost to the UK auto sector. I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain. 'Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK. 'As we prepare to leave the EU, this Government is committed through our Industrial Strategy to ensuring the UK remains one of the best places in the world to do business and we are able to help businesses seize on economic opportunities.'
The Irish Sun
4 hours ago
- Automotive
- The Irish Sun
World's largest car maker hatching plans to invest £40 million in a new assembly line in UK
THE WORLD'S largest car maker are planning to invest a whopping £40million for a new assembly line in the UK. The Toyota plant at 1 A new production line could be operational within 12 months Credit: PA:Press Association The car maker plans to invest around £41 million to set up a new production line dedicated to making GR Corollas, according to Reuters. Toyota has denied that Trump tariffs are behind the potential shift, despite taxes on Britain being 10 per cent compared to Japan's 25 per cent. In light of the potential move, Japanese automaker Toyota revealed that new cars could be added to the European market. Currently, the GR Corolla is only available in Japan and is exported to North America and select other markets. read more on motors Burnaston plant currently produces the Corolla hatchback and estate for the UK and European markets, but production rates could significantly improve with the proposed investment. A new production line could be operational within 12 months, with reports suggesting that Japanese engineers may temporarily relocate to Derbyshire to assist with the transition. A rock-solid family motor specifically designed and engineered for Europe, hence the 'E'. It cost £12,145. Most read in Motors In a world largely dominated by Sierras and Cavaliers, Carina E won many customer satisfaction awards for its advanced petrol engines, superior build quality, reliability and cheaper running costs. Much like Inside Toyota's UK production plant as it builds five MILLIONTH motor since first Carina E rolled off the line in 1992 Corolla is king at Burnaston now. One is born here every 142 seconds — almost 400 a day, 7,000 a month. Hatchback, estate and van. All with efficient self-charging petrol hybrids produced at All with Toyota's brilliant ten-year warranty. If you want a car that does everything it's meant to do really well, get a It won't let you down. Burnaston also produced big numbers of the Avensis and Auris over the years, but switched back to Corolla in 2019. Park all five million British-built Toyotas end to end and they'd stretch from London to Tokyo and back. Toyota had invested an eye-watering £240million to upgrade the Burnaston plant in 2017. The car manufacturer had said the investment would boost competitiveness and promote the use of locally built components. At the time, Business and Energy Secretary Greg Clark said: 'Our automotive sector is one of the most productive in the world and Toyota's decision to invest £240 million upgrading its Burnaston plant is a further boost to the UK auto sector. I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain. 'Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK. 'As we prepare to leave the EU, this Government is committed through our Industrial Strategy to ensuring the UK remains one of the best places in the world to do business and we are able to help businesses seize on economic opportunities.'
Yahoo
9 hours ago
- General
- Yahoo
Grief counselors at NH middle school after student dies in crash with stolen delivery vehicle
Grief councilors are being made available at a New Hampshire middle school after a boy was killed and a girl was seriously injured after police said they crashed a car they stole from a delivery driver. The youths have not been identified. Manchester School District Superintendent Jennifer Chmiel on Wednesday confirmed one of the students, the boy who died, was a student in the school district. 'We are deeply saddened by the loss of one of our students, and our thoughts are with those impacted by this motor vehicle accident,' Chmiel said in a statement. Chmiel said additional resources are being made available at the Southside Middle School in Manchester. 'In addition to our school based counseling teams, we have brought in additional community resources and grief counselors that will be available at the school,' Chmiel said. 'We encourage parents and students to reach out to a member of the Southside team if you have any questions or would like to access these resources,' said Chmiel, who also provided additional resources about grief on the school's website. Early Wednesday morning, around 12:50 a.m., officers responded to a report of a stolen motor vehicle in the area of 5 Clifford Ave., police said. The victim, a food delivery driver, told officers he had briefly left his 2014 Toyota Corolla unattended. When he returned, the vehicle was gone. About an hour later, officers spotted the Corolla in the area of Kenberma Street. The Corolla was traveling without headlights on. When police activated emergency lights and sirens, the driver behind the wheel drove away quickly. Police pursued the Corolla and continued onto the highway, but stopped the chase after losing sight of the vehicle. Around 2 a.m., state police found the car in the area of Route 101 westbound at the Kilton Road off-ramp in Bedford, where it had crashed. The male driver, a juvenile, was pronounced dead at a local hospital. A female passenger, also a juvenile, was taken by ambulance to a local hospital with serious injuries, Bedford police said. Her condition was not known on Wednesday. This is a developing story. Check back for updates as more information becomes available. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
Yahoo
12 hours ago
- Automotive
- Yahoo
Toyota Plans to Move Production of GR Corolla to Britain
Toyota Motor Corporation TM is reportedly planning to shift some of its GR Corolla production to the United Kingdom. This move is aimed to take advantage of excess capacity in Britain and reduce delivery times in North America, where demand for the petrol-powered hot hatch remains strong. TM will spend around $56 million to set up a dedicated production line for North America's exports in its Burnaston plant in Derbyshire. The U.K. plant witnessed a fall in production after the country separated from the European Union, leaving some idle capacity. Moreover, the plant already produced the base model of the GR range, the Corolla hatchback, which would result in an uncomplicated production of the GR Corolla. The new line is expected to add an annual production of around 10,000 cars. To make the line operational by mid-2026, TM will be sending engineers from Japan to share expertise. GR Corolla's current production facility at Toyota's Motomachi Plant is already at full capacity and falling short in serving the high demand. The plant produced roughly 25,000 vehicles last year, including 8,000 GR Corollas, and can no longer meet growing global demand for high-performance models. US Toyota plants are also focused on catering strong demand for hybrids in the country, making it difficult to accommodate GR Corolla production. Another key factor in Toyota's decision is the recent trade agreement between the United Kingdom and the United States. The trade deal to cut tariffs on car imports from the United Kingdom from 25% to 10% on up to 100,000 vehicles a year is also beneficial for TM. This makes the United Kingdom a more cost-effective export base compared with Japan, which still faces 25% U.S. auto tariffs. However, Japan is also negotiating a reduction of the 25% tariff imposed on car imports. TM stock has lost 12.7% over the past year compared with the industry's 16.8% decline. Image Source: Zacks Investment Research TM currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Auto space are Rivian Automotive RIVN, Standard Motor Products SMP and Luminar Technologies LAZR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for Rivian's current-year loss is pegged at $2.49 per share, implying a 38.37% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing the rest. Rivian delivered an average earnings surprise of 10.81%. The Zacks Consensus Estimate for SMP's current-year earnings is pegged at $3.57 per share, indicating a 12.62% year-over-year earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 38.55%. SMP's shares have gained 4.8% in the past year. The Zacks Consensus Estimate for Luminar's 2025 loss is pegged at $4.29 per share, indicating a rise of 53.57% from year-ago levels. The company's earnings beat the consensus estimate in each of the trailing four quarters, with an average surprise of 11.79%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toyota Motor Corporation (TM) : Free Stock Analysis Report Standard Motor Products, Inc. (SMP) : Free Stock Analysis Report Luminar Technologies, Inc. (LAZR) : Free Stock Analysis Report Rivian Automotive, Inc. (RIVN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Los Angeles Times
a day ago
- Los Angeles Times
Fountain Valley police arrest DUI driver who crashes into scene of fatal accident
Fountain Valley police arrested a DUI motorist on Sunday night after the unidentified driver crashed into the scene of a fatal traffic investigation. Police responded to the intersection of Warner Avenue and Los Jardines Street at about 10:30 p.m. Sunday. On their arrival they discovered a gray Toyota Corolla traveling westbound on Warner had struck a pedestrian who had been running southbound from Mile Square Park into the intersection. The pedestrian, who police identified in a news release as 35-year-old Alexandra Payerli of Santa Ana, later died of her injuries at a local hospital. The driver of the Corolla, a 17-year-old male from Westminster, remained at the scene and cooperated with investigators. As police were investigating the fatal collision later Sunday night, the DUI driver struck an unoccupied police car and was arrested. No officers were reported injured. Anyone with information regarding the fatal collision is encouraged to contact the FVPD Traffic Bureau at (714) 593-4481 and reference incident No. 25-16166.
