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Scottish Sun
27 minutes ago
- Automotive
- Scottish Sun
Iconic carmaker discontinues fastest EVER model branded ‘agile & smooth'.. but firm's boss is already teasing its return
END OF ROAD Iconic carmaker discontinues fastest EVER model branded 'agile & smooth'.. but firm's boss is already teasing its return Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) AN ICONIC carmaker is set to discontinue production of its beloved fastest-ever model. Toyota has confirmed it will cease making its "agile and smooth" Supra early next year, although one of the carmaker's bosses has already hinted at the iconic car's successor. 4 Toyota has announced its GR Supra will cease production in Spring 2026 Credit: Supplied 4 The current version has been in production since 2019 Credit: Toyota GB 4 Toyota's GR Supra is the fifth generation of the vehicle since its introduction in 1978 Credit: Handout The Supra has a rich history among car enthusiasts, with five generations of the sports car having been produced since its introduction in 1978. Toyota's fifth-generation Supra entered production in March 2019, a staggering 17 years after production ended on the fourth-generation A80 cars. Described as a "handsome" vehicle, the Supra is powered by a 3-litre six-cylinder turbo engine, which packs a whopping 340hp with 500Nm of torque - helping it to sprint from 0 to 62mph in just 4.3 seconds. However, the iconic motors, which are produced at a Magna plant in Austria, will cease being made from Spring 2026, reports Motortrend. A Toyota boss explained it was "not cost-effective" to give the low-volume car the upgrades needed to meet new and pending global regulations. However, not all hope is lost for Supra enthusiasts, as there have been hints of a next-gen Supra entering the market, although it is unclear when this will be. Senior Vice President of Product Planning and Strategy for Toyota Motor North America Cooper Ericksen said: "It would be logical that we would have a next-gen Supra - but when and how is still TBD." He confirmed that there would "definitely" be a gap between the end of the current GR Supra's production and the start of the next motor's manufacturing. However, he said the company aims to have a gap that is "significantly less" than the 17 years seen previously between the A80 and GR Supra. It is also unclear whether Toyota will continue to keep its partnership with BMW to develop the next Supra, having collaborated with the German carmaker for the current GR motor. Inside Toyota's UK production plant as it builds five MILLIONTH motor since first Carina E rolled off the line in 1992 General Manager of the Toyota Division for Toyota Motor North America David Christ said the company would "love to build a next generation Supra", but the company has not officially announced plans to do so. Toyota is at a busy stage currently, having just introduced the 2026 RAV4, which includes a number of new technologies which will eventually be rolled out to countless of its other models. Explaining the end of the Supra's production, Ericksen said: "A product like Supra, it's made it to a point where now we have a Final Edition and the reason is it's just not cost effective with all the new regulations and investment we have to make." In a review for The Sun last year, the Supra was described as a "chunky beast" that "packs a punch". It retails for £58,580 and can reach a top speed of 155mph, albeit with a fuel economy of 34mpg and CO2 emissions of 183g/km. TOYOTA TO INVEST £40 MILLION IN UK PLANT This comes as Toyota is reportedly planning to invest a whopping £40 million to build a new vehicle 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. 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 Irish Sun
27 minutes ago
- Automotive
- The Irish Sun
Iconic carmaker discontinues fastest EVER model branded ‘agile & smooth'.. but firm's boss is already teasing its return
AN ICONIC carmaker is set to discontinue production of its beloved fastest-ever model. Toyota has confirmed it will cease making its next year, although one of the carmaker's bosses has already hinted at the iconic car's successor. 4 Toyota has announced its GR Supra will cease production in Spring 2026 Credit: Supplied 4 The current version has been in production since 2019 Credit: Toyota GB 4 Toyota's GR Supra is the fifth generation of the vehicle since its introduction in 1978 Credit: Handout The Supra has a rich history among car enthusiasts, with five generations of the sports car having been produced since its introduction in 1978. Toyota's fifth-generation Supra entered production in March 2019, a staggering 17 years after production ended on the fourth-generation A80 cars. Described as a "handsome" vehicle, the Supra is powered by a 3-litre six-cylinder turbo engine, which packs a whopping 340hp with 500Nm of torque - helping it to sprint from 0 to 62mph in just 4.3 seconds. However, the iconic motors, which are produced at a Magna plant in Austria, will cease being made from Spring 2026, reports Read More on Motors News A Toyota boss explained it was "not cost-effective" to give the low-volume car the upgrades needed to meet new and pending global regulations. However, not all hope is lost for Supra enthusiasts, as there have been hints of a next-gen Supra entering the market, although it is unclear when this will be. Senior Vice President of Product Planning and Strategy for Toyota Motor North America Cooper Ericksen said: "It would be logical that we would have a next-gen Supra - but when and how is still TBD." He confirmed that there would "definitely" be a gap between the end of the current GR Supra's production and the start of the next motor's manufacturing. Most read in Motors However, he said the company aims to have a gap that is "significantly less" than the 17 years seen previously between the A80 and GR Supra. It is also unclear whether Toyota will continue to keep its partnership with BMW to develop the next Supra, having collaborated with the German carmaker for the current GR motor. Inside Toyota's UK production plant as it builds five MILLIONTH motor since first Carina E rolled off the line in 1992 General Manager of the Toyota Division for Toyota Motor North America David Christ said the company would "love to build a next generation Supra", but the company has not officially announced plans to do so. Toyota is at a busy stage currently, having just introduced the 2026 RAV4, which includes a number of new technologies which will eventually be rolled out to countless of its other models . Explaining the end of the Supra's production, Ericksen said: "A product like Supra, it's made it to a point where now we have a Final Edition and the reason is it's just not cost effective with all the new regulations and investment we have to make." In a review for The Sun last year, the Supra was described as a "chunky beast" that "packs a punch". It retails for £58,580 and can reach a top speed of 155mph, albeit with a fuel economy of 34mpg and CO2 emissions of 183g/km. TOYOTA TO INVEST £40 MILLION IN UK PLANT This comes as Toyota is reportedly planning to The Toyota plant at could be in line for a major investment, as the company weighs moving production for the US market from Japan to . 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. 4 Toyota bosses have hinted that a next-generation Supra will be on the way eventually Credit: Getty
Yahoo
2 days 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
Yahoo
3 days ago
- Automotive
- Yahoo
Toyota to shift GR Corolla production to Britain
Toyota is set to relocate part of its GR Corolla sports car production to Britain, with plans to invest approximately $56m in a dedicated production line, reported Reuters, citing two people with knowledge of the matter. This strategic shift aims to utilise excess capacity in Britain to reduce delivery wait times for the GR Corolla, a move not influenced by US tariffs. The decision comes amidst the backdrop of the Trump administration's recent agreement to lower tariffs on auto imports from Britain to 10% for up to 100,000 vehicles annually. Meanwhile, Japan seeks to repeal the 25% tariffs imposed on all auto imports by the US, presenting an additional challenge for global automakers. Currently, Toyota manufactures the GR Corolla in Japan for both domestic and international markets, including North America. However, the high demand from engine enthusiasts in North America has outpaced supply. To address this, Toyota will reportedly establish a production line at its Burnaston plant in Derbyshire to produce 10,000 units annually from mid-2026. The Burnaston plant, operational since 1992, has experienced a production decline post-Brexit. It already produces the Corolla GR's base model, making it a suitable choice for the new production line. Engineers from Japan will temporarily assist in transferring production technology and expertise. In response to inquiries, Toyota stated it continuously seeks ways to optimise production, though it has not publicly confirmed this report. The GR Corolla is one of three high-performance vehicles produced at Toyota's Motomachi Plant, which is currently operating at full capacity. Last year, the Motomachi Plant produced around 25,000 cars, including 8,000 GR Corollas. Toyota's US facilities are also focused on meeting the demand for hybrids and other vehicles, limiting the possibility of shifting GR Corolla production there. Toyota plans to absorb any cost increases from tariffs through cost-cutting measures, ensuring prices remain stable. The GR series, inspired by Chairman Akio Toyoda's passion for racing, integrates motorsport technology into commercial vehicles. While the GR series' sales volume is modest, the vehicles offer higher margins due to their intricate production processes. The transfer of North America-bound production to Britain could allow the Motomachi plant to focus on vehicles for Japan and other markets. "Toyota to shift GR Corolla production to Britain – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
3 days ago
- Automotive
- Time of India
Toyota to move some GR Corolla production to Britain, sources say
Toyota is moving some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, according to two people with knowledge of the matter. By shifting some production from Japan, Toyota aims to use excess capacity in Britain to help it cut delivery wait times for the car, said the people, who spoke on condition of anonymity. The move was not in reaction to US President Donald Trump 's tariffs on automobile imports, they said. The Trump administration agreed this month to reduce tariffs on auto imports from Britain to 10% on up to 100,000 vehicles a year. Japan is seeking to have repealed the 25% tariffs that the US has imposed on all auto imports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bathers see strange objects in the sea. They pale when they realize what they are Beach Raider Undo For global automakers, the tariffs mean an additional challenge on top of differing emissions standards, and customer demands, across major markets. Also Read: Tesla EU sales slump 52% in April: trade group Live Events Toyota produces the GR Corolla in Japan for the Japanese market and for export to North America and other markets. But it hasn't been able to keep up with North American demand, given keen interest in the gasoline-powered car from engine enthusiasts, the people said. It will set up a production line at the Burnaston plant in Derbyshire and invest around 8 billion yen ($56 million) to produce 10,000 cars annually for export to North America from the middle of 2026, according to the people. Burnaston began operations in 1992 and possesses advanced production technology. It has suffered a decline in production since Brexit, said the people. The plant already produces the Corolla GR's base model, the Corolla hatchback, making it a natural choice, one of the people said. Engineers will be temporarily dispatched from Japan to share production technology and other expertise, the people said. In response to Reuters questions, Toyota said it was always looking for ways to optimise production. The report was not something the company had publicly announced, it said. HIGH-PERFORMANCE CAR The GR Corolla is one of three high-performance vehicles built on a dedicated line at the Motomachi Plant in Toyota City, where production is already at full capacity, the people said. Around 25,000 cars were produced on the line last year, with GR Corollas accounting for 8,000 of those. Toyota's US plants are also dealing with strong demand for hybrids and other vehicles, making it difficult for the automaker to shift production there, the people said. Whether exporting from Japan or Britain, Toyota plans to absorb any cost increases from tariffs through cost-cutting and other measures and will not raise prices, the people said. Also Read: Volvo Cars to cut 3,000 jobs in restructuring The GR series, which includes the GR Corolla and the GR Yaris, is a brand born out of Chairman Akio Toyoda's well-known love of racing and includes technology from motorsports in commercial cars. The price of the GR Corolla is around 6 million yen, or twice that of the standard model. While more customers move to electric and hybrid cars, sports cars still have a die-hard band of followers. While sales are not large in terms of numbers, the cars themselves are higher-margin, said one of the people. The GR series requires more time and effort to produce than a standard model because of the many manual processes involved and takes several months to be delivered to North America. After the transfer of the North America-bound production to Britain, the Motomachi plant will continue to produce vehicles for Japan and for other overseas markets, the people said.
