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Motor 1
6 hours ago
- Automotive
- Motor 1
Toyota Wants to 'Increase Power' in the GR Corolla
The Toyota GR Corolla is even better for 2025, with more torque and a new eight-speed Direct Automatic transmission. But those may not be the only changes we see to the feisty five-door over the next few years. In an interview with Chief Engineer Naoyuki Sakamoto, he revealed to Motor1 that more track goodness could make its way to the GR Corolla and GR Yaris models relatively soon—that includes additional power. "Hopefully, we can come to a measure to increase power, and eventually, with that planning, it can come to the production Corolla and GR Yaris," Sakamoto tells us. Photo by: Toyota That said, that extra power won't come easily. Sakamoto notes that the company attempted to increase the output of its TCR race car during a test of the Corolla's powertrain at Sonoma, but it wasn't successful, at least, not initially. "We tried to increase engine power with the TCR Corolla [race car], then we broke [it]," Sakamoto says. "We know the limit, we know how to increase the engine power. But still we are studying. We are always trying to push the limit…" Toyota hasn't confirmed a production GRMN Corolla (or a new GRMN Yaris, for that fact), but it's highly rumored . That model will reportedly use the same turbocharged 1.6-liter engine as the current GR Corolla, but with 'unique tuning' to produce even more torque and horsepower Photo by: Toyota That extra horsepower will be paired with track-specific upgrades like aerodynamic bodywork, a new suspension setup, better wheels, and stickier tires. The supposed GRMN prototype (pictured here) has 18-inch BBS forged wheels shod in 245/40 ZR18 tires—noticeably wider than the Circuit Edition's 235/40 ZR18 rubber. It also wears Michelin Pilot Sport Cup 2 tires instead of the standard Pilot Sport 4. The Toyota GRMN Corolla should, hopefully, show up before the end of the year, and the GRMN Yaris will likely precede it in Europe. Hopefully, we'll have details closer to a debut date. The Latest GR Corolla News The Secret to the Toyota GR Corolla's Success? Cooling Confirmed: Toyota Will Make the GR Corolla In the UK Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Reuters
a day ago
- Automotive
- Reuters
Toyota Industries to accept Toyota Group's $42 billion offer, Nikkei reports
June 2 (Reuters) - Toyota Industries (6201.T), opens new tab is expected to accept the $42 billion takeover bid by the world's biggest automaker Toyota Motor Corp (7203.T), opens new tab and other group companies as early as Tuesday, the Nikkei newspaper reported on Monday. The group companies are expected to take Toyota Industries private after it accepts the tender offer, the report said. Toyota Motor had said in April it was considering participating in a potential buyout of major parts supplier Toyota Industries. Kyodo news agency reported in May that Toyota Industries plans to accept a tender offer by Toyota Motor and was making arrangements to announce its intention as early as the same month.
Japan Times
23-05-2025
- Automotive
- Japan Times
ISS reverses stance and backs Toyota chief's reappointment
A firm that advises large investors backed the reappointment of Chairman Akio Toyoda to Toyota's board, reversing its position from a year ago. "There are no particular concerns about the nominee,' Institutional Shareholder Services said in a report Thursday. The world's No. 1 carmaker will hold its annual meeting June 12. ISS, Glass Lewis and other proxy advisory firms can influence voting at shareholder meetings by providing an analysis for why stakeholders should support or reject proposals on directors and other matters. Last year, ISS and Glass Lewis recommended against Toyoda's re-election, citing concerns over governance and his handling of a series of vehicle safety scandals, as well as Toyota's commitment to reducing its impact on climate change. Representatives for Toyota didn't immediately respond to a request for comment. Shareholder support for Toyoda, whose grandfather founded the company, has been slipping in recent years. More than a quarter of votes cast at last year's annual meeting opposed his reappointment. His share of affirmative votes dropped to 72%, from 85% and 96% in the prior two years. Toyoda has said that his seat on the board could be at risk if shareholder support continues to decline. "No board member in Toyota's history has seen their support fall so low,' he said in a podcast interview with Toyota Times, the company's media outlet, in July 2024. Toyoda has long been the face of the company, which he led from 2009 until 2023, when he ceded the chief executive officer role to Koji Sato. Last year's regulatory scandals caused Toyoda's opposition to spread among big shareholders, including Nissay Asset Management and Mitsubishi UFJ Asset Management. The scandals began with government probes that uncovered falsified vehicle safety certifications in December 2023 at a pair of subsidiaries — Daihatsu Motor and Toyota Industries — then a few months later at the carmaker itself. This year, the focus could fall on Toyoda's ¥6 trillion ($41.7 billion) plan to buy out Toyota Industries, and whether the take-private deal by the founding family will help or hurt the carmaker's push to improve corporate governance. Toyoda owns less than 1% of Toyota Motor, while Toyota Industries — a major forklift manufacturer and producer of car parts and textile machinery — has a 9.1% stake in the carmaker. Much depends on how these holdings are rationalized if and when the deal proceeds. Voting at shareholder meetings in Japan are becoming more consequential, as the government urges businesses to unwind ownership of stock in each other. That's triggered a broader dissolution of cross-held shares among the country's biggest companies, those including between Toyota and its suppliers, affiliates and banks.
