Latest news with #Toyotas
Daily Mail
a day ago
- Automotive
- Daily Mail
Wealthy residents of glitzy mountain town rage that 14 new PARKING spaces have ruined its 'vibe'
An ultra-exclusive mountain town has been left bitterly divided after officials developed a row of new parking spaces. Telluride, nestled in Colorado 's San Juan Mountains, is a famed summer getaway for billionaires, celebrities, and Silicon Valley moguls. In April the town added 14 new paid diagonal parking spaces on a section near its main street as part of a pilot program. It was hoped that the extra spaces would alleviate an increase in demand in the historic downtown area, creating more spaces in the high-traffic area. The spaces have been slammed by those who own or occupy homes along the road, citing safety concerns, congestion and negative effects on the town's aesthetic. Rosie Cusack, a resident of 29 years, told The Denver Post: 'The diagonal parking creates a negative visual impact as you arrive into town. It's like this terrible vibe.' Her main issue is the lack of transparency around the new spaces and the installation of the parking meters. She believes the town used the pilot program as an excuse to bring in new things without actually consulting residents. An anonymous local has also taken to placing yellow signs near the spaces, implying there is a wealth gap between those against the spaces, and those in favor. One sign reads: 'Sorry your generational wealth can't protect you from angled Toyotas'. Another said: 'Diagonal parking isn't a bad idea, but letting wealth dictate urban planning is.' It isn't all anger over the new spaces however, with Currie Parnell, who works nearby at a music store, saying they've helped bring in customers to the store. Parnell said: 'We see a huge influx of business around festivals and July 4th. Foot traffic and car traffic picks up this time of year, so it really satisfies that demand.' The town had installed a parking garage only a few years ago, but in Parnell's view the angled spaces over a quicker 'more straightforward' solution. At a town hotel meeting on, fierce critics expressed their disdain for the parking spaces to officials. According to the Post, one local suggested that council members had a 'premanufactured positive bias' of the pilot and they were forcing through the spaces. Resident Erik Dalton added: 'Ninety percent of my residential neighborhood – which is two blocks, it's small – is against this. I don't know what more we can do to show you guys this.' Council member Geneva Shaunette was also accused of ethical misconduct for submitting her own positive feedback on the spaces. Shaunette lives nears the spaces, writing: 'I love the diagonal parking because I have only had to park on a side street once this entire summer. 'Otherwise, I'm able to park within 5 spaces of my front door. As a G permit holder, I have really felt the increase in space.' The town attorney made it clear that Shaunette was not breaching any code of conduct by giving her own opinion. Deputy town manager Hayden Brodowsky told the meeting that he would continue to collect data throughout the summer over the new spaces. According to Brodowsky, despite what some locals said, there have been no safety issues observed by authorities due to the new spaces. The town has changed in recent years into a playground for the one percent, with $20 million ranches, private hiking trails and a paparazzi free summer for celebs. With limited commercial flights, Telluride is perfect for private jets, which isn't a problem for its residents, including Oprah Winfrey, who owns four properties there. The upcoming arrival of a Four Seasons — the first five-star hotel and luxe condo development in over 15 years — is a sign of what's to come.
Japan Today
2 days ago
- Automotive
- Japan Today
Trump announces 'massive' Japan trade deal including 15% tariff
By Daniel STUBLEN US President Donald Trump announced Tuesday a "massive" trade deal with Japan, cutting a threatened 25-percent tariff to 15 percent ahead of an August 1 deadline. Trump has vowed to hit dozens of countries with punitive tariffs if they don't strike a deal with the United States by next month. So far, Trump has only announced pacts with Japan, Britain, Vietnam, the Philippines and Indonesia, while talks continue with other trade partners. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump said on his Truth Social platform. Trump said that under the deal, "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits." He did not provide further details on the unusual investment plan, but said the deal "will create Hundreds of Thousands of Jobs." Japanese imports into the United States were already subject to a 10-percent tariff, which would have risen to 25 percent on August 1 without a deal. Duties of 25 percent on Japanese autos -- an industry accounting for eight percent of Japanese jobs -- were also already in place, as well as 50 percent on steel and aluminum. Japanese Prime Minister Shigeru Ishiba said on Wednesday in Tokyo that the autos levy was cut to 15 percent. "We are the first (country) in the world to reduce tariffs on automobiles and auto parts, with no limits on volume," he told reporters. "We think it is a great achievement that we were able to get the largest cut (in tariffs) among countries which have trade surpluses with the US," he said. This sent Japanese auto stocks soaring on Wednesday, including Toyota which rocketed more than 12 percent. US-bound shipments of Japanese cars tumbled 26.7 percent in June, stoking fears that Japan could fall into a technical recession. Last year vehicles accounted for around 28 percent of Japan's 21.3 trillion yen ($142 billion) of exports to the world's biggest economy. To Trump's annoyance, US-made cars sell poorly in Japan, with only hundreds sold annually for the likes of General Motors, compared to millions of Toyotas bought by US motorists. The US president also wanted Japan to increase imports of rice, the price of which has soared in recent months in the Asian giant, and of US oil and gas. Rice imports? - But Trump said Tuesday that Japan has agreed to "open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things." Rice imports are a sensitive issue in Japan, and Ishiba's government -- which lost its upper house majority in elections on Sunday -- had previously ruled out any concessions. Ishiba, whose future is uncertain following the election, said on Wednesday that the deal does not sacrifice Japan's agricultural sector. Trump has been under pressure to wrap up trade pacts after promising a flurry of deals ahead of his August 1 tariff deadline. Earlier on Tuesday, he announced a deal had been reached with the Philippines which would see the country face 19 percent tariffs on its exports. The White House also laid out details of a deal with Indonesia, which would see it ease critical mineral export restrictions and also face a 19 percent tariff, down from a threatened 32 percent. Indonesian goods deemed to have been transshipped to avoid higher duties elsewhere, however, will be tariffed at 40 percent, a US official told reporters Tuesday. After an escalatory tit-for-tat with China, the two major economies agreed to a temporary lowering of tariffs, with another round of negotiations expected next week in Stockholm. Since returning to the White House in January, Trump has imposed a sweeping 10 percent tariff on allies and competitors alike, alongside steeper levels on steel, aluminum and autos. Legal challenges to Trump's non-sectoral tariffs are ongoing. © 2025 AFP
Eyewitness News
3 days ago
- Automotive
- Eyewitness News
Trump announces 'massive' Japan trade deal including 15% tariff
WASHINGTON - US President Donald Trump announced Tuesday a "massive" trade deal with Japan, cutting a threatened 25-percent tariff to 15 percent ahead of an August 1 deadline. Trump has vowed to hit dozens of countries with punitive tariffs if they don't strike a deal with the United States by next month. So far, Trump has only announced pacts with Japan, Britain, Vietnam, the Philippines and Indonesia, while talks continue with other trade partners. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump said on his Truth Social platform. Trump said that under the deal, "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits." He did not provide further details on the unusual investment plan, but said the deal "will create Hundreds of Thousands of Jobs." Japanese imports into the United States were already subject to a 10-percent tariff, which would have risen to 25 percent on August 1 without a deal. Duties of 25 percent on Japanese autos -- an industry accounting for eight percent of Japanese jobs -- were also already in place, as well as 50 percent on steel and aluminum. Japanese Prime Minister Shigeru Ishiba said on Wednesday in Tokyo that the autos levy was cut to 15 percent. "We are the first (country) in the world to reduce tariffs on automobiles and auto parts, with no limits on volume," he told reporters. "We think it is a great achievement that we were able to get the largest cut (in tariffs) among countries which have trade surpluses with the US," he said. This sent Japanese auto stocks soaring on Wednesday, including Toyota which rocketed more than 12 percent. US-bound shipments of Japanese cars tumbled 26.7 percent in June, stoking fears that Japan could fall into a technical recession. Last year vehicles accounted for around 28 percent of Japan's 21.3 trillion yen ($142 billion) of exports to the world's biggest economy. To Trump's annoyance, US-made cars sell poorly in Japan, with only hundreds sold annually for the likes of General Motors, compared to millions of Toyotas bought by US motorists. The US president also wanted Japan to increase imports of rice, the price of which has soared in recent months in the Asian giant, and of US oil and gas. RICE IMPORTS? But Trump said Tuesday that Japan has agreed to "open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things." Rice imports are a sensitive issue in Japan, and Ishiba's government -- which lost its upper house majority in elections on Sunday -- had previously ruled out any concessions. Ishiba, whose future is uncertain following the election, said on Wednesday that the deal does not sacrifice Japan's agricultural sector. Trump has been under pressure to wrap up trade pacts after promising a flurry of deals ahead of his August 1 tariff deadline. Earlier on Tuesday, he announced a deal had been reached with the Philippines which would see the country face 19 percent tariffs on its exports. The White House also laid out details of a deal with Indonesia, which would see it ease critical mineral export restrictions and also face a 19 percent tariff, down from a threatened 32 percent. Indonesian goods deemed to have been transshipped to avoid higher duties elsewhere, however, will be tariffed at 40 percent, a US official told reporters Tuesday. After an escalatory tit-for-tat with China, the two major economies agreed to a temporary lowering of tariffs, with another round of negotiations expected next week in Stockholm. Since returning to the White House in January, Trump has imposed a sweeping 10 percent tariff on allies and competitors alike, alongside steeper levels on steel, aluminum and autos. Legal challenges to Trump's non-sectoral tariffs are ongoing.
TimesLIVE
4 days ago
- Automotive
- TimesLIVE
Denny Hamlin picks up Cup Series-high fourth win of year at Dover
Dover Motor Speedway used to be Denny Hamlin's worst track, but that's not the case any more. Hamlin waited out a one-hour red-flag delay, won three restarts on older tyres inside of 10 laps to go, and took the overtime checkers in Sunday's rain-interrupted AutoTrader EchoPark Automotive 400 in Dover, Delaware. In the second overtime, Hamlin lined up beside Joe Gibbs Racing teammate Chase Briscoe, who was on much fresher tyres. The Toyotas made contact coming to the white, allowing Hamlin's No 11 to nose ahead and beat the No 19 by 0.310 seconds for his series-leading fourth victory. Hamlin, who led 67 of the 407 laps, also fended off teammate Christopher Bell and Kyle Larson in late restarts — in regulation with eight laps left and the first overtime, respectively — to help him repeat at Dover and give Toyota its third straight win there. 'Winning here in Dover is super special to me,' said Hamlin, who last pitted for tyres on lap 326. 'This is a place I've not been very good at in the first half of my career. To have back-to-back [wins] over the last few years is amazing. 'I just studied some of the greats here. I was very fortunate to have Martin Truex [Jr.] as a teammate ... [and] watch Jimmie Johnson. You learn from the greats.' It was Hamlin's third career win at the Delaware track and his 58th overall victory in the Cup Series. 'We've still got a lot left,' he said. Briscoe wanted to make sure a JGR car won but said he did everything he could running below Hamlin.
Yahoo
07-07-2025
- Automotive
- Yahoo
Toyota's New Engine Family: Here's Why Rivals Should Worry
Toyota's New Engine Family: Here's Why Rivals Should Worry originally appeared on Autoblog. Many of today's powertrain developments are in the electric vehicle (EV) realm, but Toyota is expanding the limits of gas-powered engines. The automaker's next-gen engine lineup includes 1.5-liter and 2.0-liter sizes, which are entirely different from its previous internal combustion engines (ICE), leveraging more lightweight and compact designs. Toyota's new 1.5-liter achieves a 10% weight and volume reduction compared to the company's current 1.5-liter, while the new 2.0-liter offers similar gains to the existing 2.4-liter. In turn, Toyota is able to increase fuel economy and lower emissions without sacrificing power. Still, this next-gen engine family's efficiency extends beyond increased mileage and reduced emissions into areas like vehicle segment versatility. Let's take a closer look at how Toyota is giving its rivals increased competition with the innovation of its latest engine lineup. Flexibility is a focal point of Toyota's next-gen engine family, with the ability to mount longitudinally or transversely and be placed at a vehicle's front or rear. This flexibility supports the development of future, sportier Toyotas, plus the seamless implementation of all-wheel drive (AWD), RWD, and FWD layouts. Toyota can utilize the 1.5-liter engine to suit classes such as compact cars and hybrids, while the 2.0-liter turbo could fit larger trucks, SUVs, and sports models. 'With these engines, each of the three companies [Toyota, Subaru, Mazda] will aim to optimize the integration with motors, batteries, and other electric drive units,' Toyota said in a statement, according to The Daily Star. Toyota, which owns about a fifth of Subaru and roughly 5% of Mazda, added that its next-generation ICE engine lineup will help decarbonize ICEs by making them compatible with alternative fuel sources, such as e-fuels (synthetic fuels) and biofuels. While smaller engines often evoke thoughts of slower cars, their installation in upcoming Toyotas enables lower hoods, which enhances crucial performance factors such as aerodynamics and contributes to improved fuel economy. The engines' design flexibility also opens the door to Toyota reviving fan-favorite performance vehicles like the MR2 and streamlining the development of the upcoming Celica. American drivers could even see the engines in Gazoo Racing models like the GR Corolla and GR86. According to Toyota engineers who spoke with German publication Auto Motor und Sport, the 2.0-liter is easily capable of exceeding the 400-450-horsepower figure of the mid-engine GR Yaris M concept, or over 600 horsepower with a larger turbocharger. Toyota's desire to expand the limits of ICEs arrives at a time when many automakers are reducing their investment in the technology. This decision from Toyota, along with its collaborators Subaru and Mazda, could pay off in a significant way by appealing to drivers who are not yet ready for full electrification, whether for reasons like lack of charging infrastructure or personal taste, but still seek improved efficiency. Drivers can also look forward to this ICE technology offering the ability to increase sports car mileage and reduce emissions while enhancing power. Many automakers have decided to stretch ICE production into the 2030s, but Toyota and its partners appear to have a leg up on competitors with this next-gen engine lineup offering innovation in the areas that matter most. Toyota's New Engine Family: Here's Why Rivals Should Worry first appeared on Autoblog on Jul 6, 2025 This story was originally reported by Autoblog on Jul 6, 2025, where it first appeared.
