Monday, April 28, 2014

TOYOTA TO ESTABLISH NEW NORTH AMERICAN HEADQUARTERS IN PLANO, TEXAS!


Torrance, Calif., New York, N.Y., and Ann Arbor, Mich., April 28, 2014 –Toyota today announced that it is establishing a new headquarters in North Dallas (Plano), Texas for its North American operations in a move designed to better serve customers and position Toyota for sustainable, long-term growth.

Within the next three years, Toyota’s three separate North American headquarters for manufacturing, sales and marketing, and corporate operations will relocate to a single, state-of-the-art campus in Plano.  Toyota’s North American finance arm also plans to move its headquarters to this new shared campus.  Altogether, these moves will affect approximately 4,000 employees.

At the same time, Toyota will expand the Toyota Technical Center (TTC) in Michigan to accommodate the relocation of direct procurement from Erlanger, Ky., to its campus in York Township near Ann Arbor.  This expansion is part of an increased investment in engineering capabilities and will accommodate future growth in product development.

The transition to Plano from three current headquarters locations – affecting approximately 2,000 employees at Toyota Motor Sales, U.S.A., Inc. (TMS) in Torrance, Calif.; about 1,000 employees at Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) in Erlanger, Ky.; and certain employees at Toyota Motor North America (TMA) in New York, N.Y. – will begin with initial small groups this summer. However, the majority of these employees will not move until construction of Toyota’s new headquarters is completed in late 2016 or early 2017.  Toyota Financial Services (TFS) is not expected to transition to Plano from its current headquarters in Torrance, Calif., until 2017, which will affect around 1,000 employees.

Jim Lentz, who was named Toyota’s first chief executive officer for the North America Region in 2013, said: “With our major North American business affiliates and leaders together in one location for the first time, we will be better equipped to speed decision making, share best practices, and leverage the combined strength of our employees.  This, in turn, will strengthen our ability to put customers first and to continue making great products that exceed their expectations.  Ultimately, enabling greater collaboration and efficiencies across Toyota will help us become a more dynamic, innovative and successful organization in North America.  This is the most significant change we’ve made to our North American operations in the past 50 years, and we are excited for what the future holds.”

In support of the communities in California and Kentucky, Toyota also announced a $10 million philanthropic commitment to provide continued funding for local non-profits and community organizations in these states over a five-year period beginning in 2017, over and above existing commitments.

The establishment of a new headquarters builds upon previous efforts by Toyota to enhance regional autonomy, self-reliance and responsibility.  While the sales and marketing, manufacturing and corporate business units will retain their responsibilities and operating names, Toyota expects that new cross-functional teams will identify and execute on ways to serve the broader North American organization.

Toyota will construct a new, environmentally-sustainable campus facility in Plano, which is expected to take two or more years to construct after groundbreaking in the fall of 2014.  Until the new campus facility is complete, initial small groups of employees will work from a temporary location in the Plano area.

Toyota will also build a new facility on TTC’s York campus (subject to final approval of state and local incentives) to accommodate approximately 250 direct procurement positions currently based at TEMA in Erlanger.

In addition, about 300 production engineering positions based in Erlanger will be relocated to a new facility to be built at Toyota Motor Manufacturing Kentucky (TMMK) in Georgetown, Ky., while approximately 1,000 TEMA administrative positions will transition to Plano.

Toyota’s 10 manufacturing plants in the U.S. will not be impacted by these changes.  Also, the following Toyota units will not be impacted at this time:

  • Toyota regional field offices and Lexus area offices
  • Operating units in Canada, Mexico and Puerto Rico
  • Toyota Financial Service’s regional offices, sales offices, service centers and its bank
  • Calty Design Research facilities
  • Toyota InfoTechnology Center
  • Toyota Racing Development
  • AirFlite Inc.
  • Logistics Services Field Locations
  •  Distribution centers

After moving from its existing headquarters, Toyota will continue to have approximately 2,300 employees in California and 8,200 employees in Kentucky.  This includes 750 new jobs being added at TMMK for production of the Lexus ES, which begins in 2015.  Toyota will also continue to maintain offices in the New York City area and Washington, DC.

The move will not impact Toyota’s relationship with Gulf States Toyota, Inc. (GST), a private distributor of Toyota vehicles based in Houston, Texas.

Toyota Financial Services (TFS) is a service mark used to refer to a number of entities, including Toyota Motor Credit Corporation (TMCC), Toyota Financial Savings Bank (TFSB), and Toyota Motor Insurance Services, Inc. (TMIS).

Wednesday, April 16, 2014

Mustang 50 Year Limited Edition


Ford Pays Homage to Five Decades of the World’s Favorite Pony Car with Mustang 50 Year Limited Edition

·         The 50 Year Limited Edition builds on the all-new 2015 Ford Mustang GT fastback and will be available in either Wimbledon White or Kona Blue.
 ·         Special-edition Mustang comes standard with nearly every available option;   
       the only choice customers have to make is color, and manual or automatic
       transmission.
 ·         2015 Mustang 50 Year Limited Edition will be available in fall 2014; only 1,964
       examples will ever be built.


NEW YORK, April 16, 2014 – Fifty years after debuting one of the world’s most popular cars, Ford is marking the milestone by revealing a Mustang 50 Year Limited Edition. Created to honor five decades of Mustang heritage, only 1,964 examples of the 50 Year Limited Edition will ever be built when it goes on sale this fall.
“When Mustang was approved for development more than 50 years ago, I don’t think anyone imagined it would spawn such a dedicated base of fans around the world and still be in production today,” said Bill Ford, executive chairman, Ford Motor Company. “We are thrilled to be here in New York – where Mustang was first shown to the public at the 1964 World’s Fair – to re-create that historic event for today’s Mustang enthusiasts.”

Based on the all-new 2015 Mustang GT fastback with performance pack, the 50 Year Limited Edition is designed to provide customers with outstanding performance and a unique appearance that will be instantly recognizable on the road. The only options for the 50 Year Limited Edition are the choice of two exclusive colors and a six-speed manual or automatic transmission.


50 years of inspiration
“The new Mustang blends a muscular, contemporary shape with design cues that define it as quintessentially Mustang,” said Moray Callum, Ford vice president of design. “The 50 Year Limited Edition adds details that set it apart from other Mustangs, while hearkening back to the 1965 original.”

The only two available colors are Wimbledon White, like Mustang serial No. 0001 that was first sold to Capt. Stanley Tucker in April 1964, or Kona Blue. Both are exclusive to this limited-edition car.

“Chrome trim was much more prevalent on cars in the 1960s than it is today, so we added some discreet highlights for the grille, side glass and tri-bar taillamps,” said Callum. “The darker Kona Blue provides a particularly striking contrast against the chrome.”


Chrome bezels surrounding the base of each of the three taillamp blades take inspiration from the original 1962 design proposal by Gale Halderman that became the basis for the production model that debuted in 1964. The three individual lamps on each side of that design were combined into a single tri-bar lamp cluster for production, but the original concept has returned five decades on. The Mustang 50 Year Limited Edition will be the only 2015 model with the large faux gas cap badge on the rear fascia, with 50 Years added to the GT designation.


Another visual element that won’t be found on any other Mustang is the louvered rear quarter-windows. Unlike the external louvers on the quarter-windows of the 1965 fastback, the new windows are comprised of layered sheets of glass built with a construction technique uniquely developed for this car.

Unique cockpit experience
From behind the wheel, drivers will know they are driving a very special car. The aluminum trim panel that spans the double-brow instrument panel gets an axel spin finish different from other 2015 Mustangs, plus a special serialized 50 Year Limited Edition badge on the passenger side. Each badge will be individually etched at Flat Rock Assembly Plant where Mustang is built.


The limited-edition is the only 2015 Mustang with a cashmere-stitched, leather-wrapped steering wheel. The stitching is also used on the instrument panel, shifter boot, center armrest, door inserts and seats. The seats feature exclusive two-tone cashmere and black leather upholstery, and the Mustang 50 Year logo on the seat backs.

Limited-edition cars will be equipped with loop-carpet floor mats with cashmere stitching and suede binding not available on other Mustangs.

A showpiece meant to be driven
“Mustang fans love to drive their cars, even the rarer examples of the breed, so we built this limited-edition from the best-performing 2015 Mustang available – the GT fastback with the performance pack,” said Dave Pericak, Mustang chief engineer. “While some collectors will undoubtedly stash this car away in a museum, those who choose to hit the open road will get a world-class sports car that can run with the best.”



Powered by the upgraded 5.0-liter V8 engine delivering more than 420 horsepower and 390 lb.-ft. of torque, every 50 Year Limited Edition will be equipped with the Mustang GT performance pack that includes massive six-piston Brembo front brakes and 19-inch alloy wheels with high-performance Y-speed-rated Pirelli P-Zero summer tires.

The 19-inch alloy wheels feature a unique Y-spoke design inspired by the chromed steel wheels that were offered on the original Mustang 50 years ago. The front wheels are 9.0 inches wide with 255/40R tires, while the staggered rear wheels are 9.5 inches wide with 275/40R tires.

The 50 Year Limited Edition is the only 2015 Mustang that will be available with a combination of an automatic transmission and the performance pack. When equipped with the six-speed automatic transmission, the Mustang 50 Year Limited Edition will get a limited-slip rear differential with a 3.55:1 final-drive. Customers who opt for the six-speed manual will get a Torsen differential with a 3.73:1 final-drive ratio.

The 50 Year Limited Edition car will be among the first 2015 Mustangs built when production begins later this year. Each of the 1,964 50 Year Limited Edition Mustangs will get a unique owner’s guide in a leather portfolio with the 50 Year badge on the outside.

“We wanted to provide our most dedicated fans with the emotion of the original Mustang in a 21st century car,” said Ford. “With this 50 Year Limited Edition, I believe we have accomplished our goal.”