All about Toyota

Reported on May 6, 2024, Vice President of PT Toyota Motor Manufacturing Indonesia (TMMIN) said localization of industry in Indonesia is a complex matter and many factors need to be considered. One of them is the government’s plan to increase value-added tax (VAT) to 12% in 2025.

The large number of taxes imposed in the country will create a dilemma, where industry will choose to use imported semi-finished goods instead. 

Previously, TMMIN was also worried that the 12% VAT would make the price of automotive industry components even more expensive. This will have an impact on the supply chain. Therefore, TMMIN hopes that the government and policy makers will prepare a gradual impact plan for the VAT increase to avoid turmoil in the industry. 

(From Gaikindo press release on May 6, 2024 and multiple sources)

On May 8, Toyota presented its 2025 Corolla Cross model in Argentina.

The new SUV has two hybrid versions with eCVT automatic transmission, one with 1.8 SEG and another with 1.8 XEI. It is also available in the 2.0-liter ICE version and 10-speed  Direct Shift CVT transmission, offering up to 171 hp and 203 Nm of torque.

With respect to safety, starting with the XEI version the vehicle will have blind spot alert, rear traffic alert and brake assist system, in addition to the Toyota Safety Sense active safety package, which all versions have.

This vehicle is the first one in Argentina using Toyota’s global identity “Beyond Zero” to achieve carbon neutrality.

This model is already available in Toyota’s website for purchase.

(Toyota Argentina press release on May 8, 2024)

On May 8, Toyota began production of the ninth-generation 2025 Camry, which is powered exclusively with the fifth-generation Toyota Hybrid System, part of Toyota’s multi-pathway approach to electrification.

The TMMK plant in Georgetown, Kentucky, with its nearly 10,000 team members, is the home of the Camry and has been a hub of the automaker’s North American operations since 1986.

Toyota’s most recent USD 1.3 billion investment in the Georgetown facility further boosts the company’s electrification efforts, including the coming assembly of an all-new, three row battery electric SUV for the U.S. market. 

The new vehicle supports Toyota’s multi-path approach to provide customers options for electrified products that best suit individual needs now and in the future.

Toyota has announced new investments totaling more than USD 18.6 billion into its U.S. manufacturing operations since 2021 to support electrification efforts.

(Toyota press release on May 8, 2024)