Word: toyotas
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Back up. O.K., stop. A little more. O.K., now turn the wheel. More. More. Too much! Sorry, sir, was that your car? If you've ever driven in a city, you know the agony of parallel parking in a tight space. But your suffering may soon end. Toyota has invented a car that parallel parks itself. This new version of the Prius, Toyota's hybrid gas-electric automobile, has an optional self-parking feature, which combines a rear-mounted camera, power steering and special software that automatically guides the car backward into its curbside destination. With Intelligent Parking Assist...
...Colombo, the nation's capital, checkpoints and armored guards are still conspicuous. But many roads that were closed off for security reasons have reopened, and shiny new imported cars clog the main traffic arteries at rush hour. "This year, sales are up sharply," says Nobuhiko Kato, managing director of Toyota Lanka. Fueled by a booming financial sector that offers consumers easy purchasing plans, Toyota forecasts that the number of its cars sold in Sri Lanka will rise from 480 in 2002 to 850 this year?a long-awaited sign that the worst has passed...
...torn '90s, Carter of the IMF argues that Sri Lanka "has the potential to keep growing, even if the worst happens." But any growth it achieves in a state of resumed conflict will be a parody of what this highly literate, resource-rich country can achieve in peacetime. Toyota, for instance, expects any resumption of fighting to slash its sales by up to 25%. A foreshadowing of a Sri Lanka gone wrong already awaits visitors to the posh Welcombe Hotel in Trincomalee. Owned by Sri Lanka's Tourism Minister, the once famous hotel was renovated and reopened...
...reputation for durability isn't suffering as much in Europe; its cars stack up well against rivals from Opel, GM's European subsidiary, and France's Renault (and far better than Italy's Fiat and France's Peugeot). In the U.S., the benchmarks for high quality are Toyota and Honda, nameplates that haven't sold as well in Europe (though that's changing). But the Golf V and its variants are facing a tougher European marketplace. The Golf will take on a new Opel Astra, which launches early next year, and faces formidable foes in the Peugeot 307, Renault...
Naming rights to sports facilities usually go to local companies: there's Raymond James Stadium in Tampa, Fla.; Pacific Bell Park in San Francisco; and America West Arena in Phoenix, Ariz., among others. So why is Toyota, a Japanese company with U.S. offices in Torrance, Calif., the nameplate for the new Toyota Center arena in Houston? For one 7-ft. 5-in. reason: Yao Ming, the Houston Rockets star from Shanghai. Toyota opened a new plant in Tianjin, China, and hopes millions of Yao fans will soon be Corolla fans...