Toyota to Use Prius Hybrids to Supply Household Appliances with Electricity!

As they say, necessity is the mother of invention. In Japan’s case, the devastating earthquake in March and the subsequent damages to the country’s infrastructure put the spotlight on Toyota’s Estima Hybrid minivan that features a system allowing the supply of auxiliary electricity to power household appliances.

The minivan’s owners were extremely satisfied with the system, which effectively turns the hybrid system into an electric generator that runs on gasoline, claiming that it was invaluable during the extended blackouts in Japan.

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2012 Toyota Fortuner: SUV Version of Facelifted HiLux Makes Asian Debut

After last week’s presentation of the redesigned 2012 HiLux in Europe, Toyota went ahead and introduced the Asian market version of the pickup truck, called HiLux Vigo in Thailand, as well its SUV sibling, the seven-passenger Fortuner.

Both the HiLux Vigo and Fortuner sport the same styling revisions with their European counterpart including the new front end with the chromed out, razor edge grille, new alloy wheel options, and interior refinements such as the redesigned instrument panel plus trim and equipment updates.

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Über Rare Porsche 911 GT1 Straßenversion up for Grabs

It might not be the prettiest Porsche to look at, but the 911 GT1 Straßenversion is without doubt one of the most rare and radical street legal 911s ever to leave the Stuttgart firm’s factory.

You see, the 911 GT1 Straßenversion is the fully road-legal version of Porsche’s 1997 GT1 race car, While based on the 993, it features many modifications including a bespoke carbon-fiber body made to improve aerodynamics and lower the car's weight, and a detuned version of the competition model’s turbocharged flat-six engine delivering some 540 horses.

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Rising Yen won’t Hurt Nissan’s Sales, says Ghosn

Nissan CEO, Carlos Ghosn, has predicted that Japan’s second biggest carmaker will achieve its sales targets, despite the yen’s 9.6% climb over the US dollar in the past year. However Ghosn admitted that the strength of the Yen may cause problems: “The high yen is definitely a headwind. What I worry about is not just Nissan, but Japanese manufacturers losing their motivation to maintain production in Japan”. Read more »

The Price of Parking: Colliers’ Releases Results of 2011 Global Survey

The results of Colliers International’s 2011 Parking Rate Survey are in for the U.S., Canada and the rest of the world, and there are few surprises.

The U.S. national median monthly parking rate is US$155.22, with the highest being midtown Manhattan at US$541 and Renoa at US$45 the cheapest. In Canada, Calgary topped out at US$486 followed by Toronto at $342 USD and Montreal at $305 USD.

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