Tragic Bronson
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Toyota is facing an Olympic-size nail-biter
With the 2020 games in doubt the Japanese automaker stands to lose big.
adage.com
When was NYC Auto show supposed to be again? We're not far off, right? I would hope they bother to release something new online.
The Javits Center in New York where the New York show is held is currently being turned into an emergency COVID-19 hospital.As of now, the next major auto show on the calendar is Detroit (press days June 9 & 10), followed by New York (press days August 26 & 27). With the Covid-19 pandemic, though, anything can happen.
Toyota already postponed a reveal, the B-segment SUV at Geneva, and month latter we still hasn't seen anything.
Well its moved to 2021. Might actually help Lexus/Toyota with more time for products and getting things right..
Not sure if the extra year's wait on Toyota/Lexus launches meant to coincide with the Tokyo Olympics will help or hurt most things, but I think it'll definitely help with one initiative: Solid State Batteries. That was meant to be the big highlight among the Toyota Tokyo Olympics reveals. It would've probably been an early, super-low-volume pilot test, however. Having an extra year to develop this and get it that much closer to mass production before its public reveal can't hurt.There's something to be said about another year not disrupting their plans, but another year of radio silence isn't a good thing. A company that sees a dead air gap like this coming up and instead chooses to use it as an excuse not to announce or deliver anything, isn't giving much thought to cultivating their fan base.
Not sure if the extra year's wait on Toyota/Lexus launches meant to coincide with the Tokyo Olympics will help or hurt most things, but I think it'll definitely help with one initiative: Solid State Batteries. That was meant to be the big highlight among the Toyota Tokyo Olympics reveals. It would've probably been an early, super-low-volume pilot test, however. Having an extra year to develop this and get it that much closer to mass production before its public reveal can't hurt.
Update (July 19, 6:00 PM EST): Toyota has clarified that any marketing changes will be limited to Japan and that Toyota will not be adjusting its marketing plan in the U.S. A Toyota spokesperson added the following:
“The media plan for Toyota’s Olympic and Paralympic global ad campaign is managed by individual countries and regions. In Japan, the local Toyota office previously decided not to air the campaign out of sensitivity to the COVID-19 situation in that country. In the U.S., the campaign has already been shown nationally and will continue to be shown as planned with our media partners during the Olympic and Paralympic Games Tokyo 2020.”
In addition, an NBC spokesperson also clarified to CarScoops that “no advertiser in the US has asked to cancel their Olympics plans”.
Toyota confirms it will end Olympics, Paralympics sponsorship
TOKYO, Sept 26 (Reuters) - Toyota Motor (7203.T), opens new tab Chairman Akio Toyoda confirmed on Thursday the company will not renew its 10-year contract as a top sponsor for the Olympics and Paralympics following the Paris Games.
The world's biggest automaker, which had already suggested it would not renew the contract when it expired, will continue to financially support athletes, Toyoda said in the company-owned media channel.
Earlier this month, Panasonic Holdings (6752.T), opens new tab announced it would also end its 37-year contract as a top sponsor after it became an official partner of the Olympic Games in 1987.
The International Olympics Committee saw revenues of $2.295 billion from its top sponsors for the period 2017-2021, the second-biggest source of income for the Olympic movement, with broadcasters paying $4.544 billion over the same period.