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Toyota Goes Trendy With New Camry

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Toyota Car - Investors King
  • Toyota Goes Trendy With New Camry

Toyota Motor Corporation has rolled out an all-new 2018 Toyota Camry, eliciting enthusiasm from its fans and lovers of sleek sedans globally as it raises the level of fun and excitement in the latest model.

The eighth-generation sedan is said to be the result of Toyota’s total evolution, thanks to its much-talked about new-found performance and style.

A statement from the manufacturer’s communication team says the Toyota team is thrilled by the success of the Camry over the years, including the current model, which informed the decision to reward its fans with something novel and trendy.

Specifically, the all-new Camry utilises the TNGA (Toyota New Global Architecture), which represents a completely new strategy in the way the company designs, engineers and packages its vehicles.

The TNGA, it says, “retains all of Toyota’s traditional values of superlative build quality and safety while injecting a fun driving experience that plays on all the senses. The physical manifestation is the usage of a new engine, transmission and GA-K platform.”

It quotes Toyota Senior Vice-President, Automotive Operations, Mr. Bill Fay, as saying, “With an exhilarating design, refined interior, stirring driving performance, cutting-edge safety and technology, and class-leading fuel efficiency, the all-new Camry retains its excellent value while raising its level of fun and excitement to new heights. It is simply the best Camry ever and the benchmark in the mid-size sedan segment.”

“With the full implementation of the TNGA in the new Camry, the car’s designers and engineers had an opportunity to develop the eighth-generation model from the scratch. So, instead of resting on past laurels and taking the safe route of basing the new model on the same formula that has made past Camry models the best-selling mid-size sedan in the world, its Chief Engineer, Masato Katsumata, had other plans. He wanted to redefine the genre and create something that would stir people’s souls; so, he went about producing a sedan that not only embraced the Camry’s traditional core components of performance and intelligence, but also added one more element to the mix: experience,” says the automaker.

Exterior

Toyota says the 2018 Camry has a sleeker profile than the current model, with aggressive character lines.

The design team, according to the firm, has been able to reduce the car’s overall vehicle height by approximately one inch from the current model and incorporate a lower roofline, without sacrificing interior space.

This is achieved by lowering the hip points of the occupants (0.8-inches in the front and 1.2-inches at the rear), and therefore their seating positions.

“Like the front, the rear features an athletic motif that melds flowing lines and complex shapes to form a sculpted landscape. Looking closely at the C-pillar’s detail will reveal a multitude of surfaces that reflect light from all angles,” it states.

Trims

The new Camry will be available in five grades: L, LE, XLE, SE and XSE. The sportier SE and XSE grades wear a noticeably different body style than the entry level L and LE, and premium XLE grades, highlighted by a sculpted rocker panel, new 19-inch black machined-finish alloy wheels (standard on XSE and optional on SE) a subtle rear spoiler lip, aggressive front bumper, and rear bumper with a lower diffuser.

Interior

Toyota says the completely redesigned interior is a fusion of functionality, futuristic styling, and a high degree of personal space and craftsmanship.

According to the manufacturer, while the driver is situated in a sporty cockpit-type environment having gauges angled toward his or her direction, the front passenger is treated to a sense of openness and freedom that results from the innovative dashboard design.

It says a key visual element of this driver-focused design concept is a sweeping yet elegant new character line that flows down from the instrument cluster and bisects the centre console waterfall.

Toyota says the new front seats have improved ergonomics, providing maximum comfort with a newfound level of ease and engagement to match the Camry’s elevated performance and athleticism.

Its rear-seat accommodation is said to be more refined than ever too, with improved comfort and ergonomics, adding, “Exquisite stitching on the front- and rear-seat surfaces is but one example of the high level of craftsmanship found throughout the vehicle.”

Entertainment

The car features Toyota’s latest in-vehicle information technology whose next-generation displays offer a unique level of integrated information with minimal distraction.

It relays information through three available interlinked displays: a 10-inch colour Head-Up Display; a seven-inch multi-information display within the instrument cluster, and an eight-inch audio/navigation/HVAC (heating, ventilation and air conditioning) control panel that’s seamlessly integrated into the centre console in a modern, flush-surface design.

“Convenient and highly intuitive operation is assured through customisable features and smart phone-like touch screen icons that create a seamless connection and user workflow between the in-vehicle information technology and other digital media,” it says.

The TNGA technology

The TNGA is considered the joker in the all-new Camry as the automaker notes that the development of the car has been advanced by this technology.

Toyota says the TNGA is much more than an approach to designing a vehicle’s platform; it is a new strategy that strengthens the development of its vehicles going forward.

“The all-new Camry’s TNGA-based body/platform has created a new dimension of design freedom that includes an extended wheelbase and a wider vehicle stance, realising a stylish and sporty new design aesthetic,” it says.

Engine

Toyota says three new powertrains will be available on the new 2018 Camry: an all-new 2.5-litre inline-four-cylinder D-4S petrol engine and a new 3.5-litre V6 with D-4S fuel injection, both of which are paired to a new eight-speed direct-shift automatic transmission (8AT); and a next-generation Toyota Hybrid System (THS II).

Safety

It lists the many safety features of the 2018 Camry to include the standard TSS-P suite of safety systems and technologies helping to make gradual progress towards the automaker’s ultimate goal of ‘zero casualties from accidents’.

This safety suite is said to offer cutting-edge active safety technologies such as Pre-Collision System with Pedestrian Detection, Dynamic Radar Cruise Control, Lane Departure Alert with Steering Assist; and Automatic High Beams.

It says select models will also come with standard Blind Spot Monitor with Rear Cross Traffic Alert, just as the available Intelligent Clearance Sonar includes a new Rear Cross Traffic Braking system.

It also says the new Camry has 10 standard airbags along with Toyota’s Star Safety System™, which are Enhanced Vehicle Stability Control, Traction Control, Electronic Brake-force Distribution, Brake Assist, Anti-lock Braking System, and Smart Stop Technology, among others.

It adds that the new Camry comes equipped with a standard backup camera.

“Camry drivers will be the first to enjoy enhanced connectivity and entertainment through the new Toyota Entune™ 3.0 multimedia system. The new 2018 Camry will feature Entune 3.0 on all models, offering an enhanced set of connected vehicle technologies.”

It says the Entune™ 3.0 delivers several new technologies including available Remote Connect, which provides remote start and door unlock capability, vehicle status notifications, a guest driver monitor, and vehicle finder.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Starlink Pulls Plug on Ghana, South Africa, and Others

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Starlink, the satellite internet service operated by SpaceX, has announced the cessation of services in countries including Ghana and South Africa.

This decision comes as a significant blow to users who have come to rely on Starlink for their internet connectivity needs.

The decision, set to take effect by the end of April 2024, will disconnect all individuals and businesses in unauthorized locations across Africa, including Ghana, South Africa, Botswana, and Zimbabwe.

While subscribers in authorized countries such as Nigeria, Mozambique, Mauritius, and others can continue to use their kits without interruption, those in affected regions face imminent loss of access.

One of the reasons cited by Starlink for the discontinuation is the violation of its terms and conditions.

The company explained that its regional and global roaming plans were intended for temporary use by travelers and those in transit, not for permanent use in unauthorized areas. Users found in breach of these conditions face the termination of their service.

Furthermore, Starlink’s recent email to subscribers outlined stringent measures to enforce compliance.

Subscribers who use the roaming plan for more than two months outside authorized locations must either return home or update their account country to the current one. Failure to do so will result in limited service access.

The decision to discontinue services in certain countries raises questions about the future of internet connectivity in these regions.

Also, concerns have been raised about Starlink’s ability to enforce the new rules effectively. Reports indicate that the company has previously failed to enforce similar conditions for over a year, raising doubts about the efficacy of the current measures.

Starlink’s decision to pull the plug on Ghana, South Africa, and other nations underscores the complexities of providing satellite internet services in diverse regulatory environments.

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Nigeria’s Broadband Penetration Stalls at 42.53% Amid Connectivity Challenges

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Nigeria’s broadband penetration has stalled at 42.53% as of January, according to the latest report.

Subscriptions currently stand at 92.19 million, indicating a significant gap in connectivity, particularly in rural areas.

The Nigerian National Broadband Plan 2020-2025 aims to increase broadband penetration to 70% by 2025, with the ultimate goal of achieving 96% mobile broadband coverage by 2030.

However, this ambitious target requires substantial investment—approximately $461 million, according to a recent report by the Global System for Mobile Communications Association (GSMA).

While the country’s major telecommunications companies, such as MTN Nigeria and Airtel Africa, have invested heavily in expanding their network infrastructure, much of this development has been concentrated in urban areas. Rural and underserved regions face a significant coverage gap, exacerbating the digital divide.

Despite these challenges, Nigeria has made progress in improving its broadband infrastructure. Since 2012, the mobile broadband coverage gap across Africa has decreased from 56% to 13% in 2022, due to significant investments in network capacity and new technologies.

Nonetheless, millions of Nigerians, particularly those in rural regions, remain without access to essential telecom services.

To address this issue, Nigeria’s government established the Universal Service Provision Fund (USPF) in 2006, aimed at bridging the connectivity gap and expanding broadband access to unserved and underserved areas.

The fund provides resources for deploying telecommunications infrastructure in economically unviable regions.

The success of these initiatives, along with increased investments in broadband infrastructure and policies to incentivize internet expansion in remote areas, will be crucial in closing the connectivity gap and improving digital access for all Nigerians.

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iPhone Shipments Drop Amid Resurgence of Android Rivals

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Apple iPhone 14

Apple Inc. reported a significant drop in iPhone shipments during the March quarter, reflecting a downturn in sales across China amid the resurgence of competition from Android-powered rivals.

According to market tracker IDC, the tech giant shipped 50.1 million iPhones in the first three months of the year, a 9.6% year-on-year decline that fell short of the average analyst estimate of 51.7 million.

The steep decrease in iPhone sales marks Apple’s most significant quarterly dip since 2022, when Covid-19 lockdowns disrupted supply chains.

This time, the Cupertino-based company faces challenges from resurgent competitors such as Huawei Technologies Co. and Xiaomi Corp.

These firms have rebounded strongly in recent quarters, and their innovative product lines have begun to reclaim market share from Apple in China.

Samsung Electronics Co. regained its position as the top smartphone supplier globally, while Apple ranked second. Xiaomi closed the gap on Apple, shipping 40.8 million units, an impressive 33.8% increase year-on-year.

Transsion Holdings, another key player in the budget smartphone segment, nearly doubled its shipments, showcasing the competitive environment Apple faces.

Nabila Popal, research director at IDC, highlighted the broader shift in the smartphone market, which has recovered from the supply chain disruptions and challenges of recent years.

“While Apple has demonstrated resilience and growth in recent years, maintaining its pace and share in the market may prove challenging as Android manufacturers make strides,” Popal commented.

Apple has a strong brand and loyal customer base, yet its market position may be tested further by the aggressive pricing and innovative products offered by Chinese rivals.

The company’s efforts to sustain its premium pricing strategy may also be challenged as more customers consider switching to Android alternatives.

As the tech industry looks ahead to the rest of the year, Apple’s upcoming earnings report and strategic moves to address this competitive pressure will be closely watched by investors and industry observers alike.

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