Connect with us

Technology

Toyota Goes Trendy With New Camry

Published

on

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.

Continue Reading
Comments

Technology

Multichoice Nigeria Rolls Out Tariff Increase Despite Tribunal’s Interim Order

Published

on

Multichoice- Investors King

Multichoice Nigeria, a prominent Pay TV provider, has proceeded with the implementation of tariff adjustments for its DStv and GOtv subscribers, despite an interim order issued by a competition and consumer protection tribunal (CCPT) in Abuja.

On April 24, Multichoice announced plans to increase prices for its cable services, scheduled to take effect from May 1.

However, the CCPT ruled that the company should refrain from raising rates as initially scheduled, following an ex-parte motion presented by the applicant’s counsel.

Despite the tribunal’s interim order, checks conducted by Nairametrics revealed that Multichoice Nigeria has forged ahead with the tariff increase, with the new prices being displayed and enforced on its official website.

For DStv Premium subscribers, the price has surged from N29,500 to N37,000, while Compact Plus subscribers now face an increase from N19,800 to N25,000.

Similarly, Compact, Confam, and Yanga subscribers witness price hikes, ranging from 20% to 25% compared to previous rates.

GOtv subscribers also experience a similar fate, with tariff adjustments reflecting significant increases across various subscription packages.

Despite legal injunctions, Multichoice Nigeria’s decision to proceed with the price hike signals a bold move in a highly contested legal battle.

The Acting Chairman of the Federal Competition & Consumer Protection Commission (FCCPC), Adamu Abdullahi, disclosed that Multichoice had provided a detailed explanation for the price adjustments in a four-page letter to the commission.

The company cited factors such as foreign exchange fluctuations, high electricity tariffs, and operational costs as drivers behind the rate revisions.

Abdullahi explained that the FCCPC would scrutinize Multichoice’s justifications for the price hike, collaborating with regulatory bodies like the National Broadcasting Commission (NBC) and the Nigerian Communications Commission (NCC) to ensure compliance with market regulations.

The decision to proceed with the tariff increase has sparked concerns among consumer rights advocates, who question Multichoice’s adherence to legal directives.

Despite the company’s rationale for the price adjustment, critics argue that subscribers should not bear the brunt of economic challenges beyond their control.

Continue Reading

Fintech

Nigeria’s OPay Valuation Hits $2.7 Billion Amid Digital Payments Surge

Published

on

Opay

Nigeria’s OPay, the fintech startup that has been making waves in the country’s digital payments landscape, has seen its valuation soar to $2.7 billion.

This represents over 30% since its Series C funding round in 2021.

This surge in valuation shows the exponential growth of Nigeria’s digital payments sector and the increasing prominence of financial technology companies within the nation’s economy.

The valuation update comes from recent corporate filings made by Opera, an early investor in OPay. Opera’s stake in OPay gradually declined over the years to 6.4% by 2021.

However, a strategic move in early 2023 saw Opera increase its stake to 9.4% after selling its Asian fintech subsidiary, Nanobank, to OPay in exchange for equity in the company.

According to filings with the US Securities and Exchange Commission (SEC), Opera valued its 9.4% stake in OPay at $253 million, reflecting the $2.7 billion valuation of the fintech startup.

OPay’s meteoric rise can be attributed to several factors, including Nigeria’s increasing adoption of digital payments and the company’s innovative services.

The surge in digital payments volumes, driven in part by an ill-timed currency redesign that led to cash scarcity, has propelled OPay’s growth.

As more Nigerians turned to fintech apps like OPay for transactions, the company experienced a quadrupling of its user base in 2023, accompanied by a revenue growth of over 60% on a constant currency basis, according to Opera.

Despite its rapid growth, OPay, like other fintech companies, faces challenges related to fraud and customer safety concerns.

Regulatory bodies, including the Central Bank of Nigeria, have tightened rules on account safety, highlighting the need for OPay and similar companies to address these issues while continuing to innovate and expand their services.

As Nigeria’s digital payments ecosystem continues to evolve, OPay’s rising valuation underscores its position as a key player in driving financial inclusion and transforming the country’s economy through innovative technology solutions.

Continue Reading

Technology

ALTON and ATCON Call for Tariff Review and Regulatory Independence

Published

on

telecommunication-tower

The Association of Licensed Telecoms Operators of Nigeria (ALTON) and The Association of Telecommunications Companies of Nigeria (ATCON), representing Mobile Network Operators (MNOs) and telecommunication firms in Nigeria, have jointly raised concerns over the current state of the telecom industry.

In a unified call to action, they have urged the federal government to address critical issues such as tariff review and regulatory independence to ensure the sector’s sustainability and growth.

Despite facing significant economic challenges, Nigeria’s telecommunications industry has not adjusted its general service pricing framework upwards in over a decade.

ALTON and ATCON attribute this stagnation to regulatory constraints that have hindered the industry’s ability to align pricing with economic realities.

They argue that the current price control mechanism, which does not reflect market conditions, poses a threat to the sector’s viability and investor confidence.

In a statement released over the weekend and jointly signed by ALTON Chairman Gbenga Adebayo and ATCON President Tony Izuagbe Emoekpere, the associations highlighted a range of challenges plaguing the telecom sector.

These include unsustainable tariff structures, lack of regulatory independence, infrastructure deficits, a harsh business environment, multiple taxation and regulations, prohibitive Right of Way (RoW) charges, inadequate power supply, and vandalism of telecommunications infrastructure.

The industry leaders stressed the urgent need for collaborative efforts between the public and private sectors to overcome these obstacles.

They called for constructive dialogue with industry stakeholders to address pricing challenges and establish a framework that balances consumers’ affordability with operators’ financial viability.

Furthermore, ALTON and ATCON emphasized the importance of regulatory independence in fostering a conducive environment for the telecom sector.

They advocated for the sustenance of a culture of independence within the regulatory landscape to safeguard against undue influence and ensure the impartiality of regulatory decisions. Regulatory neutrality and independence, they argued, are crucial for maintaining public confidence and encouraging investment in the sector.

ALTON and ATCON reaffirmed their commitment to working collaboratively with the government to address the challenges facing Nigeria’s telecommunications industry.

They urged the government to prioritize infrastructure development, enhance security measures, and facilitate pricing adjustments to unlock the sector’s full potential.

The call by ALTON and ATCON underscores the pressing need for regulatory reforms and policy interventions to drive sustainable growth and development in Nigeria’s telecom sector.

As stakeholders await government action, the industry remains hopeful that concerted efforts will pave the way for a more resilient and competitive telecommunications landscape.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending