1986 Toyota Mr2 Gt Coupe 2-door 1.6l on 2040-cars
Cleveland, Ohio, United States
Vehicle Title:Clear
Engine:1.6L 1587CC l4 GAS DOHC Naturally Aspirated
Fuel Type:GAS
Used
Year: 1986
Number of Cylinders: 4
Make: Toyota
Model: MR2
Trim: GT Coupe 2-Door
Options: Sunroof, Cassette Player
Drive Type: RWD
Mileage: 154,600
Car was bought as a restoration project 2 years ago, I am in grad school now and no longer have the time to invest in the car. It runs great, all electrical parts were brought to functioning status. Does not have AC. The body is in good condition with no serious rust. Engine runs strong and transmission functions well. I have invested a lot of time and money in the car to make it as reliable as possible. The car needs a cold start injector which I will install this week. The car has developed an oil leak from the intake cam seal. I have replaced the seal but it is still leaking. The car drives great. New parts on the car: Water pump, timing belt, front crank seal, alternator, distributor cap wires and O-ring. New oil sending unit gasket, new valve cover gaskets, thermostat and coolant sensor, fuel pressure regulator and throttle body gasket, cold start injector and oil pan gasket. Magnet was added to oil pan. The car also has new ball joints, tie rods in the front, e-break cables, shifter bushings, shifter boot, pedal covers. The car comes with 2 front fenders, big green factory manual + wiring diagram book. Clear Title in Hand.
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Toyota plans biggest stock buyback in over a decade
Tue, 01 Apr 2014At the end of December, 2013 Toyota had a cash stockpile of 1.8 trillion yen ($17.5B US). As of March 31, at the end of its current financial year, company coffers are expected to swallow another 1.9 trillion yen ($18.4B US) in net profit - said to be a record sum for the Japanese automaker. In a gesture signaling a turnaround from the horrors of the global recession, Bloomberg reports that Toyota will buy back 60 million shares of its stock, as much as 1.89 percent of the company, for something like 360 billion yen ($3.5B US). It's the first buyback since 2009 and the largest buyback since 2003, when it spent roughly 390 billion yen ($3.8B US) repurchasing shares.
Company president Akio Toyoda founded the Toyota Mobility Foundation (TMF), a non-profit that will support international groups working on transportation issues in emerging markets. Half of the stock that Toyota buys, 30 million shares, will be sold to the foundation via the Japanese Trustee Services Bank for one yen per share, the dividend providing the foundation's initial funding. The other 30 million shares will be canceled, a company spokesman telling Reuters that the company wants to reward shareholders.
Industry analysts have been asking Toyota to either return money to shareholders or invest in new factories, but Toyota has ruled out the latter. After getting burned with excess capacity when the financial crisis came, the company is focused on extracting efficiencies from the plants it already has. Toyota has said it plans to complete the buyback by June of this year.
Ford, Toyota clean up in Best Car For The Money Awards
Fri, 22 Feb 2013The U.S. News Best Cars for the Money Awards picks winners by looking at the average transaction price, five-year total cost of ownership, the regard a car has from the automotive press, reliability figures from J.D. Power and Associates and safety data from the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety. The result, according to the magazine, is "the best combination of critical acclaim and long-term value."
Ford nabbed six of the 21 categories that received awards this year, the Focus, Fusion, Fusion Hybrid, Taurus, Escape and Edge getting trophies. Toyota and its Lexus and Scion sub-brands took another five, the Tacoma and Tundra owning the two categories given to pickup trucks. The other ten awards were split between Honda with three, Buick with two, and one each for Subaru, BMW, Hyundai, Chevrolet and Mazda.
Follow the link to see all the winners and read about why they were chosen.
Toyota FT-86 Open Concept leaves us feeling flushed
Wed, 20 Nov 2013When last we checked in on our topless would-be hero, the Toyota FT-86 convertible had been reportedly placed on "indefinite hold." That was back in early October, not long after Toyota had trotted out the rear-wheel-drive canvasback to Scion dealers as a possible future product carrot if they decided not to turn in their franchises. And yet, we're here at the Tokyo Motor Show, where Toyota has taken the time to at least repaint the FT-86 Open Concept in "Flash Red," if not build a whole other car (the original Geneva showcar was white). It's enough to make our heads spin like a teenager on the verge of a breakup. Will they? Won't they?
At this point, we still don't know any more than you do - the last word we heard out of Toyota was not encouraging, although the story was that the program could still be fast-tracked if management had a change of heart. As the car has never been seen before in Japan, perhaps Toyota is merely extending its domestic audience a courtesy view before it lines this showcar in mothballs, or maybe they're still trying to make a decision on its fate and gauging public reaction on the homefront.
Interestingly, in a new story published today, Automotive News quotes Subaru brand boss Yasuyuki Yoshinaga downplaying the likelihood of a production model, saying flatly "We make the car, so if we don't make it, it can't happen." The executive went on to note, "Our engineering department told me that losing the entire roof requires a complete redesign of the structure. It would need a big change." Given that such a car would probably trade in rather small volumes, that sounds like a significant hurtle.
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