Welcome to our dedicated page for Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares) news (Ticker: TM), a resource for investors and traders seeking the latest updates and insights on Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares) stock.
Toyota Motor Corporation (NYSE: TM), headquartered in Toyota City, Aichi, Japan, is a global leader in automotive manufacturing. Founded by Kiichiro Toyoda in 1937, Toyota has grown to produce approximately 10 million vehicles annually, positioning itself as one of the world's largest automakers. The company's extensive portfolio includes well-known brands such as Toyota, Lexus, Daihatsu, and Hino trucks. In fiscal 2023, Toyota sold 10.56 million vehicles globally, capturing significant market shares in both Japan and the United States.
Toyota's product lineup spans from traditional gasoline cars to cutting-edge electrified vehicles. The company offers 27 electrified options, including Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs), and Battery Electric Vehicles (BEVs). As part of its commitment to innovation, Toyota is also involved in manufacturing homes, boats, and has a financing division to support its sales.
Recent Achievements:
- Toyota Motor North America (TMNA) reported a 21.8% increase in March 2024 U.S. sales, with electrified vehicles making up 36.4% of the total sales volume.
- TMNA's sales for the first quarter of 2024 were up by 20.3%, demonstrating strong market performance.
- Toyota's new investments in its U.S. operations include a $1.4 billion expansion to produce a new three-row battery electric SUV and a $1.3 billion investment in Toyota Kentucky for another BEV model.
Toyota has made strategic investments in various companies, including a 3.3% stake in Denso, 20% in Subaru, and shares in Uber Technologies, Joby Aviation, and others, reflecting its forward-thinking approach to mobility.
Current Projects:
- Toyota's Collaborative Safety Research Center (CSRC) is leading 15 new projects focusing on driver behavior, crash avoidance, and injury mitigation.
- The introduction of the all-new 2024 Tacoma with a hybrid powertrain, the 2024 Land Cruiser, and the 2025 Camry, all featuring hybrid technology.
- The establishment of Toyota’s North American Hydrogen Headquarters in Gardena, California, to advance fuel cell technology and hydrogen infrastructure.
- A partnership with the U.S. Department of Energy’s Argonne National Laboratory to develop a direct recycling process for lithium-ion batteries.
Partnerships and Community Engagement:
Toyota's commitment to community and environmental sustainability is evident through its 'Empact' vision, focusing on equitable EV charging and mobility for all. The company is installing high-power 350kW DC fast chargers in underserved communities in California.
For more information, visit www.ToyotaNewsroom.com.
Toyota Motor North America has released its 2024 North American Environmental Sustainability Report, highlighting significant progress across four priority areas. The report shows that 77% of Toyota and Lexus models now have electrified options, with a 14% reduction in operations-related greenhouse gas emissions versus FY2019. Notable achievements include a 6.8% decrease in water usage per vehicle, 93% waste recycling rate, and development of 4,094.5 additional acres of pollinator habitat.
The report outlines Toyota's environmental strategy aligned with UN SDGs and Challenge 2050, focusing on Carbon, Water, Circular Economy, and Biodiversity initiatives. The company operates 14 manufacturing plants in North America, employing nearly 64,000 people, and plans to begin automotive battery production in North Carolina by 2025.
Toyota showcases its diverse vehicle lineup at SEMA 2024 in Las Vegas, featuring unique specialty builds and enhanced models with Toyota Associated Accessory Products (AAP). The exhibit includes several concept vehicles like the 4Runner TRD Surf Concept, CALTY Land Cruiser ROX, GR86 Rally Legacy Concept, and Ultimate Tailgate Tundra. A highlight is the new TRD Forged Billet Upper Control Arm Kit for Toyota 4Runner and FJ Cruiser models. The display demonstrates Toyota's commitment to performance and adventure across different lifestyle segments, from off-roading and overlanding to camping and track experiences.
Toyota announces updates to the 2025 Grand Highlander lineup, introducing a new Hybrid Nightshade Edition and LE grade. The Hybrid Nightshade Edition features black exterior accents, 20-inch black alloy wheels, and premium JBL audio. The value-focused LE grade starts at $40,860 for gas models and $44,210 for hybrid versions. The SUV offers three powertrain options: a 2.4L turbo gas engine, 2.5L hybrid, and 362-hp Hybrid MAX system. Notable features include adult-sized third-row seating, 97.5 cu.ft. of storage space, and advanced tech features like Traffic Jam Assist. Models will begin arriving at dealerships in late December 2024.
Joby Aviation (NYSE:JOBY) completed its first international exhibition flight at Toyota's Higashi-Fuji Technical Center in Japan. The demonstration showcased the company's electric air taxi's low acoustic footprint and emissions-free capabilities. This milestone follows Toyota's recent commitment to invest an additional $500 million in Joby, bringing their total investment to $894 million. The investment includes plans for a manufacturing alliance to support initial commercialization. Joby's aircraft is designed to transport a pilot and four passengers at speeds up to 200 mph, offering an environmentally friendly alternative to traditional transportation.
Toyota has announced an $80,000 donation to support music education programs at schools in Arizona and Georgia. The benefiting institutions include Chandler High School in Arizona, and Fulton County Schools, Benjamin Banneker High School, and Tri-Cities High School in Georgia. The initiative included a student event featuring Latin Grammy nominee Danny Ocean and Grammy-nominated composer Mali Wilson. This donation complements earlier Toyota USA Foundation grants for STEM education in these regions, part of their broader Driving Possibilities initiative aimed at providing equal access to educational opportunities and career pathways.
Battery X Metals announced significant progress in developing eco-friendly lithium-ion battery material recovery technology in partnership with a Global Top 20 University. Their proprietary froth flotation process showed promising results in recovering battery-grade materials from black mass, with initial tests achieving approximately 45% graphite separation. Multi-stage flotation protocols demonstrated more efficient material separation than single-stage methods. The company plans to pursue provisional patents and aims to license this technology to battery recyclers, adopting a low-capex, scalable business model.
Toyota launches a new marketing campaign titled 'A Secret Worth Sharing' for its all-electric bZ4X SUV. The campaign aims to raise awareness that Toyota produces an electric vehicle, featuring multiple creative spots developed through Toyota's Total Toyota (T2) marketing model.
The campaign includes two spots by Intertrend directed by Tarsem, 'Monster' and 'Tears', and two 30-second spots by Saatchi & Saatchi, 'Not Made Up' and 'Gas Station'. The integrated campaign extends across various platforms including influencer programs, CTV, digital content, paid social, and search, with partnerships including TripAdvisor, Netflix, and SiriusXM.
Toyota Motor North America (TMNA) has announced that its racing division, Toyota Racing, will be renamed Toyota Gazoo Racing North America before the 2025 motorsports season. This change aligns with Toyota's global motorsports efforts under the Toyota Gazoo Racing (TGR) banner. TRD, U.S.A. will continue to provide technical and engineering support for Toyota's U.S. motorsports programs.
The transition aims to utilize motorsports to improve production vehicles by pushing machinery to its limits on the track. Toyota's NASCAR Cup Series entries will continue to use the Camry nameplate, while Xfinity Series entries will race in GR Supras. NHRA, Formula DRIFT, and GT4 teams already compete under the TGR banner.
The 2025 racing season will begin at Daytona International Speedway on January 24, 2025, with GR Supras in a GT4 race. The NASCAR season will start with the Cup Series Clash at Bowman Gray Stadium on February 2, 2025, followed by the regular season in Daytona from February 12 to 16, 2025.
Toyota Motor North America and Revel have announced an agreement to provide Toyota and Lexus battery electric vehicle (BEV) customers with complimentary access to Revel's DC fast charging network in New York City for approximately three years through October 14, 2027. Revel operates the largest network of public fast charging stations in NYC, with four high-volume stations open 24/7 offering both NACS and CCS plug types.
Toyota Ventures, Toyota's early-stage venture capital firm, first invested in Revel in 2019. The collaboration aims to support Toyota's goals of increasing widespread adoption of electric vehicles through customer convenience. Revel currently operates 64 fast charging stalls across four stations in Manhattan, Brooklyn, and Queens, with plans to expand to 300 fast charging stalls in NYC within the next year. The company is also developing sites in the Bay Area and has signed its first lease in downtown Los Angeles.
Toyota Motor has announced a $500 million investment in Joby Aviation (NYSE:JOBY), a company developing electric air taxis. This investment will be made in two equal tranches, with the first targeted to close later this year and the second in 2025. The funds will support the certification and commercial production of Joby's electric air taxi.
The investment terms include plans to establish a manufacturing alliance for the first phase of commercialization. This additional investment will bring Toyota's total investment in Joby to $894 million. Joby has been making progress towards commercialization, recently rolling out its third aircraft from its pilot production line and breaking ground on an expanded facility in California.
Toyota's involvement includes sharing knowledge of the Toyota Production System and supplying key powertrain and actuation components for Joby's aircraft production. The collaboration aims to realize the shared vision of air mobility for personal or daily travel.
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