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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 has launched its holiday advertising campaign with the debut of "Like No One's Watching," a touching ad emphasizing acts of kindness. The spot aired during NBC's "Christmas in Rockefeller Center" and tells the story of Clara, who spreads joy by helping others. Another bilingual ad, "The Search," centers on a girl and her grandfather's adventure to find Santa. Toyota is also supporting teachers by providing essential supplies to under-resourced schools, impacting over 15,000 students. The ads will be featured on various platforms throughout December.
The 2023 Toyota Prius Prime was unveiled at the Los Angeles Auto Show, showcasing an all-new sporty design and a significant increase in zero-emission driving range by over 50% from the previous model. Equipped with advanced technology, the Prius Prime features a larger lithium-ion battery and enhanced hybrid systems, achieving up to 220 hp and a 0-60 mph time of 6.6 seconds. The model emphasizes Toyota's commitment to carbon neutrality with its new "Beyond Zero" badge and introduces various connectivity features, including a 12.3-inch multimedia touchscreen. Pricing and availability will be announced in early 2023.
Toyota unveiled its bZ Compact SUV Concept at the 2022 Los Angeles Auto Show, showcasing its commitment to a zero-emission future. The concept emphasizes a clean-vital design using eco-friendly materials and advanced technology, including an in-car personal agent named Yui. With plans for around 30 dedicated battery electric vehicles by 2050, Toyota aims to achieve carbon neutrality through a diverse portfolio of electrified products. The bZ Concept stands out with its aerodynamic design and dynamic performance, signaling a shift towards sustainable mobility.
On November 2, 2022, Toyota and espnW honored the seventh class of Toyota Everyday Heroes at the Women + Sports Summit in Ojai, California. This program celebrates women making significant contributions to their communities through sports by providing $15,000 grants. This year's Heroes, Liz Ferro and Nzingha Prescod, lead initiatives supporting underprivileged girls. Ferro founded Girls With Sole to offer wellness programs, while Prescod created the PISTE Academy to teach fencing and promote educational opportunities. Toyota has been a sponsor of this summit for a decade.
The all-new 2023 Toyota Sequoia has been awarded the title of "Sport Utility Vehicle of Texas" by the Texas Auto Writers Association at the annual Texas Truck Rodeo. This new model, produced at Toyota Motor Manufacturing, Texas, also excelled in three additional categories: Full-Size SUV, Off-Road SUV, and Best Exterior. With a hybrid powertrain delivering 437 hp and a towing capacity of up to 9,520 lbs., the Sequoia offers spaciousness, advanced technology, and improved user experience with its new multimedia system.
Toyota made a grand return to the SEMA Show in Las Vegas, showcasing its largest display ever, emphasizing its commitment to the aftermarket industry and outdoor adventures. The company unveiled the Trailhunter, a new grade for trucks with factory-installed overland features, and the Associated Accessory Program (AAP), simplifying vehicle customization and financing. With 13 special builds, including the GR Corolla Rally Concept and 10-Second Twins, Toyota aims to inspire adventure and performance among enthusiasts during the event from November 1-4, 2022.
Toyota and the National Center for Families Learning (NCFL) have awarded $25,000 to educators demonstrating exceptional family engagement in learning. Ivonne Ortiz from Mesa, Arizona, was named 2022 Toyota Family Teacher of the Year, receiving $20,000 for her school, while Dae Selcer from Columbia Heights, Minnesota, received $5,000 as a runner-up. The initiative highlights the importance of family literacy programs and aims to support educational growth across communities.
The all-new 2023 Toyota Crown is set to redefine sedans with bold styling, premium comfort, and advanced hybrid technology. Available in three grades (XLE, Limited, Platinum), each offers standard AWD and hybrid powertrains, including the powerful Hybrid MAX with 340 HP. Notable features include a spacious interior, a 12.3-inch touchscreen audio system, and unique bi-tone paint options. Priced between $39,950 and $52,350, the Crown combines style, performance, and efficiency, with impressive EPA ratings up to 41 MPG. It will arrive at dealerships in early 2023.
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