Welcome to our dedicated page for Toyota Motor news (Ticker: TM), a resource for investors and traders seeking the latest updates and insights on Toyota Motor stock.
Toyota Motor Corporation (NYSE: TM) maintains its position as a global automotive leader through continuous innovation and strategic market leadership. This dedicated news hub provides investors and industry observers with essential updates on corporate developments, financial milestones, and technological advancements.
Access real-time updates on TM's earnings reports, product launches, and sustainability initiatives. Our curated collection includes official press releases detailing manufacturing expansions, partnership agreements, and safety innovations across Toyota's global operations.
Key coverage areas include quarterly financial disclosures, leadership updates, production facility developments, and advancements in hybrid/electric vehicle technology. Bookmark this page for streamlined access to TM's latest strategic moves within the competitive automotive sector.
Toyota Motor North America (TM) announced the addition of Gabby Thomas and Ezra Frech to its Team Toyota roster of Olympic and Paralympic athletes. Gabby Thomas, a two-time Olympic medalist, is noted for her remarkable achievements in track and field, including a record-breaking 200m trial time. Ezra Frech, a disability advocate and Paralympic competitor, aims to improve access to sports for individuals with disabilities. The initiative strengthens Toyota's commitment to mobility and inclusiveness as they prepare for the Paris 2024 Olympics.
On March 24, 2023, the Toyota Production System Support Center (TSSC) celebrated its 30th anniversary, highlighting its impact on over 500 partners across various sectors. TSSC utilizes the Toyota Production System (TPS) to enhance productivity and operational efficiency, benefiting organizations like food banks, healthcare facilities, and local businesses. Their collaborative projects, including work with the St. Bernard Project and Harbor-UCLA Medical Center, resulted in significant improvements, such as reducing home rebuilding time by 48% and eliminating surgical waitlists. This initiative underscores Toyota's commitment to community support and innovative problem-solving.
On March 6, 2023, Toyota announced the winners of its inaugural "Need a Nudge" contest, awarding $10,000 grants to several grassroots organizations across the U.S. The initiative, launched in fall 2022, aims to uplift non-profits making significant community impacts. Over 200 entries were submitted, with the public voting to determine finalists. Lisa Materazzo, Group VP of Marketing, emphasized Toyota's commitment to supporting these organizations. The recipients include UA3, Inc. from New York and others from cities like Detroit, Minneapolis, and Los Angeles. This program highlights Toyota's dedication to community engagement.
On February 28, 2023, Toyota awarded $25,000 scholarships to three Hispanic students through its Nunca Pares (Never Settle) campaign, in partnership with the Society of Hispanic Professional Engineers (SHPE). The recipients, Giana Aguilar-Valencia, Ruben Bonett, and Maximiliano Pombo Hernández, are pursuing studies in STEM fields. This initiative aims to enhance educational opportunities for Hispanic students, acknowledging their perseverance and commitment to innovation. Toyota emphasizes its dedication to supporting the development of future leaders in science and technology, recognizing the importance of diversity in driving innovation.
Toyota Motor North America (TM) has launched the Way Forward Fund, a multi-year initiative aimed at enhancing access to care and recovery support for children with traumatic brain injuries (TBI). With an initial grant of $8.5 million, the fund focuses on communities with significant needs, directing resources towards treatment, research, and technology. Children represent 32% of TBI-related emergency visits, yet funding is primarily directed at adults. The initiative will be guided by an expert advisory board and aims for a long-term impact in pediatric TBI care.
Toyota has launched the EV Incentive Finder, a free tool on Toyota.com to assist customers in locating eligible incentives for purchasing Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). Developed in partnership with EV Life, this tool utilizes proprietary data to provide personalized quotes for over 470 tax credits and rebates based on user-specific details. The aim is to simplify the process of navigating complex governmental incentives, ultimately encouraging more consumers to consider electric vehicles. The service is now accessible via various devices for enhanced convenience.
Toyota has been awarded the most patents among automakers for the ninth consecutive year, with a total of 3,056 patents in 2022. This achievement marks Toyota’s highest ranking ever, moving to #4 overall in the Intellectual Property Owners Association's annual listing. Notably, over half of the patents focus on future mobility, including 26% related to electrification and 14% concerning automation and safety.
With an investment of over $1 million per hour in R&D, Toyota aims to maintain its leadership in innovative vehicle technology.
Toyota has partnered with Nintendo to enhance the customer experience for the new 2024 Grand Highlander, set to launch in Summer 2023. In a marketing initiative, 500 Grand Highlander owners will receive a Nintendo Switch – OLED Model along with a Mario Kart 8 Deluxe game. This collaboration aims to make family road trips more enjoyable. The Grand Highlander features three powertrain options and ample storage, emphasizing its suitability for family travel. Details on pricing are expected later this summer, with the vehicle being showcased at the Chicago Auto Show from February 9-19, 2023.
The 2024 Toyota Grand Highlander made its debut at the Chicago Auto Show, featuring a midsize SUV design focused on interior comfort across three rows. Available powertrain options include a 2.4L turbo gas engine, a 2.5L hybrid with an estimated 34 combined MPG, and the powerful 362-horsepower Hybrid MAX. The Grand Highlander emphasizes Toyota's commitment to carbon neutrality and offers advanced technology such as a 12.3-inch multimedia display, available Traffic Jam Assist, and Over-the-Air updates. Designed for family versatility, it includes ample cargo space and numerous USB ports. Pricing and sales information is expected later this summer.
