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 and Kenworth Truck Company successfully completed the ZANZEFF "Shore to Store" project, demonstrating that their fuel cell electric vehicles (FCEVs) can provide a zero-emissions alternative to diesel trucks. The T680 FCEV trucks, codenamed "Ocean," achieved a range exceeding 300 miles, significantly reducing greenhouse gas emissions by 74.66 metric tons of CO2 per truck annually. The project, supported by a $41 million grant from the California Air Resources Board, paves the way for commercial hydrogen-powered transportation in California and beyond.
Toyota has officially begun production of its all-new, all-hybrid Sequoia SUV at its San Antonio plant as of September 21, 2022. This marks a significant investment, with Toyota committing $391 million to enhance its Texas facility, which supports local job creation. The Sequoia features a twin-turbo V6 hybrid i-FORCE Max powertrain, combining power with efficiency. Toyota's overall investment in San Antonio now exceeds $3.1 billion, highlighting the company's commitment to sustainability and local economic growth.
The Toyota Dream Car Art Contest is set to open in the U.S. on October 1, 2022, encouraging youth aged 4-15 to submit creative car designs. This year, Ava Yeh, a 15-year-old from Mercer Island, Washington, won the Grand Prize in her age group for her 'Toyota Dream Orchestra Car' design, which aims to promote mental health through music and nature. The contest received 531,692 submissions globally from 78 countries. U.S. submissions will be accepted until January 31, 2023. More details can be found at www.ToyotaDreamCarUSA.com.
The 2023 GR Corolla, Toyota's first motorsport-developed model for North America, features a 1.6L three-cylinder turbo engine producing 300 hp and 295 lb-ft of torque. Available in Core, Circuit Edition, and the limited MORIZO Edition, it boasts a GR-FOUR AWD system with adjustable torque distribution. Starting at $35,900, the GR Corolla incorporates advanced engineering and performance tuning inspired by rally racing. It is equipped with an intelligent Manual Transmission and Toyota Safety Sense 3.0. Sales will commence in Fall 2022, with exclusive enhancements for the Circuit and MORIZO models.
The 2023 Toyota GR Supra introduces a new six-speed manual transmission option, enhancing driver engagement. Available on the 3.0, 3.0 Premium, and the limited A91-MT Edition, the latter is restricted to 500 units in the U.S. featuring exclusive colors and leather interiors. The GR Supra models benefit from refined handling and a standard 12-speaker JBL audio system. The pricing starts at $52,500 for the 3.0 MT. Developed in collaboration with ZF, the manual transmission aims for sports car performance with optimized gear ratios and features such as rev matching for smoother driving.
Toyota announced a $2.5 billion investment in its North Carolina battery manufacturing facility, increasing total investment to $3.8 billion. This expansion will create 350 new jobs and boost battery production for hybrid and battery electric vehicles (BEVs). The facility aims to enhance Toyota's electrification strategy, part of a global commitment of $70 billion for electrification efforts. Production is set to commence in 2025.
Toyota Motor North America (TM) unveiled 'Mobility4All Parkway' at the American Center for Mobility (ACM) in Ypsilanti, Michigan, marking its five-year anniversary as a founding ACM sponsor. The naming recognizes Toyota's $5 million initial contribution and an expanded $6 million investment in 2021 for on-campus facilities and resources. The project enhances Toyota’s commitment to inclusive mobility solutions. ACM's president credited Toyota's support for accelerating the mobility industry through unique partnerships and research.
Toyota Motor North America is teaming up with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) to develop a 1-MW proton exchange membrane (PEM) fuel cell power system in Arvada, Colorado. This $6.5 million project will take three years and aims to enhance stationary power generation. The system will integrate multiple fuel cell modules and is designed to provide efficient power solutions. Additionally, research will explore integration with renewable energy systems.
Toyota's Collaborative Safety Research Center (CSRC) has announced the addition of four new research projects aimed at enhancing automotive safety. This initiative is part of a five-year, $30 million commitment focused on understanding human driving behavior and implementing technologies to prevent impaired driving. The projects will be conducted in collaboration with several esteemed universities, including the University of Virginia and the University of Michigan Medical School. CSRC has invested $85 million in safety research since its inception, with 98 projects completed and over 260 published papers.
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