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.
Stratasys has partnered with Toyota Racing Development (TRD) to utilize additive manufacturing in creating production parts for the upcoming Toyota GR86 in the GR Cup Series. This partnership demonstrates a shift from prototyping to end-use parts in racing applications.
The integration involves advanced 3D printers such as the Fortus 450mc and F370, facilitating innovative manufacturing practices. This collaboration marks a significant evolution in high-performance automotive applications, enhancing TRD's production capabilities.
The new Toyota GR Corolla MORIZO Edition enhances performance with exclusive features aimed at driving enthusiasts. Limited to 200 numbered units, the MORIZO Edition boasts 300 horsepower and 295 lb.-ft. of torque, with weight reduction achieved through a two-seater design and removal of non-essential components. Enhancements include a close gear ratio manual transmission, Michelin Pilot Sport tires, and a rigid chassis for improved handling. The model, designed under the guidance of Akio Toyoda, reflects Toyota's commitment to motorsport engineering and will be available in 2023 with pricing yet to be announced.
Toyota unveiled the all-new 2023 Corolla Cross Hybrid, featuring a Fifth Generation Toyota Hybrid System that boosts performance and efficiency. This SUV, available in LE and XLE grades as well as new Sport grades S, SE, and XSE, offers 194 horsepower and an estimated 37 combined MPG. Assembled in Huntsville, Alabama, production capacity is set at 150,000 vehicles annually. Standard features include the latest Toyota Multimedia System with wireless Apple CarPlay and Android Auto, while all models come equipped with Toyota Safety Sense 3.0 for enhanced safety.
Toyota enhances the 2023 Corolla lineup with four new Hybrid grades and an upgraded AWD system featuring a rear-mounted electric motor. The hybrid models come with a reengineered drive motor and lithium-ion battery, boosting efficiency. The gas models now utilize a more powerful 169-hp engine, providing improved performance and fuel economy (31 city/40 hwy MPG). The 2023 Corolla also includes the upgraded Toyota Safety Sense 3.0, an 8-inch Toyota Audio Multimedia system, and refreshed styling, reflecting Toyota's commitment to continuous improvement and customer satisfaction.
Toyota Motor North America has unveiled a new vehicle platform called the Sienna Autono-MaaS (S-AM), based on modified 2022 Sienna minivans. This platform integrates a vehicle control interface compatible with third-party autonomous driving kits and sensors for Mobility-as-a-Service (MaaS) applications. Deliveries began in fall 2021 to clients like Aurora Innovation and May Mobility, with ongoing demonstrations of autonomous mobility services. Toyota aims to enhance mobility solutions for users while maintaining FMVSS compliance.
Toyota has unveiled the 2023 RAV4 Hybrid Woodland Edition, designed for outdoor adventures with features like TRD-tuned suspension, bronze-colored wheels, and all-terrain tires. This special edition SUV emphasizes versatility and efficiency, equipped with premium interior styling and a hybrid engine for improved performance. To further support community initiatives, Toyota is donating $500,000 to the National Environmental Education Foundation (NEEF) to enhance accessibility to public lands. The RAV4 Woodland Edition is set to hit dealerships this fall, offering a blend of rugged capability and cutting-edge technology.
Toyota Connected North America introduced its innovative Cabin Awareness concept, utilizing millimeter-wave radar technology to detect occupants in vehicles, aimed at preventing heatstroke incidents. This patent-pending system was first tested in Toyota Sienna minivans and the May Mobility Sienna AutonoMaaS shuttle. The technology accurately senses micro-movements of occupants, regardless of their position in the vehicle, enhancing safety measures. Real-world trials are underway, with broader deployment planned for late 2022.
Toyota Motor North America has renewed its partnership with the BIG3 as the Official Vehicle Partner for the third consecutive year. This collaboration includes features like the RAV4-Point Shot Circle and interactive activations for fans to experience Toyota's vehicle lineup, such as Tundra and RAV4. Additionally, one fan will win an all-expense-paid trip for two to the BIG3 All Star Weekend in the Bahamas. The BIG3 is also expanding its season with more tryouts and introducing a blockchain-based model for team ownership.
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