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.
Nissin Foods and Toyota have entered a partnership to enhance well-being through healthy eating in Woven City. The collaboration aims to deliver personalized ‘Complete Nutrition Meals’ leveraging Nissin's expertise in molecular nutritional science. This initiative includes:
- Demonstrating expanded food choices for residents
- Optimizing meals based on individual needs using data
The project aligns with both companies' goals of promoting well-being and transforming mobility definitions. Nissin aims to redefine food culture, moving beyond instant foods.
Toyota plans to invest $383 million across four U.S. manufacturing plants in a move to enhance its vehicle electrification strategy. This investment will bolster the production of four-cylinder engines for combustion and hybrid vehicles at facilities in Alabama, Kentucky, Missouri, and Tennessee. The Alabama plant will receive the largest share, $222 million, to create a new production line. This initiative is part of Toyota's broader commitment to invest $5.1 billion in U.S. operations to advance electrification.
Toyota has officially launched its all-electric bZ4X SUV, set to arrive at U.S. dealers this Spring 2022 with a starting MSRP of $42,000. The bZ4X boasts an EPA-estimated range of up to 252 miles per charge for the XLE FWD model. With a commitment to carbon neutrality, this new model offers advanced features like a spacious interior, impressive AWD capabilities, and a modern design. Toyota aims to expand its electrified lineup to around 70 models globally by 2025, investing over $70 billion in electrified vehicles by 2030.
Toyota Motor North America announced the addition of 220 new jobs in the Production Engineering Division to support its electric vehicle production plans. This move aims to enhance engineering capabilities and capacity for innovative design and manufacturing processes. The company has invested $5.1 billion in U.S. operations, including a new $1.29 billion battery manufacturing plant in North Carolina, set to begin lithium-ion battery production in 2025. Toyota remains a leader in electrified vehicles, with plans to expand its portfolio to 70 vehicles by 2025.
Toyota Motor North America (TM) reported March 2022 U.S. sales of 194,178 vehicles, down 23.5% year-over-year, and first-quarter sales of 514,592 vehicles, down 14.7%. Electrified vehicle sales for Q1 reached 132,938, comprising 25.8% of total sales—up from 22.9% last year. The Toyota division sold 170,664 vehicles in March, while the Lexus division had 23,514. Notably, the company's GR86 and RAV4 Hybrid saw remarkable sales increases of over 200% and 34.9%, respectively. Toyota remains the top seller of electrified vehicles for the 89th consecutive quarter.
The all-new 2023 GR Corolla, introduced by Toyota, features a 1.6L turbo engine generating 300 hp and 273 lb-ft of torque. This performance-oriented hot hatch is designed for enthusiasts, featuring a customizable GR-Four AWD system and a manual transmission. The model will be available in Core and exclusive Circuit Edition trims. Built at the GR Factory in Japan, it incorporates rally-inspired engineering and advanced safety technology. Pricing will be announced later this year, with a one-year complimentary membership to the National Auto Sport Association.
Toyota is set to unveil a new sports car from TOYOTA GAZOO Racing on March 31, 2022, at 9:30 PM EDT. The reveal will be live-streamed, inviting enthusiasts to witness this exciting debut. Toyota has been a prominent player in the automotive industry for over 60 years and is committed to sustainable mobility, with plans for a battery manufacturing plant in North Carolina by 2025. The company emphasizes its ongoing innovation through motorsports to develop advanced automotive technologies.
Aurora Innovation (NASDAQ: AUR) has launched a test fleet of autonomous Toyota Sienna vehicles, integrating its Aurora Driver technology with Toyota’s Vehicle Control Interface. This milestone highlights Aurora’s competitive advantage by demonstrating its Common Core of Technology across various vehicle types. The fleet is currently testing in Texas, focusing on complex driving conditions. Aurora aims to enhance its upcoming autonomous ride-hailing service, Aurora Connect, by leveraging the Sienna's capabilities for popular routes like airport transportation.
ENEOS Corporation and Toyota Motor Corporation have entered a joint agreement to develop CO2-free hydrogen production and usage at Woven City, Toyota's prototype city in Japan. The partnership aims to construct a hydrogen refueling station and supply CO2-free hydrogen for Fuel Cell Electric Vehicles (FCEVs). Operations are set to begin between 2024 and 2025. This initiative is part of a broader commitment towards a carbon-neutral society, enhancing both companies' efforts in sustainable energy.
Toyota Gazoo Racing has launched a new installment in its "Pitch" campaign titled "The Focus Group," showcasing exciting drift racing in an abandoned mall. The campaign features professional drivers maneuvering the all-new 2022 GR86 and other race-modified vehicles, challenging traditional car advertising conventions. Shot in the Chicago suburbs, the four-minute video emphasizes the car's precision handling while igniting enthusiasm among focus group members. The digital campaign targets auto enthusiasts and runs through April and May, highlighting Toyota's commitment to innovative marketing.
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