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 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.
Toyota announced enhancements to the 2023 Tundra, introducing the SX Package, available on SR5 grades. The SX Package features a stylish profile with dark gray wheels and black accents. Engine options include the standard i-FORCE 3.5L Twin-Turbo V6, producing 389 hp and 479 lb.-ft., alongside the i-FORCE MAX hybrid variant, delivering 437 hp and 583 lb.-ft. of torque. The Tundra boasts a 12,000-pound towing capacity and standard Toyota Safety Sense 2.5 across all grades. A new 14-inch touchscreen introduces advanced audio and navigation features, enhancing driver experience.
Toyota unveils the 2023 Venza Nightshade Edition, enhancing the CUV's appeal with a striking blacked-out trim and unique styling. The vehicle, based on the XLE trim, boasts a manufacturer-estimated 39 combined MPG with a standard hybrid powertrain and Electronic On-Demand All-Wheel Drive for optimal efficiency. Featuring advanced technology like a 12.3-inch multimedia display, Toyota Safety Sense 2.5, and available Star Gaze™ Panoramic Roof, the Venza promises a luxurious driving experience. Available in three colors, the Nightshade Edition highlights Toyota's commitment to style and performance.
The 2023 Toyota Highlander has been updated with a new high-efficiency turbocharged engine, boosting torque by 17% to 309 lb-ft while maintaining a fuel efficiency of 24 MPG combined. The SUV features dual 12.3-inch screens and improved convenience features, such as power-folding mirrors and a hands-free liftgate. The Highlander offers 7- or 8-passenger seating and a cargo capacity up to 84.3 cu. ft. A hybrid model with 36 MPG is also available, which accounts for over 25% of sales. Safety features include Toyota Safety Sense 2.5+ and a TOP SAFETY PICK+ rating from IIHS.
The 2022 Toyota Tundra Capstone has been recognized as one of Wards' 10 Best Interiors and User Experience winners. Highlighted for its rugged design, the Capstone features a 14-inch multimedia touchscreen, advanced infotainment, and voice-activated commands. Built in the U.S., it offers premium materials like semi-aniline leather, a JBL audio system, and a panoramic roof. The Tundra Capstone aims to deliver a luxury experience for truck enthusiasts, integrating real-time updates and connectivity. This recognition reflects its advanced technology and user-friendly interface.
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