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 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.
ChargePoint (NYSE: CHPT) has partnered with Toyota Motor North America to enhance charging solutions for drivers of the new bZ4X electric SUV. This collaboration aims to provide seamless home and public charging access through ChargePoint's extensive network, covering over 80% of charging spots in North America. bZ4X users can utilize ChargePoint’s Home Flex Level 2 charger for faster residential charging and benefit from dynamic pricing to save on energy costs. The agreement signifies ChargePoint's commitment to expanding EV charging infrastructure and improving driver experiences.
Toyota Motor North America is partnering with ChargePoint to enhance the ownership experience of the upcoming 2023 bZ4X electric SUV. This collaboration will provide seamless home and public charging options, ensuring over 80% of North America's charging spots are accessible to bZ4X drivers. Customers can purchase the ChargePoint Home Flex Level 2 charger for fast home charging and utilize a comprehensive public charging network. This initiative aims to support Toyota's transition toward more electric vehicles and promote carbon neutrality.
Toyota Motor North America (TM) announced a $27 million investment in its Long Beach facility, TABC, aimed at enhancing production capabilities for Tacoma manufacturing. This investment introduces the first coil-fed laser blanking line for TMNA, expanding capacity to cut 5.6 million blanks annually, and transitioning 25 variable employees to permanent roles. With this latest investment, total funding in TABC reaches $485 million. This development reaffirms Toyota's commitment to North American operations and aims to support production at other facilities in Baja and Guanajuato.
Toyota announces the debut of the first-ever Toyota Sit-Ski, designed for U.S. Paralympics Alpine Skiing, developed by Toyota Racing Development USA. The monoski will be used by Paralympic medalists Laurie Stephens and Andrew Kurka at the Beijing 2022 Paralympic Winter Games. This initiative reflects Toyota's commitment to mobility and inclusivity. The company has invested in technology and engineering to create the Sit-Ski, which offers enhanced performance for athletes. In addition, Toyota has provided substantial support to U.S. Paralympic athletes through the Toyota U.S. Paralympic Fund.
Toyota has launched 'Driving Possibilities,' committing $110 million to enhance education and community engagement across the U.S. This initiative, part of the Toyota USA Foundation, targets PreK-12 education and aims to improve access to career opportunities. It builds on the success of a new STEM school in West Dallas, focusing on innovative educational programs and key community needs, such as food insecurity and job training. The effort includes partnerships with local organizations and a phased rollout nationwide to prepare the workforce of the future.
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