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.
The Toyota Arizona Proving Grounds (TAPG) has launched the Arizona Mobility Test Center (AMTC), expanding its availability for industry vehicle testing. Operated by Intertek Transportation Technologies under a multi-year agreement, AMTC will support various automotive companies while Toyota maintains its testing operations. This initiative aims to generate additional revenue for continuous facility improvements. Located in Wittman, Arizona, AMTC encompasses 11,650 acres and offers extensive testing surfaces. Toyota also commits to community support through donations for STEM education and food security programs.
Toyota is committed to sustainable development and aims for carbon neutrality by 2050 as outlined in its 2021 North American Environmental Report. Key initiatives include expanding vehicle electrification with the launch of the Toyota bZ4X SUV, entering a power purchase agreement for renewable energy, and significant water conservation efforts. The report highlights a recycling rate of 93.2% and financial contributions to environmental projects, such as a $150,000 donation to the World Wildlife Fund. These actions are part of Toyota's long-term environmental strategy and commitment to reducing its carbon footprint.
Toyota North America announced key executive changes effective January 2022, aimed at supporting its mobility strategy. Promotions include Srini Matam as group vice president of Powertrain, David Rosier as president of Toyota Motor Manufacturing, West Virginia, and Scott Cooke as chief financial officer of Toyota Financial Services. John Tinney will retire after 17 years. The company continues to lead in electrified vehicles and has made a $1.29 billion investment in a new battery manufacturing plant in North Carolina, reinforcing its commitment to sustainable mobility.
On December 6, 2021, Governor Roy Cooper and Mayor Filmore York announced that Toyota Motor North America will establish a $1.29 billion automotive battery manufacturing plant at the Greensboro-Randolph Megasite in North Carolina. The facility, named Toyota Battery Manufacturing, North Carolina (TBMNC), is set to begin operations in 2025 with four production lines, eventually expanding to six, capable of producing batteries for up to 1.2 million vehicles annually. This project is expected to create 1,750 jobs and is part of Toyota's broader goal of achieving carbon neutrality by 2050.
The production of the all-new 2022 Toyota Tundra has officially commenced at Toyota Motor Manufacturing Texas. This marks a significant milestone as the first major model change since 2006, with a focus on advanced capabilities and hybrid technology. An investment of $391 million supports the production, bringing total investments to over $3.1 billion. The Tundra's production capacity is set at 208,000 vehicles annually. Additionally, Toyota has committed $650,000 in community donations to enhance local access to transportation and education.
Toyota celebrates the holiday season with its new ad campaign featuring two commercials: "Bookstore" and "Nora's Joy." The first, airing during NBC's "Christmas in Rockefeller Center," tells a touching story of community support for a local bookstore after a fire. The second ad, set to premiere on December 11, highlights a woman's joy in sharing and spreading happiness while driving her Toyota Tacoma. Toyota is also partnering with the National Center for Families Learning to distribute over 85,000 books and is encouraging social media sharing to support the Hispanic Scholarship Fund.
Toyota unveiled its all-electric bZ4X in the U.S., marking the launch of its global bZ series of battery-electric vehicles. The bZ4X features an estimated range of up to 250 miles for front-wheel drive models. Toyota aims to expand its electrified lineup to around 70 models by 2025, focusing on carbon neutrality by 2050. The bZ4X boasts innovative design, advanced safety features, and tech integration, including over-the-air updates and a comprehensive safety package. The vehicle will be available for sale in mid-2022.
Toyota West Virginia (TMMWV) announced a $240 million investment to establish a dedicated production line for hybrid transaxles, enhancing its operational capabilities in response to growing demand for electric vehicles in North America. This initiative aims to modernize the facility and enable workforce skill diversification. The investment follows a previous $210 million expansion in February, highlighting TMMWV's ongoing commitment to innovation and competitiveness. Toyota's overarching goal is to achieve carbon neutrality across its lineup by 2025.
Toyota's all-new 2022 Tundra has been awarded the title "Truck of Texas" by the Texas Auto Writers Association at the Texas Truck Rodeo. Built on a new chassis with a maximum tow rating of 12,000 pounds, it features two powertrains: the i-FORCE 3.5L twin-turbo V6 and the hybrid i-FORCE MAX, which delivers 437 hp and 583 lb.-ft. of torque. The Tundra, recognized for its off-road capabilities and innovative towing technology, will be available in December 2021. TAWA members praised its impressive performance during evaluations of numerous new trucks.
Toyota has announced a significant $461 million investment in its Georgetown, Kentucky plant (TMMK) aimed at enhancing operations and meeting changing customer demands. This investment focuses on facility upgrades, expanding powertrain capabilities with a new 2.4-liter turbo engine line, and implementing a direct hire program for 1,400 workers. The changes will support vehicle production flexibility and future electrification efforts. With a total planned investment exceeding $8.5 billion by 2025, TMMK is positioned to strengthen its North American footprint amidst increasing competition.
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