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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 has unveiled the all-new 2022 GR86, featuring a powerful 2.4-liter engine with 228 hp and 184 lb-ft of torque, offering nearly 18% more horsepower and improved performance. The GR86 starts at an MSRP of $27,700 and will be available at dealerships in December. With a focus on affordability, the GR86 comes in two grades—GR86 and GR86 Premium—and boasts enhanced technology, a driver-focused design, and a lightweight body structure. The new model promises improved driving dynamics and fuel efficiency, making it a compelling sports car option.
The Toyota Dream Car USA Art Contest invites youth ages 4-15 to submit their artwork envisioning future cars from November 1, 2021, to January 31, 2022. Judged by uniqueness and artistry, participants can win cash prizes in three age categories. The Petersen Automotive Museum will also present its Petersen Prestige Award, showcasing the winning artworks. This contest, part of a broader initiative since 2004, encourages creativity and innovation in mobility among children across the U.S. Visit www.ToyotaDreamCarUSA.com for more information.
Toyota Motor North America is accelerating its commitment to carbon neutrality by aiming to power its manufacturing plants with 100% renewable energy by 2035. With support from the Biden Administration, Toyota is exploring Virtual Power Purchase Agreements (VPPAs) to cut emissions by up to 40% within three years. A new program titled 'The Power of Solar & Wind – The Road to Carbon Neutrality' will air on October 23, showcasing these initiatives. This move reflects Toyota's goal of reducing its environmental impact and leading the automotive industry in sustainability.
Toyota Motor Manufacturing Alabama announced the launch of its new twin-turbo V6 engine production for the 2022 Tundra during an event on October 18, 2021. This marks a $288 million investment, creating 450 jobs and increasing total employment to 1,800. The project, part of a $1.2 billion cumulative investment, signals growth in engine production capacity to 900,000 engines annually. The engines will be produced on North America's longest engine line, producing one every 58 seconds. The 2022 Tundra is set to go on sale later this year.
Toyota Motor North America (NYSE: TM) has partnered with Acxiom to develop a new Data Onboarding and Activation Platform (DOAP) aimed at enhancing customer experiences through data-driven strategies. This platform replaces traditional Data Management Platforms (DMP) with a focus on first-party data, complying with industry privacy standards. It enables both Toyota and Lexus to coordinate customer interactions across multiple channels effectively. The collaboration aims to optimize marketing efforts, improve analytics, and strengthen customer relations in a cookie-less digital landscape.
Toyota announced a $3.4 billion investment in automotive battery production in the U.S. by 2030. This investment supports the localization of battery manufacturing for electric vehicles and is part of a broader $13.5 billion global initiative. The establishment of a new company and battery plant is set to create 1,750 jobs and begin operations in 2025. Toyota aims to increase its electrified vehicle sales to 70% of U.S. sales by 2030, contributing to carbon neutrality and sustainable mobility.
Toyota announced that Torrence Racing will join Team Toyota for the 2022 NHRA Camping World Drag Racing Series season. This partnership expands Toyota's involvement to five Top Fuel dragsters and two Funny Cars. Torrence Racing, led by Steve and Billy Torrence, has achieved significant success, including 49 career victories and three championships. Steve currently leads the points standings, while Billy ranks fifth. Toyota supports its teams with advanced technology and resources through TRD, enhancing their competitive edge in the racing series.
The 2021 Toyota Mirai has set the GUINNESS WORLD RECORDS title for the longest distance driven by a hydrogen fuel cell electric vehicle without refueling, achieving 845 miles on a single five-minute fill. This record was validated during a two-day roundtrip tour across Southern California on August 23-24, 2021, with an impressive efficiency of 152 MPGe. The feat was monitored by Guinness World Records, showcasing Toyota's advancements in zero-emission technology and commitment to sustainable mobility.
Toyota Motor North America (TMNA) reported U.S. September 2021 sales of 152,916 vehicles, down 22.4% compared to September 2020. However, sales of alternative powered vehicles (APVs) reached 42,945, marking a 36% increase and comprising 28.1% of total sales. For Q3 2021, TMNA saw a 1.4% increase in total sales, totaling 566,005 vehicles, with APV sales soaring 62.5% year-over-year. Year-to-date, TMNA reported 1,857,884 vehicles sold, up 29.1%. APV sales for the year reached 450,122, climbing 113.7%.
Toyota launched Manufacturing Month with a video tour of eight U.S. facilities, showcasing the Toyota Production System. The video highlights the company's commitment to advanced manufacturing and aims to inspire students in STEM fields. Senior executives emphasized the skilled workforce involved in vehicle assembly and parts manufacturing. The premiere occurred on October 1, 2021, coinciding with Manufacturing Day, and was streamed on Toyota's social media channels. The company has a significant presence in the U.S., employing over 36,000 people and producing over 30 million vehicles across its plants.
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