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.
On Sept. 30, 2021, Mazda Toyota Manufacturing (MTM) commenced production of the all-new 2022 Corolla Cross at its Huntsville, Alabama facility, the sole North American site for this model. With an investment totaling $2.311 billion, MTM plans to hire over 1,700 additional employees to reach a workforce of 4,000. The plant has a production capacity of 300,000 vehicles annually. The Corolla line is renowned for its dependability and efficiency, with the new model expected in dealerships by October.
Toyota unveiled the new Tundra TRD Pro for the 2022 NASCAR Camping World Truck Series on September 24, 2021, at Las Vegas Motor Speedway. This marks the first time Toyota will campaign the Tundra TRD Pro, debuting at Daytona International Speedway on February 18, 2022. The new truck reflects Toyota's commitment to racing vehicles that resemble production models. Toyota has achieved significant success in NASCAR, including 200 victories and a strong performance this season. The launch aligns with the introduction of the next generation Tundra models in dealerships.
Vail Resorts and Toyota have formed a multi-year strategic partnership affecting 33 mountain resorts in the U.S. This collaboration aims to enhance guest experiences through various initiatives, including Toyota vehicles for resort operations and new terrain features. Guests can expect innovative activations like the Toyota Banked Slalom course and complimentary valet services. Both companies emphasize safety, sustainability, and community impact, committing to carbon neutrality and contributing to local communities through Vail's EpicPromise platform, which donated $18.3 million during the 2019/20 season.
Clearway Energy Group has signed a virtual power purchase agreement (VPPA) with Toyota Motor North America (TM) to support its 100 MW Wildflower Solar project in Mississippi. Toyota will purchase 80 MW of renewable electricity, replacing high-emission sources in its operations, and aims for net-zero goals. The project is set to begin operations in 2023 and is expected to generate power for approximately 16,500 homes annually. This agreement follows a previous contract for the Black Rock wind farm in West Virginia, enhancing Toyota's renewable energy initiatives.
The 2022 Toyota Tundra is a reengineered full-size pickup truck, emphasizing performance, capability, and advanced technology. It features a new boxed steel ladder frame, multi-link rear suspension, and two engine configurations: a twin-turbo V6 producing 389 horsepower and the hybrid i-FORCE MAX, generating 437 horsepower. Maximum towing capacity is 12,000 pounds, with payload capacity at 1,940 pounds. Key interior upgrades include a panoramic roof, advanced infotainment, and safety features such as Toyota Safety Sense 2.5, standard across all models. Sales begin late 2021, with pricing to be announced.
The 2022 Toyota GR 86 has been chosen as the official pace car for the National Auto Sport Association (NASA) National Championships, taking place at Daytona International Speedway from September 16-19, 2021. The car, featuring a 2.4-liter engine with 228 hp, will lead over 400 competitors during the event. Toyota's partnership with NASA began in 2019, offering GR Supra owners a complimentary membership and instructional track days, which has now expanded to include all GR sports cars. This event showcases Toyota's commitment to motorsports and performance vehicles.
On September 9, 2021, Toyota announced the launch of the 2022 Corolla Cross, a new compact SUV based on the popular Corolla sedan. Priced from $22,195, the Corolla Cross will be assembled in Huntsville, Alabama, with a projected annual capacity of 150,000 vehicles. The model features a 169-horsepower engine and offers FWD and AWD options, achieving up to 32 MPG combined. It boasts a spacious interior and advanced safety features, including Toyota Safety Sense 2.0. The Corolla Cross will be available in three trims: L, LE, and XLE.
On August 31, 2021, RDS Logistics Group announced the deployment of a new fleet of seven electric terminal yard hostlers at the Toyota Ontario Parts Center. This initiative is part of RDS's effort to support sustainability and reduce emissions. The deployment is significant as it marks the first electric vehicle introduction at the Ontario facility since 1997. RDS is also constructing a new greenfield facility aimed at utilizing self-generated solar power and electric handling equipment, aligning with Toyota's sustainability goals for 2035 and 2050.
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