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 has unveiled updates for the 2025 Sienna minivan, introducing new features and technology enhancements. Key highlights include:
- New Advanced Rear Seat Reminder system using radar to detect movement in rear seats
- Vacuum and FridgeBox added to Platinum trim, optional on
- Updated interior with new seat designs, materials, and console finishes
- Latest Toyota Audio Multimedia system with 12.3-inch touchscreen available
- 12.3-inch digital gauge cluster added to higher trims
- New wheel designs for Woodland Edition and Platinum grades
- Magnetic Gray Metallic exterior color added to most trims
The 2025 Sienna retains its hybrid powertrain, offering up to 36 MPG combined for FWD models. Pricing starts at $39,185 for the LE FWD model, with availability expected in Fall 2024.
Toyota's Prius has set a new GUINNESS WORLD RECORD™ for the lowest fuel consumption driving across the U.S. Hypermiler Wayne Gerdes achieved an impressive 93.158 MPG combined fuel economy average on a 3,211.7-mile journey from Los Angeles to New York City. This feat showcases the Prius' efficiency in various terrains and weather conditions, including mountain elevations up to 7,000 feet and temperatures exceeding 105 degrees.
The latest Prius generation, launched in 2023, offers up to an EPA-estimated 57 MPG combined and boasts 194 horsepower. This world record marks the 30th industry award for the new-generation Prius, adding to accolades like Car and Driver's 10Best and MotorTrend Car of the Year. Toyota (NYSE:TM) continues to lead in electrified vehicles, offering 30 electrified options and planning to open its 10th U.S. plant in North Carolina by 2025 for automotive battery production.
Toyota Motor North America has unveiled an NFL-themed campaign as the 'Official Automotive Partner of the NFL'. The campaign, titled 'We Roll Deep', features Team Toyota Athletes including Eli Manning, Brock Purdy, Puka Nacua, Christian Gonzalez, Michael Pittman Jr., and Kyle Hamilton. It will debut on September 5 during the Baltimore Ravens vs Kansas City Chiefs game.
Key elements of the campaign include:
- Toyota's Gameday Giveaway: An in-game fan engagement feature offering prizes like NFL tickets and a 2025 Toyota Land Cruiser
- A social media campaign honoring Latino heritage in football
- Collaboration with 'The Mina Kimes Show featuring Lenny' to discuss diversity in football
- Toyota's role as Presenting Partner of NFL Flag tournaments
This initiative builds on Toyota's 67-year legacy in grassroots football support and aims to bring fans closer to the game through various content formats and experiences.
Toyota USA Foundation has announced grants of up to $8.6 million to support STEM education in Fulton County Schools (FCS) in Georgia. This five-year initiative, part of Toyota's Driving Possibilities program, aims to prepare students for future STEM careers. The funding will focus on three key areas:
1. Expanding services at Student and Family Engagement (SAFE) Centers
2. Integrating STEM learning with Career, Technical, and Agricultural Education (CTAE) curriculum
3. Providing STEM-specific professional development for educators
The initiative is funded by Toyota USA Foundation, Toyota Motor North America (TMNA), and Toyota Financial Services (TFS). It builds on Toyota's 65-year history of community support across the U.S. and is the company's largest and most comprehensive education program to date.
Toyota Motor North America (TMNA) has announced significant executive leadership changes at TRD, U.S.A. (Toyota Racing Development). David Wilson, the current president of TRD, will retire on December 16 after a 35-year career with the organization. He will be succeeded by Tyler Gibbs, the current General Manager.
Wilson's tenure at TRD has been marked by numerous championships and iconic race wins across various motorsports disciplines. Gibbs, who has been with TRD for 28 years, will take over as president in late December. In his new role, Gibbs will oversee all TRD operations in North America, including engine and chassis engineering, manufacturing, and facilities management.
Toyota has unveiled the 2025 GR Corolla with a new 8-speed GAZOO Racing Direct Automatic Transmission (DAT) option, expanding its appeal to both manual and automatic transmission enthusiasts. Key updates include:
- Increased engine torque from 273 lb.-ft. to 295 lb.-ft.
- Enhanced suspension for improved stability and cornering
- Redesigned front bumper for better cooling and aerodynamics
- New Premium Plus grade with carbon fiber roof and vented hood
- Launch control for DAT models
- Front and rear Torsen -Slip Differentials as standard
The GR Corolla retains its 300 horsepower output and GR-FOUR All-Wheel-Drive system. It will be available in three grades: Core, Premium, and Premium Plus, with deliveries expected in Winter 2024.
Toyota (NYSE:TM) has announced its return as the title sponsor for the 2024 HBCU New York Classic, featuring a football match between Morehouse College and Howard University on September 14, 2024, at MetLife Stadium. This event underscores Toyota's ongoing support for Historically Black Colleges and Universities (HBCUs) and their commitment to education, scholarship, and athletic excellence.
The classic will include a week of activities such as educational workshops, community outreach, and scholarship announcements. Toyota will also showcase its all-new 2025 Camry at the event. The company's involvement aligns with its Driving Possibilities initiative, which focuses on creating innovative educational programs in historically underserved communities near Toyota's U.S. operations.
Toyota has unveiled the 2025 GR86 Hakone Special Edition, a -production sports car with only 860 units available in the U.S. market. This model pays homage to the Hakone Turnpike in Japan and features a striking Ridge Green exterior, bronze wheels, a duck-tail spoiler, and a Hakone badge. Customers have the option of a six-speed manual or automatic transmission, both powered by a 2.4-liter, 4-cylinder boxer engine delivering 228 horsepower and 184 lb.-ft. torque. The vehicle includes Ultrasuede sport seats, a bronze-accented shift knob, and a GR special edition plaque.
Enhanced driving dynamics come from retuned shocks, electric power steering, SACHS dampers, and Brembo brakes. The GR86 Hakone and all 2025 GR86 models will arrive at dealerships in Fall 2024, with pricing announced later this year. Safety features include an active safety suite, standard on all models, and Toyota's Star Safety System™. The car also comes with a complimentary 1-year NASA membership and various connected services.
Toyota Motor North America has published its 2024 Diversity + Inclusion Annual Report, highlighting efforts across the United States, Canada, and Mexico. Key initiatives include employee resource groups, executive engagement, and community outreach. The report emphasizes Toyota's commitment to diversity through various programs, such as D+I Journeys for leadership development and Driving Possibilities for STEM education. Additionally, Toyota awarded over $8 million in grants for pediatric traumatic brain injury care and was ranked #4 on Fair360's Top Companies for Diversity® list for the third consecutive year.
Toyota has joined seven other automakers as an investor and founding partner of IONNA, committing to install at least 30,000 EV charging ports across North America by 2030. This initiative will provide Toyota and Lexus customers access to a growing DC fast charger network supporting both NACS and CCS connectors. IONNA plans to deploy the first batch of charging stations in 2024, aiming to enhance the customer experience with additional amenities. This partnership aligns with Toyota's broader strategy to promote BEVs, with plans to offer 30 BEV models globally by 2030 and produce 3.5 million BEVs annually. Other investors in IONNA include BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis.
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