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 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.
Toyota has achieved a landmark milestone by selling its 50-millionth Corolla, a global automotive icon, first introduced in 1966. The Corolla, now in its 12th generation, continues to be a top seller, known for its reliability and affordability. The 2022 model offers advanced tech, high fuel efficiency of up to 53 MPG, and Toyota Safety Sense features. With over 55 years in production, the Corolla has become integral to many lives, serving as a dependable vehicle across generations.
Toyota will start assembling integrated dual fuel cell (FC) modules at its Kentucky plant in 2023, enhancing its hydrogen-powered technology for heavy-duty commercial trucks. This initiative aims to support the carbon neutrality goals by providing emissions-free options for truck manufacturers. The fuel cell modules, weighing about 1,400 pounds, can deliver 160kW of power and offer over 300 miles of range. The company will showcase this technology at the ACT Expo in Long Beach, CA from Aug. 31 to Sept. 1, 2021.
The Ann Arbor Hands-On Museum has launched STEAM PARK, featuring 23 interactive exhibits created in partnership with Toyota engineers. Opened on August 18, 2021, this gallery aims to inspire visitors of all ages to explore science, technology, engineering, and math through hands-on experiences. Supported by $1.5 million in grants from the Toyota USA Foundation, STEAM PARK includes unique installations like a time switch cuckoo clock and a digital drawing tool. Regular admission is $16 per person, and the museum serves nearly 400,000 visitors annually.
Toyota has unveiled the all-new 2022 GR 86, emphasizing enhanced performance and design for a thrilling driving experience. The coupe boasts a 2.4-liter horizontally opposed four-cylinder engine, increasing horsepower by 18% and torque by 11%. Weighing only 2,811 pounds, it ensures agility and stability. Key features include improved aerodynamics, a choice of manual or automatic transmissions, and advanced safety systems. Pricing is expected to start under $30,000, with availability set for November 2021, alongside a complimentary one-year NASA membership for owners.
On August 11, 2021, Toyota introduced a new feature, Collision Assistance, available through the Toyota and Lexus Owners Apps. This service aids drivers after a collision by providing guided instructions on navigating the post-collision repair process. Developed in partnership with CCC Intelligent Solutions, Collision Assistance integrates accident documentation, claims management, and repair facility searches. This feature aims to enhance customer safety and convenience, offering peace of mind during stressful moments following an accident.
Agillence, Inc. has been selected by Toyota Motor North America (TM) to provide its proprietary optimization software, Agillence Lean Logistics Optimizer (ALLO), aimed at enhancing planning for inbound and service parts logistics networks. This software will help TMNA identify cost-saving opportunities and reduce planning cycle times. The collaboration highlights Agillence's expertise in logistics optimization, utilizing next-generation SaaS solutions to resolve complex supply chain issues.
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