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 Motor Manufacturing Kentucky celebrated a significant milestone by producing its 10 millionth Camry, a testament to the vehicle's popularity in America. This achievement coincides with the plant's 35th anniversary and reflects Toyota's commitment to innovation, showcased in the 2021 Camry SE, featuring Toyota Safety Sense 2.5+. The company has invested over $1.5 billion since 2017 into the plant, which employs approximately 10,000 workers and represents an overall investment of $8 billion. These developments underscore Toyota's robust manufacturing presence in North America.
The Flight of the Monarch Butterfly – The Pollinator Project is set to premiere on several networks, including Discovery and Animal Planet, starting July 25, 2021. The documentary highlights the monarch butterfly's migration and addresses concerns regarding its declining population due to pollution and climate change. With support from the Mexican Minister of Tourism, the program emphasizes Toyota's initiatives, including 17 pollinator gardens, that aim to support the butterflies' habitats and promote conservation efforts across North America.
Toyota Motor North America (TM) has announced the promotion of Brian Kursar to group vice president, Digital Technology, while he continues as Chief Technology Officer. His role will focus on global digital transformation and modernization strategies, emphasizing software, cloud principles, and data-driven culture. Kursar has been with TMNA since 2002, holding various technology positions. He will report to Holly Walters and Zack Hicks.
Toyota has over 14 manufacturing plants in North America and employs more than 47,000 people.
Toyota Motor North America (TM) has introduced a next-generation multimedia system designed to enhance the in-car user experience. Developed in-house by the Connected Technologies group, this system offers multiple touchscreen options, significantly improved processing power, and advanced navigation capabilities. With features like over-the-air updates, a voice-activated Virtual Assistant, and personalized User Profiles, the system aims to provide a seamless, interactive experience for drivers and passengers. Set to debut in late 2021, it reinforces Toyota's commitment to innovation in mobility.
Toyota Motor North America Inc. (TMNA) has announced significant executive changes in its manufacturing organization, effective June 30, 2021. Jim Zehmer, currently the general manager of administration at TABC, Inc., will be promoted to president. Zehmer has been with TABC since 1992, holding various leadership roles. Mike Truax, the current TABC president, will retire after a 37-year career at Toyota and its previous joint venture with General Motors, NUMMI. These changes aim to strengthen TMNA's operational leadership amidst ongoing developments in the automotive sector.
Toyota has launched the GR Supra A91-CF Edition, a limited-run model with just 600 units available, showcasing 382 horsepower from its turbocharged 3.0-liter engine and a zero-to-60 time of 3.9 seconds. This special edition features carbon fiber accents, a duckbill spoiler, and enhanced aerodynamic components for improved performance. The car includes an exclusive interior design and comes with a complimentary one-year membership to the National Auto Sport Association. Pricing will be announced later, with availability expected this fall.
The all-new 2022 Toyota GR 86, revealed on June 2, 2021, enhances Toyota's sportscar lineage with improved handling, aerodynamics, and increased power. The 2.4L boxer engine boosts horsepower from 205 to 228 and torque from 156 to 184 lb-ft. With a curb weight of just over 2,800 lbs, it features a refined design for agility and responsiveness. The GR 86 accelerates from 0 to 60 in 6.1 seconds (MT) and 6.6 seconds (AT). Interior upgrades include a digital display and enhanced seating. Pricing will be announced later this year, with sales expected to begin soon.
On June 2, 2021, Toyota unveiled the all-new 2022 Corolla Cross, expanding its Corolla lineup with a compact crossover. Leveraging the TNGA-C platform, it features a 169-horsepower, 2.0-liter Dynamic Force Engine, with options for front-wheel and all-wheel drive. The Corolla Cross offers a spacious interior, advanced technology, and a suite of safety features including Toyota Safety Sense. Estimated fuel economy is 32 MPG for FWD and 30 MPG for AWD. With its emphasis on versatility and performance, the Corolla Cross aims to meet evolving consumer demands.
The Toyota bZ4X Concept made its North American debut at Toyota Motor North America's headquarters on June 2, 2021. This battery-electric vehicle (BEV) marks a significant step in Toyota's electrification strategy, featuring a new e-TNGA BEV-dedicated platform. The SUV aims to provide a unique driving experience with ample interior space and advanced technology. Toyota plans to expand its electrified offerings to 70 models globally by 2025, including 15 dedicated BEVs. Production details for the bZ4X will be released later this year, with sales expected to begin in 2022.
On June 2, 2021, Toyota unveiled the next-generation Tacoma TRD Pro, designed for enhanced off-road performance. Key upgrades include a 1.5-inch front lift and 0.5-inch rear lift, resulting in improved trail clearance with a 36.4-degree approach angle. New TRD-tuned Fox shocks and upper control arms optimize off-road capabilities. Visual enhancements feature an exclusive Electric Lime Metallic color and redesigned badges. The Tacoma TRD Pro maintains a powerful 3.5-liter V6 engine producing 278 horsepower, complemented by advanced safety features and technology integration for drivers.
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