Welcome to our dedicated page for Toyota Motor news (Ticker: TM), a resource for investors and traders seeking the latest updates and insights on Toyota Motor 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 launched the Clean Assist program in California, enabling eligible Prius Prime and RAV4 Prime owners to charge their vehicles with 100% renewable energy at no cost. Through the Toyota App, users can track their electricity usage, and Toyota will match it with California-sourced Renewable Energy Certificates (RECs). This initiative supports California's goal of reducing GHG emissions and facilitates the generation of LCFS credits to promote further electrification. Toyota has a significant presence in the U.S., employing over 36,000 people and manufacturing more than 30 million vehicles.
Toyota's 2021 Supra 3.0 Premium has been awarded the Performance Vehicle of Texas at the Texas Auto Roundup. The car boasts a robust 384 horsepower and can accelerate from 0-60 mph in just 3.9 seconds. With its enhanced safety features, including a Driver's Assist Safety Package, it impressed journalists at the event, which included evaluations of 35 vehicles. This model continues Toyota's legacy in automotive excellence, offering superior performance, agility, and a striking design.
On May 18, 2021, Toyota announced the upcoming launch of the next-generation 2022 Toyota Tundra, showcasing its commitment to innovation in the truck segment. The company emphasizes its longstanding presence in North America, with over 60 years of operation, 14 manufacturing plants, and a workforce exceeding 47,000. In 2018, Toyota sold 2.8 million vehicles across North America, highlighting its significant market impact. For more details on the Tundra, visit their website.
On May 17, 2021, Intertrend announced its latest campaign, Make Noise Today: Recipe for Change, featuring chef Eddie Huang and other notable chefs. This initiative aims to support Asian American chefs during COVID-19 by providing meals to essential workers and impacted communities in New York, Los Angeles, and San Francisco. The campaign includes a series of videos that showcase the chefs' stories and their connection to food, and aligns with Toyota's commitment to the AAPI community, highlighted by a $1 million donation to support local organizations.
Toyota announces a groundbreaking commitment of nearly $5 million to support Team USA's Paralympic athletes as they prepare for the Tokyo 2020 and Beijing 2022 Games. This funding includes a $3,000 stipend for eligible athletes and sponsorship opportunities for those selected for the U.S. Paralympic Team. By partnering with the USOPC, Toyota aims to enhance awareness and support for Paralympic athletes, showcasing their achievements on a global platform. This initiative reflects Toyota's commitment to mobility and inclusivity.
Toyota Motor North America (TM) is addressing COVID-19 vaccination accessibility challenges for homebound Americans by providing over 50 vehicles and grant funding to various nonprofit organizations across 13 states. This initiative, aimed at assisting around 4 million people, includes collaboration with AARP and UnidosUS for transportation and educational outreach. The program focuses on improving vaccination access for older adults and multicultural communities, featuring a $1 million grant for bilingual education efforts. This builds on previous support for e-learning and food assistance programs.
Toyota is advancing its electrified future, aiming for battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) to represent 15% of its U.S. sales by 2030. By then, 70% of the combined sales of Toyota and Lexus will be electrified. Globally, the company plans to sell around 8 million electrified vehicles, including 2 million BEVs and FCEVs. Toyota's extensive experience in hybrid technology has saved 139 million tons of greenhouse gases. The company encourages consumer choice and regulatory support for diverse environmentally friendly vehicles.
Toyota Motor North America has been announced as the Official Vehicle Partner for the BIG3's fourth season. The partnership includes the return of the RAV4-Point Shot and interactive activations for fans to experience Toyota's vehicle lineup. BIG3 co-founders Ice Cube and Jeff Kwatinetz expressed their enthusiasm for Toyota's support, highlighting the significance of sports and fan engagement. Toyota's commitment to enhancing the fan experience is emphasized by their history in North America, where they employ over 47,000 people.
Toyota, in collaboration with TRD, has unveiled the Next Gen TRD Camry, set to debut in the 2022 NASCAR Cup Series. This innovative vehicle represents enhanced safety and performance, showcasing Toyota's commitment to evolving racecar technology. The TRD Camry closely resembles its production counterpart, marking a significant development since the 2013 model. With a history of 155 NASCAR wins since 2007, Toyota aims to maintain its competitive edge in motorsports. The TRD Camry will make its racing debut at Daytona International Speedway on February 20, 2022.
Toyota Motor Manufacturing Indiana (TMMI) marks its upcoming 25th anniversary with an $803 million investment that will create 1,400 new jobs at its Princeton facility. This funding supports the introduction of two new all-new SUVs, one under the Toyota name and the other introducing the Lexus line to Indiana. The investment aims to enhance Toyota’s electrified vehicle portfolio and aligns with Toyota's goal of carbon neutrality by 2050. TMMI’s total investment since 1998 now stands at $6.6 billion.
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