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 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.
The 2022 Toyota Sienna Woodland Special Edition, launching this Fall, features rugged styling and is equipped with a standard Electronic On-Demand All-Wheel Drive System, enhancing its outdoor capabilities. The Sienna offers an EPA-estimated combined MPG of 35 and numerous features including a 1500W power outlet, a tow hitch capable of 3500lbs, and advanced safety systems with Toyota Safety Sense 2.0. For each vehicle sold, Toyota will donate $250 to the National Environmental Education Foundation, ensuring a minimum contribution of $250,000.
Toyota announced a $1.7 million investment aimed at increasing opportunities for underrepresented students in engineering fields in Kentucky. The initiative will provide full-tuition scholarships to 35 students over five years, targeting female and minority candidates. It involves partnerships with the University of Kentucky, University of Louisville, and Bluegrass Community & Technical College, offering mentorship and paid co-op opportunities at Toyota. This program aims to improve diversity in the engineering workforce and align with educational goals in the region.
Chevron and Toyota have entered a memorandum of understanding to explore a strategic alliance aimed at developing a large-scale hydrogen economy. The partnership focuses on three strategic priorities: advocating for hydrogen-related public policies, assessing market demand for fuel cell electric vehicles, and pursuing joint research and development in hydrogen transportation and storage. Both companies view this collaboration as a significant step towards carbon neutrality, leveraging their combined resources and expertise to create sustainable transportation options.
Toyota unveiled the bZ4X Concept on April 18, 2021, marking a significant step in its commitment to carbon neutrality through alternative-fuel technologies. The bZ4X is the first in a global series of battery-electric vehicles under the 'bZ' brand, part of Toyota's plan to introduce around 70 electrified models by 2025, including 15 dedicated BEVs. This concept vehicle, developed with Subaru, showcases Toyota's renowned quality and an engaging driving experience. Production will begin in Japan and China, with a global sales launch expected by mid-2022.
Toyota Motor North America (TMNA) announced key executive changes aimed at enhancing its mobility strategy. Effective April 12, Doug Murtha transitioned to group vice president, chief business information officer within the IT Division, while Tim Ingle was promoted to group vice president, Enterprise Strategy. Ingle will oversee areas related to mobility, including connected, autonomous, shared, and electrified initiatives. These changes are designed to drive critical business needs and improve competitiveness in TMNA's future product plans.
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