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.
On March 23, 2021, Toyota launched the Toyota for Families digital toolkit aimed at simplifying child car seat installations. This initiative stemmed from a discussion between engineers Jennifer Pelky and Lindsay Babian, both mothers, who recognized the confusion surrounding car seat setups. The toolkit provides step-by-step video instructions tailored to specific Toyota vehicles, enhancing child safety in cars. Despite significant advances in car seat technology, over half are still installed incorrectly, prompting Toyota's commitment to reduce these errors through accessible resources.
The program "Powering the Nation - Hydrogen Fuel Cells - the Clean Transportation Alternative" will air on March 26 at 7 p.m. EDT on Science Channel and MotorTrend TV, and again on March 27 at 8 a.m. EDT on Discovery. Featuring insights into hydrogen fuel technology and its potential applications in zero-emission vehicles and beyond, the program emphasizes collaboration among states, manufacturers, and energy companies. Toyota advocates for hydrogen fuel cells as part of its broader sustainability efforts, which also include hybrid and battery electric vehicles.
Toyota's Georgetown, Kentucky plant celebrates a significant milestone with the assembly of its 13 millionth vehicle, a RAV4 Hybrid, highlighting ongoing investments of over $1.5 billion in production since 2017. The plant, which employs over 10,000 workers, is part of Toyota's broader $13 billion investment plan in North America. As the leading alternative fuel vehicle manufacturer in the U.S., Toyota aims for 40% of its new vehicle sales to be electrified by 2025. Additionally, a $1.3 million commitment to STEM education reflects its community engagement.
Toyota North America initiated a grassroot employee-led fund to tackle disparities in local communities, granting $475,000 to 48 nonprofits across 17 communities. The funds focus on critical needs such as food insecurity and healthcare access. Sandra Phillips Rogers stated, "This initiative brought us together, providing a collective voice for good on issues that affect us all." Beneficiaries like YWCA Charleston will utilize these grants for training and outreach programs to combat racism and empower women.
Toyota Motor North America (TM) announced a $1 million relief effort for Texans impacted by Winter Storm Uri. This initiative aims to support both customers and local non-profits across Texas. Key allocations include $450,000 to United Way of Metropolitan Dallas, $200,000 to the Let's Help SA Fund in San Antonio, and additional funds for food banks and shelters in Houston. Toyota also offers payment relief options for affected customers and will match employee contributions to non-profits up to $10,000, emphasizing its commitment to the local community amidst recovery efforts.
Toyota Motor Manufacturing West Virginia (TMMWV) will invest $210 million to enhance engine production, adding 100 new jobs and boosting capacity for four-cylinder engines. This initiative brings TMMWV's total investment to over $1.8 billion, employing more than 2,000 workers. The upgrade will accommodate increased demand for RAV4 engines, producing an additional 5,900 engines monthly. The project is set for completion in the second half of 2022, demonstrating Toyota's commitment to the local economy and workforce.
Toyota Motor North America (TM) will launch three new electrified models in the U.S. market in 2021, including two battery electric vehicles (BEVs) and one plug-in hybrid electric vehicle (PHEV). With a 40% market share in alternative fuel vehicles, Toyota aims for 25% of new vehicle sales to be electrified by 2025, increasing to nearly 70% by 2030. They emphasize customer choices in powertrains and have made significant strides in reducing greenhouse gas emissions. Furthermore, they are developing a dedicated BEV platform called e-TNGA to support their environmental commitments.
Toyota Motor North America (TM) celebrates a major milestone with the production of its 30 millionth U.S.-assembled vehicle at the Indiana plant, specifically the all-new 2021 Toyota Sienna minivan. This achievement underscores Toyota's long-standing commitment to U.S. operations, which date back to 1986. The company pledged $13 billion in investments from 2017 to 2021, creating over 6,500 jobs and enhancing production capabilities. With nearly 4 million alternative-powered vehicles sold, TM has led in this market for 21 years, showcasing a steady increase in hybrid sales.
Toyota was awarded the most patents among automakers in 2020, securing a total of 2,819 patents, a 4% increase from 2019. This achievement underscores Toyota's commitment to innovation as it transitions into a mobility company. Since 2003, the company has received over 1,400 patents related to autonomous vehicle technology, with more than $1 million invested in emerging technology every hour globally. Over $1 billion has been allocated to R&D for automated vehicles and robotics since 2017, highlighting Toyota's robust research and development pipeline.
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