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.
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.
Toyota Motor North America has partnered with AT&T to enhance in-vehicle entertainment for families. This collaboration introduces the WarnerMedia RIDE™ app, allowing Toyota and Lexus owners to connect up to five devices for browsing and streaming content via AT&T in-car Wi-Fi. Eligible owners of select 2020 and newer models can access a complimentary 90-day Wi-Fi trial. The app offers a wide range of shows and movies from popular channels. This initiative aims to improve customer experience on road trips, aligning with Toyota's focus on next-generation mobility.
Toyota Motor North America (TM) reported impressive U.S. sales for March 2021, with 253,783 vehicles sold, marking an 87% increase year-over-year. For Q1 2021, TMNA's sales reached 603,066 vehicles, a 21.6% rise. The Toyota division sold 220,597 vehicles in March (up 83.6%), while Lexus sales were at 33,186 (up 112.9%). Alternative Power Vehicles (APV) saw a notable increase, with March sales climbing 290.7% to 60,133 units. TMNA plans to introduce 25 new or refreshed vehicles over the next 16 months, aiming to enhance its hybrid and electric offerings.
Toyota announced the winners of the annual Toyota Dream Car USA Art Contest, showcasing artwork that envisions the future of mobility. Nine young artists were selected, with Jiawei (Jery) Chen from Florida receiving the inaugural Petersen Prestige Award for her innovative design titled 'Fly Higher with Toyota'. The contest aims to inspire creativity and engage youth in discussions about sustainable transportation. Over the years, nearly 90 countries have participated in similar contests, emphasizing Toyota's commitment to fostering future mobility.
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.
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