Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares) - TM STOCK NEWS

On February 2, 2021, Toyota and local partners launched the Lil' Abundance campaign to combat childhood food insecurity in Philadelphia, where over 32% of children face hunger. The initiative aims to provide over 345,000 meals through Philabundance's BackPack Program, which delivers 24 meals per backpack to children in need. The program has pivoted to distribute food via community centers due to COVID-19. With increased demand and a 60% rise in food insecurity, this campaign is crucial for supporting children and their families in the area.

Toyota Motor North America (TM) launched the enhanced SmartPath retail experience, providing customers with flexible options for purchasing vehicles online or in-store. Initially piloted in 2019, SmartPath integrates dealership services with online capabilities, allowing customers to complete their car buying journey seamlessly. The platform responds to rising demand for digital transactions, accelerated by COVID-19. Over 50 dealerships are already implementing SmartPath, with plans for additional launches throughout 2021, enhancing customer transparency and control over the purchasing process.

Toyota Motor North America (TM) reported December 2020 sales of 249,601 vehicles, marking a 20.4% increase year-over-year. Total sales for 2020 were 2,112,941 vehicles, down 11.3% compared to 2019. The Toyota division sold 211,378 vehicles in December, a 22.9% increase, while Lexus division sales rose 8.2% to 38,223 vehicles. Notably, hybrid sales surged 82.8% in December, totaling 50,649 vehicles, and represented nearly 16% of TM's annual sales. Despite year-over-year declines, the company showcased record sales in hybrids and several models.

Toyota revealed two exciting vehicles for the 2021 Specialty Equipment Market Association (SEMA) event: the 2021 GR Supra Sport Top and the TRD-Sport Trailer. The Sport Top honors the legacy of the MKIV Supra with a removable roof and enhanced structural integrity. Meanwhile, the TRD-Sport Trailer, designed for overlanding, features a remote-operated scissor-lift, tent, and multiple amenities for outdoor adventures. These new creations follow the unveiling of four vehicles in a previous showcase in November, maintaining Toyota's engagement with automotive enthusiasts.

Toyota has unveiled the all-new 2021 Mirai, a premium rear-wheel drive fuel-cell electric vehicle (FCEV) with a 30% increased EPA-estimated range of 402 miles. The Mirai, which means 'future' in Japanese, features a striking design, advanced technology, and enhanced driving performance compared to its predecessor. Built on the GA-L platform, the new model offers a spacious five-seat cabin, improved weight distribution, and is equipped with Toyota Safety Sense 2.5+. With a starting MSRP of $49,500 for the XLE grade, the 2021 Mirai aims to broaden its market appeal while maintaining Toyota's leadership in electrification.

Toyota Motor North America has released its 2020 Environmental Report, highlighting significant efforts in sustainability. The company achieved a 9% reduction in absolute greenhouse gas emissions compared to 2019, driven by energy efficiency and renewable energy investments. New electrified products such as the 2021 Toyota Mirai and RAV4 Prime are set to expand the company’s offering. Water stewardship initiatives are in progress in Mexico and the U.S. Toyota's ongoing commitment aligns with its Environmental Challenge 2050 to address critical global environmental issues.

Toyota Motor North America (TM) announced significant executive changes effective January 4, 2021. Toshio Niimi is appointed executive vice president, overseeing production engineering and manufacturing across North America. Key promotions include Lisa Materazzo to group vice president of Toyota Marketing and Tom Stricker to group vice president of Sustainability and Regulatory Affairs. Edward Mantey and John Kennelly will retire on January 29, 2021, after over 29 and 16 years of service, respectively. These transformations aim to enhance operational efficiency and drive Toyota's next-generation mobility initiatives.

On Dec. 10, 2020, Toyota announced advancements in its fuel cell electric technology, now powering new Class 8 heavy-duty trucks. Utilizing the same system as the 2021 Mirai sedan, these prototype trucks will operate at the ports of L.A. and Long Beach for performance validation. The trucks feature enhanced hydrogen storage and a powerful lithium-ion battery, achieving over 300 miles of range at a full load of 80,000 lbs. This initiative supports Toyota's Environmental Challenge 2050, aiming for zero CO2 emissions and reducing pollution in port areas.