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 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.
The first two fuel cell electric heavy-duty Class 8 trucks from the ZANZEFF project are set for delivery at the Ports of Los Angeles and Long Beach this month. Sponsored by the state of California, these trucks, powered by Toyota's fuel cell electric drivetrain, will be used for drayage operations. An additional eight trucks are scheduled for delivery in 2021. This project, part of a $41 million grant by the California Air Resources Board, aims to reduce greenhouse gas emissions and support the development of zero-emission freight technology.
Toyota Motor North America is enhancing its support for the Olympic and Paralympic Winter Games Beijing 2022 by welcoming four new winter athletes to Team Toyota: Erin Jackson, Chris Mazdzer, Andrew Kurka, and Olympic hopeful Alysa Liu. This initiative continues Toyota's commitment to athletes through its "Start Your Impossible" campaign, fostering the idea that mobility unlocks potential. The athletes join a prestigious roster, and Toyota emphasizes its dedication to breaking barriers in sports and mobility.
Toyota Motor North America announced support for over 25 nonprofit organizations with $700,000 in grants this Giving Tuesday, aimed at uplifting communities during the holiday season. These grants will provide basic needs, holiday gifts, and educational supplies. Sean Suggs, group VP, stated that the initiative aims to aid families in need and support frontline responders. The grants will benefit organizations like food banks, homeless shelters, and educational resources, impacting various causes across Toyota's U.S. facilities.
Black Market has partnered with Toyota Motor North America (TM) and entertainer Terrence J to launch a virtual fashion event supporting up-and-coming Black designers. This event will run from November 25 to November 27, 2020, showcasing runway shows and exclusive content. Selected designers will feature exclusive items in the Toyota Closet, accessible only through this event. The initiative aims to provide a platform for Black designers to showcase their creativity and sell their products directly to consumers, addressing historical inequalities in the fashion industry.
On Nov 23, 2020, a partnership involving Toyota, Cisco, and Merit Network announced the expansion of free Wi-Fi access across more than 50 community locations in Southeast Michigan, addressing the digital divide highlighted by the pandemic. Key statistics reveal that 82,894 households in Detroit lack internet access. The initiative is part of the Michigan Moonshot program aimed at facilitating connectivity for educational purposes, with funding provided by the Toyota USA Foundation supporting similar efforts in 13 states.
Toyota Motor North America (TM) has announced significant executive changes within its manufacturing sector, effective January 4, 2021. David Fernandes, previously with Toyota South Africa Motors, will become the president of Toyota Motor Manufacturing, Mississippi (TMMMS), overseeing the Corolla production. Jason Puckett will take the helm at Toyota Motor Manufacturing, Alabama (TMMAL), which is expanding operations. Sean Suggs transitions to a new role related to social innovation. David Finch returns to South Africa after a key $288 million expansion at TMMAL, creating 450 jobs.
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