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.
The 2021 Toyota Sienna, redefined with an all-hybrid powertrain, boasts improved style, safety, comfort, and fuel efficiency. Designed in the U.S., it includes features like kick-open doors, four-zone climate control, and advanced safety systems. The Sienna's robust design enhances its versatility for various lifestyles, with a towing capacity of 3,500 pounds. Notably, it offers an innovative, spacious interior and an optional all-wheel-drive system. The Sienna's hybrid powertrain delivers 245 horsepower and an EPA-estimated 36 MPG, ensuring efficient performance.
Toyota Motor North America (TM) announces significant changes in its Supply Chain Management (SCM) operations effective October 26, 2020. Randy Pflughaupt, a 38-year veteran, is retiring, with Keith Robertson promoted to group vice president of SCM. Robertson will oversee North America's vehicle supply chain, including demand and supply management and logistics. This transition aims for continuity and growth in operations, with Chris Nielsen affirming the strategic importance of these changes for future success.
On October 5, 2020, Hino Trucks and Toyota Motor North America announced a partnership to develop a Class 8 fuel cell electric truck (FCET) for the North American market. This collaboration combines Hino's XL Series chassis with Toyota's advanced fuel cell technology, aiming to produce a zero-emission vehicle that offers heavy-duty capabilities. The initiative builds on their previous work for the Japanese market. Both companies emphasize the vehicle's benefits, including an extended range and quieter operation, contributing to sustainable transportation solutions.
Toyota Motor North America (TM) and Hino Trucks have entered a partnership to develop a Class 8 fuel cell electric truck (FCET) aimed at the North American market. This collaboration leverages Hino's XL Series chassis combined with Toyota's advanced fuel cell technology, promising a zero-emission vehicle that combines durability and performance. The first demonstration vehicle is anticipated in early 2021. This initiative also builds on prior efforts to create a similar vehicle for Japan, marking a significant step towards sustainable transport solutions.
The Bonneville Environmental Foundation and Douglas County PUD, in collaboration with Toyota Motor North America, received a $1.9 million grant to launch the Renewable Hydrogen Demonstration Project in Washington State. This initiative, supported by the Centralia Coal Transition Board, aims to establish the first hydrogen fueling station for fuel cell electric vehicles (FCEVs) in the state. Renewable hydrogen will be produced using Douglas County's renewable hydropower. The project is expected to enhance zero-emission vehicle adoption and contribute to Washington's clean energy transition.
The Toyota USA Foundation announced grants of $3,357,000 to enhance internet access and provide laptops for students in 13 states, benefiting over 350,000 learners. This initiative aims to address educational barriers exacerbated by the pandemic, extending Toyota's COVID-19 relief efforts. The grants will fund WiFi access points, mobile WiFi devices, and software licenses. President Mike Goss emphasized the importance of equal access to education, highlighting the foundation's commitment to addressing significant challenges in education.
On September 25, 2020, three Toyota employees received the Women in Manufacturing STEP Ahead Awards at a virtual ceremony, recognizing female leaders in manufacturing. The recipients are Karen Cooper, Lauren Powell, and Ericka Mendez. The awards honor 130 women for their excellence in various manufacturing roles, highlighting the need to close the gender gap in this sector. Toyota has previously had 18 recipients of this prestigious award, showcasing the company's commitment to supporting women in manufacturing and promoting diversity in the workforce.
Toyota Motor North America (TMNA) has launched a virtual education hub aimed at enhancing STEM education. This platform provides free lessons and virtual tours of manufacturing facilities across the U.S., including plants in Indiana, Kentucky, Mississippi, and Texas. The initiative seeks to inspire underrepresented groups in STEM and offers insights into Toyota's manufacturing philosophies. All resources are available at no cost at www.tourtoyota.com/educationhub. TMNA continues to emphasize high-quality education as vital for communities.
On August 26, 2020, Toyota Motor North America announced the expansion of its T-TEN (Technician Training & Education Network) program, which now has 36 locations in the U.S., with eight new sites launching in September. The program aims to train students for careers as certified technicians for Toyota and Lexus vehicles, contributing to a growing demand for skilled technicians. Since its inception in 1986, T-TEN has graduated nearly 12,000 students. The initiative supports hands-on training, offering degrees and certifications, thereby enhancing service quality at nearly 1,500 dealerships nationwide.
Toyota Motor North America announced executive changes in its automotive operations on August 17, 2020. Bill Fay, senior vice president, will retire on September 1, after 38 years with the company. Jack Hollis will be promoted to senior vice president, effective August 31, responsible for Toyota and Lexus brands. David Christ will succeed Hollis as group vice president of Toyota Division, and Andrew Gilleland will take over the Lexus Division. These changes aim to enhance operational efficiency and customer relations in the automotive sector.
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