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 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.
Toyota's Collaborative Safety Research Center (CSRC) announced four new research projects on World Usability Day, aimed at enhancing advanced technology designs for safer mobility. The company is investing $1 million in collaboration with the University of Michigan, Miami University, University of Nebraska, Texas Transportation Institute, and State Farm. Projects will explore driver behavior, health monitoring, and error identification in advanced driver assistance systems (ADAS). CSRC has launched 63 projects since 2011, contributing to safety research across the automotive industry.
On November 12, 2020, Iwatani Corporation of America and Toyota Motor North America announced a significant partnership to expand hydrogen refueling infrastructure in Southern California. This collaboration will add seven new retail hydrogen fueling stations, increasing hydrogen dispensing capacity by 6,300 kilograms per day—an almost 25% enhancement. The stations are slated for construction in early 2021 and will support zero-emission fuel cell electric vehicles. This initiative aligns with the growing demand for environmentally friendly transportation solutions and aims to foster job creation in California.
The Toyota Dream Car USA Art Contest opens for submissions on November 16, 2020, inviting U.S. youth aged 4-15 to share their artwork until January 31, 2021. This contest, now in its 10th year, encourages creativity around the theme of environmental protection. Participants are judged in three categories based on uniqueness and artistic execution. The contest has seen participation from nearly 90 countries since its inception in 2004. Detailed rules and guidelines are available at www.ToyotaDreamCarUSA.com.
Toyota's 2021 RAV4 TRD Off-Road was awarded as the Compact SUV of Texas for the second consecutive year during the Texas Truck Rodeo hosted by the Texas Auto Writers Association (TAWA).
The vehicle is praised for its off-road performance, featuring TRD-tuned suspension and a robust design, capable of towing up to 3,500 pounds. Among 39 evaluated models, the RAV4 TRD stood out, demonstrating impressive capabilities.
Other Toyota vehicles, including the 4Runner TRD Pro and Tacoma Trail Special Edition, were also finalists in their categories.
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