Toyota Motor - TM STOCK NEWS

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.

Mazda Toyota Manufacturing (MTM) announced an additional $830 million investment, bringing total funding to $2.311 billion for its facility in Alabama. This investment aims to enhance manufacturing technologies and worker training for up to 4,000 jobs. The facility will produce up to 150,000 units each of a Mazda crossover and a Toyota SUV annually, beginning in 2021. The project is significantly supported by local and state governments, reinforcing the commitment to quality manufacturing in the U.S.

Toyota is investing $9.3 million in solar arrays across its plants in Alabama, Missouri, and West Virginia, totaling 10.8 acres and generating 4.95 megawatts of energy. This initiative will reduce CO2 emissions by 4,304 metric tons annually and is part of Toyota's Environmental Challenge 2050 aimed at achieving zero carbon emissions by mid-century. Significant projects include a 3.3-acre solar array in Alabama, a 1.5-acre array in Missouri, and a 6-acre array in West Virginia, expected to complete by March 2021.

The 2021 Toyota Sienna, yet to launch, has received the prestigious Enlighten award from Altair Engineering for its innovative lightweight design. Collaboration with BASF allowed Toyota to replace a heavy steel seat frame with a one-piece resin structure, significantly reducing weight and manufacturing costs. The new seat design enhances user experience by lowering the effort required to raise the third-row seats from 53 pounds to just 19 pounds. Toyota continues to emphasize advancements in sustainable mobility, with the Sienna designed in Michigan and produced in Indiana, set to be available for sale later this year.

Toyota Motor North America (TMNA) announced key executive changes effective September 1, 2020. Sean Suggs will serve as group vice president and chief social innovation officer while retaining his role as president of Toyota Motor Manufacturing, Mississippi. He replaces Albert Smith, Jr., who is retiring after 30 years. Additionally, Luis Lozano has been appointed president of Toyota de Mexico, effective August 3, 2020, succeeding Mike Bafan. These changes aim to enhance TMNA's philanthropic and diversity initiatives, following a noteworthy rise in DiversityInc's rankings.

The 2021 Toyota Avalon introduces significant updates including the first all-wheel drive option and the XSE Nightshade Edition, catering to diverse customer preferences. The Avalon offers a 301-horsepower V6 engine, a hybrid variant with an EPA-estimated 44 MPG, and advanced safety features like Toyota Safety Sense. Notably, the Avalon Hybrid now uses a lithium-ion battery. The lineup features ten variants, with the all-wheel drive expected to account for 20% of sales. Enhanced design and performance options continue to position Avalon as a premium midsize sedan.

Toyota introduces the Corolla Apex Edition for 2021, designed for driving enthusiasts seeking performance and style. Limited to 6,000 units, the Apex Edition enhances the standard Corolla SE and XSE with a sport-tuned exhaust, track-tuned suspension, and a 169-horsepower 2.0-liter Dynamic Force Engine. The model offers options for a Dynamic Shift CVT or a 6-speed intelligent manual transmission. With upgraded features like a sporty body kit, premium interior options, and advanced safety tech, the Corolla Apex Edition combines striking aesthetics with impressive handling.

The 2021 Toyota Camry celebrates its 37th year with a diverse lineup, introducing the first-ever XSE Hybrid. All models now feature Toyota Safety Sense 2.5+, enhancing driver assist technology. The updated exterior includes a redesigned front fascia, new wheel designs, and color options. The all-wheel drive option is expected to make up 15% of sales. Performance models like the TRD remain available, now with additional standard features. Toyota is committed to sustainability and innovation, with 17 configurations offered to maintain its leadership in the midsize sedan market.