Toyota Motor Stock Price, News & Analysis

Toyota and Google Cloud announced an advanced partnership to integrate AI-driven speech services into Toyota and Lexus vehicles. The latest multimedia systems, set for 2023 models, will utilize Google Cloud's Speech On-Device, enabling voice recognition without internet connectivity. This innovative technology enhances the in-vehicle experience, delivering faster and more reliable voice interactions. The collaboration reflects years of joint development, aiming to refine how these technologies work together for better driver experiences.

Toyota has launched the "Live Legendary" campaign for the all-new 2023 Sequoia, urging drivers to create memorable experiences. The campaign highlights the Sequoia's powerful features, such as the i-FORCE MAX Twin Turbo V6 hybrid powertrain, which delivers 437 horsepower and 583 lb.-ft. of torque. Starting at $58,300, the redesign offers spaciousness and versatility for families. The campaign will feature placements across various media, including sports programming and digital platforms, aiming to reach a broad audience.

Toyota introduces the 2023 Highlander featuring a new turbocharged engine delivering 265 horsepower and 310 lb-ft of torque, enhancing performance by 17% over the prior V6 model. The turbo engine also improves fuel efficiency, achieving up to 25 MPG combined and over 50% reduction in NOx and NMOG emissions. Highlander models provide additional amenities, including larger multimedia touchscreens and advanced all-wheel-drive options. The Highlander Hybrid variant boasts a remarkable 36 MPG EPA-estimated rating. Starting MSRP for gas models is $36,420, with hybrid models beginning at $40,220.

Toyota Motor North America (TMNA) reported U.S. vehicle sales of 179,050 in September 2022, a 17.1% increase from September 2021. Electrified vehicle sales reached 35,419, making up nearly 20% of total sales. For Q3 2022, TMNA's total sales were 526,017, down 7.1%. The Toyota division saw a rise of 20.8% in September, while Lexus division sales fell by 4.3%. Electrified vehicle options are expanding, with 21 models available. Key highlights include significant increases in Corolla, Camry, and RAV4 sales, alongside declines in hybrid sales for certain models.

Toyota has announced an extension of trial periods for its Safety Connect and Service Connect services, now available for up to 10 years on select 2023 models, including the 2022 Tundra. These services enhance driver safety by providing 24-hour emergency assistance, roadside support, automatic collision notifications, and stolen vehicle locator. Additionally, Service Connect offers maintenance reminders and vehicle health reports. The extended trials are available at no extra cost, aiming to provide Toyota owners with greater peace of mind on the road.

Toyota Motor North America and Kenworth Truck Company successfully completed the ZANZEFF "Shore to Store" project, demonstrating that their fuel cell electric vehicles (FCEVs) can provide a zero-emissions alternative to diesel trucks. The T680 FCEV trucks, codenamed "Ocean," achieved a range exceeding 300 miles, significantly reducing greenhouse gas emissions by 74.66 metric tons of CO2 per truck annually. The project, supported by a $41 million grant from the California Air Resources Board, paves the way for commercial hydrogen-powered transportation in California and beyond.

Toyota has officially begun production of its all-new, all-hybrid Sequoia SUV at its San Antonio plant as of September 21, 2022. This marks a significant investment, with Toyota committing $391 million to enhance its Texas facility, which supports local job creation. The Sequoia features a twin-turbo V6 hybrid i-FORCE Max powertrain, combining power with efficiency. Toyota's overall investment in San Antonio now exceeds $3.1 billion, highlighting the company's commitment to sustainability and local economic growth.

The Toyota Dream Car Art Contest is set to open in the U.S. on October 1, 2022, encouraging youth aged 4-15 to submit creative car designs. This year, Ava Yeh, a 15-year-old from Mercer Island, Washington, won the Grand Prize in her age group for her 'Toyota Dream Orchestra Car' design, which aims to promote mental health through music and nature. The contest received 531,692 submissions globally from 78 countries. U.S. submissions will be accepted until January 31, 2023. More details can be found at www.ToyotaDreamCarUSA.com.