Toyota Motor Stock Price, News & Analysis

The 2023 Toyota GR Supra introduces a new six-speed manual transmission option, enhancing driver engagement. Available on the 3.0, 3.0 Premium, and the limited A91-MT Edition, the latter is restricted to 500 units in the U.S. featuring exclusive colors and leather interiors. The GR Supra models benefit from refined handling and a standard 12-speaker JBL audio system. The pricing starts at $52,500 for the 3.0 MT. Developed in collaboration with ZF, the manual transmission aims for sports car performance with optimized gear ratios and features such as rev matching for smoother driving.

Toyota announced a $2.5 billion investment in its North Carolina battery manufacturing facility, increasing total investment to $3.8 billion. This expansion will create 350 new jobs and boost battery production for hybrid and battery electric vehicles (BEVs). The facility aims to enhance Toyota's electrification strategy, part of a global commitment of $70 billion for electrification efforts. Production is set to commence in 2025.

Toyota Motor North America (TM) unveiled 'Mobility4All Parkway' at the American Center for Mobility (ACM) in Ypsilanti, Michigan, marking its five-year anniversary as a founding ACM sponsor. The naming recognizes Toyota's $5 million initial contribution and an expanded $6 million investment in 2021 for on-campus facilities and resources. The project enhances Toyota’s commitment to inclusive mobility solutions. ACM's president credited Toyota's support for accelerating the mobility industry through unique partnerships and research.

Toyota Motor North America is teaming up with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) to develop a 1-MW proton exchange membrane (PEM) fuel cell power system in Arvada, Colorado. This $6.5 million project will take three years and aims to enhance stationary power generation. The system will integrate multiple fuel cell modules and is designed to provide efficient power solutions. Additionally, research will explore integration with renewable energy systems.

Toyota's Collaborative Safety Research Center (CSRC) has announced the addition of four new research projects aimed at enhancing automotive safety. This initiative is part of a five-year, $30 million commitment focused on understanding human driving behavior and implementing technologies to prevent impaired driving. The projects will be conducted in collaboration with several esteemed universities, including the University of Virginia and the University of Michigan Medical School. CSRC has invested $85 million in safety research since its inception, with 98 projects completed and over 260 published papers.

Toyota has committed $750,000 to support recovery efforts following catastrophic flooding in Eastern Kentucky. This donation includes $500,000 for the Flood Relief Fund and $250,000 to SBP for aiding families and navigating federal funding. Additionally, Toyota Financial Services will offer payment relief options to affected customers, including lease extensions and deferred payments. Matching contributions will also be available for donations made by employees and dealer partners.

Toyota has unveiled the all-new 2023 Crown, reimagining the full-size sedan with bold styling and performance. Available in XLE, Limited, and Platinum grades, the Crown features standard electronic on-demand AWD and offers a choice between Toyota's HYBRID MAX and fourth-generation Hybrid systems. The HYBRID MAX, exclusive to the Platinum grade, combines a 2.4L turbo engine for 340 HP with a fuel economy of 28 MPG. The interior boasts premium comfort with a spacious layout, advanced multimedia system, and Toyota Safety Sense 3.0. The Crown symbolizes Toyota's innovative legacy, dating back to 1955.

May Mobility announced the closing of a $111 million Series C funding round, bringing total funding to $194 million. The funding aims to enhance technology and expand operations, focusing on driver-out autonomous vehicle (AV) deployments, particularly with the Toyota Sienna Autono-MaaS platform. Collaborations with partners like Toyota and State Farm Ventures underline support for AV technology. The company is also developing the Toyota e-Palette platform to further transform mobility. The investment reflects confidence in reducing road accidents through AVs.

Toyota Motor North America reported a decline in U.S. vehicle sales for June 2022, totaling 170,155 units, down 17.9% from June 2021. For the first half of 2022, sales reached 1,045,697, marking a decrease of 19.1%. Notably, electrified vehicle sales comprised 23.5% of monthly sales, with 39,965 units sold in June, and 25.5% year-to-date, totaling 266,413 units. Despite sales challenges, Toyota launched several new models and expects to introduce more electrified options later this year. The company continues to focus on customer satisfaction amid ongoing inventory issues.