Welcome to our dedicated page for Toyota Motor news (Ticker: TM), a resource for investors and traders seeking the latest updates and insights on Toyota Motor stock.
Toyota Motor Corporation (TM) reports developments for a global automaker whose American depositary shares represent ordinary shares of the Japanese parent company. Recurring updates cover Toyota and Lexus vehicle sales, electrified-vehicle lineups, new model campaigns such as RAV4, and product categories that include hybrid, plug-in hybrid, all-electric and hydrogen fuel cell technologies.
Company news also includes Toyota Motor North America activity, U.S. manufacturing investments, sustainability and regulatory leadership changes, and commercialization work for Toyota Hydrogen Solutions. Brand partnerships and marketing programs appear alongside operating updates tied to vehicle demand, production capacity, and corporate governance.
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.
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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.
The 2023 GR Corolla, Toyota's first motorsport-developed model for North America, features a 1.6L three-cylinder turbo engine producing 300 hp and 295 lb-ft of torque. Available in Core, Circuit Edition, and the limited MORIZO Edition, it boasts a GR-FOUR AWD system with adjustable torque distribution. Starting at $35,900, the GR Corolla incorporates advanced engineering and performance tuning inspired by rally racing. It is equipped with an intelligent Manual Transmission and Toyota Safety Sense 3.0. Sales will commence in Fall 2022, with exclusive enhancements for the Circuit and MORIZO models.
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.