Toyota Motor Stock Price, News & Analysis

The all-new 2022 Toyota Tundra Capstone, debuting this spring, introduces a premium truck experience with luxurious features. Highlights include 22-inch chrome wheels, semi-aniline leather seats, and a 14-inch multimedia touchscreen. Powered by the i-FORCE MAX hybrid powertrain, it boasts 437 horsepower and a towing capacity of 10,340 pounds. The Tundra Capstone also features advanced safety systems, including Toyota Safety Sense 2.5. It combines luxury with performance and is designed to elevate the full-sized truck segment.

The 2022 Toyota Corolla Cross is officially launched in the U.S. with the 'Just Right' campaign, designed to showcase its versatility and capabilities. The campaign emphasizes joyful moments in life while promoting the compact SUV's features such as spacious cargo, AWD capabilities, and a stylish design. Developed through the Total Toyota marketing model, it targets diverse audiences through TV, digital platforms, and social media. The Corolla Cross, manufactured in Alabama, offers impressive specifications: 169 hp, up to 32 mpg, and a cargo capacity of 26.5 cu. ft.

Toyota Motor North America (TMNA) reported a decrease in December 2021 U.S. sales, totaling 174,115 vehicles, down 30.2% year-over-year. However, 2021 overall sales rose 10.4% to 2,332,262 vehicles. The Toyota division saw a 29.0% drop in December to 150,072 vehicles but recorded a 10.3% increase for the year. Lexus division sales fell 37.1% in December to 24,043 vehicles while increasing by 10.7% for the year. TMNA highlighted its number one EPV sales position for 22 consecutive years, with new investments of nearly $3 billion into U.S. manufacturing.

The 2022 Toyota GR86 campaign "FasterClass" launched on January 4, 2022, showcasing the next-generation sports coupe engineered for performance enthusiasts. Developed with a focus on multicultural marketing, the campaign integrates digital, social, and print media to emphasize the vehicle's track-ready capabilities. Key features include a 2.4L engine, improved torque, and a starting MSRP of $27,700. Collaborations with notable racing figures and cultural references highlight the GR86's heritage, positioning it as an accessible sports car for everyday driving.

The Toyota Arizona Proving Grounds (TAPG) has launched the Arizona Mobility Test Center (AMTC), expanding its availability for industry vehicle testing. Operated by Intertek Transportation Technologies under a multi-year agreement, AMTC will support various automotive companies while Toyota maintains its testing operations. This initiative aims to generate additional revenue for continuous facility improvements. Located in Wittman, Arizona, AMTC encompasses 11,650 acres and offers extensive testing surfaces. Toyota also commits to community support through donations for STEM education and food security programs.

Toyota is committed to sustainable development and aims for carbon neutrality by 2050 as outlined in its 2021 North American Environmental Report. Key initiatives include expanding vehicle electrification with the launch of the Toyota bZ4X SUV, entering a power purchase agreement for renewable energy, and significant water conservation efforts. The report highlights a recycling rate of 93.2% and financial contributions to environmental projects, such as a $150,000 donation to the World Wildlife Fund. These actions are part of Toyota's long-term environmental strategy and commitment to reducing its carbon footprint.

Toyota North America announced key executive changes effective January 2022, aimed at supporting its mobility strategy. Promotions include Srini Matam as group vice president of Powertrain, David Rosier as president of Toyota Motor Manufacturing, West Virginia, and Scott Cooke as chief financial officer of Toyota Financial Services. John Tinney will retire after 17 years. The company continues to lead in electrified vehicles and has made a $1.29 billion investment in a new battery manufacturing plant in North Carolina, reinforcing its commitment to sustainable mobility.

On December 6, 2021, Governor Roy Cooper and Mayor Filmore York announced that Toyota Motor North America will establish a $1.29 billion automotive battery manufacturing plant at the Greensboro-Randolph Megasite in North Carolina. The facility, named Toyota Battery Manufacturing, North Carolina (TBMNC), is set to begin operations in 2025 with four production lines, eventually expanding to six, capable of producing batteries for up to 1.2 million vehicles annually. This project is expected to create 1,750 jobs and is part of Toyota's broader goal of achieving carbon neutrality by 2050.

The production of the all-new 2022 Toyota Tundra has officially commenced at Toyota Motor Manufacturing Texas. This marks a significant milestone as the first major model change since 2006, with a focus on advanced capabilities and hybrid technology. An investment of $391 million supports the production, bringing total investments to over $3.1 billion. The Tundra's production capacity is set at 208,000 vehicles annually. Additionally, Toyota has committed $650,000 in community donations to enhance local access to transportation and education.