Welcome to our dedicated page for Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares) news (Ticker: TM), a resource for investors and traders seeking the latest updates and insights on Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares) stock.
Toyota Motor Corporation (NYSE: TM), headquartered in Toyota City, Aichi, Japan, is a global leader in automotive manufacturing. Founded by Kiichiro Toyoda in 1937, Toyota has grown to produce approximately 10 million vehicles annually, positioning itself as one of the world's largest automakers. The company's extensive portfolio includes well-known brands such as Toyota, Lexus, Daihatsu, and Hino trucks. In fiscal 2023, Toyota sold 10.56 million vehicles globally, capturing significant market shares in both Japan and the United States.
Toyota's product lineup spans from traditional gasoline cars to cutting-edge electrified vehicles. The company offers 27 electrified options, including Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs), Fuel Cell Electric Vehicles (FCEVs), and Battery Electric Vehicles (BEVs). As part of its commitment to innovation, Toyota is also involved in manufacturing homes, boats, and has a financing division to support its sales.
Recent Achievements:
- Toyota Motor North America (TMNA) reported a 21.8% increase in March 2024 U.S. sales, with electrified vehicles making up 36.4% of the total sales volume.
- TMNA's sales for the first quarter of 2024 were up by 20.3%, demonstrating strong market performance.
- Toyota's new investments in its U.S. operations include a $1.4 billion expansion to produce a new three-row battery electric SUV and a $1.3 billion investment in Toyota Kentucky for another BEV model.
Toyota has made strategic investments in various companies, including a 3.3% stake in Denso, 20% in Subaru, and shares in Uber Technologies, Joby Aviation, and others, reflecting its forward-thinking approach to mobility.
Current Projects:
- Toyota's Collaborative Safety Research Center (CSRC) is leading 15 new projects focusing on driver behavior, crash avoidance, and injury mitigation.
- The introduction of the all-new 2024 Tacoma with a hybrid powertrain, the 2024 Land Cruiser, and the 2025 Camry, all featuring hybrid technology.
- The establishment of Toyota’s North American Hydrogen Headquarters in Gardena, California, to advance fuel cell technology and hydrogen infrastructure.
- A partnership with the U.S. Department of Energy’s Argonne National Laboratory to develop a direct recycling process for lithium-ion batteries.
Partnerships and Community Engagement:
Toyota's commitment to community and environmental sustainability is evident through its 'Empact' vision, focusing on equitable EV charging and mobility for all. The company is installing high-power 350kW DC fast chargers in underserved communities in California.
For more information, visit www.ToyotaNewsroom.com.
Toyota has achieved a landmark milestone by selling its 50-millionth Corolla, a global automotive icon, first introduced in 1966. The Corolla, now in its 12th generation, continues to be a top seller, known for its reliability and affordability. The 2022 model offers advanced tech, high fuel efficiency of up to 53 MPG, and Toyota Safety Sense features. With over 55 years in production, the Corolla has become integral to many lives, serving as a dependable vehicle across generations.
Toyota will start assembling integrated dual fuel cell (FC) modules at its Kentucky plant in 2023, enhancing its hydrogen-powered technology for heavy-duty commercial trucks. This initiative aims to support the carbon neutrality goals by providing emissions-free options for truck manufacturers. The fuel cell modules, weighing about 1,400 pounds, can deliver 160kW of power and offer over 300 miles of range. The company will showcase this technology at the ACT Expo in Long Beach, CA from Aug. 31 to Sept. 1, 2021.
The Ann Arbor Hands-On Museum has launched STEAM PARK, featuring 23 interactive exhibits created in partnership with Toyota engineers. Opened on August 18, 2021, this gallery aims to inspire visitors of all ages to explore science, technology, engineering, and math through hands-on experiences. Supported by $1.5 million in grants from the Toyota USA Foundation, STEAM PARK includes unique installations like a time switch cuckoo clock and a digital drawing tool. Regular admission is $16 per person, and the museum serves nearly 400,000 visitors annually.
Toyota has unveiled the all-new 2022 GR 86, emphasizing enhanced performance and design for a thrilling driving experience. The coupe boasts a 2.4-liter horizontally opposed four-cylinder engine, increasing horsepower by 18% and torque by 11%. Weighing only 2,811 pounds, it ensures agility and stability. Key features include improved aerodynamics, a choice of manual or automatic transmissions, and advanced safety systems. Pricing is expected to start under $30,000, with availability set for November 2021, alongside a complimentary one-year NASA membership for owners.
On August 11, 2021, Toyota introduced a new feature, Collision Assistance, available through the Toyota and Lexus Owners Apps. This service aids drivers after a collision by providing guided instructions on navigating the post-collision repair process. Developed in partnership with CCC Intelligent Solutions, Collision Assistance integrates accident documentation, claims management, and repair facility searches. This feature aims to enhance customer safety and convenience, offering peace of mind during stressful moments following an accident.
Agillence, Inc. has been selected by Toyota Motor North America (TM) to provide its proprietary optimization software, Agillence Lean Logistics Optimizer (ALLO), aimed at enhancing planning for inbound and service parts logistics networks. This software will help TMNA identify cost-saving opportunities and reduce planning cycle times. The collaboration highlights Agillence's expertise in logistics optimization, utilizing next-generation SaaS solutions to resolve complex supply chain issues.
Toyota Motor Manufacturing Kentucky celebrated a significant milestone by producing its 10 millionth Camry, a testament to the vehicle's popularity in America. This achievement coincides with the plant's 35th anniversary and reflects Toyota's commitment to innovation, showcased in the 2021 Camry SE, featuring Toyota Safety Sense 2.5+. The company has invested over $1.5 billion since 2017 into the plant, which employs approximately 10,000 workers and represents an overall investment of $8 billion. These developments underscore Toyota's robust manufacturing presence in North America.
The Flight of the Monarch Butterfly – The Pollinator Project is set to premiere on several networks, including Discovery and Animal Planet, starting July 25, 2021. The documentary highlights the monarch butterfly's migration and addresses concerns regarding its declining population due to pollution and climate change. With support from the Mexican Minister of Tourism, the program emphasizes Toyota's initiatives, including 17 pollinator gardens, that aim to support the butterflies' habitats and promote conservation efforts across North America.
Toyota Motor North America (TM) has announced the promotion of Brian Kursar to group vice president, Digital Technology, while he continues as Chief Technology Officer. His role will focus on global digital transformation and modernization strategies, emphasizing software, cloud principles, and data-driven culture. Kursar has been with TMNA since 2002, holding various technology positions. He will report to Holly Walters and Zack Hicks.
Toyota has over 14 manufacturing plants in North America and employs more than 47,000 people.
Toyota Motor North America (TM) has introduced a next-generation multimedia system designed to enhance the in-car user experience. Developed in-house by the Connected Technologies group, this system offers multiple touchscreen options, significantly improved processing power, and advanced navigation capabilities. With features like over-the-air updates, a voice-activated Virtual Assistant, and personalized User Profiles, the system aims to provide a seamless, interactive experience for drivers and passengers. Set to debut in late 2021, it reinforces Toyota's commitment to innovation in mobility.
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