Toyota Motor Stock Price, News & Analysis

Toyota's all-new 2022 Tundra has been awarded the title "Truck of Texas" by the Texas Auto Writers Association at the Texas Truck Rodeo. Built on a new chassis with a maximum tow rating of 12,000 pounds, it features two powertrains: the i-FORCE 3.5L twin-turbo V6 and the hybrid i-FORCE MAX, which delivers 437 hp and 583 lb.-ft. of torque. The Tundra, recognized for its off-road capabilities and innovative towing technology, will be available in December 2021. TAWA members praised its impressive performance during evaluations of numerous new trucks.

Toyota has announced a significant $461 million investment in its Georgetown, Kentucky plant (TMMK) aimed at enhancing operations and meeting changing customer demands. This investment focuses on facility upgrades, expanding powertrain capabilities with a new 2.4-liter turbo engine line, and implementing a direct hire program for 1,400 workers. The changes will support vehicle production flexibility and future electrification efforts. With a total planned investment exceeding $8.5 billion by 2025, TMMK is positioned to strengthen its North American footprint amidst increasing competition.

Toyota has unveiled the all-new 2022 GR86, featuring a powerful 2.4-liter engine with 228 hp and 184 lb-ft of torque, offering nearly 18% more horsepower and improved performance. The GR86 starts at an MSRP of $27,700 and will be available at dealerships in December. With a focus on affordability, the GR86 comes in two grades—GR86 and GR86 Premium—and boasts enhanced technology, a driver-focused design, and a lightweight body structure. The new model promises improved driving dynamics and fuel efficiency, making it a compelling sports car option.

The Toyota Dream Car USA Art Contest invites youth ages 4-15 to submit their artwork envisioning future cars from November 1, 2021, to January 31, 2022. Judged by uniqueness and artistry, participants can win cash prizes in three age categories. The Petersen Automotive Museum will also present its Petersen Prestige Award, showcasing the winning artworks. This contest, part of a broader initiative since 2004, encourages creativity and innovation in mobility among children across the U.S. Visit www.ToyotaDreamCarUSA.com for more information.

Toyota Motor North America is accelerating its commitment to carbon neutrality by aiming to power its manufacturing plants with 100% renewable energy by 2035. With support from the Biden Administration, Toyota is exploring Virtual Power Purchase Agreements (VPPAs) to cut emissions by up to 40% within three years. A new program titled 'The Power of Solar & Wind – The Road to Carbon Neutrality' will air on October 23, showcasing these initiatives. This move reflects Toyota's goal of reducing its environmental impact and leading the automotive industry in sustainability.

Toyota Motor Manufacturing Alabama announced the launch of its new twin-turbo V6 engine production for the 2022 Tundra during an event on October 18, 2021. This marks a $288 million investment, creating 450 jobs and increasing total employment to 1,800. The project, part of a $1.2 billion cumulative investment, signals growth in engine production capacity to 900,000 engines annually. The engines will be produced on North America's longest engine line, producing one every 58 seconds. The 2022 Tundra is set to go on sale later this year.

Toyota Motor North America (NYSE: TM) has partnered with Acxiom to develop a new Data Onboarding and Activation Platform (DOAP) aimed at enhancing customer experiences through data-driven strategies. This platform replaces traditional Data Management Platforms (DMP) with a focus on first-party data, complying with industry privacy standards. It enables both Toyota and Lexus to coordinate customer interactions across multiple channels effectively. The collaboration aims to optimize marketing efforts, improve analytics, and strengthen customer relations in a cookie-less digital landscape.

Toyota announced a $3.4 billion investment in automotive battery production in the U.S. by 2030. This investment supports the localization of battery manufacturing for electric vehicles and is part of a broader $13.5 billion global initiative. The establishment of a new company and battery plant is set to create 1,750 jobs and begin operations in 2025. Toyota aims to increase its electrified vehicle sales to 70% of U.S. sales by 2030, contributing to carbon neutrality and sustainable mobility.

Toyota announced that Torrence Racing will join Team Toyota for the 2022 NHRA Camping World Drag Racing Series season. This partnership expands Toyota's involvement to five Top Fuel dragsters and two Funny Cars. Torrence Racing, led by Steve and Billy Torrence, has achieved significant success, including 49 career victories and three championships. Steve currently leads the points standings, while Billy ranks fifth. Toyota supports its teams with advanced technology and resources through TRD, enhancing their competitive edge in the racing series.