Toyota Motor Stock Price, News & Analysis

Toyota Motor North America (TMNA) reported U.S. September 2021 sales of 152,916 vehicles, down 22.4% compared to September 2020. However, sales of alternative powered vehicles (APVs) reached 42,945, marking a 36% increase and comprising 28.1% of total sales. For Q3 2021, TMNA saw a 1.4% increase in total sales, totaling 566,005 vehicles, with APV sales soaring 62.5% year-over-year. Year-to-date, TMNA reported 1,857,884 vehicles sold, up 29.1%. APV sales for the year reached 450,122, climbing 113.7%.

Toyota launched Manufacturing Month with a video tour of eight U.S. facilities, showcasing the Toyota Production System. The video highlights the company's commitment to advanced manufacturing and aims to inspire students in STEM fields. Senior executives emphasized the skilled workforce involved in vehicle assembly and parts manufacturing. The premiere occurred on October 1, 2021, coinciding with Manufacturing Day, and was streamed on Toyota's social media channels. The company has a significant presence in the U.S., employing over 36,000 people and producing over 30 million vehicles across its plants.

On Sept. 30, 2021, Mazda Toyota Manufacturing (MTM) commenced production of the all-new 2022 Corolla Cross at its Huntsville, Alabama facility, the sole North American site for this model. With an investment totaling $2.311 billion, MTM plans to hire over 1,700 additional employees to reach a workforce of 4,000. The plant has a production capacity of 300,000 vehicles annually. The Corolla line is renowned for its dependability and efficiency, with the new model expected in dealerships by October.

Toyota unveiled the new Tundra TRD Pro for the 2022 NASCAR Camping World Truck Series on September 24, 2021, at Las Vegas Motor Speedway. This marks the first time Toyota will campaign the Tundra TRD Pro, debuting at Daytona International Speedway on February 18, 2022. The new truck reflects Toyota's commitment to racing vehicles that resemble production models. Toyota has achieved significant success in NASCAR, including 200 victories and a strong performance this season. The launch aligns with the introduction of the next generation Tundra models in dealerships.

Vail Resorts and Toyota have formed a multi-year strategic partnership affecting 33 mountain resorts in the U.S. This collaboration aims to enhance guest experiences through various initiatives, including Toyota vehicles for resort operations and new terrain features. Guests can expect innovative activations like the Toyota Banked Slalom course and complimentary valet services. Both companies emphasize safety, sustainability, and community impact, committing to carbon neutrality and contributing to local communities through Vail's EpicPromise platform, which donated $18.3 million during the 2019/20 season.

Clearway Energy Group has signed a virtual power purchase agreement (VPPA) with Toyota Motor North America (TM) to support its 100 MW Wildflower Solar project in Mississippi. Toyota will purchase 80 MW of renewable electricity, replacing high-emission sources in its operations, and aims for net-zero goals. The project is set to begin operations in 2023 and is expected to generate power for approximately 16,500 homes annually. This agreement follows a previous contract for the Black Rock wind farm in West Virginia, enhancing Toyota's renewable energy initiatives.

The 2022 Toyota Tundra is a reengineered full-size pickup truck, emphasizing performance, capability, and advanced technology. It features a new boxed steel ladder frame, multi-link rear suspension, and two engine configurations: a twin-turbo V6 producing 389 horsepower and the hybrid i-FORCE MAX, generating 437 horsepower. Maximum towing capacity is 12,000 pounds, with payload capacity at 1,940 pounds. Key interior upgrades include a panoramic roof, advanced infotainment, and safety features such as Toyota Safety Sense 2.5, standard across all models. Sales begin late 2021, with pricing to be announced.

The 2022 Toyota GR 86 has been chosen as the official pace car for the National Auto Sport Association (NASA) National Championships, taking place at Daytona International Speedway from September 16-19, 2021. The car, featuring a 2.4-liter engine with 228 hp, will lead over 400 competitors during the event. Toyota's partnership with NASA began in 2019, offering GR Supra owners a complimentary membership and instructional track days, which has now expanded to include all GR sports cars. This event showcases Toyota's commitment to motorsports and performance vehicles.