Toyota Motor Stock Price, News & Analysis

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.

The 2021 Toyota Mirai has set the GUINNESS WORLD RECORDS title for the longest distance driven by a hydrogen fuel cell electric vehicle without refueling, achieving 845 miles on a single five-minute fill. This record was validated during a two-day roundtrip tour across Southern California on August 23-24, 2021, with an impressive efficiency of 152 MPGe. The feat was monitored by Guinness World Records, showcasing Toyota's advancements in zero-emission technology and commitment to sustainable mobility.

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.