Toyota Motor Stock Price, News & Analysis

On August 31, 2021, RDS Logistics Group announced the deployment of a new fleet of seven electric terminal yard hostlers at the Toyota Ontario Parts Center. This initiative is part of RDS's effort to support sustainability and reduce emissions. The deployment is significant as it marks the first electric vehicle introduction at the Ontario facility since 1997. RDS is also constructing a new greenfield facility aimed at utilizing self-generated solar power and electric handling equipment, aligning with Toyota's sustainability goals for 2035 and 2050.

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.