Welcome to our dedicated page for Toyota Motor news (Ticker: TM), a resource for investors and traders seeking the latest updates and insights on Toyota Motor stock.
Toyota Motor Corporation (NYSE: TM) maintains its position as a global automotive leader through continuous innovation and strategic market leadership. This dedicated news hub provides investors and industry observers with essential updates on corporate developments, financial milestones, and technological advancements.
Access real-time updates on TM's earnings reports, product launches, and sustainability initiatives. Our curated collection includes official press releases detailing manufacturing expansions, partnership agreements, and safety innovations across Toyota's global operations.
Key coverage areas include quarterly financial disclosures, leadership updates, production facility developments, and advancements in hybrid/electric vehicle technology. Bookmark this page for streamlined access to TM's latest strategic moves within the competitive automotive sector.
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.
On September 9, 2021, Toyota announced the launch of the 2022 Corolla Cross, a new compact SUV based on the popular Corolla sedan. Priced from $22,195, the Corolla Cross will be assembled in Huntsville, Alabama, with a projected annual capacity of 150,000 vehicles. The model features a 169-horsepower engine and offers FWD and AWD options, achieving up to 32 MPG combined. It boasts a spacious interior and advanced safety features, including Toyota Safety Sense 2.0. The Corolla Cross will be available in three trims: L, LE, and XLE.
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.