Toyota Motor Stock Price, News & Analysis

Toyota Motor North America (TM) reported impressive U.S. sales for March 2021, with 253,783 vehicles sold, marking an 87% increase year-over-year. For Q1 2021, TMNA's sales reached 603,066 vehicles, a 21.6% rise. The Toyota division sold 220,597 vehicles in March (up 83.6%), while Lexus sales were at 33,186 (up 112.9%). Alternative Power Vehicles (APV) saw a notable increase, with March sales climbing 290.7% to 60,133 units. TMNA plans to introduce 25 new or refreshed vehicles over the next 16 months, aiming to enhance its hybrid and electric offerings.

Toyota announced the winners of the annual Toyota Dream Car USA Art Contest, showcasing artwork that envisions the future of mobility. Nine young artists were selected, with Jiawei (Jery) Chen from Florida receiving the inaugural Petersen Prestige Award for her innovative design titled 'Fly Higher with Toyota'. The contest aims to inspire creativity and engage youth in discussions about sustainable transportation. Over the years, nearly 90 countries have participated in similar contests, emphasizing Toyota's commitment to fostering future mobility.

On March 23, 2021, Toyota launched the Toyota for Families digital toolkit aimed at simplifying child car seat installations. This initiative stemmed from a discussion between engineers Jennifer Pelky and Lindsay Babian, both mothers, who recognized the confusion surrounding car seat setups. The toolkit provides step-by-step video instructions tailored to specific Toyota vehicles, enhancing child safety in cars. Despite significant advances in car seat technology, over half are still installed incorrectly, prompting Toyota's commitment to reduce these errors through accessible resources.

The program "Powering the Nation - Hydrogen Fuel Cells - the Clean Transportation Alternative" will air on March 26 at 7 p.m. EDT on Science Channel and MotorTrend TV, and again on March 27 at 8 a.m. EDT on Discovery. Featuring insights into hydrogen fuel technology and its potential applications in zero-emission vehicles and beyond, the program emphasizes collaboration among states, manufacturers, and energy companies. Toyota advocates for hydrogen fuel cells as part of its broader sustainability efforts, which also include hybrid and battery electric vehicles.

Toyota's Georgetown, Kentucky plant celebrates a significant milestone with the assembly of its 13 millionth vehicle, a RAV4 Hybrid, highlighting ongoing investments of over $1.5 billion in production since 2017. The plant, which employs over 10,000 workers, is part of Toyota's broader $13 billion investment plan in North America. As the leading alternative fuel vehicle manufacturer in the U.S., Toyota aims for 40% of its new vehicle sales to be electrified by 2025. Additionally, a $1.3 million commitment to STEM education reflects its community engagement.

Toyota North America initiated a grassroot employee-led fund to tackle disparities in local communities, granting $475,000 to 48 nonprofits across 17 communities. The funds focus on critical needs such as food insecurity and healthcare access. Sandra Phillips Rogers stated, "This initiative brought us together, providing a collective voice for good on issues that affect us all." Beneficiaries like YWCA Charleston will utilize these grants for training and outreach programs to combat racism and empower women.

Toyota Motor North America (TM) announced a $1 million relief effort for Texans impacted by Winter Storm Uri. This initiative aims to support both customers and local non-profits across Texas. Key allocations include $450,000 to United Way of Metropolitan Dallas, $200,000 to the Let's Help SA Fund in San Antonio, and additional funds for food banks and shelters in Houston. Toyota also offers payment relief options for affected customers and will match employee contributions to non-profits up to $10,000, emphasizing its commitment to the local community amidst recovery efforts.

Toyota Motor Manufacturing West Virginia (TMMWV) will invest $210 million to enhance engine production, adding 100 new jobs and boosting capacity for four-cylinder engines. This initiative brings TMMWV's total investment to over $1.8 billion, employing more than 2,000 workers. The upgrade will accommodate increased demand for RAV4 engines, producing an additional 5,900 engines monthly. The project is set for completion in the second half of 2022, demonstrating Toyota's commitment to the local economy and workforce.