Toyota Motor Stock Price, News & Analysis

The Toyota Dream Car USA Art Contest opens for submissions on November 16, 2020, inviting U.S. youth aged 4-15 to share their artwork until January 31, 2021. This contest, now in its 10th year, encourages creativity around the theme of environmental protection. Participants are judged in three categories based on uniqueness and artistic execution. The contest has seen participation from nearly 90 countries since its inception in 2004. Detailed rules and guidelines are available at www.ToyotaDreamCarUSA.com.

Toyota's 2021 RAV4 TRD Off-Road was awarded as the Compact SUV of Texas for the second consecutive year during the Texas Truck Rodeo hosted by the Texas Auto Writers Association (TAWA).

The vehicle is praised for its off-road performance, featuring TRD-tuned suspension and a robust design, capable of towing up to 3,500 pounds. Among 39 evaluated models, the RAV4 TRD stood out, demonstrating impressive capabilities.

Other Toyota vehicles, including the 4Runner TRD Pro and Tacoma Trail Special Edition, were also finalists in their categories.

Toyota Motor North America (TM) announced the retirement of Edward Laukes, group vice president of Toyota Division Marketing, effective January 4, 2021. Laukes has been with the company since 1989, holding key positions in marketing and integrated operations. His leadership significantly impacted Toyota's brand perception in terms of safety, quality, and reliability and contributed to 29 NASCAR championships since 2007. A successor for Laukes will be named later. Toyota continues to commit to sustainable mobility and operates over 1,800 dealerships across North America.

Toyota, showcasing its commitment to the Specialty Equipment Market Association (SEMA), unveiled new models at the SEMA360 Showcase from Nov. 2-6, 2020, including three Supras and an overlanding concept. The company aims to celebrate performance both on and off-road, featuring builds like the Overland-Ready Tacoma and artistically enhanced GR Supra models. Toyota's ongoing dedication reflects their resilience in the face of the year's challenges, engaging enthusiasts with innovative designs and experiences.

Toyota has announced its partnership with the new NASCAR team 23XI Racing, co-owned by Michael Jordan and Denny Hamlin. The team will debut at the Daytona 500 in 2021, featuring Bubba Wallace as the driver of the No. 23 Toyota Camry. Toyota Racing Development will provide engines, technology, and technical support. Joe Gibbs Racing will assist with chassis and services. The collaboration aims to leverage the expertise and resources of both Toyota and JGR to achieve competitive success in NASCAR.

The 2021 Toyota Sienna, redefined with an all-hybrid powertrain, boasts improved style, safety, comfort, and fuel efficiency. Designed in the U.S., it includes features like kick-open doors, four-zone climate control, and advanced safety systems. The Sienna's robust design enhances its versatility for various lifestyles, with a towing capacity of 3,500 pounds. Notably, it offers an innovative, spacious interior and an optional all-wheel-drive system. The Sienna's hybrid powertrain delivers 245 horsepower and an EPA-estimated 36 MPG, ensuring efficient performance.

Toyota Motor North America (TM) announces significant changes in its Supply Chain Management (SCM) operations effective October 26, 2020. Randy Pflughaupt, a 38-year veteran, is retiring, with Keith Robertson promoted to group vice president of SCM. Robertson will oversee North America's vehicle supply chain, including demand and supply management and logistics. This transition aims for continuity and growth in operations, with Chris Nielsen affirming the strategic importance of these changes for future success.

On October 5, 2020, Hino Trucks and Toyota Motor North America announced a partnership to develop a Class 8 fuel cell electric truck (FCET) for the North American market. This collaboration combines Hino's XL Series chassis with Toyota's advanced fuel cell technology, aiming to produce a zero-emission vehicle that offers heavy-duty capabilities. The initiative builds on their previous work for the Japanese market. Both companies emphasize the vehicle's benefits, including an extended range and quieter operation, contributing to sustainable transportation solutions.

Toyota Motor North America (TM) and Hino Trucks have entered a partnership to develop a Class 8 fuel cell electric truck (FCET) aimed at the North American market. This collaboration leverages Hino's XL Series chassis combined with Toyota's advanced fuel cell technology, promising a zero-emission vehicle that combines durability and performance. The first demonstration vehicle is anticipated in early 2021. This initiative also builds on prior efforts to create a similar vehicle for Japan, marking a significant step towards sustainable transport solutions.