Toyota Motor Stock Price, News & Analysis

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.

Toyota Motor North America (TM) will launch three new electrified models in the U.S. market in 2021, including two battery electric vehicles (BEVs) and one plug-in hybrid electric vehicle (PHEV). With a 40% market share in alternative fuel vehicles, Toyota aims for 25% of new vehicle sales to be electrified by 2025, increasing to nearly 70% by 2030. They emphasize customer choices in powertrains and have made significant strides in reducing greenhouse gas emissions. Furthermore, they are developing a dedicated BEV platform called e-TNGA to support their environmental commitments.

Toyota Motor North America (TM) celebrates a major milestone with the production of its 30 millionth U.S.-assembled vehicle at the Indiana plant, specifically the all-new 2021 Toyota Sienna minivan. This achievement underscores Toyota's long-standing commitment to U.S. operations, which date back to 1986. The company pledged $13 billion in investments from 2017 to 2021, creating over 6,500 jobs and enhancing production capabilities. With nearly 4 million alternative-powered vehicles sold, TM has led in this market for 21 years, showcasing a steady increase in hybrid sales.

Toyota was awarded the most patents among automakers in 2020, securing a total of 2,819 patents, a 4% increase from 2019. This achievement underscores Toyota's commitment to innovation as it transitions into a mobility company. Since 2003, the company has received over 1,400 patents related to autonomous vehicle technology, with more than $1 million invested in emerging technology every hour globally. Over $1 billion has been allocated to R&D for automated vehicles and robotics since 2017, highlighting Toyota's robust research and development pipeline.

Toyota Motor North America (TM) will air a 60-second ad titled "Upstream" during the Big Game, featuring U.S. Paralympian Jessica Long. The ad highlights Long's inspiring journey, emphasizing themes of hope and resilience. It showcases her upbringing and achievements in swimming, reflecting Toyota's commitment to athletes. Alongside the ad, a five-second message will promote social responsibility and adherence to CDC COVID-19 guidelines. This campaign aligns with Toyota's values and aims to inspire viewers while enhancing community awareness.

On February 2, 2021, Toyota and local partners launched the Lil' Abundance campaign to combat childhood food insecurity in Philadelphia, where over 32% of children face hunger. The initiative aims to provide over 345,000 meals through Philabundance's BackPack Program, which delivers 24 meals per backpack to children in need. The program has pivoted to distribute food via community centers due to COVID-19. With increased demand and a 60% rise in food insecurity, this campaign is crucial for supporting children and their families in the area.

Toyota Motor North America (TM) launched the enhanced SmartPath retail experience, providing customers with flexible options for purchasing vehicles online or in-store. Initially piloted in 2019, SmartPath integrates dealership services with online capabilities, allowing customers to complete their car buying journey seamlessly. The platform responds to rising demand for digital transactions, accelerated by COVID-19. Over 50 dealerships are already implementing SmartPath, with plans for additional launches throughout 2021, enhancing customer transparency and control over the purchasing process.