Toyota Motor Stock Price, News & Analysis

Toyota revealed two exciting vehicles for the 2021 Specialty Equipment Market Association (SEMA) event: the 2021 GR Supra Sport Top and the TRD-Sport Trailer. The Sport Top honors the legacy of the MKIV Supra with a removable roof and enhanced structural integrity. Meanwhile, the TRD-Sport Trailer, designed for overlanding, features a remote-operated scissor-lift, tent, and multiple amenities for outdoor adventures. These new creations follow the unveiling of four vehicles in a previous showcase in November, maintaining Toyota's engagement with automotive enthusiasts.

Toyota has unveiled the all-new 2021 Mirai, a premium rear-wheel drive fuel-cell electric vehicle (FCEV) with a 30% increased EPA-estimated range of 402 miles. The Mirai, which means 'future' in Japanese, features a striking design, advanced technology, and enhanced driving performance compared to its predecessor. Built on the GA-L platform, the new model offers a spacious five-seat cabin, improved weight distribution, and is equipped with Toyota Safety Sense 2.5+. With a starting MSRP of $49,500 for the XLE grade, the 2021 Mirai aims to broaden its market appeal while maintaining Toyota's leadership in electrification.

Toyota Motor North America has released its 2020 Environmental Report, highlighting significant efforts in sustainability. The company achieved a 9% reduction in absolute greenhouse gas emissions compared to 2019, driven by energy efficiency and renewable energy investments. New electrified products such as the 2021 Toyota Mirai and RAV4 Prime are set to expand the company’s offering. Water stewardship initiatives are in progress in Mexico and the U.S. Toyota's ongoing commitment aligns with its Environmental Challenge 2050 to address critical global environmental issues.

Toyota Motor North America (TM) announced significant executive changes effective January 4, 2021. Toshio Niimi is appointed executive vice president, overseeing production engineering and manufacturing across North America. Key promotions include Lisa Materazzo to group vice president of Toyota Marketing and Tom Stricker to group vice president of Sustainability and Regulatory Affairs. Edward Mantey and John Kennelly will retire on January 29, 2021, after over 29 and 16 years of service, respectively. These transformations aim to enhance operational efficiency and drive Toyota's next-generation mobility initiatives.

On Dec. 10, 2020, Toyota announced advancements in its fuel cell electric technology, now powering new Class 8 heavy-duty trucks. Utilizing the same system as the 2021 Mirai sedan, these prototype trucks will operate at the ports of L.A. and Long Beach for performance validation. The trucks feature enhanced hydrogen storage and a powerful lithium-ion battery, achieving over 300 miles of range at a full load of 80,000 lbs. This initiative supports Toyota's Environmental Challenge 2050, aiming for zero CO2 emissions and reducing pollution in port areas.

The first two fuel cell electric heavy-duty Class 8 trucks from the ZANZEFF project are set for delivery at the Ports of Los Angeles and Long Beach this month. Sponsored by the state of California, these trucks, powered by Toyota's fuel cell electric drivetrain, will be used for drayage operations. An additional eight trucks are scheduled for delivery in 2021. This project, part of a $41 million grant by the California Air Resources Board, aims to reduce greenhouse gas emissions and support the development of zero-emission freight technology.

Toyota Motor North America is enhancing its support for the Olympic and Paralympic Winter Games Beijing 2022 by welcoming four new winter athletes to Team Toyota: Erin Jackson, Chris Mazdzer, Andrew Kurka, and Olympic hopeful Alysa Liu. This initiative continues Toyota's commitment to athletes through its "Start Your Impossible" campaign, fostering the idea that mobility unlocks potential. The athletes join a prestigious roster, and Toyota emphasizes its dedication to breaking barriers in sports and mobility.

Toyota Motor North America announced support for over 25 nonprofit organizations with $700,000 in grants this Giving Tuesday, aimed at uplifting communities during the holiday season. These grants will provide basic needs, holiday gifts, and educational supplies. Sean Suggs, group VP, stated that the initiative aims to aid families in need and support frontline responders. The grants will benefit organizations like food banks, homeless shelters, and educational resources, impacting various causes across Toyota's U.S. facilities.