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 (TM) reports developments for a global automaker whose American depositary shares represent ordinary shares of the Japanese parent company. Recurring updates cover Toyota and Lexus vehicle sales, electrified-vehicle lineups, new model campaigns such as RAV4, and product categories that include hybrid, plug-in hybrid, all-electric and hydrogen fuel cell technologies.
Company news also includes Toyota Motor North America activity, U.S. manufacturing investments, sustainability and regulatory leadership changes, and commercialization work for Toyota Hydrogen Solutions. Brand partnerships and marketing programs appear alongside operating updates tied to vehicle demand, production capacity, and corporate governance.
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.
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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.