Toyota Motor Stock Price, News & Analysis

Toyota USA Foundation has announced grants of up to $8.6 million to support STEM education in Fulton County Schools (FCS) in Georgia. This five-year initiative, part of Toyota's Driving Possibilities program, aims to prepare students for future STEM careers. The funding will focus on three key areas:

1. Expanding services at Student and Family Engagement (SAFE) Centers
2. Integrating STEM learning with Career, Technical, and Agricultural Education (CTAE) curriculum
3. Providing STEM-specific professional development for educators

The initiative is funded by Toyota USA Foundation, Toyota Motor North America (TMNA), and Toyota Financial Services (TFS). It builds on Toyota's 65-year history of community support across the U.S. and is the company's largest and most comprehensive education program to date.

Toyota Motor North America (TMNA) has announced significant executive leadership changes at TRD, U.S.A. (Toyota Racing Development). David Wilson, the current president of TRD, will retire on December 16 after a 35-year career with the organization. He will be succeeded by Tyler Gibbs, the current General Manager.

Wilson's tenure at TRD has been marked by numerous championships and iconic race wins across various motorsports disciplines. Gibbs, who has been with TRD for 28 years, will take over as president in late December. In his new role, Gibbs will oversee all TRD operations in North America, including engine and chassis engineering, manufacturing, and facilities management.

Toyota has unveiled the 2025 GR Corolla with a new 8-speed GAZOO Racing Direct Automatic Transmission (DAT) option, expanding its appeal to both manual and automatic transmission enthusiasts. Key updates include:

- Increased engine torque from 273 lb.-ft. to 295 lb.-ft.
- Enhanced suspension for improved stability and cornering
- Redesigned front bumper for better cooling and aerodynamics
- New Premium Plus grade with carbon fiber roof and vented hood
- Launch control for DAT models
- Front and rear Torsen -Slip Differentials as standard

The GR Corolla retains its 300 horsepower output and GR-FOUR All-Wheel-Drive system. It will be available in three grades: Core, Premium, and Premium Plus, with deliveries expected in Winter 2024.

Toyota (NYSE:TM) has announced its return as the title sponsor for the 2024 HBCU New York Classic, featuring a football match between Morehouse College and Howard University on September 14, 2024, at MetLife Stadium. This event underscores Toyota's ongoing support for Historically Black Colleges and Universities (HBCUs) and their commitment to education, scholarship, and athletic excellence.

The classic will include a week of activities such as educational workshops, community outreach, and scholarship announcements. Toyota will also showcase its all-new 2025 Camry at the event. The company's involvement aligns with its Driving Possibilities initiative, which focuses on creating innovative educational programs in historically underserved communities near Toyota's U.S. operations.

Toyota has unveiled the 2025 GR86 Hakone Special Edition, a -production sports car with only 860 units available in the U.S. market. This model pays homage to the Hakone Turnpike in Japan and features a striking Ridge Green exterior, bronze wheels, a duck-tail spoiler, and a Hakone badge. Customers have the option of a six-speed manual or automatic transmission, both powered by a 2.4-liter, 4-cylinder boxer engine delivering 228 horsepower and 184 lb.-ft. torque. The vehicle includes Ultrasuede sport seats, a bronze-accented shift knob, and a GR special edition plaque.

Enhanced driving dynamics come from retuned shocks, electric power steering, SACHS dampers, and Brembo brakes. The GR86 Hakone and all 2025 GR86 models will arrive at dealerships in Fall 2024, with pricing announced later this year. Safety features include an active safety suite, standard on all models, and Toyota's Star Safety System™. The car also comes with a complimentary 1-year NASA membership and various connected services.

Toyota Motor North America has published its 2024 Diversity + Inclusion Annual Report, highlighting efforts across the United States, Canada, and Mexico. Key initiatives include employee resource groups, executive engagement, and community outreach. The report emphasizes Toyota's commitment to diversity through various programs, such as D+I Journeys for leadership development and Driving Possibilities for STEM education. Additionally, Toyota awarded over $8 million in grants for pediatric traumatic brain injury care and was ranked #4 on Fair360's Top Companies for Diversity® list for the third consecutive year.

Toyota has joined seven other automakers as an investor and founding partner of IONNA, committing to install at least 30,000 EV charging ports across North America by 2030. This initiative will provide Toyota and Lexus customers access to a growing DC fast charger network supporting both NACS and CCS connectors. IONNA plans to deploy the first batch of charging stations in 2024, aiming to enhance the customer experience with additional amenities. This partnership aligns with Toyota's broader strategy to promote BEVs, with plans to offer 30 BEV models globally by 2030 and produce 3.5 million BEVs annually. Other investors in IONNA include BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis.

Toyota Motor North America and Toyota Financial Services have announced various relief efforts in response to Hurricane Beryl and other recent natural disasters.

Toyota has made significant contributions to The American Red Cross and SBP, aiding in recovery efforts nationwide. Additionally, Toyota is matching donations made by U.S.-based employees to these organizations and other eligible nonprofits.

Toyota Financial Services is providing payment relief options to customers affected in designated disaster areas. This includes extensions, lease deferred payments, redirected billing statements, and phone or online payment arrangements.

Customers impacted by these events are encouraged to contact Toyota Financial Services or Lexus Financial Services for support.

Toyota Motor North America (TMNA) reported its U.S. sales results for June and the first half of 2024. TMNA sold 193,120 vehicles in June, reflecting a 1.2% decrease compared to June 2023. However, electrified vehicle sales soared to 84,781 units, a 64.5% increase, making up 43.9% of total sales. For the second quarter, TMNA reported a 9.2% increase in sales, totaling 621,549 vehicles.

For the first half of 2024, TMNA sold 1,186,647 vehicles, a 14.3% increase from the previous year. Notably, first-half electrified vehicle sales surged by 67.9% to 454,197 units, accounting for 38.3% of total sales. The Toyota division's first half sales rose by 14.7%, while the Lexus division experienced an 11.9% increase, marking its best-ever first half in history with 167,211 units sold.

TMNA currently offers 29 electrified vehicle options, the most among automakers, helping Toyota retain its position as the industry's leading retail brand.