|Bid||2,051.00 x 0|
|Ask||2,053.00 x 0|
|Day's range||2,030.00 - 2,057.50|
|52-week range||1,764.00 - 2,216.50|
|Beta (5Y monthly)||0.54|
|PE ratio (TTM)||11.27|
|Earnings date||02 Aug 2023 - 07 Aug 2023|
|Forward dividend & yield||60.00 (2.96%)|
|Ex-dividend date||30 Mar 2023|
|1y target est||2,229.70|
MEXICO CITY (Reuters) -Japanese carmaker Toyota will invest $328 million more in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. "The new version of the 'Mexican pickup' will be hybrid electric, which means Guanajuato will now form part of the company's electrification production strategy," Toyota said in a statement. Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant, it added, saying the factory provides more than 2,500 jobs.
Today's Research Daily features new research reports on 16 major stocks, including Cisco Systems, Inc. (CSCO), Toyota Motor Corporation (TM) and Verizon Communications Inc. (VZ).
Motoring insiders tell us which models to choose, based on price, reliability, running costs and more
Two of the largest U.S. public pension funds have voted against the re-election of Toyota Motor Corp Chairman Akio Toyoda, shareholder voting records showed, sharpening the focus on the automaker's annual meeting later this month. The California Public Employees' Retirement System (CalPERS) and the Office of the New York City Comptroller also voted for a resolution urging Toyota to improve disclosure of its lobbying on climate change, according to postings by the funds. One, Glass Lewis, recommended shareholders vote against re-electing Toyoda, citing what it said was his responsibility for the lack of a sufficiently independent board.
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Toyota's (TM) investment in a cutting-edge battery factory along with plans to introduce a US-assembled electric SUV marks a significant step in its EV strategy.
The automaker also said its first U.S.-made battery electric sports utility vehicles (SUVs) will be assembled at the company's Kentucky plant from 2025. The new SUVs, with three rows of seats, will be powered by batteries from the North Carolina plant once it begins production in 2025. Toyota's latest investment in the battery plant brings the total to $5.9 billion.
The 100-hour drive of a Toyota RAV4 is a new world record, startup says
Toyota (TM) and Daimler announce a preliminary deal to combine their Japanese truck operations.
Toyota Motor Corp said on Wednesday that information on customers in some countries in Oceania and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023. Customer information that may have been accessible externally included names, addresses, phone numbers, email addresses, and vehicle identification and registration numbers, the company said. The world's largest automaker by sales said the latest issue was discovered when it launched a broad investigation into cloud environments managed by Toyota Connected Corp after the earlier incident.
China was the biggest market for Tesla's Model Y electric sport utility vehicles, helping it become the world's top selling vehicle in the first quarter of this year, according to data from market research firm JATO shared with Reuters. Elon Musk on Tuesday visited China for the first time in three years, highlighting the importance of the world's biggest electric market. Tesla sold 267,171 Model Ys in the first quarter of this year, of which 94,469 were sold in China, higher than 83,664 in the United States and 71,114 in Europe, according the data.
Yahoo Finance automotive reporter Pras Subramanian discusses Tesla's Model Y becoming the world's first best-selling EV car, beating Toyota's Corolla, as well as Toyota vehicles popularity.
According to a new report, Tesla scored a huge milestone on its path to ramping up global EV adoption — though the electric vehicle maker may have paid a big price for it.
Daimler Truck Holding AG and Toyota Motor Corp have struck a preliminary deal to combine their truck units in Japan, the companies said on Tuesday. Under the memorandum of understanding (MOU), the businesses of Daimler-owned Mitsubishi Fuso Truck and Bus Corp and Toyota subsidiary Hino Motors Ltd would be combined under a holding company, they said in a statement. The shares of the new company are expected to be listed on the Tokyo Stock Exchange's prime market.
Toyota Motor Corp's global sales rose by nearly 5% in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China.
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TOKYO (Reuters) -Proxy adviser Institutional Shareholder Services (ISS) has recommended that shareholders of Toyota Motor Corp vote in favour of a resolution urging the automaker to improve disclosure of its lobbying related to climate change. ISS in a report also regarded three of Toyota's four outside director nominees as not independent. Toyota said all candidates met the Tokyo Stock Exchange's independence criteria.
TOKYO (Reuters) -Proxy adviser Glass Lewis has recommended that shareholders of Toyota Motor Corp vote against the re-election of Chairman Akio Toyoda as a board director at an upcoming meeting, citing his responsibility for the lack of a sufficiently independent board. Glass Lewis made the recommendation against the chairman of Japan's largest company by market capitalisation at a time when board independence has been under greater scrutiny from investors. The U.S.-based proxy adviser said only three of Toyota's 10 board nominees are deemed independent according to its classification, short of the proxy adviser's requirement that at least one-third of directors be independent.
Ford Motor Co CEO Jim Farley said on Thursday Chinese electric vehicle makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale. "I think we see the Chinese as the main competitor, not GM or Toyota," Farley said at the Morgan Stanley Sustainable Finance Summit. "The Chinese are going to be the powerhouse."
AutoZone, Carvana, Ford, Toyota and Penske have been highlighted in this Market Edge article.
Automakers, including Toyota and Volkswagen, should decarbonise their steel supply and cut back on the material's consumption by reducing the size of vehicle models, Greenpeace said on Thursday. The world's 16 biggest automakers consumed 40 to 67 million tonnes of steel in 2021, Greenpeace said, estimating that the carbon footprint of the steel materials these car manufacturers used could have been at least 77 million tonnes of carbon dioxide (CO2) in that year.
The auto industry is at a crossroads after 3 years of red-hot sales, supply chain disruptions and regulatory pressures
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Yahoo Finance automotive reporter Pras Subramanian discusses Toyota unveiling its new 2024 Tacoma, details on the vehicle, and the EV transformation in the auto industry.
The Toyota Tacoma, the mid-size pickup king here in the US, is getting a total redesign and will be all new for the 2024 model year. The current-gen Tacoma, which has been out since 2015 and very similar to its predecessor that debuted in 2003, is nearly 20 years old - an astoundingly long period in an automotive world where cars and trucks are generally given a 7-year lifecycle. The fact that the Tacoma was so popular for so long is a testament to its strength in the segment.