|Bid||116.24 x 1300|
|Ask||121.03 x 1000|
|Day's range||118.04 - 118.88|
|52-week range||111.12 - 137.56|
|Beta (3Y monthly)||0.71|
|PE ratio (TTM)||7.25|
|Forward dividend & yield||3.52 (2.85%)|
|1y target est||148.85|
Louay Eldada, a co-founder and chief executive of Quanergy Systems Inc., a startup company now valued at about $2 billion, is a bit fed up with Tesla’s Elon Musk.
The U.S. is threatening to raise auto tariffs and seeking more access to Japan’s agricultural market. The two countries won’t reach a trade deal before Trump and Abe meet on Monday, Japan Economy Minister Toshimitsu Motegi said Saturday following talks with his U.S. counterpart.
TOKYO (AP) — When President Donald Trump visits Japan, he'll be able to point to Tokyo's streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles.
Toyota Motor's Japan Taxi, born in a government committee and designed to be an all-things-to-all-people cab, has become a high-priced icon of Tokyo's budget-busting 2020 Olympic and Paralympic Games. Launched in 2017, the indigo car is the realisation of a government project to put a taxi on Japan's roads that could carry wheelchair users, luggage-laden travellers and foreign visitors of all sizes. It includes a wheelchair ramp, heated seats, smartphone chargers, an array of anti-collision sensors and even virus-killing air conditioning.
Although the comments are unusually strong, the source of them is no surprise: Toyota President Akio Toyoda is also chairman of JAMA, the influential trade group. “We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the U.S. are not welcomed,” Toyoda said in a statement Tuesday. The unusually sharp-worded statements reflect rising concern on the part of Japan’s all-important auto sector ahead of Trump’s state visit later this week.
Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. The technology transfers represent gestures of goodwill to Beijing by the Japanese automaker, which wants to "step on the accelerator in China" as CEO Akio Toyoda told an internal management group, according to minutes of meetings on March 19 and April 23 viewed by Reuters. Announcing U.S. investment first was a strategy Toyoda felt the company needed to pursue to avoid U.S. President Donald Trump's wrath, the minutes showed - providing a rare window into how it has sought to tread carefully as the United States and China battle for investment, jobs and influence in the global economy.
The U.S. Commerce Department called automotive imports a threat to national security—a decision that gives President Donald Trump the right to “adjust” imports.
Japan's automakers' lobby said on Tuesday it was dismayed by President Donald Trump's declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a possible rise in U.S. tariffs. Trump made the unprecedented designation of foreign vehicles on Friday but delayed for up to six months a decision on whether to impose tariffs to allow for more time for trade talks with Japan and the European Union. "We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the United States are not welcomed," said Akio Toyoda, chairman of the Japan Automobile Manufacturers Association.
Toyota had raised the amount of each debt issuance by about 10 billion yen ($91 million) to 30 billion yen for the five year, and 20 billion yen for the 10 year. The failed bond sale is the latest sign of trouble in Japan’s over 70 trillion yen company note market. Bloomberg reported in October that underwriters in Japan failed to fully sell at least 29% of corporate debt offerings in September, twice the average over six months, based on interviews with investors, underwriters and issuers.
WASHINGTON (Reuters) - Toyota Motor Corp on Friday criticized U.S. President Donald Trump's decision to declare some auto sector imports a national security threat, saying it sends a message to the Japanese ...
Trump earlier Friday agreed with the conclusions of his Commerce Department, which investigated imports of vehicles and auto parts and found they harm national security by having led to a declining market share for “American-owned” carmakers since the 1980s. The White House set a 180-day deadline for negotiating deals with Japan, the European Union and other major auto exporters.
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from auto imports.
Here, we analyze the performance of certain ETFs with exposure to some major U.S. Automobiles industry players post their earnings releases.
The U.S. government is withdrawing a proposal to require all passenger vehicles to have safety systems to prevent unintended acceleration. It was proposed by the National Highway Traffic Safety Administration in 2012 after a series of unintended acceleration problems with Toyota vehicles. The agency says all 2018 passenger vehicles have systems that override the throttle if a driver presses the gas and brakes at the same time, and it doesn't expect any automakers to remove the brake-throttle override system in the future.
The Trump administration said Monday it will drop rules first proposed in 2012 that would have required automakers to install brake-throttle override systems to prevent runaway vehicles. The regulation was proposed by the National Highway Traffic Safety Administration (NHTSA) in response to a series of unintended sudden acceleration incidents in Toyota Motor Corp vehicles. The proposal was aimed at ensuring the driver could halt a vehicle by applying the brakes if a throttle pedal was trapped by a floor mat, shoe or other obstruction.
Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport. According to Reuters calculations, Bosch would only need a tenth of the platinum used in current fuel cell vehicles. Hopes of reviving demand and prices of platinum increasingly hinges on widespread uptake of fuel cells in vehicles, ships and trains to make up for dwindling amounts used in each device, analysts say.
Vehicles sales in China, the world's largest auto market, fell 14.6% in April from the same month a year earlier, the country's biggest auto industry association said on Monday, marking the 10th consecutive month of decline. Sales fell to 1.98 million vehicles, said the China Association of Automobile Manufacturers (CAAM). Automakers have been lowering prices in China after the government introduced tax cuts to spur consumer spending.
We see the most hotly anticipated U.S.-based IPO in 7 years, new economic data, and -- oh yeah -- a new stage to the U.S.-China trade war.
Honda's (HMC) fall in operating profit is due to adverse foreign currency effects, and impact of changes in automobile production network and capability on Europe. Toyota's (TM) Q4 earnings miss.