|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6,880.00 - 6,916.00|
|52-week range||6,880.00 - 723,728.00|
|Beta (3Y monthly)||-6.95|
|PE ratio (TTM)||10.51|
|Forward dividend & yield||220.00 (3.24%)|
|1y target est||N/A|
With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters. Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters. The sales declines have triggered major job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts.
Japan Inc is caught in the crossfire of the trade war between the United States and China, as a resurgent yen threatens to sap profits and complicate the economic outlook. Worsening trade friction between the world's two largest economies has reduced investor appetite for risk and boosted assets perceived to be safer bets, such as gold and the yen . Japan's currency is now near its firmest level in eight months against the U.S. dollar, and exporters in the world's third-largest economy are preparing for pain.
The two companies announced a partnership today to collaborate on research anddevelopment that will use Toyota's Human Support Robot (HSR) roboticsplatform
Toyota Motor Corp has designs on making robot helpers for your home, and has enlisted a Japanese startup that specialises in artificial intelligence to jump-start its plan. Japan's biggest automaker and Tokyo-based Preferred Networks Inc will carry out joint research to develop so-called service robots that are "capable of learning in typical living environments", the companies said in statements on Wednesday. Eighty-year-old manufacturing giant Toyota is trying to transform itself and adapt to technology, such as ride-hailing and automated driving, that is disrupting the auto industry.
Toyota’s reign as the ruler of hybrid cars is being contested by ever-growing competition. The Japanese company thinks it can use solar panels to regain its edge. The Toyota (TM)(JP:7203) Prius, the first mass-produced hybrid vehicle, has been going through a six-year losing streak, with sales falling behind the likes of the Ford (F) Fusion, a car likely to be retired by its manufacturer in the next few years.
Toyota Motor Corp lowered its annual profit forecast while Honda Motor Co turned in a double-digit decline in quarterly earnings as a resurgent yen hurt two of Japan's biggest automakers. The quarterly earnings unveiled on Friday by Japan's biggest and third-biggest automakers highlight how "safe-haven" demand for the currency - buoyed by global uncertainties and falling U.S. interest rates - could eat into profits at Japanese exporters in the months to come. A strengthening yen hurts Japanese automakers as cars exported from Japan become more expensive, while it also decreases the value of earnings made overseas.
Australian lawyers filed a class action lawsuit against Toyota Motor Corp's local unit on Thursday, claiming some models of the carmaker's top-selling vehicles Hilux, Prado and Fortuner were fitted with defective parts. According to a statement on its website, Banister Law, together with Gilbert + Tobin, filed the suit in the Federal Court alleging some vehicles were fitted with defective diesel particulate filters meant to trap and burn soot from the engine. "The affected vehicles ... require time consuming and costly repairs, including repeated vehicle servicing and repeated replacement of the (diesel filters) in its entirety," Bannister Law said in the statement.
(Bloomberg) -- Everywhere you turn in the transportation industry these days, Toyota Motor Corp. seems to already be there.From batteries and self-driving vehicles to lunar rovers and ride-hailing companies, the world’s second-biggest automaker is on an investment spree, pouring more than $3 billion into deals and partnerships in recent years. Toyota, which reports first-quarter results Friday, is placing bets across the board, mimicking technology investors like SoftBank Group Corp.Toyota, Volkswagen AG and other carmakers face an uncertain future as new technologies and business models ripple through the $2.23 trillion global auto industry. Uber Technologies Inc. has made younger buyers less interested in owning and driving cars, and Tesla Inc.’s success with electric vehicles has spurred bigger rivals to counter with their own products. All told, car sales will be only slightly higher in 2030, while new spending on mobility services will total $1.34 trillion, Accenture predicts.“They are developing by far the most diverse lineup of different mobility products, from personal mobility to luxury cars and various types of shared mobility and commercial vehicles,” said Janet Lewis, an analyst at Macquarie Capital Securities (Japan) Ltd. in Tokyo. “Investors, to the extent that they are invested in the auto sector, generally agree that Toyota is looking like a winner.”Indeed, shareholders are endorsing Toyota’s approach. The automaker’s stock rose 1% on Thursday, leaving it up 10% this year and adding $18.6 billion in market value. That’s better than the Topix index and other Japanese automakers, even amid tepid profit and sales growth. Analysts surveyed by Bloomberg predict quarterly operating profit will rise 1.3% to 692 billion yen, while revenue will climb 1.6% to 7.48 trillion yen.Big BetIn addition to investments and partnerships, Toyota’s spends about 1.05 trillion yen ($9.7 billion) a year on research and development.Akio Toyoda, chief executive officer and grandson of the automaker’s founder, has been holding forth at public appearances about Toyota’s transformation into a mobility service provider from a manufacturer.“My true mission is to completely redesign Toyota into a mobility company,” Toyoda said in May, saying the mission is to not just make products that move people around but provide “all kinds of services related to mobility.”Ride-HailingToyota’s strategy is to tie up with the strongest ride-hailing providers in each region and then integrate its hardware and software into their services. Toyota is a major investor in the world’s three top ride-hailing companies: Uber, China’s Didi Chuxing and Southeast Asia’s Grab Holdings Inc.In Japan, the carmaker teamed up with SoftBank — which has poured even more money into the three companies — in yet another mobility service venture called Monet Technologies Inc.The Japanese companies are betting that Monet can evolve into a variety of transportation-related business. For example, they envision meal-delivery vehicles that can prepare food en route to customers, or hospital shuttles that offer medical examinations.Toyota’s rivals aren’t standing still, either. General Motors Co. injected $500 million into Uber rival Lyft Inc. in 2016 while also pursuing its own robotaxi program with the Cruise Automation unit. Daimler AG and BMW AG merged their car-sharing operations this year after buying up several local ride-hailing ventures.ElectrificationWhile Toyota was first out of the gate with the Prius hybrid car, it hasn’t rolled out any mass-market EVs. Like Volkswagen and other major automakers, the Japanese company was biding its time. That will change next year, when Toyota introduces the first of six EV models planned through 2025.To secure enough batteries, Toyota recently stepped up its dealmaking with manufacturers, racing competitors to secure supplies for pure-electric and hybrid vehicles. Volkswagen and Daimler have made tens of billions of dollars in battery investments.In July, the Japanese auto giant made back-to-back battery announcements with China’s Contemporary Amperex Technology Co. Ltd. and BYD Co. Toyota also is committed to work with suppliers Toshiba Corp., GS Yuasa Corp. and Toyota Industries, as well as long-term partner Panasonic Corp.In Japan, Toyota teamed with Mazda Motor Corp, Suzuki Motor Corp., Subaru Corp. and parts makers to develop a common platform for EVs, betting that a combined effort can save development and production costs.Earlier this year, Toyota’s brought forward its EV sales target by five years. The company now expects to see annual sales of 5.5 million units globally in 2025, compared with a previous timeline of 2030.Fuel CellsToyota placed bets on fuel-cell technology years ago, gambling that hydrogen would replace batteries to store and deliver electricity for cars. So far, the technology’s complexity and high development costs has scared off most rivals. Three years after introducing its Mirai hydrogen car, the model remains a rarity even in Japan.Even so, Toyota is keeping fuel-cell car development alive, with hopes that Chinese interest in hydrogen will create a bigger market for the technology. In April, Toyota said it will work with Chinese truckmaker Beiqi Foton Motor Co. and Beijing SinoHytec Co., an affiliate of Tsinghua University, to develop more commercial vehicles with fuel cells. In July, it struck a similar deal with carmaker China FAW Group Co. and Higer Bus Co. to supply fuel-cell systems.Hybrid CarsAfter keeping its hybrid-car technology in Japan, the U.S. and developed markets for years, Toyota is now seeking to enter new markets. It will supply its hybrid system to Suzuki globally, while Suzuki will sell compact vehicles through Toyota in India and Africa, the carmakers said in March. The pair also will jointly develop a multipurpose vehicle that will be sold in India under both brands.Toyota also may share the hybrid-car engine technology it pioneered with the Prius with Chinese manufacturers, seeking to catch up with rivals in the world’s biggest auto market. Toyota is in advanced talks to license its hybrid system to Chinese carmaker Geely Automobile Holdings Ltd., Bloomberg reported last year.Toyota will benefit if China eases emissions rules so that low-polluting hybrid cars aren’t penalized as much as normal gas guzzlers. Policy makers are now considering rules that would count levels from a super-low emission vehicle as one-fifth of a normal gasoline car, according to a draft of the rules released July 9 by China’s Ministry of Industry and Information Technology.A majority of Toyota’s new partners are Chinese manufacturers because Toyota wants to catch up there with Volkswagen and General Motors in the next decade. China contributed most of Toyota’s growth last year, as well as this year, thanks to new products and its Lexus luxury brand, which benefited from lower government tariffs on auto imports from Japan.Connected CarsAlthough Toyota lags behind General Motors and European rivals, the digital information business has been a central -- yet less visible -- element of its vision for the future.Automobiles are generating more data that can be shared in order to improve safety, monitor road conditions and help passengers. For example, many manufacturers see a future when collisions become rare because autonomous vehicles will be programmed to avoid each other.Toyota is working to have 70% of new cars connected globally by 2020, with almost all of those in the U.S. and Japan. Automakers are already using the cloud to generate revenue through telematics insurance and car-sharing services.Toyota also has talked about using data to alert dealers when cars need servicing, provide information about road and traffic conditions for smart city planning, and inform retailers where their customers are commuting from to allow more targeted marketing.Moon PlansAlthough less relevant for Earthlings, Toyota wants to be the first automaker on the moon. Together with the Japan Aerospace Exploration Agency, Toyota is planning to build a six-wheeled, self-driving transporter that can carry two humans for a distance of 10,000 kilometers. They expect to land a vehicle on Earth’s closest ndaimeighbor in 2029.The rover will use solar arrays and fuel cells to generate and store power. The vehicle will be big enough so the astronauts can take their suits off and live in it while exploring the lunar surface.“Toyoda is determined to shift his company into a mobility company from a conventional hardware-oriented corporation,” said Koji Endo, senior analyst at SBI Securities Co. “It’s yet to be seen if Toyota can win among the competition and rapid changes in the business model, but it seems management is determined to chase this course.”(Updates with Toyota shares in)\--With assistance from Kae Inoue.To contact the reporter on this story: Ma Jie in Tokyo at email@example.comTo contact the editors responsible for this story: Young-Sam Cho at firstname.lastname@example.org, Reed Stevenson, Michael TigheFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Ridesharing and transportation platform Didi Chuxing announced today that it has formed a joint venture with BP, the British gas, oil and energy company, to build electric-vehicle charging infrastructure in China. The charging stations will be available to Didi and non-Didi drivers. The news of Didi and BP’s joint venture comes one week after Didi announced that it had received funding totaling $600 million from Toyota Motor Corporation.
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. Toyota has made a big investment in Didi Chuxing . As part of the agreement, the two companies will form a joint venture with GAC Toyota Motor to provide vehicle-related services to Didi drivers.
Didi Chuxing announced today that it has received from Toyota MotorCorporation new investment totaling $600 million
Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing and a new joint venture to expand collaboration with the firm in China. The move accelerates a trend in China which has seen automakers launch their own ride-hailing services, and ride-hailing firms such as Didi team with automakers to develop purpose-built cars for their services. The Japanese carmaker said the new joint venture would include Toyota's Chinese partnership with Guangzhou Automobile Group Co Ltd (GAC), and would see the companies combining services and technologies.
Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing as well as a new joint venture as the companies seek to develop connected and electric vehicle technologies in China. The move accelerates a trend in China which has seen automakers launch their own ride-hailing services, and ride-hailing firms such as Didi team with automakers to develop purpose-built cars for their services. Toyota said the new joint venture would include the Japanese automaker's Chinese partnership with Guangzhou Automobile Group Co Ltd (GAC), and would see the companies combining services and technologies to work on fleet management, car maintenance and car rental services.
Tokyo's 2020 Summer Olympic and Paralympic Games are fast approaching, andToyota is playing a key role in on-site mobility and transportation
Miniature remote controlled cars have proved to be a crowd pleaser at track and field throwing events, but for the Tokyo 2020 Olympics Toyota Motor Corp is upping the game with a hi-tech way to fetch javelins and hammers: pint-sized, self-driving A.I. robot cars. The Japanese automaker on Monday unveiled a prototype of its next-generation field support robot, a miniature shuttle bus-shaped contraption based on its "e-Palette" ride-sharing vehicle under development, to be used at the Tokyo Games.
Toyota Motor said it would develop battery electric vehicles (EVs) and batteries with BYD Co Ltd, in a sign it was ramping up partnerships with Chinese players as planned to build affordable EVs for the world's top auto market. In a joint statement, Toyota and the Chinese electric automaker said on Friday that they would develop sedans and sport utility vehicles, which would then be sold under the Toyota brand in China before 2025.
It's called the APM, or'Accessible People Mover,' and 200 of them will be used in service of gettingGames fans, athletes, and staff from venue to venue