TM - Toyota Motor Corporation

NYSE - NYSE Delayed price. Currency in USD
142.77
-0.06 (-0.04%)
At close: 4:02PM EST
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Previous close142.83
Open142.35
Bid142.75 x 900
Ask144.87 x 1000
Day's range142.33 - 142.85
52-week range111.12 - 145.41
Volume93,854
Avg. volume134,379
Market cap202.322B
Beta (3Y monthly)0.88
PE ratio (TTM)8.73
EPS (TTM)16.36
Earnings dateN/A
Forward dividend & yield3.59 (2.51%)
Ex-dividend date2019-09-27
1y target est165.25
  • Bloomberg

    Toyota’s Biggest Problem Is Keeping Hybrid Car Models in Stock

    (Bloomberg) -- Toyota Motor Corp. has a problem with selling its hybrids -- it can’t get enough of them.“The only thing holding us back on hybrids is capacity,” Bob Carter, Toyota’s North American executive vice president for sales, told reporters on Thursday at an event in Detroit. “We can’t make enough Corolla and RAV4 hybrids.”While many of its competitors are walking away from hybrids and plowing billions into battery-powered cars, the Japanese automaker has seen demand surge for its 14 gasoline-electric models. Toyota’s hybrids accounted for 13% of total Toyota and Lexus brand sales in the U.S. last month and made up nearly a quarter of the volume for its top seller, the RAV4 compact SUV.Toyota could easily sell twice the number of hybrid RAV4 models, but can’t source enough electric batteries for the popular vehicle, Carter said. It currently has an 11-day supply of them in stock, compared to more than 20 days’ supply of gasoline-powered versions, he said.Carter said the RAV4 hybrid’s appeal has as much to do with features like sporty styling, extra torque and all-wheel drive as it does with its combined 40 miles per gallon fuel economy -- 10 mpg above the gas-only model.Toyota plans to shift production of the RAV4 hybrid from Canada to a plant in Kentucky early next year, and also add a plug-in hybrid option from next summer to be imported from Japan. But that growing demand for hybrid versions of the RAV4, Corolla and other Toyota vehicles has come at the expense of its most famous hybrid, the Prius, sales of which are down 21% so far this year.To contact the reporter on this story: Chester Dawson in Southfield at cdawson54@bloomberg.netTo contact the editors responsible for this story: Chester Dawson at cdawson54@bloomberg.net, David Welch, Kevin MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Toyota leads $50 million investment in autonomous shuttle startup May Mobility
    TechCrunch

    Toyota leads $50 million investment in autonomous shuttle startup May Mobility

    May Mobility, a Michigan-based startup that is operating autonomous shuttle services in three U.S. cities, has raised $50 million in a Series B round led by Toyota Motor Corp. The funding, which comes less than a year after May Mobility raised $22 million, will be used to expand every aspect of the company, including its AV shuttle fleet, as well as its engineering and operations staff. May Mobility has 25 autonomous low-speed shuttles spread out between Detroit and Grand Rapids, Michigan and Providence, Rhode Island — the three cities in which it operates.

  • Toyota (TM) November Sales Volume Up 9.2% Y/Y in North America
    Zacks

    Toyota (TM) November Sales Volume Up 9.2% Y/Y in North America

    Toyota (TM) witnesses record November sales volume in Toyota and Lexus divisions in North America, the total unit sales being 207,857.

  • The Zacks Analyst Blog Highlights: Toyota Motor, Tesla, General Motors, Alphabet and NVIDIA
    Zacks

    The Zacks Analyst Blog Highlights: Toyota Motor, Tesla, General Motors, Alphabet and NVIDIA

    The Zacks Analyst Blog Highlights: Toyota Motor, Tesla, General Motors, Alphabet and NVIDIA

  • Oilprice.com

    Tesla’s Largest Competitor Is Hidden In Plain Sight

    Tesla’s biggest competitor isn’t producing electric vehicles, but is at the center of a surge in support for hydrogen and fuel cell vehicles, a technology that’s quickly taking over the heavy trucking segment

  • Japan 2020 Olympics Set to Showcase a New Era of Mobility
    Zacks

    Japan 2020 Olympics Set to Showcase a New Era of Mobility

    Japan-based automakers are yet to grab global headlines when it comes to driverless cars but they are eyeing 2020 Olympics to promote several self-driving cars and catch attention.

  • Japanese Hybrids Are Beating the Slump in China’s Car Market
    Bloomberg

    Japanese Hybrids Are Beating the Slump in China’s Car Market

    (Bloomberg) -- China’s once-in-a-generation car slump is hobbling carmakers around the globe that placed their bets on what is the world’s biggest auto market. But one group is weathering the slowdown unscathed: Japan.Iconic car companies like Toyota Motor Corp. and Honda Motor Co. are increasing sales in a market that has fallen almost every month since June 2018. They’re doing it by targeting what’s proven to be a sweet spot in the faltering market -- demand for hybrid gasoline-electric cars. Japanese automakers are leaders in the technology, which appeals to Chinese consumers keen to heed the government push toward new-energy vehicles, but aren’t ready to shift to pure-electric autos just yet.“The hybrid I drive now is as reliable as the one I used before but more fuel-efficient,” said Charles Wang, who bought a hybrid Toyota Camry in 2019 after driving a gasoline-powered Honda Accord for six years. “I never regretted my choice of sticking to Japanese cars.”Toyota, maker of the pioneer hybrid model Prius, and peers Honda and Nissan Motor Co. have been early adopters of the technology that combines an internal combustion engine with an electric motor. That’s allowed them to keep sales humming even as demand for gasoline cars wanes and pure-electric vehicles are yet to catch on.Japanese brands boosted sales 4.3% in the first first 10 months of the year, outpacing U.S., European, South Korean and Chinese rivals, according to China Passenger Car Association. Japan is now close to overtaking Germany as the biggest foreign car power in China, though Germany is benefiting from resilient demand for its premium models.Sales of Japanese brands’ hybrids have risen about 30% this year in China to more than 220,000, making the vehicles one of the fastest-growing market segment, according to the association. Japanese carmakers control about 99% of the traditional hybrid market in China, according to numbers from consultancy WAYS Information Technology Co. that exclude plug-in vehicles.Among the reasons shoppers are going for hybrids is range anxiety -- the fear that an electric car’s battery runs out and leaves the driver stranded. China’s charging infrastructure is in early stages, though manufacturers and the government are trying to hasten a buildout.Hybrid demand has also been spurred by those buying a second car, as such customers are more likely to be concerned about fuel consumption, said Cui Dongshu, secretary general of CPA.What’s more, providers of mobility services such as car-sharing and ride-hailing are also increasingly moving to hybrids for their fuel efficiency, Cui said. So even if such services will reduce the total sales of cars, the Japanese manufacturers may be less affected than others.Guangzhou Automobile Group Co., which makes cars with both Toyota and Honda, has benefited from robust demand for models such as Camry, Yaris and Accord. GAC Toyota boosted sales 17% and GAC Honda 7% in the first 10 months of the year. That compares with a 11% slump in total industry deliveries, according to China Association of Automobile Manufacturers. Guangzhou Auto shares slipped 0.3% Friday morning in Shanghai after earlier rising as much as 2.2%.To ride the trend, Japanese companies touted their new hybrid models at the Guangzhou Auto Show last week. Those include the new Wildlander sport utility vehicle by Toyota and Honda’s Breeze, an SUV that comes in both hybrid and gasoline variants.GAC Honda is preparing to expand its production capabilities in 2020 after running at 120% capacity this year. GAC Toyota plans to add new models annually over the next three years.“GAC is full of confidence in our two Japanese car ventures’ future development,” the carmakers said in a statement responding to Bloomberg’s inquiry. “GAC Honda and GAC Toyota will enlarge its product lineup and add more capacity in line with market demand.”Thus far, the Japanese brands have also weathered China’s cooling economy relatively well. Less-affluent customers in regions outside big cities have been more affected by the slowdown, weighing on sales of lower-end local brands but sparing the mid-prized offerings of Toyota, Nissan and Honda. The lower-end slump has pushed the car industry’s total sales down in 16 of the past 17 months.“Consumers of Japanese-brand cars are mainly middle-class buyers with steady and decent income,” said PCA’s Cui. “They are less impacted by the slowing economy.”(Updates with Guangzhou Auto shares in 10th paragraph)To contact Bloomberg News staff for this story: Tian Ying in Beijing at ytian@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Toyota says labour officials found it responsible for worker suicide
    Reuters

    Toyota says labour officials found it responsible for worker suicide

    Toyota Motor Corp on Tuesday said Japanese labour officials have found it responsible for the suicide of an employee, with the Mainichi Shimbun reporting that workplace bullying at the automaker had led to the employee's death. Toyota City's labour standards officials had been investigating the 2017 suicide of a Toyota Motor employee, a spokesman at the automaker confirmed to Reuters.

  • Toyota says labor officials found it responsible for worker suicide
    Reuters

    Toyota says labor officials found it responsible for worker suicide

    Toyota Motor Corp on Tuesday said Japanese labor officials have found it responsible for the suicide of an employee, with the Mainichi Shimbun reporting that workplace bullying at the automaker had led to the employee's death. Toyota City's labor standards officials had been investigating the 2017 suicide of a Toyota Motor employee, a spokesman at the automaker confirmed to Reuters.

  • California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight
    Reuters

    California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight

    California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota, Fiat Chrysler and other automakers backing U.S. President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Between 2016 and 2018, California purchased $58.6 million in vehicles from General Motors Co , $55.8 million from Fiat Chrysler Automobiles NV , $10.6 million from Toyota Motor Corp and $9 million from Nissan Motor Co .

  • What Tesla taught Ford
    Yahoo Finance

    What Tesla taught Ford

    The new Mustang Mach-E electric performance vehicle owes a debt to Tesla and its iconoclastic CEO, Elon Musk.

  • The Zacks Analyst Blog Highlights: Toyota Motor, Honda Motor, Nissan Motor, Tesla and Advance Auto Parts
    Zacks

    The Zacks Analyst Blog Highlights: Toyota Motor, Honda Motor, Nissan Motor, Tesla and Advance Auto Parts

    The Zacks Analyst Blog Highlights: Toyota Motor, Honda Motor, Nissan Motor, Tesla and Advance Auto Parts

  • Auto Stock Roundup: TM & HMC Post Q2 Results, TSLA to Open Gigafactory in Berlin
    Zacks

    Auto Stock Roundup: TM & HMC Post Q2 Results, TSLA to Open Gigafactory in Berlin

    While Japan's 1 carmaker Toyota (TM) misses fiscal second-quarter 2020 earnings estimates, its top peer Honda (HMC) surpasses the same.

  • Oilprice.com

    Apple Co-Founder Gives Up On Self Driving Cars

    While 2030 has been earmarked as the breakthrough year for autonomous vehicles, several industry leaders believe self-driving cars remain little more than a pipedream

  • Honda (HMC) Beats on Q2 Earnings & Sales, Announces Buyback
    Zacks

    Honda (HMC) Beats on Q2 Earnings & Sales, Announces Buyback

    While Honda (HMC) beats fiscal second-quarter 2020 earnings and sales estimates, it narrows view for the full year amid sluggish global vehicle demand.

  • The Zacks Analyst Blog Highlights: Toyota, Netflix, AbbVie, Gilead and Fiserv
    Zacks

    The Zacks Analyst Blog Highlights: Toyota, Netflix, AbbVie, Gilead and Fiserv

    The Zacks Analyst Blog Highlights: Toyota, Netflix, AbbVie, Gilead and Fiserv

  • Can TSLA's Drive Continue?
    Zacks

    Can TSLA's Drive Continue?

    The latest Tesla earnings release has driven it into one of the strongest and fastest rallies in the stock's history, and it doesn't seem to be slowing. TLSA could be well on its way to surpassing its all-time high.

  • Top Research Reports for Toyota, Netflix & AbbVie
    Zacks

    Top Research Reports for Toyota, Netflix & AbbVie

    Top Research Reports for Toyota, Netflix & AbbVie

  • The Zacks Analyst Blog Highlights: Toyota Motor, Fiat Chrysler, General Motors, Ford, LKQ and BorgWarner
    Zacks

    The Zacks Analyst Blog Highlights: Toyota Motor, Fiat Chrysler, General Motors, Ford, LKQ and BorgWarner

    The Zacks Analyst Blog Highlights: Toyota Motor, Fiat Chrysler, General Motors, Ford, LKQ and BorgWarner

  • Toyota (TM) Lags Q2 Earnings Estimates, Narrows Sales View
    Zacks

    Toyota (TM) Lags Q2 Earnings Estimates, Narrows Sales View

    Bringing in pleasant news for investors, Toyota (TM) announces a $1.8-billion share buyback.

  • Auto Stock Roundup: Fiat Chrysler-PSA Merger, Ford-UAW Deal & More
    Zacks

    Auto Stock Roundup: Fiat Chrysler-PSA Merger, Ford-UAW Deal & More

    While the proposed tie-up between Fiat-Chrysler (FCAU) and PSA is likely to lead to the creation of the world's fourth-largest carmaker, UAW-Ford (F) deal largely mirrors the UAW-General Motors contract.

  • BYD, Toyota to set up research venture to develop electric vehicles
    Reuters

    BYD, Toyota to set up research venture to develop electric vehicles

    TOKYO/SHANGHAI (Reuters) - Chinese electric car maker BYD Co Ltd and Japan's Toyota Motor Corp said on Thursday they planned to set up a joint venture to design and develop battery electric cars as they ramp up efforts to produce zero emissions vehicles. The two companies said in a statement that they would each invest 50% of the capital needed to establish the company, which will be set up next year and be based in China. Widely considered a late comer in embracing battery EVs, compared with rivals including Nissan , Toyota had flagged in June that it aimed to get half of its global sales from EVs, including gasoline hybrids, by 2025, five years ahead of schedule.

  • Toyota Research Institute's Kuffner on Self-Driving Car Ambitions
    Bloomberg

    Toyota Research Institute's Kuffner on Self-Driving Car Ambitions

    Dec.05 -- James Kuffner, chief executive of Toyota Research Institute - Advanced Development, discusses his work on self-driving car technology, competition in the industry and the timetable for delivering software to consumer vehicles. He spoke with Bloomberg's Erik Schatzker in Tokyo. (Toyota Research Institute-Advanced Development's capital is 90% controlled by Toyota.)

  • Toyota RAV4 Prime: A PHEV with serious power
    Engadget

    Toyota RAV4 Prime: A PHEV with serious power

    Here at the 2019 LA Auto Show, Toyota revealed the RAV4 Prime, a plug-in hybrid version of it's popular RAV4 SUV. The RAV4 prime can travel more than 35 miles in electric only mode, and packs some impressive power, with a 0-60 faster than any other Toyota except the high-performance Supra. This is a seriously speedy hybrid.

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