TM - Toyota Motor Corporation
| Previous close | 145.31 |
| Open | 145.07 |
| Bid | 146.60 x 800 |
| Ask | 146.72 x 800 |
| Day's range | 145.20 - 146.94 |
| 52-week range | 130.07 - 167.04 |
| Volume | |
| Avg. volume | 255,180 |
| Market cap | 201.633B |
| Beta (5Y monthly) | 0.54 |
| PE ratio (TTM) | 11.41 |
| EPS (TTM) | 12.87 |
| Earnings date | N/A |
| Forward dividend & yield | 4.99 (3.44%) |
| Ex-dividend date | 30 Mar 2023 |
| 1y target est | 164.61 |
ZacksTop Research Reports for Cisco Systems, Toyota Motor & Verizon Communications
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).
- Financial Times
Japan’s supply chain predicament
Companies such as Toyota face pressure to reduce emissions in a country with a heavy reliance on fossil fuels
ReutersTesla's Model 3 cheaper than Toyota's Camry in California with tax benefits
SAN FRANCISCO/WASHINGTON (Reuters) -Tesla Inc's rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal U.S. credits that, along with other tax breaks, could lower its price to less than a Toyota Camry. The Biden administration on Tuesday confirmed that all Tesla Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two of the three versions were eligible for half the credits. New battery rules went into effect in April that lowered the credit of the Model 3 Standard Range Rear Wheel Drive and Long Range All-Wheel Drive to $3,750.
ReutersCalifornia, New York pension funds vote against Toyota chairman
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.
ZacksToyota's (TM) US-Assembled EV & Battery Factory Set for Success
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.
ReutersToyota pledges $2.1 billion more for EV battery plant in North Carolina
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.
- Zacks
Toyota (TM) & Daimler to Combine Truck Operations in Japan
Toyota (TM) and Daimler announce a preliminary deal to combine their Japanese truck operations.
ReutersChina was top market for Tesla Model Y, world's best-selling car in Q1
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 VideoTesla's Model Y becomes world's first best-selling EV car
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.
Yahoo FinanceTesla Model Y was the best-selling car worldwide in the first quarter
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.
ReutersToyota, Daimler strike deal to combine Japanese truck operations
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.
- Financial Times
Toyota chair faces removal vote over governance issues
More challenges to boards on diversity and corporate values expected during Japan’s annual meeting season
- Financial Times
How to buy a global $20bn company for nothing
Japan is only theoretically fertile territory for stock market takeovers, as the Toyota thought experiment reveals
ReutersISS backs Toyota shareholder proposal on climate disclosure
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.
- Financial Times
Letter: Toyota needs to change gear on hydrogen strategy
You quote (The Big Read, May 20) the head of wholesale banking at Nomura stating that Japan is “the obvious place where international investors, if they want to have exposure to Asia, will invest over the next five to 10 years”. The recent revival of investment activity in Japan and growth in the economy should be welcomed. After showing the world a lead over a decade ago with Toyota’s hybrid Prius and then Nissan’s Leaf, the first sensible battery electric vehicle, Japanese manufactures are literally frozen in the “ice” age — or the age of the internal combustion engine (ICE).
ReutersGlass Lewis recommends investors vote against Toyota chairman
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.
ReutersFord CEO says China main EV rival, not GM, Toyota
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."
- Zacks
Zacks Market Edge Highlights: AutoZone, Carvana, Ford, Toyota and Penske
AutoZone, Carvana, Ford, Toyota and Penske have been highlighted in this Market Edge article.
ReutersDespite promises, automakers lack 'concrete actions' to decarbonise steel - Greenpeace
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.
ZacksAre There Investing Opportunities in the Auto Stocks in 2023?
The auto industry is at a crossroads after 3 years of red-hot sales, supply chain disruptions and regulatory pressures
Yahoo Finance VideoToyota overhauls Tacoma pickup truck
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.
Yahoo FinanceToyota overhauls best-selling Tacoma pickup as competition ramps up
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.
ReutersNot enough resources for EVs to be only cleaner car option, Toyota says
A lack of resources means battery electric vehicles (BEV) cannot be the auto sector's only answer to climate change, Toyota Motor Corp's top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow to embrace BEVs, saying it has lagged Tesla Inc and others amid growing global demand. The world's top automaker by sales has countered that BEVs are just one option and that gasoline-electric hybrids, such as its pioneering Prius, are a more realistic choice for some markets and drivers.
- Zacks
Here's Why You Should Retain Toyota Motor (TM) Stock for Now
Toyota Motor's (TM) electrification push and continued demand for vehicles are set to fuel sales volume. Shortage of microchip and high commodity prices are headwinds.
Yahoo FinanceUsed-car market in ‘uncharted territory’ as high prices remain sticky, Edmunds says
With spring car buying season in full swing, those looking for a deal in the used car market are likely not going to find one. According to a new report titled “Used Market Enters Uncharted Territory Post-Pandemic” released from car-shopping site Edmunds.com, though used car prices softened a bit recently they still remain historically high. Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago.