|Bid||146.60 x 800|
|Ask||146.72 x 800|
|Day's range||145.20 - 146.94|
|52-week range||130.07 - 167.04|
|Beta (5Y monthly)||0.54|
|PE ratio (TTM)||11.41|
|Forward dividend & yield||4.99 (3.44%)|
|Ex-dividend date||30 Mar 2023|
|1y target est||164.61|
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).
Companies such as Toyota face pressure to reduce emissions in a country with a heavy reliance on fossil fuels
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.
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.
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.
Toyota (TM) and Daimler announce a preliminary deal to combine their Japanese truck operations.
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.
More challenges to boards on diversity and corporate values expected during Japan’s annual meeting season
Japan is only theoretically fertile territory for stock market takeovers, as the Toyota thought experiment reveals
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.
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).
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
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.
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.
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.
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.