Headquartered in Toyota, Japan, Toyota Motor Corporation (TM) designs, manufactures, assembles, and sells passenger, minivans, commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and Other segments.
TM joined the exclusive club of car manufacturers like Tesla, Inc. (TSLA) and General Motors Company (GM) after selling its 200,000th plug-in electric vehicle during the second quarter. This feat has triggered a phase-out of $7,500 U.S. tax credits for future consumers.
