The Latest Breaking News from TM

Toyota Motor (TM) achieved the 200,000 plug-in electric vehicle sales milestone in the second quarter. This success has triggered a $7,500 phase-out of U.S. tax credits for its future customers. The company has vowed to launch 30 new electric vehicles by 2030. So, is it the right time to buy…

Toyota Motor Corp (NYSE:TM) said its North America business (TMNA) reported U.S. sales in June 2022 of 170,155 vehicles, a 17.9% decrease on a volume basis and down 21.1% on daily selling rate (DSR) basis Y/Y. Sales of electrified vehicles totaled 39,965, representing 23.5% of total monthly sales.  On a volume basis, the…

Toyota Motor Corp (NYSE:TM) has unveiled its first mass-market hybrid car for India, a sport utility vehicle (SUV), Reuters reported. Toyota will build the Urban Cruiser Hyryder SUV in alliance with Suzuki Motor (OTC:SZKMY). Related: 2 Japanese Auto Giants To Jointly Make New Hybrid SUV In India The Japanese auto major’s latest offering will compete…

Japan’s Toyota Motor Corp (NYSE: TM) said on Friday it will further leverage its global partnership with Suzuki Motor Corp (OTC: SZKMY) to begin production of a new sports utility vehicle

Toyota Motor Corp (NYSE:TM) recalls 2,700 of its first mass-produced electric vehicles (EVs) on tire safety risks, the Wall Street Journal reported. The auto giant would recall its all-electric 2023 bZ4X SUV after finding fault with bolts that connect the wheels with the vehicle. Related: Toyota Debuts bZ4X SUV Battery Electric Vehicle Toyota…

Toyota Motor Corp (NYSE:TM) has cut its July global production plan by 50,000 vehicles due to the parts shortage resulting from the spread of COVID-19. The company expects the global production volume for July to be approximately 800,000 units (250,000 units in Japan and 550,000 units overseas). The auto major has decided to…

Toyota Motor Corp (NYSE:TM) plans an additional domestic factory line production suspension in June and July. The auto major took the decision citing an auto parts shortage resulting from the spread of COVID-19. The number of units affected by the suspensions will be about 40,000, bringing down the global production plan for June to…

Japan’s Toyota Motor Corp (NYSE: TM) has reportedly said it would continue developing and making hybrid and other low-emission vehicles amid shareholder pressure to embrace electric cars.

Aspen Aerogels Inc (NYSE:ASPN) stated that the increased visibility to expected order volume for 2022 from General Motors Co (NYSE:GM) and Toyota Motors Corp (NYSE:TM) is driving an updated outlook in thermal barrier revenues from $18 million to a range of $52 million - $62 million, a potential threefold increase in demand versus original expectations. FY22 Outlook,…

The growing demand for electric vehicles and increasing car prices should help automakers profit substantially in the near term. Therefore, we think prominent Japanese automakers Toyota Motor Corporation (TM) and Honda Motor Co., Ltd. (HMC) are worth watching. But which of these two companies’ stocks are the better buy now?…

Toyota Motor Corp (NYSE:TM) has unveiled the 2023 Corolla Cross Hybrid in the U.S. to expand options for entry Sports Utility Vehicle customers. The company plans to assemble the 2023 Corolla Cross Hybrid and the 2021 launched gas model at the new Mazda Toyota Manufacturing plant in Huntsville, Alabama. The facility will have…