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The Latest Breaking News from TM

Toyota US Sales Decline 14.7% In Q1; EVs Constitute Quarter Of Volume

Toyota Motor Corp (NYSE:TM) reported March 2022 U.S. sales of 194,178 vehicles, down 23.5% on a volume and down 26.3% on a daily selling rate (DSR) basis Y/Y. For Q1 of 2022, Toyota Motor North America posted sales of 514,592 vehicles, down 14.7% on a volume basis and down 15.8% on a DSR…

Toyota Motor Debuts 2023 GR Corolla

Toyota Motor Debuts 2023 GR Corolla

Toyota Motor Corp (NYSE:TM) has unveiled its first-ever 2023 GR Corolla. The all-new addition to Toyota's lineup of sports cars brings the performance, handling, and functionality that hot hatch fans like. Powered by the lightweight, compact G16E-GTS turbo-charged, direct/port-injected three-cylinder engine, GR Corolla delivers 300 hp and 273 lb.-ft. of torque. The G16-E…

Toyota Stock Gains On New Buyback Plan

Toyota Stock Gains On New Buyback Plan

Toyota Motor Corp (NYSE:TM) Board of Directors has authorized ¥100 billion to repurchase up to 80 million shares, representing 0.58% of issued shares, excluding treasury stock. The shares buyback plan will commence on March 24, 2022, and is valid until May 10, 2022. The company disclosed in a regulatory filing that it is…

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Toyota Partners With ChargePoint For EV Charging Solutions

Toyota Motor Corp's (NYSE:TM) Toyota Motor North America has partnered with ChargePoint Holdings Inc (NYSE:CHPT) for EV charging solutions. Toyota is in preparation for launching its all-new 2023 bZ4X battery electric SUV later this year. bZ4X customers will have the option to purchase a ChargePoint Home Flex Level 2 charger for home charging. The home…

Toyota Cuts April Production Target As Supply Chain Woes Continue

Toyota Motor Corp (NYSE:TM) said it plans to slash its vehicle production target in April by 150,000 units. The company's global production plan for April, including overseas production, is approximately 750,000 units. The auto maker's decision follows a semiconductor shortage amid disruptions caused by the COVID-19 pandemic. The global production plan average from…

Toyota Makes $27M Investment In Long Beach Facility

Toyota Motor Corp (NYSE:TM) Toyota Motor North America will make a $27 million investment in its manufacturing plant in Long Beach, California, Toyota Auto Body Company (TABC). The investment will equip TABC with the first coil-fed laser blanking line, expand blanking capability and increase capacity to cut 5.6 million blanks annually. The added…

Toyota Motor Sees Additional Production Cuts As Semiconductor Crisis Continues To Bite

Toyota Motor Corp (NYSE:TM) looked at additional production cuts in March as the semiconductor chip crisis continues to pinch, Reuters reports. The production suspension will affect the production of ~14,000 Noah and Voxy minivans. Recently, the Japanese automaker reduced its domestic production target by up to 20% for the April-June quarter. Toyota looked to…

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Toyota To Cut Production Over Chip Crunch: Reuters

Toyota To Cut Production Over Chip Crunch: Reuters

Toyota Motor Corp (NYSE:TM) will cut down domestic production in April, May, and June to reign in chip supply crunch, Reuters reported. Global automakers have been facing a supply chain crunch since the COVID-19 pandemic struck and fear that the Ukrainian crisis could amplify their woes. Toyota plans to reduce domestic production…

3 Auto Manufacturing Stocks with Dividends Yielding More Than 2%

3 Auto Manufacturing Stocks with Dividends Yielding More Than 2%

Amid increasing supply chain issues, interest rate hikes, and an escalating war between Russia and Ukraine, we think it advisable to invest in auto manufacturing stocks with high dividend payouts. Dividends paid by auto manufacturing stocks Toyota Motors (TM), Ford Motor (F), and Honda Motor (HMC) yield more than 2%.…

Here's How Toyota Looks To Resume Production Post Cyberattack

Here's How Toyota Looks To Resume Production Post Cyberattack

Toyota Motor Corp (NYSE:TM) looks to resume work at all its Japanese factories on March 2 after a one-day shutdown, limiting the fallout from a cyberattack on one of its key suppliers, Bloomberg reports. The one-day domestic production stoppage likely affected ~13,000-vehicles' worth of production, representing about 5% of output for February. Toyota aims…

3 Stocks to Avoid due to Supply Chain Issues: Toyota, Weber, and Lam Research

3 Stocks to Avoid due to Supply Chain Issues: Toyota, Weber, and Lam Research

Industrial supply chain disruptions have persisted over the past year, owing to sky-high demand, labor shortages, and increased market uncertainty. And these supply risks are expected to flare up in 2022. So, we think three fundamentally bleak stocks, namely Toyota Motor (TM), Lam Research (LRCX), and Weber (WEBR), are best…

3 Auto Manufacturers Outperforming the Market in 2022

3 Auto Manufacturers Outperforming the Market in 2022

Despite apparent logistical hurdles and record high January inflation data, the demand for automobiles continues to thrive. So, we think it could be wise to add quality auto manufacturing stocks Toyota (TM), Honda (HMC), and Tata (TTM) to one’s portfolio now. These stocks have outperformed the markets so far this…

Toyota Makes $90M Investment In Two US Manufacturing Facilities

Toyota Makes $90M Investment In Two US Manufacturing Facilities

Toyota Motor Corp (NYSE:TM) has made a $90 million investment in two of its U.S. manufacturing facilities to expand the production of electrified vehicles. The company has made a $73 million investment in Toyota West Virginia (TMMWV) and $17 million in Toyota Tennessee (TMMTN). The move comes after the $240 million investment announced…

5 Best Performing Mega-Cap Stocks in January

5 Best Performing Mega-Cap Stocks in January

Mega-cap stocks tend to dodge market volatility better than smaller stocks, given their companies’ market dominance and financial stability. So, fittingly, prominent mega-cap players Mastercard (MA), Exxon Mobil (XOM), Toyota Motor (TM), Chevron (CVX), and Wells Fargo (WFC) have emerged as the best performers amid the market downturn in January.…

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Forget General Motors, Buy These 3 Auto Manufacturing Stocks Instead

Japanese automaker Toyota (TM) displaced General Motors (GM) last year as the highest-selling automobile manufacturer in the United States amid strong demand for EVs and hybrids. The rising acceptance of international car brands in the U.S. has caused domestic automobile manufacturers to lose market share. Given this backdrop, we believe…

Stock Wars: Lyft Vs. Uber

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

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