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Toyota Industries' shares nosedive on $33 billion buyout plan — steepest fall in 10 months
CNBC· 2025-06-04 02:45
Group 1 - Toyota Industries Corp. shares fell by as much as 13% following Toyota Group's announcement of a 4.7 trillion yen ($33 billion) deal to take the company private, with a tender offer of $26 billion at 16,300 yen per share, significantly lower than the previous closing price of 18,400 yen [1] - The deal involves the creation of a new holding company, with Toyota Fudosan investing approximately 180 billion yen, Akio Toyoda investing 1 billion yen, and Toyota Motor investing around 700 billion yen in non-voting preferred shares, alongside loans from major banks [2] - This transaction reflects a broader trend in Japan where companies are under pressure to reduce long-standing cross-shareholding arrangements, as urged by the Financial Services Agency [3] Group 2 - Akio Toyoda's investment is seen as symbolic, aimed at enhancing unity within the Toyota group, although it does not provide him full control over Toyota Industries [4] - In April, Toyota indicated it was considering a potential $42 billion buyout of Toyota Industries, exploring various investment options, including partial investment [5] - A special committee engaged in negotiations to secure a better deal, but the final offer of 16,300 yen was below the midpoint of the valuation range provided by independent financial advisers, and requests for an improved offer were declined [6] Group 3 - Toyota Industries, the founding company of Toyota Motor, manufactures a diverse range of products, including forklifts, engines, electronic components, and stamping dies [7]
PureCars Joins Toyota & Lexus Canada Programs as an Approved Provider for Digital Advertising
GlobeNewswire News Room· 2025-06-02 13:30
Core Insights - PureCars has been included as an approved provider of Digital Advertising in the Toyota & Lexus Canada Programs, enhancing its support for dealerships with comprehensive advertising solutions [1][2] - The company aims to help Toyota and Lexus dealers improve customer engagement and drive profitability through tailored marketing tools [2] - PureCars has over 17 years of experience in customer data management, advanced advertising solutions, and market analytics, making it a trusted partner for dealerships across North America [2][4] Product Offerings - PureCars provides a diverse portfolio of products including paid media, paid social, display advertising, video advertising, connected TV/OTT, local SEO, enhanced fixed ops solutions, and custom creative services [5] - The digital advertising services offered will enable Toyota & Lexus Canada dealers to execute highly targeted campaigns and deliver personalized customer experiences [3] Company Background - PureCars assists thousands of dealerships in increasing sales and reducing marketing costs through its unique combination of customer data management, advanced advertising solutions, digital merchandising, and market analytics [4] - The company is a certified digital provider for 17 OEMs in the U.S. and 3 in Canada, maintaining compliance with over 40 brands and serving 65 of the top 100 dealer groups in North America [4]
Toyota Boshoku America Powers Manufacturing Facility With 5.7-Megawatt Solar Project
Prnewswire· 2025-05-29 13:58
Core Insights - Toyota Boshoku America (TBA) has completed a 5.7-megawatt solar project in partnership with Onyx Renewables, Sol Systems, and Nelnet Renewable Energy, which will meet 85% of the energy needs at its Illinois plant [1][3][4] - The project is expected to generate over 9.5 million kilowatt-hours of electricity in its first year and is a significant step towards TBA's goal of achieving net-zero carbon emissions by 2050 [4][5] Company Initiatives - TBA recognized the need for sustainable energy solutions to stabilize costs and support broader sustainability goals, leading to the partnership with Sol Systems for the solar farm installation [3][4] - The solar array spans approximately 17 acres and is TBA's largest onsite solar installation to date, reflecting the company's commitment to reducing its environmental impact [4][5] Collaboration and Community Impact - The project emphasizes collaboration among manufacturers, clean energy developers, and local communities, aiming to deliver long-term economic and environmental benefits [4][6] - Onyx Renewables prioritized workforce development by allocating at least 15% of project labor for qualified apprentices and ensuring prevailing wages [6][7] Environmental Stewardship - The project includes the establishment of a pollinator-friendly habitat around the solar system, enhancing local biodiversity and aligning with TBA's sustainability vision [7] - The project received federal support as an "energy community," highlighting its significance in addressing local unemployment and fossil fuel employment issues [7] Future Outlook - The collaboration serves as a replicable model for other manufacturers seeking to meet energy needs while minimizing environmental impact [8]
Joby Aviation stock soars as electric air taxi-maker closes $250M strategic investment from Toyota
Proactiveinvestors NA· 2025-05-28 19:06
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Toyota Supercharges Joby: $250M Capital Infusion Ignites Stock
MarketBeat· 2025-05-28 17:54
Core Viewpoint - Joby Aviation's stock surged following a $250 million investment from Toyota, marking a significant boost in market confidence and strengthening their strategic partnership [1][3][12] Funding and Investment - The $250 million investment is the first part of a total $500 million commitment from Toyota, aimed at supporting Joby in completing FAA certification and preparing for large-scale production [3][4] - Toyota's investment has increased its ownership stake in Joby by 68.20%, making it the leading shareholder with a total of 122.57 million shares [6][7] Market Reaction - Following the announcement, Joby's shares jumped over 27% to around $8.78, with trading volume reaching approximately 67.41 million shares, significantly above the average of 12.31 million [2][9] - There was a notable increase in call options volume by about 638%, indicating bullish sentiment among traders regarding Joby's stock price [10] Analyst Expectations - Analysts are likely to reassess their financial models and issue updated price targets for Joby following this significant funding news, which could lead to upward adjustments in expectations [11]
Toyota Plans to Move Production of GR Corolla to Britain
ZACKS· 2025-05-28 14:31
Group 1 - Toyota Motor Corporation (TM) plans to shift some GR Corolla production to the United Kingdom to utilize excess capacity and reduce delivery times in North America [1][2] - The company will invest approximately $56 million to establish a dedicated production line in its Burnaston plant, aiming for an annual output of around 10,000 cars by mid-2026 [2] - The current production facility at Motomachi Plant is at full capacity, producing about 25,000 vehicles last year, including 8,000 GR Corollas, which is insufficient to meet the growing global demand for high-performance models [3] Group 2 - A recent trade agreement between the UK and the US will reduce tariffs on car imports from the UK from 25% to 10% for up to 100,000 vehicles annually, making the UK a more cost-effective export base compared to Japan [4] - TM's stock has decreased by 12.7% over the past year, while the industry has seen a decline of 16.8% [5]
Joby Aviation shares pop 13% as electric air taxi maker closes $250 million Toyota investment
CNBC· 2025-05-28 13:11
Group 1 - Joby Aviation has delivered its first electric vertical take-off and landing (eVTOL) aircraft to the US Air Force, marking a significant milestone for the company [1] - Following the announcement, Joby Aviation's shares increased by 13% after revealing a $250 million investment from Toyota [1] - The $250 million payment is part of a larger $500 million investment deal from Toyota aimed at supporting the certification and commercial production of Joby's electric air taxis [2] Group 2 - Joby Aviation's CEO, JoeBen Bevirt, highlighted the benefits of collaborating with Toyota, particularly in streamlining manufacturing processes and optimizing design [2] - The partnership with Toyota is seen as a crucial step in scaling the potential of electric flight [2]
Hybrid leader Toyota targets major growth in plug-in vehicles amid industry's EV uncertainty
CNBC· 2025-05-28 11:49
Core Viewpoint - Toyota Motor is focusing on significant growth in plug-in hybrid electric vehicles (PHEVs) as part of its strategy to meet regulatory standards and consumer demand for electrified vehicles [1][2]. Group 1: PHEV Market and Strategy - PHEVs are gaining popularity as automakers aim to comply with federal fuel economy standards and emissions regulations, serving as a transitional option for consumers hesitant to adopt fully electric vehicles [2]. - Toyota plans to increase its PHEV sales from 2.4% of its U.S. sales volume last year to approximately 20% by 2030, contingent on factors such as regulations and customer acceptance [3]. - The targeted PHEV sales percentage aligns with California's Advanced Clean Cars II rule, which mandates automakers to sell only zero-emission vehicles by 2035, although this rule may face changes under the current administration [4]. Group 2: Investment and Development - Despite regulatory uncertainties and slower-than-expected adoption of all-electric vehicles, Toyota continues to invest billions annually in electrification, including PHEVs [5]. - The company is evaluating the integration of plug-in hybrids across its vehicle lineup, focusing on production capabilities and competitive product strength [5].
Toyota 'Electrifies' Top-Selling RAV4 SUV, Paving Transition To Battery Power Amid Tariffs
Seeking Alpha· 2025-05-27 00:24
Group 1 - Toyota Motor is projected to be the top-selling global automaker in 2024, indicating a strong market position despite upcoming challenges [1] - The company is expected to face various headwinds that could make the next fiscal year particularly complex and uncertain [1]
Toyota's 2026 RAV4 SUV to Have Hybrid and Plug-In Hybrid Options Only
ZACKS· 2025-05-26 15:35
Core Insights - Toyota Motor Corporation is transitioning its 2026 RAV4 to be exclusively electrified, offering hybrid and plug-in hybrid options as part of a redesign of its best-selling SUV [1][2] - The new RAV4 will feature a 2.5-liter four-cylinder engine, with the hybrid version producing 226 horsepower (front-wheel drive) and 236 horsepower (all-wheel drive), while the plug-in hybrid will deliver 320 horsepower, an increase from 302 horsepower in the previous model [2] - Toyota aims to sell 9.8 million vehicles globally in the current fiscal year, an increase from 9.36 million the previous year, with electrified vehicle sales projected to rise to 5.18 million units [8] Product Launches and Strategy - The 2026 RAV4 will be available in three new design variants: Core, Rugged, and Sport, and will include updates such as a new touchscreen display and enhanced safety features [2][3] - By 2027, Toyota plans to launch 10 new electric vehicles in key global markets, including the Urban Cruiser and C-HR+ electric SUVs in Europe [6] - In China, Toyota has introduced the bZ3X, its most affordable EV, and plans to launch additional models to strengthen its position in the largest EV market [7] Market Performance and Sales Targets - Despite selling over 10.2 million vehicles globally in fiscal 2025, only about 145,000 were fully electric, representing just 1% of total sales, while EVs accounted for approximately 14% of global vehicle sales in 2024 [4] - Toyota's cautious approach to fully electric vehicles has been noted, but recent announcements indicate a shift in strategy with new EV launches and production targets [5] - Combined sales of Toyota and Lexus are projected to reach 10.4 million units, a 1.2% increase from fiscal 2025, driven by improved production capacity [8]