Group 1: Toyota Motor Corporation - Toyota has reduced its electric vehicle (EV) production target for 2026 by 30%, now planning to produce one million EVs, down from earlier projections [1] - For 2025, Toyota's new EV production goal is set at 400,000 units, with a long-term aim of producing 1.5 million EVs annually by 2026 and 3.5 million by 2030 [1] - Currently, EVs account for about 1% of Toyota's global sales, with the company having sold approximately 104,000 EVs last year [1] Group 2: Industry Trends - Volvo has abandoned its plan to go 100% electric by 2030, now targeting 90% to 100% of global sales to be electrified cars, including both fully electric and plug-in hybrid models [2] - The slowdown in EV demand has led to excess production capacity among automakers in the United States, Germany, and France, prompting companies like Ford and General Motors to delay or cancel new electric models [2] - Legacy automakers are increasingly leaning towards hybrids while reassessing their EV ambitions due to the slower-than-expected rise in demand [2]

Collaboration Agreement - BMW and Toyota are teaming up to develop hydrogen fuel cell technology [1] - The collaboration will focus on jointly developing the powertrain system for passenger vehicles, which will be used in models from both companies [1] - BMW plans to launch its first series production fuel cell electric vehicle (FCEV) in 2028 [1] Strategic Vision - BMW Chair Oliver Zipse described the partnership as "a milestone in automotive history" and emphasized that the technology will shape future mobility [1] - Zipse also highlighted that the collaboration will herald an era of significant demand for fuel cell electric vehicles [1] - Toyota President Koji Sato stated that both companies share a belief in "technology openness" and a "multi-pathway" approach to achieving carbon neutrality [2] Market Reaction - Toyota Motor's American depositary receipts (ADRs) were down 1% at $182 66 in midafternoon trading on Thursday [2] - Toyota's ADRs are essentially flat year-to-date [2]

The "Official Automotive Partner of the NFL" celebrates every team, every fan, every season with a campaign featuring Team Toyota Athletes Eli Manning, Brock Purdy, Puka Nacua, Christian Gonzalez, Michael Pittman Jr. and Kyle HamiltonPLANO, Texas, Sept. 4, 2024 /PRNewswire/ -- Toyota Motor North America today unveiled an NFL-themed campaign that highlights Toyota's deep connection to the NFL and its support of football fans across the country. The campaign builds on Toyota's 67-year legacy of playing a gras ...

Toyota has recalled more than 43,000 trucks in the US over defects that could increase the risk of a car crash. The Japanese automaker recalled 43,395 2023-2024 Sequoia Hybrids sold in the US after identifying a risk with the vehicles’ tow hitches.Toyota has recalled its 2023-2024 Sequoia Hybrid vehicles due to a defect with the rear tow hitches. Getty ImagesThe tow hitch is a part located on the back of the truck that is used to connect the car to a trailer in order to be towed.The resin tow hitch on the S ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Toyota Motor Corporation (TM) .Toyota Motor currently has an aver ...

Toyota Motor Corporation (TM) and BMW AG (BMWYY) are set to deepen their collaboration on fuel cell vehicles (FCV) to boost the competitiveness of their hydrogen-powered cars. Per Nikkei Asia, under this expanded partnership, which is expected to be officially announced on Sept. 5, 2024, Toyota will supply essential components like hydrogen tanks and fuel cell systems to BMW, which will then manufacture and sell mass-produced FCVs over the next few years.Toyota and BMW originally teamed up on FCV developmen ...

For Immediate ReleasesChicago, IL – August 28, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Toyota Motor Corp. (TM) , IBM Corp. (IBM) and Stryker Corp. (SYK) and Fossil Group, Inc. (FOSL) .Here are highlights from Wednesday’s Analyst Blog:Top Stock Reports for Toyota, IBM and StrykerThe Zacks Research Daily pr ...

It might just be time to invest in the sprawling incumbent vehicle company.The world's incumbent carmakers aren't really anyone's idea of market-crushing investments these days. Despite some improvement in their share prices recently, the globally recognized companies that trade on U.S. exchanges have underperformed the S&P 500 index so far this year, at times considerably. One of those laggards is the top Asian auto powerhouse, Toyota Motor (TM 2.87%). In numerous ways the storied Japanese company just can ...

BMW will help Toyota grow -- not that Toyota needs help.Toyota Motor (TM 2.94%) stock raced 3% higher through 9:50 a.m. ET Tuesday after Nikkei Asia reported on a strengthening alliance between the Japanese automotive titan and Germany's BMW (BAMXF 1.08%) (BMWYY 0.65%). According to the report, BMW is hoping to produce a mass-market hydrogen fuel cell automobile in a few years -- and wants Toyota to help.Toyota and BMW: Better together?Toyota and BMW will officially announce their expanded partnership early ...

Deerfield Beach, Fla., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Southeast Toyota Finance (SET Finance), the captive finance company for the 177 Toyota dealers throughout Alabama, Florida, Georgia, North Carolina and South Carolina, has been ranked No. 1 in dealer satisfaction among Captive Mass Market-Prime Automotive Finance Lenders for the second year in a row by the J.D. Power 2024 U.S. Dealer Financing Satisfaction Study.   “It is an honor to have been selected once again as the highest-ranking automotive capt ...