About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Contributions promote recovery; customer payment relief offers assist those in need PLANO, Texas , Feb. 6, 2024 /PRNewswire/ -- Toyota Motor North America and Toyota Financial Services announced efforts to assist those suffering from the impacts of recent storms and flooding in California. Toyota contributes annually to The American Red Cross and SBP, and these funds are utilized to support recovery efforts when disasters strike around the nation. To further assist affected communities, Toyota is matching c ...

Toyota Motor is investing $1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday.The vehicle is expected to go into production between late 2025 and early 2026, according to a company spokeswoman. It is part of previously announced plans by the Japanese automaker to invest $35 billion in battery-electric vehicles, or BEVs, through 2030.A company spokesperson declined to provide additional details of the upcoming vehicle, which will likely ...

 $1.3 Billion Investment Reinforces Commitment to Stable Employment and Future Production Reinvesting Profits in the North American MarketGEORGETOWN, Ky., Feb. 6, 2024 /PRNewswire/ -- Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant's total investment to nearly $10 billion and reinforces Toyota's commitment to high-quality vehicles ...

Financial Performance - Sales revenues for the first nine months of FY2024 reached ¥34,022,720 million, a 23.9% increase compared to ¥27,464,033 million in FY2023[4] - Operating income for the first nine months of FY2024 was ¥4,240,238 million, reflecting a 102.1% increase from ¥2,098,095 million in FY2023[4] - Net income attributable to Toyota Motor Corporation for the first nine months of FY2024 was ¥4,031,624 million, up 105.3% from ¥1,964,122 million in FY2023[4] - The forecast for full-year sales revenues in FY2024 is projected at ¥43,500,000 million, a 17.1% increase from FY2023[8] - The forecast for net income attributable to Toyota Motor Corporation for FY2024 is expected to be ¥4,500,000 million, an 83.6% increase from FY2023[8] - Earnings per share for FY2024 is projected at ¥332.97, significantly higher than the previous year[8] - Comprehensive income for the first nine months ended December 31, 2023, was ¥5,415,334 million, significantly higher than ¥2,424,351 million for the same period in 2022, representing an increase of approximately 124%[21] - Total comprehensive income for the first nine months ended December 31, 2023, was ¥5,415,334 million, compared to ¥2,424,351 million for the same period in 2022, indicating a significant increase of about 123.5%[30] Assets and Equity - Total assets as of December 31, 2023, amounted to ¥84,232,154 million, an increase from ¥74,303,180 million as of March 31, 2023[5] - Total shareholders' equity as of December 31, 2023, was ¥33,523,966 million, compared to ¥29,264,213 million in FY2023[5] - The ratio of shareholders' equity for Toyota Motor Corporation increased to 38.7% in FY2024 from 38.1% in FY2023[5] - Total liabilities decreased to ¥45,038,967 million as of December 31, 2023, from ¥50,708,188 million as of December 31, 2022, a reduction of approximately 11%[16] - Total shareholders' equity as of December 31, 2023, reached ¥33,523,966 million, up from ¥28,450,023 million at the end of 2022, marking an increase of approximately 18%[28] - The company reported a significant increase in retained earnings, which rose to ¥31,726,790 million as of December 31, 2023, compared to ¥27,696,192 million at the end of 2022, reflecting a growth of about 14.9%[28] Cash Flow and Dividends - Cash dividends per share for FY2024 are forecasted to be ¥30.00 for the second quarter, with a total expected dividend of ¥60.00 for the year[6] - The company paid dividends of ¥880,197 million to common shareholders during the first nine months of 2023, an increase from ¥727,980 million in the same period of 2022[30] - Cash flows from operating activities for the first nine months ended December 31, 2023, amounted to ¥2,786,141 million, compared to ¥1,825,923 million in the previous year, reflecting an increase of approximately 52.7%[30] - The company’s cash and cash equivalents at the end of the period increased to ¥7,583,154 million from ¥6,022,089 million at the end of the previous year, representing a growth of about 26%[30] Vehicle Production and Sales - Vehicle production for FY2024 Q3 reached 2,444 thousand units, a 9% increase from FY2023 Q3's 2,243 thousand units[32] - Total vehicle sales for FY2024 Q3 were 2,551 thousand units, up 9% from 2,331 thousand units in FY2023 Q3[32] - North America vehicle sales in FY2024 Q3 were 475 thousand units, a decrease of 10% compared to 525 thousand units in FY2023 Q3[32] - Vehicle sales in Europe for FY2024 Q3 increased to 238 thousand units, a 13% rise from 210 thousand units in FY2023 Q3[32] - Asia's vehicle sales for FY2024 Q3 were 489 thousand units, showing a slight decrease from 510 thousand units in FY2023 Q3[32] - The company reported a total of 7,295 thousand vehicle sales for the first nine months of FY2024, compared to 6,491 thousand units in the same period of FY2023, reflecting a 12% increase[32] Strategic Initiatives - The company is focusing on new product development and technology advancements to enhance competitiveness in the global market[32] - The company is exploring strategic acquisitions to bolster its market position and expand its product offerings[32] - The company plans to expand its market presence in Africa, where vehicle sales increased to 35 thousand units in FY2024 Q3, up from 38 thousand units in FY2023 Q3[32] Operational Metrics - Operating income for FY2024 Q3 was ¥1,680.9 billion, representing a 14.0% operating income ratio, up from 12.6% in FY2023 Q3[33] - Net income attributable to Toyota Motor Corporation for FY2024 Q3 was ¥1,357.8 billion, with a net income ratio of 11.3%, compared to 11.2% in FY2023 Q3[33] - The automotive segment generated ¥11,065.7 billion in sales for FY2024 Q3, reflecting strong market performance[33] - Financial services segment revenue for FY2024 Q3 was ¥922.3 billion, showing growth from previous quarters[33] - R&D expenses for FY2024 Q3 amounted to 289.2 billion yen, with a total of 898.1 billion yen for the first nine months of FY2024[34] - Depreciation expenses for FY2024 Q3 were 302.9 billion yen, totaling 904.5 billion yen for the first nine months of FY2024[34] - Total liquid assets reached 14,143.6 billion yen by the end of FY2024 Q3, reflecting a significant increase from previous quarters[34]

 Adventure Awaits for the All-New 2024 Toyota Tacoma PLANO, Texas, Feb. 5, 2024 /PRNewswire/ -- Built with more power than ever before, the all-new 2024 Tacoma is completely redesigned and reimagined and ready to take on all the action. Launching today, the "More Power for More Play" campaign highlights the model 2024 truck's exciting new i-FORCE and i-FORCE MAX powertrains, rugged capabilities, modern technology and features that are guaranteed to amplify life's exciting adventures and off-roading excursio ...

 Toyota Will Showcase the All-New 2024 Tacoma through Advertising, Live Content and Fan ExperiencesPLANO, Texas, Feb. 2, 2024 /PRNewswire/ -- Toyota Motor North America (TMNA) today unveiled a series of announcements and experiences as part of its first Super Bowl activation as the Official Automotive Partner of the NFL.  Toyota Signs Eli Manning and Brock Purdy as National Partners and Announces Plans for Super Bowl LVIII as The “Official Automotive Partner of the NFL” Eli Manning and Brock Purdy name ...

SPRING, Texas--(BUSINESS WIRE)--Mobil 1™ and TRD USA (Toyota Racing Development) announced today the first-of-its-kind expansion of the iconic brands’ long-standing motorsports relationship, which includes Mobil 1 primary assets across all three of Toyota’s NASCAR Cup Series teams – Joe Gibbs Racing (JGR), 23XI Racing (23XI), and LEGACY MOTOR CLUB (LEGACY M.C.) – along with continued primary placements within multiple other racing series that Toyota competes in including NHRA Mission Foods Drag Racing Serie ...

Toyota Chairman Akio Toyoda on Tuesday apologized for safety scandals that have rocked three of the company's subsidiaries. On Monday, Toyota disclosed it was suspending shipments of some Toyota models including the Hilux truck and Land Cruiser 300 SUV after an independent panel uncovered wrongdoing in tests for diesel engines developed by supplier Toyota Industries. The disclosure comes after Toyota subsidiary Daihatsu shut down production last month after admitting to decades of fraudulent safety test res ...

By Kosaku Narioka Toyota Motor's group worldwide sales set a new record high in 2023, recovering from a slump caused by the Covid-19 pandemic and a chip shortage in previous years. The Japanese carmaker said Tuesday that global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, rose 7.2% to 11.2 million vehicles last year, exceeding the previous high of 10.7 million units in 2019. Toyota said that worldwide production climbed 8.6% to a record 11.5 million vehicles last year. In December ...