Toyota's new commercial may prompt investors to realize that Toyota stock is looking pretty cheap today.Toyota Motor (TM 3.35%) stock revved 3.4% higher through 10:35 a.m. ET Tuesday after announcing a new marketing campaign to attract Millennial and Gen Z buyers to its cars -- specifically, the Corolla Hybrid and Corolla Hybrid Nightshade edition. The campaign centers around a 4.5-minute "short film" titled "Getaway Driver" starring internet personality "King Bach," which will be released at 5 p.m. ET toni ...

Toyota Motor Corporation's (TM) Lexus charging stations are now open to all EV brands in Japan. With their 150kW max quick chargers, other EVs can now use Lexus charging stations. Previously, these stations were exclusive to Lexus owners and accessible via the My Lexus app. The charging fee is ¥120 per minute and users are required to make a reservation online. It offers users complimentary refreshments, workspaces, reserved spots and discounts on various services.Users can also reserve a spot up to 60 days ...

Global Automotive Market and Sales Performance - Toyota sold 9,443 thousand vehicles in fiscal 2024, with sales revenues of ¥45,095.3 billion and net income of ¥5,071.4 billion[43] - 21.1% of Toyota's automobile unit sales were in Japan, 29.8% in North America, 12.6% in Europe, and 19.1% in Asia during fiscal 2024[47] - The global automotive market expanded by 9% year-over-year in 2023, driven by pent-up demand and eased semiconductor supply constraints[49] - Toyota estimates annual worldwide vehicle sales totaled approximately 89 million units in 2023[48] - In fiscal 2024, Toyota's sales in North America reached ¥17,624,268 million, Europe ¥5,503,738 million, and Asia ¥7,604,269 million[46] - Toyota's automotive sales revenue reached ¥41,266.2 billion in fiscal 2024, up from ¥33,820.0 billion in fiscal 2023 and ¥28,605.7 billion in fiscal 2022[115] - Toyota's total vehicle unit sales increased from 8,230 thousand units in 2022 to 9,443 thousand units in 2024, with North America being the largest market at 29.8% of total sales in 2024[122] - In Japan, Toyota's market share (excluding mini-vehicles) remained stable at 51.1% in 2022 and 2023, and increased to 51.8% in 2024[124][125] - Toyota's North American retail sales decreased from 2,681 thousand units in 2021 to 2,617 thousand units in 2023, with market share declining from 15.0% to 13.9%[124] - In Europe, Toyota's retail sales increased from 1,076 thousand units in 2021 to 1,174 thousand units in 2023, with market share fluctuating between 6.4% and 7.3%[124] - Toyota's vehicle production in Japan increased from 3,738 thousand units in 2022 to 4,042 thousand units in 2024, maintaining its position as the largest production base[138] - In China, Toyota's vehicle sales decreased slightly from 1.94 million units in 2022 to 1.90 million units in 2023, with a market share of 8.4% in the domestically produced passenger vehicle market[133] - Toyota's production in Asia increased significantly from 1,499 thousand units in 2022 to 1,876 thousand units in 2024, reflecting the growing importance of the region[138] Regional Market Performance - The automotive market in China grew to approximately 26.00 million units in 2023, representing 30% of the global market share[51] - Toyota expects the automotive market to grow in the medium- to long-term, driven by growth in China and other emerging countries[52] - Toyota's distribution network in Japan consists of 236 dealers operating approximately 4.5 thousand sales and service outlets, with a focus on improving showroom and online sales[140][141] - The Lexus brand in Japan is distributed through a dedicated network of 187 new-vehicle sales outlets, enhancing Toyota's competitiveness in the luxury automotive market[142] Financial Performance and Operations - Toyota's automotive operations generated ¥41,080,731 million in sales, financial services ¥3,447,195 million, and all other operations ¥567,399 million in fiscal 2024[44] - The company operates through 577 consolidated subsidiaries and 165 associates and joint ventures as of March 31, 2024[41] - Toyota's financial services revenue grew to ¥3,484.1 billion in fiscal 2024, with a 30% share of financing for new Toyota and Lexus vehicle sales[214] - Finance receivables for Toyota's dealer and customer financing operations increased by 27.9% to ¥31,694.3 billion as of March 31, 2024[217] - Approximately 40% of Toyota's unit sales in the U.S. during fiscal 2024 included a finance or lease arrangement with Toyota[218] - Toyota Finance Corporation has 16.2 million credit card holders as of March 31, 2024[226] - Sales revenues from Toyota's non-automotive business activities totaled ¥1,368.1 billion in fiscal 2024[227] Environmental and Sustainability Goals - Toyota aims to reduce average CO2 emissions for vehicles sold worldwide by 33% or greater by 2030 and by 50% or greater by 2035 compared to 2019[65] - Toyota targets carbon neutrality at all global plants by 2035 and aims to reduce BEV production line processes by half through TPS improvements[73] - Toyota will increase battery efficiency for PHEVs to extend EV-mode driving range beyond 200 km, repositioning them as "the practical BEV"[74] - Toyota plans to mass-produce FCEVs, focusing on commercial vehicles, and has started basic research on hydrogen engines for heavy-duty commercial vehicles[75] - Toyota is conducting demonstration experiments in Woven City for CO2-free hydrogen supply chains and city-integrated autonomous mobility, with plans for real-city implementation from 2025[70] - Toyota is collaborating with partners in Thailand to address regional issues like traffic congestion, air pollution, and road accidents using electrification and connected technologies[84] - Toyota incurred significant costs to comply with environmental and safety regulations, viewing leadership in environmental protection as a competitive factor[228] Electric and Hydrogen Vehicle Development - Toyota plans to release next-generation BEVs in 2026 with double the driving range of the current bZ4X, using more efficient batteries[72] - Toyota's new BEV development unit, created in May 2023, has halved per-unit development costs and investment in in-house production compared to pre-TNGA levels[74] - Toyota will expand its BEV lineup in developed countries, including a three-row SUV in the U.S. in 2025 and locally developed models like the bZ3C and bZ3X in China[82] - Toyota aims to achieve cost reductions and continuous improvement (Kaizen) by leveraging TPS strengths, enhancing investment capacity for BEV and mobility growth[83] - Toyota plans to expand its battery production capacity in North America, aiming to produce over 30GWh annually for BEV/PHEV batteries by adding eight new production lines[128] - Toyota plans to increase annual BEV sales to 3.5 million units by 2030, up from the previous target of 2 million units[147] - Toyota will invest up to 730 billion yen in Japan and the US for BEV battery production, aiming for a capacity increase of up to 40 GWh[148] - Toyota aims to introduce 10 new BEV models by 2026 and achieve annual sales of 1.5 million BEV units by the same year[148] - Next-generation BEVs planned for 2026 will double the driving range of the current bZ4X using more efficient batteries[148] - Toyota plans to invest approximately 5 trillion yen in BEV production, battery plants, and R&D through 2030[155] - The company aims to achieve a cruising range of 1,000 km for next-generation BEVs by 2026, with a 20% cost reduction and quick charge time of 20 minutes or less[156] - Toyota is developing low-cost liquid lithium batteries with a 20% increase in cruising range and 40% cost reduction compared to the current bZ4X, targeting commercialization in 2026-2027[157] - The high-performance version of the bipolar lithium-ion battery aims for a 10% increase in cruising range and a 10% cost reduction, with commercialization expected in 2027-2028[161] - Toyota is advancing the development of all-solid-state batteries, targeting commercialization in 2027-2028, with a partnership with Idemitsu Kosan Co., Ltd. for mass production[163] - The company expects to receive offers for 100,000 units of fuel cells annually by 2030, primarily for commercial vehicles[164] - Toyota aims to reduce manufacturing costs by 25% by unifying hydrogen tank standards for large commercial vehicles across Europe, the U.S., and Japan[171] - Trials of a new hydrogen electrolyzer developed by Toyota began in March 2023 at the DENSO Fukushima plant[172] - Toyota's hydrogen engine-equipped Corolla completed the Fuji 24 Hours Race in May 2023 after design improvements to address safety concerns[177] - The number of partners collaborating with Toyota on hydrogen engine development grew from 8 companies in May 2021 to 45 companies by the end of the 2023 season[178] Safety and Autonomous Driving Technologies - Toyota Safety Sense has been installed in more than 46 million vehicles globally as of March 2024 and is available in 144 countries and regions[188] - Toyota's HELPNET emergency reporting system automatically contacts operators when airbags deploy, enabling rapid emergency response[191] - Toyota's Advanced Drive system, equipped in Lexus LS and Mirai models, assists driving on expressways and supports Over-the-Air upgrades[194] - Commercial Japan Partnership Technologies (CJPT) was established in April 2021 to accelerate CASE implementation and address transportation industry challenges[197] - Toyota is implementing 580 electrified vehicles, including fuel cell electric trucks and BEV trucks, in Fukushima Prefecture and Tokyo for large-scale logistics[201] - Fukuoka City is implementing FCEVs for garbage compactor trucks, ambulances, and other daily-use vehicles, supported by local hydrogen stations[202] - AEON's Minami-Osaka distribution center demonstration project improved truck loading efficiency and expanded to Kyushu region, confirming certain improvements[203] - CJPT-Asia established to promote energy, data, and mobility solutions in Thailand, including renewable energy use and hydrogen production from biogas[204][205] - Woven City project to commence limited demonstration testing in 2025, focusing on automated driving, MaaS, personal mobility, robotics, smart homes, and AI[206][212] Regulatory Compliance and Governance - The company is addressing certification irregularities at subsidiaries Daihatsu, Hino, and Toyota Industries, with over 50 Toyota members joining Daihatsu to review regulations and conduct retests[99][100] - Toyota plans to outsource compact car development and certification to ensure compliance with laws and regulations, shifting responsibility from Daihatsu to Toyota[100] - The company is prioritizing the creation of "reserve capacity" in production and development, reducing maximum daily production from 14,500 units to improve workplace communication and safety[107] - Toyota is expanding its auditing of subsidiaries, focusing on corporate culture, workplace environment, and legal compliance, while also implementing self-inspection tools[111] - Toyota is strengthening internal control and risk management at subsidiaries, including the establishment of a new Governance, Risk, and Compliance Management Division at Daihatsu[108] - Japan elected as vice chair of WP.29 in November 2022 to lead international harmonization of vehicle regulations[231] - The EPA finalized Tier 3 tailpipe emission standards for passenger vehicles, light-duty trucks, and some heavy-duty vehicles, effective from model years 2017 to 2025, aligning with California's standards[233] - Tier 3 standards require reductions in gasoline's sulfur content starting in model year 2017[233] - The EPA announced Tier 4 emission standards for passenger vehicles, light-duty trucks, and some heavy-duty vehicles, effective from model year 2027 through 2032[234] - California's Advanced Clean Cars (ACC) program, established under a 2013 EPA waiver, includes LEV III regulations reducing smog-causing pollutants and greenhouse gases for model years 2015 to 2025[235][236] - LEV III regulations cover evaporative emissions and guaranteed useful life standards for passenger cars and light-duty trucks[236] Product Development and Innovation - Toyota is working towards making all its vehicles connected, leveraging big data to create new value and reform businesses[44] - Toyota is expanding its multi-pathway strategy, focusing on hybrid vehicles, BEVs (Battery Electric Vehicles), and hydrogen mobility, with BEVs being developed as "software-defined vehicles" (SDVs)[89] - The company is developing a new car architecture for BEVs, including compact and lightweight power units, aiming to integrate mobility values with social systems based on energy and data[89][90] - Toyota is accelerating R&D efforts to strengthen future value creation, with a focus on generative AI and automated driving technologies[90][91] - Toyota launched the all-new Crown in fiscal 2023, offering four variations to meet diverse customer needs, and plans to introduce new PHEVs (Plug-in Hybrid Electric Vehicles) in the future[118][119]

The 120th Ordinary General Shareholders’ Meeting Notice of Convocation Date and time: 10:00 a.m., Tuesday, June 18, 2024 Venue: Toyota Head Office, 1, Toyota-cho, Toyota City, Aichi Prefecture Resolutions: TMC Proposals Proposed Resolution 1: Election of 10 Members of the Board of Directors Proposed Resolution 2: Election of 1 Audit & Supervisory Board Member Proposed Resolution 3: Election of 1 Substitute Audit & Supervisory Board Member Shareholder Proposal Proposed Resolution 4: Partial Amendments to the ...

Humorous, horror-inspired short film stars noted internet comedian and actor 'King Bach'PLANO, Texas, June 24, 2024 /PRNewswire/ --Toyota today announced the release of the short brand film Getaway Driver, as part of its latest national ad and media campaign supporting the Corolla Hybrid. The Corolla Hybrid Nightshade Edition, a style driven vehicle that is fun to drive, features a sporty exterior, 18-inch bronze finished wheels and blacked-out accents.Toyota's short film, Getaway Driver.Two of Bach’s frien ...

SAN DIEGO, June 24, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Toyota Motor Corporation (NYSE: TM) publicly traded securities between June 23, 2022 and June 2, 2024, inclusive (the “Class Period”), have until August 24, 2024 to seek appointment as lead plaintiff of the Toyota class action lawsuit. Captioned Abeed v. Toyota Motor Corporation, No. 24-cv-05284 (C.D. Cal.), the Toyota class action lawsuit charges Toyota and certain of Toyota’s top current ...

Toyota bZ4X on a road. One of very few Toyota EVs currently in production. Tramino The uproar over alleged regulatory cheating by Toyota Motor Corp. (NYSE:TM) and four other Japanese automotive companies made juicy headlines. A closer inspection of the infractions looks more embarrassing than substantive. In one instance, Toyota is supposed to have conducted a crash test of one of its models at a higher speed than indicated. (The tests mandated by the government are largely self-administered.) The deviation ...

YORK TOWNSHIP, Mich., June 21, 2024 /PRNewswire/ -- Toyota Motor North America ('Toyota') is recognizing exceptional performance among its North American parts and components suppliers with awards for 2023. Toyota's annual recognition program pays tribute to both its direct and indirect suppliers who have consistently surpassed the company's expectations across various key areas.Toyota Recognizes North American Parts and Components Suppliers for Excellence in 2023This year, Toyota bestowed a total of 69 awa ...

NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Toyota Motor Corporation (NYSE: TM) resulting from allegations that Toyota may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Toyota securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...

Toyota Motor Corporation (TM) ended the recent trading session at $194.14, demonstrating a -0.54% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.25%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.03%.Prior to today's trading, shares of the company had lost 11.47% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 2.37% and the S&P 500's gain of 3.34% in that time.The upcoming earnings release of Toy ...