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Why FuelCell Energy Stock Jumped 9% Today
The Motley Fool· 2024-09-17 15:50
Fuel cell investors got some good news today, but it's not good enough to make the stock a buy.FuelCell Energy (FCEL 11.00%) stock popped 9.3% through 11:10 a.m. ET Tuesday on some curious news -- news that at first glance didn't seem to have much to do with FuelCell. Over in Turkey, bus manufacturer Karsan announced plans to launch a hydrogen fuel cell bus powered by Toyota (TM -1.40%) fuel cell modules in 2025.As H2 View reported this morning, the new bus will boast a driving range of 500 kilometers. What ...
Toyota Sienna Adds New Seat Reminder Tech and Interior Updates for 2025
Prnewswire· 2024-09-17 12:55
Toyota's New Advanced Rear Seat Reminder Makes its Global Debut on SiennaConvenient New Vacuum and FridgeBox™ Now Standard on Platinum and Available on LimitedUpdated Interior Fit and Finish on Seats, Console, and Dashboard for All GradesLatest Toyota Audio Multimedia System Now Standard with Available 12.3-in. TouchscreenDigital Gauge Cluster Now Available on XSE, Woodland Edition, Limited, and PlatinumWoodland Edition and Platinum Grade Change Up Wheel Styling for 2025Magnetic Gray Metallic Exterior Color ...
Why Toyota Motor Corporation (TM) Outpaced the Stock Market Today
ZACKS· 2024-09-12 22:56
Toyota Motor Corporation (TM) closed the most recent trading day at $176.18, moving +0.85% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.The the stock of company has fallen by 1.31% in the past month, lagging the Auto-Tires-Trucks sector's gain of 8.02% and the S&P 500's gain of 4.03%.Analysts and investors alike will be keeping a close eye on ...
Toyota Dials Back Battery Electric (BEV) Production Plans, Strengthening Global Leadership
Seeking Alpha· 2024-09-09 17:07
Lexus RZ 450e Luxury display. Lexus offers the RZ 450e BEV with 308HP Dual Electric motors. MY:2024 jetcityimage/iStock Editorial via Getty Images What looked like a stubborn and iconoclastic position by Toyota Motor Corporation (NYSE:TM) with regard to the manufacture of pure battery-electric vehicles may be helping to position the Japanese automaker as an extremely attractive investment candidate among its global rivals. Toyota and its chairman, Akio Toyoda, have adhered to an analysis they say will bette ...
Toyota Reduces 2026 EV Production Target by 30% Amid Weak Demand
ZACKS· 2024-09-09 15:06
Toyota Motor Corporation (TM) has significantly reduced its electric vehicle (EV) production target for 2026 by 30% due to slower global EV adoption, per Nikkei. It now plans to produce one million EVs in 2026, a sharp reduction from earlier projections. For 2025, Toyota's new EV production goal is 400,000 units.Despite the adjustments, the automaker still aims to produce 1.5 million EVs annually by 2026 and 3.5 million by 2030. However, these figures are benchmarks rather than strict targets for shareholde ...
BMW, Toyota To Collaborate on Hydrogen Fuel Cell Technology
Investopedia· 2024-09-05 18:42
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]
Toyota Delivers Star-Packed NFL Campaign That Invites Fans to "Roll Deep" Together All Season Long
Prnewswire· 2024-09-04 16:00
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 recalls more than 43K vehicles over defects
New York Post· 2024-09-03 18:06
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 ...
Is Toyota Motor (TM) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-09-03 14:30
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 & BMW to Solidify Partnership to Expedite FCV Development
ZACKS· 2024-08-28 14:25
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 ...