Group 1 - The core issue of the Toyota class action lawsuit is the allegation that Toyota and certain executives made false or misleading statements regarding the certification of its cars and legal compliance during the Class Period from June 23, 2022, to June 2, 2024 [2][3] - On June 3, 2024, Toyota disclosed an investigation into its model certification applications, revealing that seven models were tested using methods that differed from government standards, leading to a decline in the price of Toyota American Depositary Shares [2][3] - The lawsuit allows any investor who purchased Toyota publicly traded securities during the Class Period to seek appointment as lead plaintiff, representing the interests of the class [3] Group 2 - Robbins Geller Rudman & Dowd LLP is a leading firm in complex class action lawsuits, having recovered over $1.75 billion for investors in 2022 alone, marking the third consecutive year at the top of the ISS Securities Class Action Services Top 50 Report [4] - The firm has recovered nearly $5.3 billion for investors over the past three years, significantly more than any other plaintiffs' firm [4] - Robbins Geller has a history of obtaining some of the largest securities class action recoveries, including the largest ever at $7.2 billion in the Enron case [4]

Core Viewpoint - Allegations of regulatory cheating by Toyota and other Japanese automakers have emerged, but the infractions appear more embarrassing than substantive, with no recalls or safety defects found [2][3] Group 1: Regulatory Issues - Toyota conducted crash tests at higher speeds than indicated, leading to government sanctions for improper testing [2] - The government findings did not result in any recalls or safety defect discoveries [3] Group 2: Management and Shareholder Sentiment - Toyota chairman Akio Toyoda was re-elected with a 72% approval margin, a decline from previous years [3] - The company is tightening procedures related to regulatory certification in response to criticisms [3] Group 3: Electric Vehicle Strategy - Toyota's slow approach to battery-electric vehicles (BEVs) has drawn criticism, with environmental activists arguing for a faster transition [5] - A McKinsey survey indicated that 46% of BEV owners in the U.S. and 29% globally wish to switch to non-BEV propulsion for their next vehicle [6] Group 4: Financial Performance - In the latest fiscal year, Toyota achieved a record revenue of $298 billion and a net income of $32.7 billion [6] - The operating profit reached 5.35 trillion yen ($34.5 billion), nearly double the previous year's total [6] Group 5: Shareholder Returns - Toyota plans to revise its dividend policy to ensure stable and continuous increases in dividends, focusing more on payouts than share repurchases [8] - The company aims to reward long-term shareholders with a new dividend policy [8] Group 6: Future Plans - Toyota plans to sell 3.5 million EVs annually by 2030, a significant increase from just over 100,000 global EV sales in 2023 [9] - The introduction of solid-state batteries is expected to revolutionize the market, with potential driving ranges of 621 miles and charging times of 10 minutes by 2027 [11] Group 7: Competitive Landscape - Rising competition from Chinese automakers poses a challenge, as they introduce low-cost and aesthetically pleasing BEV models [12] - Chinese companies are making advancements in solid-state battery technology, which may impact Toyota's market position [12]

Core Points - Toyota Motor North America recognized exceptional performance among its North American parts and components suppliers with a total of 69 awards for 2023 [1][2][3] - The awards are categorized into "Superior" and "Excellent" classifications, focusing on various key areas such as technology, supplier diversity, quality, and value improvement [2][3] - The recognition program emphasizes Toyota's commitment to fostering strong relationships with suppliers based on quality, innovation, and sustainability [4] Supplier Awards - Superior Awards were given to suppliers like Enova Premier, LLC and Aisin Drivetrain, Inc. for their contributions to the launch of new models [2] - Excellent Awards were presented to suppliers such as ABC Technologies and Flex-N-Gate for their quality performance [2] - The awards reflect a comprehensive evaluation based on specific Key Performance Indicators (KPIs) aligned with Toyota's performance objectives [3] Supplier Evaluation - Suppliers are evaluated annually, and the number of awards varies based on an internal scoring system [3] - Direct suppliers are recognized for individual contributions, while indirect suppliers are commended for achievements in cost improvement and technology [2][3] Company Overview - Toyota has been part of the U.S. cultural fabric for over 65 years, employing more than 49,000 people and contributing to the design and assembly of over 34 million vehicles [8] - The company is committed to advancing sustainable mobility and plans to manufacture automotive batteries at its 10th plant in North Carolina by 2025 [8] - Toyota offers 29 electrified vehicle options, leading the market in electrified vehicles [8]

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 ...

This collaborative effort aims to research sustainable energy solutions and provide local energy grid resiliencePLANO, Texas and WASHINGTON, June 17, 2024 /PRNewswire/ -- Toyota Motor North America (Toyota) and local energy utility Pepco are working together on vehicle-to-grid (V2G) research for battery electric vehicles (BEVs) using a Toyota bZ4X. This collaborative effort will explore bidirectional power flow technology that will allow BEV owners to not only charge their vehicle's battery but also send po ...

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them.Tomohiro Ohsumi | Getty Images News | Getty ImagesJapan's largest carmaker Toyota has been in the spotlight recently, but for all the wrong reasons.Goods and services from the land of the rising sun are known for their high standards and quality, a ...

NEW YORK, June 13, 2024 /PRNewswire/ -- 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.To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=25663 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for ...

NEW YORK, June 12, 2024 /PRNewswire/ -- The unmistakable futuristic hum from passing vehicles on the road signals a new era in transportation and mobility. The automotive industry is transforming with new ownership models, cutting-edge connectivity, and innovative advanced electrified powertrains.But with change, comes questions: why are automakers focusing so much on electrified powertrains? What does this shift, marked by the futuristic hum, really mean for consumers, and is this transformation really nec ...

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, June 11, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Toyota Motor Corp (“Toyota” or the “Company”) (NYSE: TM) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Toyota investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesle ...