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 ...

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]

Core Insights - Toyota Motor North America has launched an NFL-themed campaign to strengthen its connection with football fans and celebrate the NFL season [1][2] - The campaign features various Team Toyota athletes and aims to engage fans through multiple platforms, including digital and in-game content [1][2] Campaign Overview - The campaign is titled "We Roll Deep" and will debut on September 5 during the NFL season kickoff game between the Baltimore Ravens and Kansas City Chiefs [2] - It includes a season-long schedule of content across linear broadcast, digital, and social media formats [1][2] Fan Engagement Initiatives - Toyota's Gameday Giveaway will incentivize fan participation during select Sunday Night Football games, offering prizes such as NFL tickets and a new 2025 Toyota Land Cruiser [2][3] - Weekly challenges will be available for fans to win prizes based on specific game events, such as interceptions and deep passes [3] Cultural Campaigns - An original social media campaign, "We Roll Deep," will honor the Latino heritage in football, featuring videos with notable figures discussing culture and football history [4] - Collaboration with "The Mina Kimes Show featuring Lenny" will highlight NFL personalities discussing family and culture, focusing on diverse backgrounds [5] Commitment to Football - Toyota has a long-standing commitment to football, having supported grassroots initiatives for over 65 years, and recently became the Presenting Partner of NFL Flag tournaments across the U.S. [6][7] - The company aims to spotlight the community involvement of its Team Toyota athletes, which includes rising stars and established NFL figures [7] Company Background - Toyota has been a significant player in North America for over 65 years, employing more than 63,000 people and manufacturing nearly 47 million vehicles [8] - The company is advancing its commitment to sustainable mobility with plans to manufacture automotive batteries for electrified vehicles by 2025 [8]

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 ...

Group 1 - Toyota Motor Corporation and BMW AG are expanding their collaboration on fuel cell vehicles to enhance the competitiveness of hydrogen-powered cars, with an official announcement expected on September 5, 2024 [1] - Under the new partnership, Toyota will supply key components such as hydrogen tanks and fuel cell systems to BMW, which will manufacture and sell mass-produced fuel cell vehicles in the coming years [1][2] - The partnership aims to standardize components and reduce production costs of fuel cell vehicles, which have faced challenges in popularity due to high costs and affordability issues [2] Group 2 - Toyota launched the world's first mass-produced fuel cell vehicle, the Mirai, in 2014, but has sold only about 26,000 units due to its high price of over 7 million yen compared to the average car price in Japan of 2.64 million yen in 2023 [3] - BMW has developed a concept fuel cell vehicle, the iX5 Hydrogen, which features two hydrogen tanks and offers a range of over 310 miles with a refueling time of 3-4 minutes [4] - The expanded alliance is expected to focus on developing hydrogen infrastructure in Europe, where there are currently only 270 hydrogen filling stations compared to 632,000 public battery electric vehicle charging stations as of the end of 2023 [4]

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 ...

Core Viewpoint - The current market conditions suggest that investing in established automakers like Toyota may present a contrarian opportunity despite recent underperformance compared to the S&P 500 index [1] Group 1: Market Performance - Toyota retained its position as the world's top carmaker with unit sales of 5.16 million vehicles in the first half of the year, although this was nearly 5% lower than the same period in 2023 [2] - The company faced significant challenges in Japan, with a 32% year-over-year decline in total unit sales due to a testing scandal involving its Daihatsu division [2] - Sales in China also fell by almost 11% due to sluggish economic growth and increased competition from domestic manufacturers [2] Group 2: Sales Dynamics - Despite challenges in certain markets, Toyota's sales in North America increased by nearly 15%, driven by the popularity of its traditional internal combustion engine and hybrid models [3] - In Europe, Toyota's sales rose by just over 10%, indicating a favorable reception for its hybrid offerings [3] Group 3: Strategic Shifts - Toyota is shifting its strategy to increase hybrid production and invest in alternative green technologies, including hydrogen vehicles, positioning itself well if the electric vehicle market slows down [4] - Analysts predict a dip in profitability for fiscal 2025, with earnings per American depositary receipt (ADR) expected to decrease from $22.58 to $21.71, but a recovery to $22.85 is projected for fiscal 2026 [5] Group 4: Dividend and Investment Outlook - Toyota offers a reliable dividend yield of just under 2.2%, which is more attractive than the average 1.3% yield of S&P 500 stocks [6] - The company's strategy, while once seen as outdated, has proven viable, and its strong brand and technology are expected to maintain its competitive edge [6]

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 ...