Toyota Motor Corporation (TM) closed the most recent trading day at $204.97, moving +0.53% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.41%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw a decrease of 0.71%.The company's shares have seen a decrease of 4.8% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 2.27% and the S&P 500's gain of 3.53%.The investment community will be closely monitoring the ...

Key TakeawaysToyota and its Chinese state-owned joint venture partner Guangzhou Automobile Group expect to release an electric vehicle (EV) capable of autonomous driving in China next year.The move comes after Tesla recently won tentative approval to launch its Full Self-Driving (FSD) system in the country.Tesla is reportedly targeting a launch of its FSD system in China later this year. Toyota Motor (TM) and its Chinese state-owned joint venture (JV) partner Guangzhou Automobile Group (GAC) reportedly expe ...

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Toyota Motor Corporation (NYSE: TM) between June 23, 2022 and June 2, 2024, both dates inclusive (the “Class Period”). A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 23, 2024 in the securities class action first filed by the Firm. SO WHAT: If you ...

PHILADELPHIA, June 28, 2024 (GLOBE NEWSWIRE) -- A securities fraud lawsuit has been filed against Toyota Motor Corp. (“Toyota” or the “Company”) (NYSE: TM). The lawsuit is captioned Abeed v. Toyota Motor Corp., et al., No. 2:24-cv-05284 (C.D. Cal.), and is filed on behalf of purchasers of Toyota securities between June 23, 2022 and June 2, 2024, inclusive (the “Class Period”). CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT. Investors who purchased or acquired Toyota securities during the Class Period may, no l ...

NEW YORK, June 28, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Toyota Motor Corporation (NYSE: TM).Shareholders who purchased shares of TM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/toyota-loss-submission-form-2/?id=87839&from=4CLASS PERIOD: June 23, 2022 to June 2, 2 ...

LOS ANGELES, June 26, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Toyota Motor Corporation (“Toyota” or “the Company”) (NYSE: TM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between June 23, 2022 and June 2, 2024, inclusive (the “Class Period”), ...

Fielding seven competition teams with fourteen participants in this year's eventWill field a team in the X-CROSS® Class for first timePresenting sponsor of the event's Live Webcast for third consecutive yearPLANO, Texas, June 26, 2024 /PRNewswire/ -- Toyota Motor North America (Toyota) today announced it has renewed its commitment to Rebelle Rally, the leading women-only off-road navigation rally, as a sponsor and multi-team participant for the third consecutive year. This year, fourteen Toyota team members ...

Core Viewpoint - Rivian Automotive is positioned to benefit from reduced competition in the EV market as major players like Toyota shift focus away from electric vehicles, allowing Rivian to capture market share without facing significant competition from traditional automakers [6][10]. Group 1: Rivian's Current Position and Strategy - Rivian is making significant progress in achieving profitability from existing production levels, with a focus on improving production efficiency at its Normal, IL plant [9]. - The company has retooled its plant to enhance R1 production efficiency, aiming for a gross margin improvement by Q4 2024 [9]. - Rivian's Q1 2024 gross loss per unit delivered was $39,784, but management plans to reduce this loss significantly by Q3 2024 [9]. Group 2: Future Catalysts - The launch of lower-end R2 and R3 models is expected to provide a substantial market opportunity, with production plans set for 215,000 units, focusing primarily on these new models [9]. - Rivian's long-term sales projections suggest potential revenue of $47 billion by 2030, with a significant increase in production capacity from its plants [9]. - The upcoming Investor Day on June 27, 2024, could serve as a major catalyst for the stock if management confirms a reduction in loss per unit [10]. Group 3: Competitive Landscape - Toyota's shift towards internal combustion engines (ICE) and hybrid vehicles reduces competition for Rivian in the EV market, as the company focuses on expanding its electric vehicle offerings [6][10]. - Rivian's market position is strengthened by the retreat of other major automakers like Ford from aggressive EV production, allowing Rivian to capture a larger share of the market [6][8].

Core Viewpoint - A class action lawsuit has been filed against Toyota Motor Corp Ltd for alleged violations of federal securities laws, claiming that the company made false statements and failed to disclose critical information regarding its legal compliance and vehicle certification issues [1][3]. Group 1: Class Definition - The lawsuit seeks to recover damages for all individuals and entities that purchased Toyota securities between June 25, 2022, and June 2, 2024, referred to as the "Class Period" [2]. Group 2: Case Details - The Complaint alleges that during the Class Period, Toyota understated its malfeasance related to vehicle certification and legal compliance, leading to materially false and misleading statements about its business and operations [3]. - The lawsuit claims that when the true details were revealed, investors suffered damages as a result of the misleading information provided by the defendants [3]. Group 3: Next Steps - Investors who suffered losses in Toyota have until August 23, 2024, to request to be appointed as lead plaintiff in the class action lawsuit [4]. Group 4: Legal Representation - The law firm representing the investors operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and attorney fees if they are successful in the case [5][6].

Core Points - A class action lawsuit has been filed against Toyota Motor Corporation for alleged securities fraud and unlawful business practices [1] - Toyota disclosed that it mishandled vehicle testing for several models, including failing to gather proper data for safety tests on three models [2] - Following the announcement of the mishandled tests, Toyota's American depositary share price dropped by $5.34, or 2.45%, closing at $212.17 [2] Group 1 - The class action lawsuit is based on claims that Toyota and certain officers/directors engaged in securities fraud [1] - Shareholders who purchased Toyota securities during the Class Period can request to be appointed as Lead Plaintiff by August 23, 2024 [1] - Toyota's announcement regarding the mishandled safety tests was made after an investigation prompted by the Ministry of Land, Infrastructure, Transport and Tourism [2] Group 2 - The New York Times reported that Toyota and other Japanese automakers acknowledged mishandling vehicle testing over the past decade [2] - The specific models mentioned include the popular Yaris Cross sport utility vehicle, which was part of the safety test failures [2] - Pomerantz LLP, the firm handling the class action, has a long history in corporate and securities class litigation, recovering billions for class members [3]