Toyota Motor’s shares 7203, +4.82% rose sharply to a record high, extending the previous day’s gains after the automaker raised its fiscal-year earnings forecast. Shares were recently 4.9% higher at 3,289 yen after rising as much as 7.3% to a record intraday high of Y3,364 earlier Wednesday morning. Toyota said Tuesday that it expects net profit to climb 84% to 4.500 trillion yen ($30.42 billion) for the fiscal year ending March as hybrid vehicles lead sales growth. It previously forecast a 61% increase ...

Toyota announced Tuesday the automaker is pouring another $1.3 billion into its flagship Georgetown, Kentucky, plant, where it will begin producing a new all-electric SUV. The Japanese automaker says the project will bring its investments in the plant to nearly $10 billion. Ticker Security Last Change Change % TM TOYOTA MOTOR CORP. 218.86 +15.83 +7.80% Toyota Motor Corp "Today’s announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations," said Kerry Creech ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Contributions promote recovery; customer payment relief offers assist those in need PLANO, Texas , Feb. 6, 2024 /PRNewswire/ -- Toyota Motor North America and Toyota Financial Services announced efforts to assist those suffering from the impacts of recent storms and flooding in California. Toyota contributes annually to The American Red Cross and SBP, and these funds are utilized to support recovery efforts when disasters strike around the nation. To further assist affected communities, Toyota is matching c ...

Toyota Motor is investing $1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday.The vehicle is expected to go into production between late 2025 and early 2026, according to a company spokeswoman. It is part of previously announced plans by the Japanese automaker to invest $35 billion in battery-electric vehicles, or BEVs, through 2030.A company spokesperson declined to provide additional details of the upcoming vehicle, which will likely ...

 $1.3 Billion Investment Reinforces Commitment to Stable Employment and Future Production Reinvesting Profits in the North American MarketGEORGETOWN, Ky., Feb. 6, 2024 /PRNewswire/ -- Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant's total investment to nearly $10 billion and reinforces Toyota's commitment to high-quality vehicles ...

 Adventure Awaits for the All-New 2024 Toyota Tacoma PLANO, Texas, Feb. 5, 2024 /PRNewswire/ -- Built with more power than ever before, the all-new 2024 Tacoma is completely redesigned and reimagined and ready to take on all the action. Launching today, the "More Power for More Play" campaign highlights the model 2024 truck's exciting new i-FORCE and i-FORCE MAX powertrains, rugged capabilities, modern technology and features that are guaranteed to amplify life's exciting adventures and off-roading excursio ...

 Toyota Will Showcase the All-New 2024 Tacoma through Advertising, Live Content and Fan ExperiencesPLANO, Texas, Feb. 2, 2024 /PRNewswire/ -- Toyota Motor North America (TMNA) today unveiled a series of announcements and experiences as part of its first Super Bowl activation as the Official Automotive Partner of the NFL.  Toyota Signs Eli Manning and Brock Purdy as National Partners and Announces Plans for Super Bowl LVIII as The “Official Automotive Partner of the NFL” Eli Manning and Brock Purdy name ...

SPRING, Texas--(BUSINESS WIRE)--Mobil 1™ and TRD USA (Toyota Racing Development) announced today the first-of-its-kind expansion of the iconic brands’ long-standing motorsports relationship, which includes Mobil 1 primary assets across all three of Toyota’s NASCAR Cup Series teams – Joe Gibbs Racing (JGR), 23XI Racing (23XI), and LEGACY MOTOR CLUB (LEGACY M.C.) – along with continued primary placements within multiple other racing series that Toyota competes in including NHRA Mission Foods Drag Racing Serie ...

Toyota Chairman Akio Toyoda on Tuesday apologized for safety scandals that have rocked three of the company's subsidiaries. On Monday, Toyota disclosed it was suspending shipments of some Toyota models including the Hilux truck and Land Cruiser 300 SUV after an independent panel uncovered wrongdoing in tests for diesel engines developed by supplier Toyota Industries. The disclosure comes after Toyota subsidiary Daihatsu shut down production last month after admitting to decades of fraudulent safety test res ...