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Toyota Motor Corporation (TM) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-10-19 06:55
The latest trading session saw Toyota Motor Corporation (TM) ending at $171.53, denoting a +0.19% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.63%.Coming into today, shares of the company had lost 6.69% in the past month. In that same time, the Auto-Tires-Trucks sector lost 4.73%, while the S&P 500 gained 3.76%.The investment community will be closely monitoring the performance of Toyota Motor Co ...
Toyota Motor Corporation (TM) Declines More Than Market: Some Information for Investors
ZACKS· 2024-10-18 07:05
The latest trading session saw Toyota Motor Corporation (TM) ending at $171.20, denoting a -0.17% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.02%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.04%.The the stock of company has fallen by 2.95% in the past month, leading the Auto-Tires-Trucks sector's loss of 3.97% and undershooting the S&P 500's gain of 3.77%.The upcoming earnings release of Toyota Motor Corporation will ...
Toyota joins with Hyundai's Boston Dynamics on AI-powered robots
Techxplore· 2024-10-17 22:32
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Toyota Motor Corp.'s research unit and Hyundai Motor Co.'s Boston Dynamics are joining forces to speed up development of humanoid robots with artificial intelligence. The partnership will pair Toyota Research Institute's expertise in large behavior model learning for machines with Boston Dyna ...
Toyota GAZOO Racing Unites with Toyota North American Motorsports
Prnewswire· 2024-10-17 22:00
Toyota Racing to change name to Toyota Gazoo Racing North America in 2025PLANO, Texas, Oct. 17, 2024 /PRNewswire/ -- Toyota Motor North America (TMNA) announced today that its racing division, Toyota Racing, will formally become Toyota Gazoo Racing North America prior to the start of the 2025 motorsports season with all of its motorsports efforts competing under the global Toyota Gazoo Racing (TGR) banner. TRD, U.S.A., a subsidiary of TMNA, will continue its technical and engineering support across Toyota m ...
Toyota & Subaru Collaborate on EV Development to Cut Production Costs
ZACKS· 2024-10-08 00:46
Toyota Motor Corporation (TM) and Subaru Corporation (FUJHY) , a manufacturer and distributor of automobile products, are set to launch a jointly developed electric vehicle (EV) in Japan, the United States and Europe in 2026, per Nikkei. The production of the EV is scheduled to begin in January 2026 at Subaru’s Yajima plant in Japan’s Gunma prefecture. The plant’s production capacity is expected to rise in the range of 15,000-20,000 vehicles per month. Due to high EV prices, the companies aim to cut product ...
Toyota Delays U.S. EV Production Amid Market Shift and Design Tweaks
ZACKS· 2024-10-04 22:15
Toyota (TM) has decided to push back the production of electric vehicles (EVs) in North America, delaying its plans by several months to the first half of 2026. Originally, the company intended to start assembling a three-row electric sport utility vehicle (SUV) at its Kentucky plant in 2025, with an investment of $1.3 billion in the facility. However, recent reports indicate that Toyota has informed its suppliers of the revised schedule, marking the first known delay by a Japanese automaker in the region.T ...
Why Toyota Stock Was Sinking Today
The Motley Fool· 2024-10-04 04:07
Investors weren't keen on news of a production delay and a multimillion-dollar investment in an air taxi company.Two developments with Toyota Motor (TM -2.40%) weren't greeted with enthusiasm by the stock market Thursday. Investors exited the stock, to the point where it was trading down by almost 3% in late-session trading. That was a steeper fall than the 0.4% dip of the S&P 500 index at that point.American EV a long way offThe first piece of news was about Toyota's electric vehicle (EV) efforts. An artic ...
Toyota Fuels Joby's eVTOL Dreams With Additional $500M Investment
ZACKS· 2024-10-04 00:16
Japan’s auto giant Toyota (TM) is investing another $500 million in California-based electric vertical takeoff and landing (eVTOL) company Joby Aviation (JOBY) . This capital injection is aimed at accelerating Joby’s certification process and commercial production, signaling Toyota’s belief in the future of urban air mobility.The $500 million commitment will be delivered in two tranches, with the first installment expected by the end of this year and the second by 2025. It will bring Toyota’s total investme ...
Joby Aviation Soars With Toyota Investment and Analyst Support
MarketBeat· 2024-10-03 21:02
Joby Aviation’s NYSE: JOBY technology has been again validated. The latest news is a follow-on investment from Toyota Motor NYSE: TM, one of the company's earliest investors and a long-time proponent of personal air capability. The new deal will more than double Toyota’s investment in Joby, bringing the total to nearly $900 million, with funds distributed over the next two years. Toyota is a critical partner for Joby. Not only does it provide funding, but also powertrain and actuation components. Its engine ...
Toyota (TM) Delays North American EV Production Due to Design Changes
Gurufocus· 2024-10-03 20:10
Toyota (TM, Financial) has announced a delay in its North American electric vehicle production until the first half of 2026, attributed to design adjustments and slowing EV sales. The Japanese automaker informed suppliers that the launch of its first all-electric model in the Kentucky plant, a three-row SUV, will be postponed by a few months.Toyota spokesperson Scott Vazin indicated that production might commence in early 2026 rather than at the end of next year. Initially, Toyota anticipated starting produ ...