7203.T - Toyota Motor Corporation

Tokyo - Tokyo Delayed Price. Currency in JPY
7,379.00
-4.00 (-0.05%)
As of 11:35AM JST. Market open.
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Previous Close7,383.00
Open7,390.00
Bid7,372.00 x 0
Ask7,379.00 x 0
Day's Range7,364.00 - 7,397.00
52 Week Range6,045.00 - 7,500.00
Volume1,340,700
Avg. Volume4,906,530
Market Cap20.928T
Beta (3Y Monthly)0.81
PE Ratio (TTM)11.21
EPS (TTM)658.27
Earnings DateNov 8, 2019
Forward Dividend & Yield240.00 (3.22%)
Ex-Dividend Date2019-03-27
1y Target Est8,332.90
  • Toyota conducts final phase of recall to replace Takata airbag inflators
    Reuters

    Toyota conducts final phase of recall to replace Takata airbag inflators

    Previously installed Takata inflators will be replaced by those produced by other suppliers ahead of the National Highway Traffic Safety Administration's schedule, the company said. At least 24 deaths worldwide have been linked to the rupturing of faulty Takata air bag inflators, including 16 in the United States. The defect led Takata to file for bankruptcy protection in June 2017.

  • Record-Low 0.0000000091% Yield on Yen Bond Shows BOJ Effect
    Bloomberg

    Record-Low 0.0000000091% Yield on Yen Bond Shows BOJ Effect

    (Bloomberg) -- Japan’s corporate debt market has marked a milestone with a record-low 0.0000000091% yield.The landmark bond sale from a Toyota Motor Corp. unit highlights how the Bank of Japan’s ultra-low rate policy is distorting the market: not just by guiding rates to new lows but also by creating opportunities for traders to still profit.It works like this: the BOJ periodically buys corporate bonds rated BBB or higher and with a remaining maturity of one to three years on the secondary market, as part of its asset purchases. In the so-called BOJ trade, traders who correctly anticipate which securities it will buy can profit by purchasing those notes at issuance and later selling them to the central bank at a higher price.“The BOJ distorts market prices by buying debt at a higher price than what’s sold in the market,” in a side effect of its bond-buying operation, said Toshiyasu Ohashi, chief credit analyst at Daiwa Securities Co.That dynamic appeared to be at play in Toyota’s case.The automaker’s unit, Toyota Finance Corp., will issue two tranches of 20 billion yen ($184 million) in three-year and five-year bonds each on Oct. 25, it said last week. The three-year notes will yield an unprecedentedly low 0.0000000091%. That means even if you bought 1 billion yen of the bonds and held them to maturity, you wouldn’t even make 1 yen.Still, demand for the three-year notes was brisk, according to underwriters. It was stronger than for the five-year bonds because the shorter-dated securities would meet the central bank’s maturity requirements, allowing traders to bet that they may be able to sell later to the BOJ at a higher price.Toyota Finance also has high credit ratings, with an Aa3 grade from Moody’s Investors Service and an AA+ score from Rating & Investment Information.The central bank said last month that it will buy corporate bonds worth about 125 billion yen on Oct. 24 and about 100 billion yen on Nov. 29.(Adds Toyota Finance’s ratings in the second-to-last paragraph)To contact the reporters on this story: Ayai Tomisawa in Tokyo at atomisawa@bloomberg.net;Issei Hazama in Tokyo at ihazama@bloomberg.netTo contact the editors responsible for this story: Andrew Monahan at amonahan@bloomberg.net, Ken McCallumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • American City Business Journals

    Take a look at Toyota's 2nd generation hydrogen-powered vehicle

    "I want customers to say, 'I chose the Mirai not because it’s an FCEV, but because I really wanted this car, and it just happened to be an FCEV,'" a Toyota executive said.

  • Take a Stake in Self-Driving Cars With Nvidia Stock
    InvestorPlace

    Take a Stake in Self-Driving Cars With Nvidia Stock

    It seems like everybody's talking about self-driving cars and the automakers that manufacture them lately, but investors shouldn't forget that these cars will all need microchips. One way to stake your claim in the autonomous vehicle revolution is with a position in Nvidia (NASDAQ:NVDA) stock.Source: michelmond / Shutterstock.com Granted, you'll hear media pundits raving about Google (NASDAQ:GOOGL, NASDAQ:GOOG) as the undisputed leader in self-driving car technology. I can assure you, however, that Google isn't the only player in this game -- and that the Nvidia stock price could rise dramatically as the competition heats up. Like Self-Driving Cars? Then You Should Love Nvidia StockThe fantasy of cars that drive themselves is quickly becoming a reality in modern society. As Lafayette College's Michael A. Nees explains, engineers and other researchers have advanced self-driving technology to the point where humans are practically irrelevant to the driving experience: "Recent indications have suggested that some design teams believe they can engineer the role of the human operator out of the system altogether."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Beverage Stocks to Buy Now This technological progress, as we might expect, has given rise to a nascent industry. The evident leader so far has been Google, whose Waymo subsidiary has been a bellwether in autonomous vehicle tech. However, Nvidia is quickly becoming a credible competitor to Google, to the point where Nvidia could threaten to take market share and topple Google as the leader in the space.OK, so that might be an exaggeration, but at the very least we can envision the graphics-card company making inroads into the self-driving vehicle market. While Google set the pace with Waymo, Nvidia likewise partnered up with Optimus Ride to test out self-powered public transit in Brooklyn, New York.Research firm UBS has projected that the world's autonomous taxi industry will be worth $2 trillion by the year 2030, so I think it's a savvy move for Nvidia to get into the self-driving vehicle market via the public-transportation angle. Just as important, this initiative will allow the company to test-drive the NVIDIA DRIVE AGX Xavier, which Nvidia describes as "the world's first processor designed for autonomous driving" with "six different types of processors to run redundant and diverse algorithms for AI, sensor processing, mapping and driving." Pushing Self-Driving BoundariesWhile the Optimus Ride initiative is impressive, Nvidia is persistent in exploring the potential of self-driving vehicle chips. To this end, Nvidia has joined forces with Toyota (NYSE:TM), General Motors (NYSE:GM), and other leaders in the tech and/or automotive sectors to form the Autonomous Vehicle Computing Consortium, or AVCC.The AVCC launch at San Jose, California's Arm TechCon marked the start of a massive, industry-wide collaboration to expedite the mainstreaming of self-driving automotive technology with better, faster chips and other essential components. AVCC Board Chairman Massimo Osella appreciated the enormity of the task faced by the burgeoning industry, as well as its importance:"The massive amount of technological innovation required to power fully self-driving vehicles at scale requires collaboration at an industry level… We are delighted to join this group of key leaders in the automotive industry. As the AVCC, we are working together to create the 'go to' organization for autonomous computing expertise to help bring this technology to market."Nvidia Automotive Hardware and Software Systems Senior Vice President Gary Hicok likewise expressed the ambitious nature of the collaboration, along with Nvidia's eagerness to move the technology forward:"The hardware and software requirements for autonomous vehicles are enormous, requiring an energy-efficient, high-performance AI platform to process sensor data and achieve the highest levels of safety… As the leader in AI computing, we are working closely with transportation innovators, tackling the complexities of developing and deploying safe autonomous vehicles at scale." The Takeaway on Nvidia StockJoining in the AVCC and getting a head start in autonomous public transportation are emblematic of Nvidia's willingness to take initiative in what's clearly a growth industry. NVDA stock might not go up today or tomorrow, but in time I suspect that shareholders will reap the rewards of Nvidia's early and powerful move into self-driving technology.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Take a Stake in Self-Driving Cars With Nvidia Stock appeared first on InvestorPlace.

  • Let’s go to Toyota: Dallas-area tech workers name automaker top employer brand, report says
    American City Business Journals

    Let’s go to Toyota: Dallas-area tech workers name automaker top employer brand, report says

    International automaker Toyota has the attention of local technology workers – but so do Southwest and American.

  • Market Exclusive

    Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers

    Economists Say Spend $2 Trillion to Combat Next Recession In another sign that economics as the study of scarcity and choice has completely lost its way, economists, whose title suggests that they study scarcity and choice and the art of economizing resources, are in general agreement, according to Reuters, that in order to save the […]The post Market Morning: Economists Say Spend More, Viagra For Leukemia, Aerospace Mergers appeared first on Market Exclusive.

  • Japan Sends in 110,000 Rescuers as Typhoon Death Toll at 43
    Bloomberg

    Japan Sends in 110,000 Rescuers as Typhoon Death Toll at 43

    (Bloomberg) -- Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake of the most powerful typhoon to hit the country in decades, which left at least 43 people dead.Police, firefighters and the coast guard are also participating in the rescue efforts, Japan’s Chief Cabinet Secretary Yoshihide Suga told a news conference on Monday. More than 200 people were injured and 16 were missing as many areas were hit by record amounts of rainfall and violent winds, according to national broadcaster NHK.At least 48 landslides and mudflows have been reported in 12 prefectures, and nine rivers burst their banks, Kyodo news reported, citing the Ministry of Land, Infrastructure, Transport and Tourism.The heavy rain destroyed river banks in central and northern Japan -- most seriously the Chikuma River in Nagano prefecture, northwest of Tokyo. Houses were flooded in the area, with NHK showing footage of collapsed bridges and residents being rescued by helicopter from rooftops.Typhoon Hagibis moved away from the island by Sunday morning and was downgraded to a tropical storm, according to the Japan Meteorological Agency. At its peak, Hagibis was packing winds of up to 252 kilometers (157 miles) per hour.Help RequestA total of nine local governments, including Tokyo and Nagano, have requested assistance from the country’s Self-Defense Forces. Defense Minister Taro Kono tweeted that a total force of 31,000 troops was formed and about 40 aircraft are in operation to help residents.Domestic flights were mostly operating normally on Monday, though there were some delays. More than 800 flights in Japan were canceled for Sunday as of early morning.The economic impact from the storm has yet to be determined as companies were forced to suspend operations at stores and factories. Honda Motor Co. shut down four factories, the Nikkei newspaper reported Saturday. Toyota Motor Corp., Nippon Steel Corp. and Sapporo Holdings Ltd. also suspended operations at some plants.Big DamagesInsurance claims for the typhoon, which threatens to be the nation’s second-costliest storm, may reach $5 to 10 billion, Bloomberg Intelligence analyst Steven Lam wrote in a report. Widespread floods will likely push up average claims higher than Typhoon Faxai, which hit Tokyo and Chiba in September.JXTG Holdings Inc.’s Negishi refinery suspended shipping after flooding caused problems to its equipment, but operations have resumed, according to a Ministry of Economy, Trade and Industry statement. METI also said that about 77,630 households were without power.Convenience stores closed temporarily due to power outages and flood damage. FamilyMart Co. said about 50 stores were shut. Other retailers, including Isetan Mitsukoshi Holdings Ltd., resumed operations on Sunday after closing six department stores in the Tokyo area on Saturday.Phone ProblemsNTT Docomo Inc. said its mobile services were temporarily unavailable or operating on a limited basis in certain areas due to the storm, and the company was working to restore normal services. Mobile services of KDDI Corp. and SoftBank Corp. were also having problems, the Ministry of Internal Affairs and Communications said in a statement on Sunday.Tokyo Disneyland is operating as usual on Monday, a public holiday in Japan, after closing on Saturday.Rugby World Cup organizers decided to go ahead with three out of four games scheduled for Sunday, including a closely watched contest between Japan and Scotland.The match between Canada and Namibia was called off amid safety concerns following torrential rains that caused flooding and landslides around the venue in northern Japan. In addition to the Japan-Scotland game, matches pitting the U.S. against Tonga and Wales versus Uruguay went ahead, organizers said.(Updates death toll, and figure for households without power in 10th paragraph.)\--With assistance from Hiroyuki Sekine.To contact the reporters on this story: Chikafumi Hodo in Tokyo at chodo@bloomberg.net;Shiho Takezawa in Tokyo at stakezawa2@bloomberg.netTo contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Ken McCallum, Young-Sam ChoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Toyota unveils revamped hydrogen sedan to take on Tesla
    Reuters

    Toyota unveils revamped hydrogen sedan to take on Tesla

    Toyota Motor Corp unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream. Japan's biggest automaker has been developing fuel-cell vehicles for more than two decades, but the technology has been eclipsed by the rapid rise of rival battery-powered electric vehicles promoted by the likes of Tesla Inc . Ahead of the Tokyo Motor Show starting on Oct. 24, Toyota unveiled a prototype of the new hydrogen sedan built on the same platform as its luxury Lexus brand's LS coupe.

  • Toyota Plans 10-Fold Boost to Hydrogen Bet With Restyled Sedan
    Bloomberg

    Toyota Plans 10-Fold Boost to Hydrogen Bet With Restyled Sedan

    (Bloomberg) -- As others automakers plan battery-powered SUVs and trucks, Toyota Motor Corp.’s vision for the future of driving remains a hydrogen-sipping sedan.The Japanese behemoth will begin sales late next year of the second-generation Mirai, its fuel cell-powered four-door, and ramp up annual production by 10-fold from the current model. Toyota’s bet that it can position a hydrogen sedan for more of a mass market flies in the face of rivals wagering on putting batteries into the bigger-bodied vehicles consumers are buying.Toyota has been slower than peers to embrace EVs, citing uncertain demand in key markets including the U.S. and technical hurdles that limit battery range and recharging times. While the company has pledged to offer an electrified version of every model in the next five years, and 10 fully electric vehicles by early the next decade, it’s also going to keep coaxing consumers to give hydrogen a try.“Toyota won’t be putting all our eggs in one technology basket,” Doug Murtha, Toyota’s U.S. group vice president for corporate strategy and planning, said at a briefing in Greensboro, North Carolina.Toyota’s near-term electrification goals in the U.S. center on its gas-electric hybrid powertrains. It currently sells six hybrid vehicles and said Thursday it will add a plug-in hybrid version of its RAV4 crossover next year.The company plans to increase sales of hybrid cars and SUVs in the U.S. to 25% of deliveries by 2025, up from about 9% today.Slow DevelopmentToyota began developing hydrogen-powered cars more than 20 years ago, but progress has been slow due to high material costs and steep hurdles to setting up refueling infrastructure. Recent technological advances halved the cost of fuel cell stacks that mix hydrogen and oxygen to produce electricity, allowing the carmaker to boost global output from 3,000 a year in 2018 to 30,000 next year and 200,000 by 2025, Taiyo Kawai, general manager of the company’s hydrogen efforts, told reporters during a briefing in London.Rival automakers such as General Motors Co. in the U.S. and BMW AG in Europe have invested in fuel cell technology but are prioritizing EVs in their current and future zero-emission products. In the U.S., only Toyota, Honda Motor Co. and Hyundai Motor Co. sell fuel cell-powered passenger cars -- and only at a handful of dealers due to the scarcity of hydrogen stations.Fuel cell vehicles offer several advantages over battery-powered cars, including quicker refueling times and longer driving ranges. But they remain a novelty, accounting for less than 0.1% of the nearly 100 million vehicles produced each year, according to research by the National Academy of Sciences.“Unfortunately, despite years of education efforts, hydrogen cars are still a mystery to most people,” said Jackie Birdsall, a senior engineer at Toyota’s R&D center in Gardena, California. “The good news is that fuel cell technology is gaining momentum around the world,” she said.‘Such a Hassle’Improvements have been made to shrink the size of hydrogen fuel tanks and reduce the amount of costly platinum needed for fuel cell stacks. But there’s still more to do, including replacing platinum with cheaper synthetic materials, said Shawn Litster, a mechanical engineering professor at Carnegie Mellon University.Toyota, which loses money on the current Mirai, hasn’t said when it plans to break even with a future version. The company showed a near production-ready model to reporters this week in Greensboro, but wouldn’t say when the car will make its official public debut.The first Mirai -- which means “future” in Japanese -- debuted in late 2014, but availability in the U.S. has been limited to California and Hawaii. California has spent about $100 million over the past several years to build out a network of hydrogen stations. The state currently lists just 38 retail locations that are operational; another 22 are in various stages of development.The first-generation car’s oddball looks, $58,500 sticker price and cramped interior made it a hard sell for dealers. Most U.S. drivers lease the Mirai, and experiences with the futuristic vehicle have been mixed.Lawrence Kopp, a 42-year-old San Diego area resident, traded his Mirai in for a gasoline-powered Ford SUV in August after two years of headaches. Too few hydrogen pumps and a lack of cabin space wasn’t a good fit for a father with young children. “It was such a hassle I was ready to go back to a gas vehicle,” the corporate real estate executive said.Going GlobalThe new version of the Mirai is sleeker and more coupe-like, with a lower, longer and wider stance. It has room inside for five passengers, one more than the current model, and sports racier 20-inch wheels.Toyota says the Mirai will make a 30% leap from the existing model’s 312-mile range. Pricing won’t be announced until later, but it will be sold as a premium vehicle under the Toyota brand. Sales may be expanded to some states in the Northeast and Northwest, pending their buildup of hydrogen station networks.Toyota’s U.S. executives said that while they may prefer to have an SUV to sell, the company has stuck with a sedan body style to compete with premium models where passenger cars are still popular. In addition to Japan, Europe and the U.S., the Mirai will be sold in China, Australia and parts of the Middle East.“If I were king, we might have gone for something larger,” Murphy said. “But this needed to be a vehicle for global markets, not just us here.\--With assistance from Siddharth Philip.To contact the reporter on this story: Chester Dawson in Southfield at cdawson54@bloomberg.netTo contact the editor responsible for this story: Craig Trudell at ctrudell1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Ex-NBA player Jamal Mashburn to advise cannabis company Revolution Global
    Yahoo Finance

    Ex-NBA player Jamal Mashburn to advise cannabis company Revolution Global

    Retired NBA star Jamal Mashburn joined the board of cannabis health and wellness company Revolution Global as an advisor, the company announced on Thursday.

  • Did Hedge Funds Drop The Ball On Toyota Motor Corporation (TM)?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Toyota Motor Corporation (TM)?

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the second quarter. We get to see hedge funds' thoughts towards the market and […]

  • Reuters

    Arm joins with GM, Toyota to find common ground on car chips

    Oct 8 (Reuters) - Arm Holdings, the British chip technology firm owned by Japan's Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology. Arm supplies the underlying technology for the processors found in today's smart phones but does not make chips itself. Its ties to the automotive industry go back to the late 1990s, when automakers began to add computer chips to vehicles for functions like engine control and diagnostics.

  • How Ford Makes Money
    Investopedia

    How Ford Makes Money

    Ford is an icon of the American car industry. It makes money by selling cars and financial products that help dealerships and consumers buy and lease.

  • Reuters

    UPDATE 1-Russian 2019 car sales set for 2.2% fall - AEB

    Russia's sales of new cars in 2019 are expected to fall 2.2% from last year to 1.76 million units, the Association of European Businesses (AEB) lobby group said on Friday. The AEB had originally forecast sales to rise to 1.87 million this year from 1.8 million units in 2018, but said in July that "market growth in the full year of 2019 is not a realistic scenario anymore". Sales of new cars in Russia fell 0.2% year-on-year in September to 157,129 units, which is "not a bad result looking at the negative track record in recent months", the AEB said in a statement.

  • Reuters

    Russia's September car sales fall 0.2% y/y

    Sales of new cars in Russia fell 0.2% year-on-year in September to 157,129 units, after a 1.3% decline in the previous month, the Association of European Businesses (AEB) said on Friday. "With three months to go in the current year, the (AEB) expects a full-year sales result of 1.76 million units, reflecting the same slightly negative trend towards year end," Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, was quoted as saying in a statement.

  • Here is Hedge Funds’ 18th Most Popular Stock Pick
    Insider Monkey

    Here is Hedge Funds’ 18th Most Popular Stock Pick

    Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find write-ups about an individual hedge fund's trades on numerous financial […]

  • Tesla Breaks Down From Key Support After Deliveries Miss
    Investopedia

    Tesla Breaks Down From Key Support After Deliveries Miss

    Shares declined after third quarter deliveries missed expectations, but Model 3 sales remained strong and the cash position has improved.

  • U.S. Auto Sales: GM Misses Q3 Views; Ford, Fiat Chrysler Beat
    Investor's Business Daily

    U.S. Auto Sales: GM Misses Q3 Views; Ford, Fiat Chrysler Beat

    Ford and Fiat Chrysler topped Q3 U.S. auto sales views, but GM missed. Ford, GM and other auto stocks retreated Wednesday.

  • New Braunfels eyes expanding auto sector as economic driver
    American City Business Journals

    New Braunfels eyes expanding auto sector as economic driver

    New Braunfels officials, keenly aware of San Antonio economic development leaders’ heightened efforts to position the city as an emerging auto industry hub ripe for more investment, are seeking a bigger piece of the action. “A couple of years ago was really our first entry into this with Canadian General Tower, a tier I supplier,” said Michael Meek, president of the Greater New Braunfels Chamber of Commerce and executive director of the Greater New Braunfels Economic Development Foundation.

  • American City Business Journals

    Automotive Minute: Toyota Launches 2020 4Runner Venture Edition (Photos)

    Nothing says adventure like a family piled into an off-road capable body-on-frame SUV ready to take on the American countryside. The new 2020 Toyota 4Runner Venture Edition is made for just that, writes Eileen Falkenberg-Hull.

  • Barrons.com

    Here’s Where You Can Buy a Home for $100,000 with Monthly Payments of $400

    Well, you could lease a 2019 Dodge Journey SUV (FCA) or an Acura TLX (7267) or a Toyota 4Runner (7203) according to carsdirect.com. Realtor.com, which like MarketWatch is operated by (NWSA) (NWSA), released a study this week of all the places where you can buy a home for less than $100,000. Combine that with today’s mortgage rates, near historic lows, and $400 doesn’t seem like a pipe dream.

  • Future cars: Toyota doubles down, Dyson gives up
    Reuters Videos

    Future cars: Toyota doubles down, Dyson gives up

    Two very different verdicts Friday on the future of mobility. In Japan, Toyota is doubling down on vehicles powered by hydrogen fuel cells. It unveiled a new version of its Mirai car on Friday. The automaker has been working on fuel cells for two decades. Such cars emit nothing more than water vapour. And Toyota says they beat electric vehicles on range. The new Mirai can drive about 560 miles on a full tank. But the cars are costly to make and buy - over 46,000 dollars in Japan, after subsidies. And hydrogen filling stations are few and far between. As a result, Toyota has sold fewer than 10,000 Mirais over five years. By contrast, Tesla aims to deliver up to 400,000 electric vehicles this year alone. Meanwhile, James Dyson is calling it quits. The British entrepreneur is scrapping plans to develop an electric car. Dyson says he has a great design, but can't see a way to make it commercially viable. Attempts to find a buyer for the project have been abandoned. As Tesla's persistent losses demonstrate, building a profitable car company from scratch is no easy task.

  • Toyota Mirai 2021 first look
    Engadget

    Toyota Mirai 2021 first look

    Our first look at the 2021 Toyota Mirai.

  • AutoComplete: BMW recalls Toyota's Supra and more
    CNET

    AutoComplete: BMW recalls Toyota's Supra and more

    Today on AutoComplete, Chevy debuts its C8 Corvette convertible and C8.R race car, Hyundai and Kia sue the railroads, and GM is still fighting the UAW.