|Bid||139.21 x 800|
|Ask||142.14 x 800|
|Day's Range||141.78 - 142.88|
|52 Week Range||111.12 - 145.41|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||8.69|
|Forward Dividend & Yield||3.59 (2.53%)|
|1y Target Est||165.25|
The share capital offering began on last 9 December and concluded at 17:00 today. A prospectus pertaining to the share capital offering was published on 4 December 2019. The offering was managed by Arion Bank hf.
He was the face of Toyota in the U.S. unintended acceleration crisis, steered the automaker through the Great Recession, started and closed the youth-oriented Scion brand and reorganized North American operations. Now, after 38 years in number of leadership roles with the company, Jim Lentz is retiring, effective April 1. Lentz, 64, will step down in April as CEO of Toyota Motor North America, and will be replaced by Tetsuo “Ted” Ogawa, who currently chief operating officer, Toyota said Wednesday.
Lentz, a 38-year-veteran of Toyota, said his long tenure including almost seven years at the helm was in part a function of the automaker's culture. "We have a long-term view of things and try to keep our eyes on the horizon and not get sea sick with all the dips and twists and turns," Lentz, 64, said in an interview.
Toyota Motor North America (TMNA) today announced executive leadership changes designed to sustain its automotive operations and to continue its transformation in the mobility space.
Three years ago, Toyota revealed a high-performance limited-production version of the Yaris with the GRMN (Gazoo Racing Meisters of the Nurburgring) badge. While it was painted like the Gazoo Racing rally cars, and it had healthy performance with 209 horsepower, being supercharged and front-wheel-drive it was still quite a departure from the actual race cars. Toyota and Gazoo Racing are teasing the new Toyota GR Yaris, seemingly dropping the "MN" suffix to match the GR Supra, with a video of Toyota President Akio Toyoda, in his Morizo race-driver guise, taking it for its final test.
Japanese automaker Toyota Motor Corp (NYSE: TM ) is speeding up efforts to launch its first battery-operated Lexus vehicles by 2020, according to The Nikkei Asian Review . The luxury vehicle division ...
Engineers and technicians from Toyota's Arizona Proving Grounds (TAPG) brought their Toyota 86 to Thunderhill Raceway Park in Willows, California for the second year in a row this past weekend. With heavy rains in the forecast, the team, including racing legend Randy Pobst, who was brought onboard for the event, set out to conquer the NASA 25 Hours of Thunderhill endurance race. The team, which has been continuously improving since they were formed just a few years ago, has been championing NASA endurance races across the Western United States for the past two seasons.
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn’t pull off during their early days: sell a car in the U.S.Pham Nhat Vuong, the Southeast Asian country’s richest man and now in charge of the new automaker, is so intent on exporting electric vehicles to the lucrative American market in 2021 that he’s plowing as much as $2 billion of his own fortune to reach that goal. His cash would account for half the capital investment of VinFast, which began delivering cars to Vietnamese consumers with BMW-licensed engines earlier this year and aims to expand into electric vehicles.“Our ultimate goal is to create an international brand,” the 51-year-old tycoon said in an interview at the Hanoi headquarters of the car company’s parent Vingroup JSC, which Vuong founded and holds the title of chairman. “It will be a very difficult road and we will have to put in a lot of effort. But there’s only one road ahead.”The homegrown cars made under Vuong’s sprawling real estate-to-hospitals conglomerate faces an uphill battle to succeed overseas. Carmakers such as India’s Tata Motors Ltd. and Malaysia’s Proton Holdings Bhd. struggled to win over consumers away from their home turf. Even in Vietnam, VinFast Trading and Production LLC has formidable competition from established foreign players such as Toyota, Ford Motor Co. and Hyundai.Shares of Vingroup fell as much as 2% Tuesday. The benchmark VN Index of Vietnamese stocks dropped 0.6%.VinFast follows a long list of Chinese automakers that have also had ambitions to sell vehicles in the U.S. going back more than a decade. Though the plans have yet come to fruition, Guangzhou Automobile Group Co., Zotye Automobile Co. and others have set up local sales units and research-and-development operations to show just how serious they are. Some Chinese brands have also exhibited at American auto shows in recent years.Vuong, whose net worth is $9.1 billion, according to the Bloomberg Billionaires Index, is undaunted. Vingroup sold some shares last year and he plans to sell as much as 10% of his own to raise funds for the ambitious project. He owns 49% of VinFast, while the parent, Vingroup, holds 51%.The automaker won’t be profitable for as many as five years, said Vuong, adding the local market is “too small” and overseas sales are key to becoming profitable. Vuong directly owns 26% of Vingroup, according to Bloomberg data. Vietnam Investment Group JSC, in which Vuong has about a 92% stake, holds 31.6% of Vingroup.And VinFast will have to overcome an even more daunting task of winning over demanding consumers in the U.S. and other developed markets, where emissions and crash standards are stringent.Adding to these challenges is successfully manufacturing and selling electric vehicles. Many Chinese startups, backed by billions of dollars in funding, bet on the prospects for EVs in the world’s biggest auto market, but few are making money. BAIC BluePark New Energy Technology Co., China’s biggest maker of pure electric cars, forecasts a 2019 loss. Unprofitable NIO Inc., which is traded in New York, has struggled to assuage concerns that it’s running short on cash amid sputtering demand.High HurdlesVinFast’s first EV won’t roll off its assembly line until late next year, but Vuong said he plans to export those vehicles to the U.S., Europe and Russia in 2021.VinFast must clear several high hurdles to compete outside Vietnam, said Michael Dunne, chief executive officer of automotive consultant ZoZo Go LLC, which specializes in the Asian market. “It will be some time before the company is ready to compete in the U.S. -- still the world’s toughest market,” he said. “You need a solid brand name.”Many consumers prefer a second-hand Honda Motor Co. or Toyota vehicle over a new car with an unfamiliar brand name, Dunne said. The Vietnamese automaker will need to produce at least 100,000 vehicles a year to be cost competitive, develop a global brand and establish a parts-and-services network, he said. Still, VinFast has an opportunity to crack smaller Southeast Asian markets, he said.VinFast, which operates a 335-hectare factory in the northern port city of Haiphong, is selling its first line of vehicles -- a hatchback, sedan and SUV -- at below cost. The hatchback retails for the equivalent of $17,000, while the four-cylinder sedan goes for $47,400 and its SUV is offered at $60,400. The company targets production of as many as 500,000 vehicles a year by 2025. The carmarker also makes electric scooters.In the next few years, Vingroup will have to spend “many trillions of dong per year” to cover losses for VinFast, estimated at as much as 18 trillion ($777 million) annually, Vuong said. Those losses include financing and depreciation, and as much as 7 trillion dong each year to absorb the hit of selling cars below cost, he added.Vingroup will divest stakes in other units to fund VinFast while other subsidiaries have been ordered to reduce costs, Vuong said, without providing details. VinFast will also seek additional loans, in addition to about $1.95 billion of international loans it has already raised. Vuong also plans to list VinFast on a Vietnamese exchange and possibly overseas, he said, without elaborating.“We have the desire to build a Vietnamese brand that has a world-class reputation,” he said. “Our biggest challenge is that Vietnamese products do not have an international brand. To many international friends, Vietnam is still a poor, backward country. We will have to find a way to market and prove our products represent a dynamic and developing Vietnam that has reached the highest standards of the world.”(In an earlier version, company corrects share sale information in 7th paragraph to say Vingroup sold some shares last year, not the founder.)\--With assistance from Ville Heiskanen.To contact the reporters on this story: Nguyen Kieu Giang in Hanoi at email@example.com;K. Oanh Ha in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: John Boudreau at email@example.com, Sam NagarajanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Toyota Motor Corp. has a problem with selling its hybrids -- it can’t get enough of them.“The only thing holding us back on hybrids is capacity,” Bob Carter, Toyota’s North American executive vice president for sales, told reporters on Thursday at an event in Detroit. “We can’t make enough Corolla and RAV4 hybrids.”While many of its competitors are walking away from hybrids and plowing billions into battery-powered cars, the Japanese automaker has seen demand surge for its 14 gasoline-electric models. Toyota’s hybrids accounted for 13% of total Toyota and Lexus brand sales in the U.S. last month and made up nearly a quarter of the volume for its top seller, the RAV4 compact SUV.Toyota could easily sell twice the number of hybrid RAV4 models, but can’t source enough electric batteries for the popular vehicle, Carter said. It currently has an 11-day supply of them in stock, compared to more than 20 days’ supply of gasoline-powered versions, he said.Carter said the RAV4 hybrid’s appeal has as much to do with features like sporty styling, extra torque and all-wheel drive as it does with its combined 40 miles per gallon fuel economy -- 10 mpg above the gas-only model.Toyota plans to shift production of the RAV4 hybrid from Canada to a plant in Kentucky early next year, and also add a plug-in hybrid option from next summer to be imported from Japan. But that growing demand for hybrid versions of the RAV4, Corolla and other Toyota vehicles has come at the expense of its most famous hybrid, the Prius, sales of which are down 21% so far this year.To contact the reporter on this story: Chester Dawson in Southfield at firstname.lastname@example.orgTo contact the editors responsible for this story: Chester Dawson at email@example.com, David Welch, Kevin MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A new and distinct problem has been discovered in air bags made by the now bankrupt company Takata which has led to at least one death.
Toyota North America posted its best-ever November as vehicles sales jumped over 9 percent. The automaker, which hosts its North American headquarters in Plano, sold 207,857 vehicles last month and saw gains across the board from pickup trucks, crossovers and its luxury brand Lexus. Both the Toyota and Lexus divisions of the company posted record Novembers.
TM hf. has made an agreement with Arion banki hf. in regards of market making for issued shares of TM on the Iceland Stock Exchange, NASDAQ OMX Iceland. Market making agreement.
Each share is ISK 1 nominal price, and the shares have been issued in accordance with Icelandic law. Trading with the new shares will be in the systems of Nasdaq Iceland under the identifier TM (ISIN:IS0000000586). Both the priority rights offer and the general offer are subject to the rules of Act No. 108/2007 on Securities Transactions as regards general offers.
May Mobility, a Michigan-based startup that is operating autonomous shuttle services in three U.S. cities, has raised $50 million in a Series B round led by Toyota Motor Corp. The funding, which comes less than a year after May Mobility raised $22 million, will be used to expand every aspect of the company, including its AV shuttle fleet, as well as its engineering and operations staff. May Mobility has 25 autonomous low-speed shuttles spread out between Detroit and Grand Rapids, Michigan and Providence, Rhode Island — the three cities in which it operates.
Toyota (TM) witnesses record November sales volume in Toyota and Lexus divisions in North America, the total unit sales being 207,857.
Despite the proliferation of small, efficient crossovers, the 2020 Toyota 4Runner endures with its body-on-frame construction, aged engine and transmission, and traditional part-time four-wheel-drive. Before digging into the specific trim, we should briefly note that this dinosaur at least gets a shot of botox for 2020, with significant updates and added features. All trim levels now get a standard suite of driver assist and safety features including automatic emergency braking with pedestrian detection, lane-departure warning, automatic high-beam headlights and adaptive cruise control.
Toyota seeks to hire more transitioning vets and military spouses as technicians within the company's 1,200 dealership partners across the country, including Cavender Toyota in San Antonio.
China wants one in four cars sold by 2025 to be electric cars and hybrid cars, up from an earlier target of 20%. Tesla stock edged up.
Dec.09 -- Vietnam’s richest man and founder of auto startup VinFast is trying to do something not even Toyota and Hyundai could do when they were fledgling companies – sell a car in the U.S. Bloomberg’s Oanh Ha reports on “Bloomberg Daybreak: Asia.”
Dec.05 -- James Kuffner, chief executive of Toyota Research Institute - Advanced Development, discusses his work on self-driving car technology, competition in the industry and the timetable for delivering software to consumer vehicles. He spoke with Bloomberg's Erik Schatzker in Tokyo. (Toyota Research Institute-Advanced Development's capital is 90% controlled by Toyota.)