|Bid||0.00 x 800|
|Ask||129.99 x 1100|
|Day's Range||129.15 - 129.64|
|52 Week Range||111.12 - 135.57|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||7.91|
|Forward Dividend & Yield||3.52 (2.72%)|
|1y Target Est||147.02|
Toyota needs more than a secure and steady supply of batteries if it hopes tomeet its ambitious global sales goal for electric vehicles
Japan has an ambitious plan to send men to the moon by 2030 as part of amultinational mission and is determined they'll have a ride when they getthere
This is a record number for our country," said Eduardo Solís, president of AMIA during a press conference in Mexico City July 8. The AMIA is a Mexican auto industry trade group based in Mexico City.
The largest car maker in the world is also one of the largest companies across any industry. Here is how Toyota makes money.
It has been a rough five-year stretch for large auto stocks Toyota Motor Corp (NYSE: TM), General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Tesla Inc (NASDAQ: TSLA). Companies that are heavily invested in cars, which made up just 20% of sales by American automakers last year, aren’t as likely to succeed at this time as those focused on trucks and SUVs.
Toyota Motor Corp has agreed to partner with China's Contemporary Amperex Technology Co Ltd (CATL) to supply and develop batteries for new energy vehicles. "To further promote the widespread use of electrified vehicles, CATL and Toyota agree that a stable supply of batteries is critical and that battery technology must be further developed and advanced," Toyota said in a statement. Japan's largest automaker has said it aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and last month flagged it would partner with CATL and BYD Co Ltd , another Chinese firm, for battery procurement.
On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.
In the three months since the horrific accident in April, newspapers have published dozens of articles on car accidents involving elderly drivers, while TV programmes have heaped praise on older celebrities who surrender their driving licences.
Toyota has been ordered to pay nearly $16 million to a Southern California dealer who alleged that the company’s Prius recalls didn’t fix safety problems.
PLANO, Texas, July 15, 2019 /PRNewswire/ -- Performance, capability and style are on full display with today's launch of the all-new 2020 Toyota GR Supra campaign, "This Is Our Sport." In a nod to Toyota's sports car heritage, the campaign reflects how Supra drivers will feel the excitement of an iconic car designed with them in mind - a car that pushes the limits. "The return of the Toyota Supra has been a long time coming, and it's well worth the wait," said Ed Laukes, group vice president, Toyota Marketing, Toyota Motor North America.
Toyota’s reign as the ruler of hybrid cars is being contested by ever-growing competition. The Japanese company thinks it can use solar panels to regain its edge. The Toyota (TM)(JP:7203) Prius, the first mass-produced hybrid vehicle, has been going through a six-year losing streak, with sales falling behind the likes of the Ford (F) Fusion, a car likely to be retired by its manufacturer in the next few years.
The 2010's were the decade when the electric vehicle (EV) revolution got started.At the start of the decade, electric vehicles were essentially non-existent. Over the course of the next ten years, several things happened, all of which sparked more widespread EV adoption. Global legislation started promoting EV purchases in an effort to combat carbon emissions. Infrastructure was built out to support EVs. Technology advanced to give EVs more range and power. Battery costs came down to make EVs more affordable. Consumers became increasingly aware of the adverse environmental impact of gas-powered cars, and similarly increased their uptake of EVs.Net net, EVs went from non-existent at the start of the 2010's, to over 2 million global deliveries in 2018, or over 2% of global auto deliveries.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis growth ramp is far from over. If the 2010's were the decade when the EV revolution got started, the 2020's will be the decade wherein the EV revolution goes mainstream.All the same tailwinds will remain in play. Global legislation will continue to incentivize EV adoption. Charging station infrastructure will continue to expand. EVs will continue to become more advanced with more range. Battery costs will continue to come down. Consumers will continue to pivot toward EVs as they become more and more concerned with reducing carbon emissions.In other words, all the same tailwinds that started the EV revolution in the 2010's, will sustain that revolution in the 2020's. Considering EVs are ramping from a 2% penetration rate in 2018, the room for further growth here is tremendous. Indeed, IEA thinks that by 2030, global EV sales could measure anywhere between 20 million and 30 million cars, implying 10-fold to 15-fold growth from 2018. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond That's huge growth. Big enough to warrant buying and holding some EV stocks for the next decade. Tesla (TSLA)Source: Shutterstock At the top of this list of EV stocks to buy for the future of transportation, we have global EV leader Tesla (NASDAQ:TSLA).Tesla is the poster child of the EV revolution, and with good reason. At just under 250,000 deliveries last year, Tesla accounted for about 12% of global EV deliveries. Year-to-date, Tesla has delivered around 160,000 vehicles, equivalent to roughly 15% share (assuming June global sales are equivalent to May). Meanwhile, in the U.S. EV market, Tesla has gone from ~25% share on a trailing twelve month basis back in 2017, to 60% as of last quarter.In other words, Tesla is the unparalleled giant in the EV industry, with increasing market share thanks to the introduction and production/delivery ramp of new vehicles, like the Model 3. This dynamic should persist, with the Model Y next, and then future vehicles thereafter. As such, Tesla projects to maintain its leadership position in the global EV market over the next decade -- a period during which the EV market will grow by at least 10-fold.The result? Huge revenue and profit growth over at Tesla. All that growth will inevitably drive TSLA stock higher in the long run. General Motors (GM)Source: Shutterstock Traditional auto stocks aren't just sitting on their hands while the EV revolution passes them up. Instead, many traditional auto stocks are actually pivoting their vehicle portfolios to benefit from secular EV adoption tailwinds. One traditional auto stock which has done a really good job of this? General Motors (NYSE:GM).General Motors has an impressive line-up of EVs. It's headlined by the Chevrolet Bolt, which is the fourth best selling EV in the U.S. this year, and the Chevrolet Volt, which lines up as the eighth top selling EV in the U.S. in 2019. Importantly, both cars are on the cheap end of the EV price range, which paves a path for both of these vehicle models to gain huge mainstream traction at scale. * 10 Stocks to Buy for Less Than Book As such, the General Motors strategy in the EV market is pretty simple. Design solid EVs, which the masses can afford, and as the masses pivot into the EV market, convince them to buy the Bolt and/or Volt. This is a good strategy, and it does broadly imply that as the EV revolution gains mainstream traction in the 2020's, General Motors will benefit from robust EV growth. All that EV growth should drive GM stock higher in the long run. Ford (F)Source: Shutterstock One traditional auto stock that has been slow to pivot into EVs is U.S. auto giant Ford (NYSE:F). But, the company is starting to aggressively pivot into the EV market, and this pivot lays the groundwork for healthy growth over the next decade.To start, Ford's headline EV -- the Ford Fusion Energi -- is the ninth best selling EV in the U.S. this year. But, that's just the tip of the iceberg. Ford is in the process of building a Mustang-influenced electric crossover to rival Tesla's Model Y, a fully electric Lincoln crossover, a fully electric SUV and a fully electric F-150 pickup truck, alongside a handful of hybrid models. The sum of all these new EVs means that, by 2025, Ford's vehicle roster will be much more levered to EV tailwinds than it is today.The implication of this is that Ford's unit growth rates, which have been sluggish for several years, should look at a lot better within the next few years. This growth trend improvement should push Ford stock higher in the long run, especially from today's depressed base. Toyota (TM)Source: Shutterstock Much like General Motors, Toyota (NYSE:TM) has been aggressive early on with its pivot into developing and marketing affordable EVs that cater towards mass adoption.Toyota's headline EV -- the Prius -- is the arguably the only non-Tesla electric vehicle that consumers far and wide recognize. Not by coincidence, it's also the only non-Tesla electric vehicle, which held its own against the Model 3, S and X in 2018 in terms of sales volume. It continues to hold its own in 2019. Year-to-date through June, the Prius is the third best selling EV in the U.S., behind only the Model 3 and Model X.Importantly, the Prius is exceptionally affordable, with prices in the $30,000 and under range. Thus, for capital-constrained consumers looking to pivot into the EV space who don't have $30,000-plus to shell out on a car, Toyota's Prius is the obvious choice. A lot of consumers fall into that categorization. As such, a lot of consumers project to buy Prius vehicles over the next several years as EV adoption rates soar. * 7 Companies Apple Should Consider Buying The result for Toyota is supercharged revenue and profit growth, the sum of which could breathe life back into TM stock, which has been stuck in a sideways trading pattern for the past five-plus years. BMW (BMWYY)Source: Shutterstock Not all the growth in the EV market over the next several years will happen at the low end of the price chart. Indeed, some of that growth will come through the high end of the price chart. Capturing a nice chunk of that growth will be BMW (OTCMKTS:BMWYY).BMW already has a formidable EV roster. Last year, the BMW 530e, i3 and X5 were among some of the top selling EV models in the U.S. This year, many of those same models are again some of the top selling EVs in America, alongside the luxury i8, which has seen its U.S. delivery volume grow ten-fold from January 2019 to June 2019.Going forward, BMW is only going to grow this EV roster. The company is planning to have 25 EVs on its vehicle roster by 2023, many of which will be luxury EVs. In so doing, the company will better position itself to drive healthy revenue and profit growth through luxury EV adoption over the next several years. Indeed, management expects EV sales to double by 2021.That's a bunch of growth. BMW stock, which trades at more than 40% off decade highs, is not priced for this growth. As such, over the next several years, robust luxury EV growth should converge on a discounted valuation and spark a nice recovery rally in BMW stock.As of this writing, Luke Lango was long TSLA and F. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post 5 EV Stocks to Buy for Big Gains Over the Next Decade appeared first on InvestorPlace.
China is considering re-classifying petrol-electric hybrid vehicles so they get more favourable treatment than all-petrol or diesel counterparts under clean car rules, making it easier for automakers to meet environment quotas and offer more choice. Global hybrid leaders Toyota Motor Corp and Honda Motor Co Ltd would be among the biggest beneficiaries of such change, which could allow them to make more hybrids and less of the more costly all-electric vehicles, experts said, after reviewing the draft policy proposal published on Tuesday by the Ministry of Industry and Information Technology. China has some of the world's strictest rules regarding the production of greenhouse gas-emitting vehicles, as it battles unhealthy levels of air pollution in its crowded cities.
(Bloomberg) -- A long history of failed automotive mergers and tie-ups -- from Daimler-Chrysler, to GM-Fiat and BMW-Rover -- used to be reason to doubt that combinations or partnerships between big carmakers were a good idea.But as the world’s biggest manufacturers anticipate an age of increasingly electric, autonomous and shared vehicles, they’re increasingly becoming bedfellows.Volkswagen AG and Ford Motor Co. have scheduled a press conference in New York on Friday after months of talks about joining forces to develop self-driving and electric vehicles. Aligning with one another in the burgeoning fields would build on an existing partnership to work together on commercial vans and trucks.The expanding alliance between the world’s No. 1 and America’s No. 2 car companies is only the latest example of the auto industry giants joining forces to cope with the transformation sweeping their industry. The transition is going to be costly: Since 2010, more than $14 billion has been invested in autonomy and mobility technologies, according to BloombergNEF.“BMW and Daimler are pairing up and matching up on their autonomous-vehicle program, as are Toyota and Uber, and you’ve seen GM and Honda, and now VW and Ford,” said Mike Ramsey, an automotive consultant at Gartner Inc. “That leaves Hyundai and Kia hunting around desperately for partners. And then the remainder, like FCA and PSA.”Here’s a rundown of some of the most noteworthy tie-ups of the last few years among the world’s leading automakers:BMW-Daimler DealsBMW AG and Daimler AG vowed earlier this month to team up on developing cars capable of traversing highways without human intervention starting in 2024. While drivers will remain behind the wheel, the companies said their vehicles will be able to navigate highways and park on their own.The luxury-auto arch rivals also agreed to pour more than 1 billion euros ($1.1 billion) into the car-sharing and ride-hailing businesses they combined to form one joint venture earlier this year to compete with the likes of Uber Technologies Inc. and Lyft Inc.Fiat’s Renault FlirtationFiat Chrysler Automobiles NV -- already an Italian-American amalgam -- pursued a merger with Renault SA earlier this year, though the potential deal abruptly collapsed last month due to the French state’s intervention and concern about the implications for Renault’s existing alliance with Nissan Motor Co. and Mitsubishi Motors Corp.Still, it may be too soon to write off the idea. Renault and French Finance Minister Bruno Le Maire have said talks with Fiat Chrysler could resume once the Renault-Nissan alliance is on firmer footing. Fiat Chrysler Chairman John Elkann told Italian newspaper La Stampa this week called the attempt to merge with Renault an “act of courage.”BMW’s Other BlocsNearly two years before Fiat Chrysler’s merger proposal with Renault, the company entered a coalition led by BMW that’s creating an autonomous-vehicle platform slated to be launched in 2021. Other members of the collaboration include Intel Corp., Aptiv Plc, Continental AG and Magna International Inc.And that’s not all for BMW. Jaguar Land Rover announced in June it will team up with the German automaker to work on its fifth generation of electric-drive technology, which is set to roll out next year with an electric X3 crossover.Daimler Joining GeelyDaimler decided earlier this year to transform Smart, its struggling small-car division, into an all-electric brand rooted in China with the help of its largest shareholder, Zhejiang Geely Holding Group.The two groups also agreed last October to enter China’s ride-hailing and car-sharing business by forming a 50-50 venture. They plan to levereage models including the Mercedes-Benz S-Class and E-Class and the ultra-luxury brand Maybach to battle market leader Didi Chuxing.Honda Hitching RidesEven Honda Motor Co. has pivoted from the go-it-alone approach that it stuck to for decades. The Japanese automaker joined an existing venture between Toyota Motor Corp. and SoftBank Group Corp. earlier this year.Last fall, Honda committed to investing $2.75 billion in General Motors Co.’s Cruise self-driving unit. The two already were working together on electric-vehicle batteries and hydrogen fuel cell systems.Toyota’s Electric-Car CooperationToyota, whose battery-powered RAV4 partnership with Tesla Inc. ended up being a short-lived clash of polar-opposite business cultures, entered another electric-vehicle alliance in 2017 with Mazda Motor Corp.Months after announcing the Mazda pact, Toyota added Suzuki Motor Corp. to the mix, with the two saying they plan to bring electric vehicles to China and India beginning in 2020. And in June, Toyota added Subaru Corp. to its stable of EV partners.\--With assistance from Keith Naughton.To contact the reporter on this story: Kyle Lahucik in Southfield at firstname.lastname@example.orgTo contact the editor responsible for this story: Craig Trudell at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Toyota is getting into the semiconductor business, partnering with auto supplier Denso to form a new company focused on chip manufacture.
Toyota Motor (TM) to manufacture new SUV in response to vehicle buyers??? shift from cars to crossovers, SUVs and pickup trucks.
Toyota Motor Corp said on Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. The largest Japanese automaker announced in January 2018 https://www.reuters.com/article/us-usa-alabama-plant/toyota-mazda-to-build-1-6-billion-plant-in-alabama-sources-idUSKBN1EY2PFit would build the factory in Alabama with Mazda Motor Corp. Toyota, which said the shift was due to "a growing consumer appetite for light trucks and SUVs," still expects to start production in 2021. Last week, the company said U.S. Corolla sales fell 5% in the first six months to 152,868, while overall Toyota car sales fell 8%.
Toyota Motor Corp said on Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars. Toyota, which said the shift was due to "a growing consumer appetite for light trucks and SUVs," still expects to start production in 2021. Last week, the company said U.S. Corolla sales fell 5% in the first six months to 152,868, while overall Toyota car sales fell 8%.
KARIYA, Japan, July 10, 2019 /PRNewswire/ -- DENSO Corporation and Toyota Motor Corporation today agreed to establish a joint venture* for research and advanced development of next-generation, in-vehicle semiconductors. Furthermore, the number of in-vehicle semiconductors has also grown, and the performance of these semiconductors has continuously improved. To create a future of mobility that is safe and sustainable, it is necessary to develop next-generation semiconductors that are integral to technology innovations, such as connected cars, automated driving, sharing mobility and electrification.