|Bid||125.11 x 1400|
|Ask||125.14 x 1000|
|Day's Range||124.94 - 125.43|
|52 Week Range||111.12 - 138.68|
|Beta (3Y Monthly)||0.71|
|PE Ratio (TTM)||7.65|
|Forward Dividend & Yield||3.52 (2.98%)|
|1y Target Est||148.01|
FBN's Jeff Flock previews some of the highlights from the New York Auto Show and talks to Subaru of America CEO Tom Doll about President Trump's potential auto tariffs.
As Uber finally closes in on its IPO, its self-driving car unit is getting abig cash infusion and some independence
Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit. The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.'s Vision Fund will contribute $333 million in Uber Technologies Inc.'s new entity, Advanced Technologies Group, or Uber ATG, which will try to develop and commercialize automated ridesharing services.
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp and automotive parts supplier Denso Corp will invest a combined $667 million.
Denso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, according to a statement. The deal will help Uber, which tallied a $3 billion operating loss last year, to continue funding a very costly endeavor. The autonomous-car investment is the second major deal struck in the weeks leading up to the IPO.
Uber's Advanced Technologies Group (ATG), which works on self-driving vehicles, has netted an investment from the SoftBank Vision Fund ($333 million), Denso and Toyota ($667 million combined). The deal will value the ATG at $7.5 billion and create a new entity with its own board. Uber has announced a deal for a $1 billion investment in its self-driving vehicle unit, just weeks before its initial public offering.
Toyota Motor Corp. (Toyota), DENSO Corporation (DENSO) and the SoftBank Vision Fund (SVF) announced today that they will invest $1 billion in Uber Technologies Inc.’s Advanced Technologies Group (Uber ATG). The investment, in a newly formed ATG corporate entity, aims to accelerate the development and commercialization of automated ridesharing services. Under the terms, Toyota and DENSO will together invest $667 million and SVF will invest $333 million, valuing the new Uber ATG entity at $7.25 billion on a post-money basis.
Sirius XM's (SIRI) first-quarter 2019 results are expected to benefit from its varied content offerings that include music and sports.
Major automakers are bullish on the outlook for the U.S. economy and auto sales, but one big question remains - will President Donald Trump throw a grenade into the sector by imposing sweeping tariffs of up to 25 percent on car and auto parts imports? The industry is in "wait-and-see mode," but the tariffs would be a bad idea, Bob Carter, head of U.S. sales at Toyota Motor Corp, told Reuters on Wednesday. "If the tariff happened on the auto industry, quite frankly that's pulling the pin out of the grenade," he said at a conference on Tuesday held in conjunction with the New York International Auto Show.
The Rhombus is a concept car for a battery-powered electric vehicle targeted at consumers born after 1990. Toyota 7203.T-JP brought a crop of hybrid and fully electric vehicles to the Shanghai Auto Show this year. The Rhombus, pictured above, is a concept car for a battery-powered electric vehicle targeted at consumers born after 1990, according to a release .
Falling U.S. new vehicle sales through the rest of 2019 and into 2020 will bring more intense competition in the increasingly crowded market for SUVs and a continued decline in passenger car sales, executives and economists said at this week's auto show in New York. The new SUVs at this week's auto show included models from Toyota Motor Corp, Ford Motor Co, Subaru Corp, Daimler AG's Mercedes-Benz and Hyundai Motor Co. After a long bull run, U.S. auto sales are expected to fall about 3 percent to 16.8 million units.
that would value its self-driving car unit at $7.25 billion, sources told the Wall Street Journal Wednesday. are expected to invest a total of $1 billion in the unit as part of the deal, which could be announced within the next few days, according to the Journal. The investment would add another layer to the company's pending initial public offering, which is scheduled for early May.
The long-range Model 3’s sticker price is $44,500, roughly 85% higher than that of a Toyota Camry, yet ARK’s research shows that the Model 3 could be the better deal over a three-year period. Early this year, Kelley Blue Book (KBB) published its Best Resale Value Awards for 2019. According to KBB, over a three-year period the Tesla (TSLA) Model 3 is likely to retain 69.3% of its original sales price, 20+ percentage points or 37% more than the Toyota (JP:7203)(TM) Camry, which will retain 48.6%.
Japan's Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world. Brazil, which is South America's largest auto producer, has largely resisted the shift toward electric and hybrid vehicle production that has swept through more developed markets. Some of Toyota's competitors in Brazil, including General Motors and Volkswagen AG , have said they will import electric vehicles but do not plan to produce them domestically.
Toyota, Lincoln, Mercedes-Benz, Hyundai and Subaru kicked off the festivities Wednesday with five introductions of all-new or refreshed sport utility vehicles, one after another. Passenger cars cratered to a record low of roughly 30 percent of industry sales, and that share may still have further to drop before bottoming out.
The 2020 Toyota Highlander may be all-new, but it very much represents an evolution of a tried-and-true formula. Since then, each of the succeeding generations has been a bit bigger than its predecessor, which is the case with this new fourth-generation model, based on Toyota's now-ubiquitous TNGA platform and specifically the longer K version used in the Camry, Avalon and RAV4. Whereas most new or redesigned segment entries like the 2020 Kia Telluride and 2020 Ford Explorer get attention with big interior numbers, the new Highlander is sticking with what has worked.
The three-row SUV roster has expanded in 2019 with the Subaru Ascent, Kia Telluride, and Hyundai Palisade entering the market. The Toyota Highlander, a perennial favorite among buyers, faces stiffer competition than ever before, making it the perfect time for a complete makeover. Riding on Toyota New Global Architecture, the unibody fourth-generation Highlander is sporting a redesign that takes into account SUV proportions Toyota brought forth in the 2019 RAV4.
Asian stocks were mixed in a narrow range Wednesday as China announced its economy grew at a 6.4% annual pace in the last quarter.
Some think electric cars made by companies besides Tesla Inc. stand the chance to be hits, while others think they’ll fail to really sell. Toyota Motor Corp. may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not nearly as bullish as rivals about the American consumer embracing EVs. Bob Carter, executive vice president of sales for Toyota Motor North America, said at a conference affiliated with this week’s New York auto show that batteries are still too expensive and place plug-in cars out of reach for many buyers.