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Fri, Feb. 5, 5:09 AM
- Toyota (NYSE:TM) is on track to top three trillion yen ($25.7B) in annual operating profit even after suspending production in Japan last week due to an explosion at a plant and fighting through recalls.
- This year, the automaker is outpacing the profit of the rest of the Japanese automakers combined.
- Toyota recorded Q3 sales of 7.34T yen ($63B) to top the estimate of analysts. Strong sales in North America helped to take up the slack from dips in Europe and Asia.
Thu, Feb. 4, 4:33 AM
- Toyota (NYSE:TM) is winding down its Scion brand in the U.S., ending a 12-year effort to create a separate identity for small cars aimed at younger buyers.
- The carmaker will start rebadging three 2017 model Scion cars as Toyotas starting in August, while the tC small coupe will go out of production.
- Scion sales peaked at 173,034 vehicles in 2006, but have trended down since.
Wed, Feb. 3, 4:22 AM
- Toyota Motor Credit has agreed to pay up to $21.9M in restitution to thousands of African-American, Asian and Pacific Islander customers, for charging them higher interest rates on auto loans than white borrowers with comparable creditworthiness.
- The automaker is also recalling 320K vehicles for safety issues related to side-curtain shield air bags, which could deploy from the roof in some crashes.
- Toyota's (NYSE:TM) January 2016 sales were down 4.7%.
Mon, Feb. 1, 3:36 AM
- Toyota (NYSE:TM) is halting production at all car assembly plants in Japan next week due to a steel shortage from an explosion at a steel plant of one of its affiliates.
- The world's top automaker said a blast at an Aichi Steel facility on Jan. 8 had curbed production of steel used in auto parts including engines, transmissions and chassis.
- Toyota produced 4M vehicles in Japan in 2015, roughly 46% of which were exported.
Fri, Jan. 29, 3:36 AM
- Toyota (NYSE:TM) has confirmed it will buy out the rest of Daihatsu (OTCPK:DHTMY) - a move that will help it better leverage the lower-cost brand - by swapping 0.26 of its own shares for each share of the minivehicle maker.
- The world's largest automaker currently owns 51.2% of Daihatsu, which had the weakest sales performance in the Toyota group last year, lagging behind the Toyota, Lexus and truck maker Hino Motors (OTCPK:HINOY).
- Previously: Toyota to decide on buying rest of Daihatsu (Jan. 28 2016)
Thu, Jan. 28, 3:56 AM| Thu, Jan. 28, 3:56 AM
Wed, Jan. 27, 3:43 AM
- Despite a slight drop in sales, Toyota (NYSE:TM) managed to hang on to the title of world's best-selling automaker in 2015.
- The company sold 10.15M cars last year, while Volkswagen (OTCPK:VLKAY) came in second with 9.93M autos, followed in third by General Motors (NYSE:GM) with 9.8M vehicles.
- Volkswagen had been top in the first half of 2015 before a diesel emissions scandal set back sales.
Mon, Jan. 18, 10:29 AM
- European car registrations rose 16.6% in December to 1,109,927 units.
- Registrations for 2015 ended 9.3% higher at 13,713,526 units. A strong recovery in Spain and Italy contributed significantly, while volume leader Germany saw a steady gain of 5.6% amid a challenging year in the domestic market.
- 2015 European market share by manufacturer: Volkwagen Group (OTCPK:VLKAY) 24.8%, Peugeot (OTCPK:PEUGF) 10.4%, Renault (OTC:RNSDF) 9.6%, Ford (NYSE:F) 7.2%, Opel (NYSE:GM) 6.7%, BMW (OTCPK:BAMXY) 6.6%, Fiat Chrysler (NYSE:FCAU) 6.1%, Daimler (OTCPK:DDAIF) 5.9%, Toyota (NYSE:TM) 4.3%, Nissan (OTCPK:NSANY) 3.9%, Hyundai (OTC:HYMLF) 3.3%, Kia (OTC:HYMLF) 2.7%, Volvo (OTCPK:GELYF) 2.0%, Mazda (OTCPK:MZDAY) 1.5%, Suzuki (OTCPK:SZKMY) 1.3%, Jaguar Land Rover (NYSE:TTM) 1.3%.
Wed, Jan. 13, 9:09 AM
- Toyota (NYSE:TM) is making a late entry into developing self-driving car technology after watching rivals slip past it.
- GM's partnership with Lyft and Ford's dalliance with Google in particular have increased the internal push at Toyota to move quick with developing more autonomous features.
- Toyota also has a Silicon Valley lab specializing in artificial intelligence that could be integrated into next-gen models.
Sun, Jan. 10, 1:16 PM
- The North International Auto Show fires up in Detroit this week with more than 50 model reveals anticipated.
- Concept cars expected to be unveiled include the Acura Precision Concept luxury model from Honda (NYSE:HMC), a large SUV model from Kia Motors (OTC:HYMLF), and Nissan's high-end Infiniti Q60.
- General Motors (NYSE:GM) offers up a deeper look at the Chevrolet Bolt pure EV, while aiming to gain ground on Tesla Motors which is skipping the event. On the hydrogen side, the Toyota Mirai and and its evolving vision will be highlighted, while a FCV introduction from Audi is rumored.
- Fiat Chrysler Automobiles (NYSE:FCAU) plans to debut a next-gen minivan as it looks to reel back SUV and crossover converts.
- Toyota (NYSE:TM) and Audi are prepped to showcase their connect car advances in new models.
- Volkswagen (OTCPK:VLKAY) will largely be playing defense as it looks to restore confidence after the emissions cheating scandal.
Tue, Jan. 5, 11:22 AM
- Toyota (NYSE:TM) unit sales +10.8% to 238,350 units vs. +13% expected.
- Toyota division sales rose 12.4% to 196,970 units off solid gains in both trucks and cars.
- Lexus division sales increased 3.8% to 41,380 units.
- Sales by model: Corolla +8% to 32,445; Prius +5% to 15,076; Camry +18% to 37,299; Lexus ES +1% to 7,856; RAV4 +39% to 31,866; Highlander +7% to 16,100; Lexus NX +77% to 5,134.
- 2015 Toyota U.S. sales +5.3% to 2,499,313 units.
- Toyota's average transaction price rose 2.1% Y/Y to $32,349 during the month.
Tue, Jan. 5, 8:19 AM
Mon, Jan. 4, 10:57 AM
- Toyota (TM -2.1%) announces it will use a connected vehicle framework in U.S. models in 2017. The new system will connect Toyota vehicles to telecommunications networks.
- The Japanese automaker also says it has officially partnered with Ford and Livio to establish an open source industry standard for car connectivity that it hopes other automakers will participate in.
- Toyota and Ford have been aggressive in trying to box out Apple's CarPlay and Google's Android Auto from becoming too powerful.
- Toyota will demonstrate some of its car connectivity initiatives at CES this week.
Dec. 31, 2015, 2:50 PM
- Automakers in Japan are pressuring the government to scrap a plan for a four-tiered tax structure based on fuel efficiency. The taxes would be on top of what consumers pay with the national sales tax.
- Taxes in Japan on new purchases are almost 5X what they are in the U.S., a situation which has local automakers threatening to move production to outside of Japan due to weak demand.
- Japanese automakers: OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF.
Dec. 30, 2015, 12:54 PM
- The electric vehicle industry could grow up all at once next month at the CES Show in Las Vegas with major automakers set to plant their flags.
- General Motors (NYSE:GM) will unveil the production version of its all-electric Chevrolet Bolt and will confirm whether or not a 200-mile range and the $30K sticker price are realistic goals.
- Nissan (OTCPK:NSANY) will showcase the Leaf EV and Toyota (NYSE:TM) plans to highlight its juiced-up Prius hybrid.
- A huge talking point will be Ford's (NYSE:F) presentation when Mark Fields will talk strategy. The billion-dollar question is if Field will formally announce a self-driving car partnership between Ford and Google. That collaboration could influence EV demand across the board.
- Perhaps the most interesting EV reveal at CES will be when Volkswagen (OTCPK:VLKAY) exec Dr. Herbert Diess uses a keynote address to discuss the German automaker's electric car initiative. Diess will leave the diesel emissions scandal in the rear-view mirror to unveil Volkswagen's EV concept car. Autocar reports that an electric Microbus will be unveiled.
- Tesla Motors (NASDAQ:TSLA) won't be a major player at CES, although the company's long-term track could be impacted by some of the revelations of its peers. Once the drama of Tesla's Q4 deliveries is swept away, the focus could turn to where the Model III fits into the EZ puzzle.
Dec. 28, 2015, 1:13 PM
- European car registrations rose 13.7% in November to 1,085,259 units.
- Registrations growth by manufacturer: Volkwagen Group (OTCPK:VLKAY) +4.1% to 263,797 units; Peugeot (OTCPK:PEUGF) +13.6% to 112,327 units; Renault (OTC:RNSDF) +14.7% to 106,166 units; Ford (NYSE:F) +20.5% to 76,193 units; Opel (NYSE:GM) +18.3% to 74,269 units; BMW (OTCPK:BAMXY) +10.1% to 72,871 units; Fiat Chrysler (NYSE:FCAU) +18.6% to 67,088 units; Daimler (OTCPK:DDAIF) +22.8% to 67,444 units; Toyota (NYSE:TM) +6.1% to 45,464 units; Nissan (OTCPK:NSANY) +5.4% to 37,699 units; Mazda (OTCPK:MZDAY) +38% to 15,641 units.
- For the year, the automakers increasing their market share the most have been Fiat Chrysler (+30 bps to 6.3%), Daimler (+40 bps to 5.8%), and Nissan (+30 bps to 4.0%).
Toyota Motor Corp designs, manufactures and sells sedans, minivans, compact cars, sport-utility vehicles, trucks and related parts and accessories. The Company also provides financing, vehicle and equipment leasing & certain other financial services.
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