Toyota Motor CorporationNYSE
Wed, Oct. 19, 11:35 AM
- The focus on Apple's (AAPL -0.2%) influence in the automobile sector has shifted away from straight manufacturing to ways the tech company could integrate software, information systems, or automated driving capabilities into next-gen models.
- The recent developments with Project Titan also raise the stakes on which automakers strike a significant partnership with Apple if the venture makes it past 2017 (the reported AAPL deadline).
- While many auto industry watchers think major automakers won't convert to the Apple ecosystem across their portfolio, high-end "Applefied" models are seen as a realistic possibility.
- "A luxury automobile with 'Apple Inside'? That could be hit, and a profitable one yet," writes Los Angeles Times columnist Michael Hiltzik.
- SA contributor Bret Kenwell also dug into the Project Titan issue earlier this week.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE, TTM, MBLY.
- Previously: Bloomberg: Apple scales down automotive strategy, plans to build car postponed (Oct. 17)
Mon, Oct. 17, 12:36 PM
- A new study by Edmunds.com found that truck loyalty in the U.S. is at an all-time high.
- 74% of truck trade-ins went into a new truck after the first nine months of the year to easily top the rate of other auto categories.
- Toyota (TM +0.2%) beat out Chevy, Ram and Ford to land as the brand with the highest degree of customer loyalty, with 70% of trade-ins staying with the same nameplate.
- Edmunds.com press release
Fri, Oct. 14, 7:57 AM
- Toyota (NYSE:TM) car registrations +8.4% to 67,328 units in September, according to the European Automobile Manufacturers Association.
- Overall EU + EFTA registrations +7.2% Y/Y to 1,455,810 units in September on broad gains across the continent. Registrations were up 9% in Germany and 17% in Italy.
- Toyota market share: 4.5% vs. 4.5% a year ago.
- Toyota YTD registrations +8.1%.
- Results include the Toyota and Lexus brands.
- EAMA release (.pdf)
Wed, Oct. 12, 9:52 AM
- Automobile deliveries in China increased 29% Y/Y to 2.27M units in September, according to the China Passenger Car Association. The rate of growth is the highest seen in the region since January of 2013.
- Demand in China has stayed strong in front of the expiration of a tax break at the end of the year. The government hasn't tipped off yet if the tax cut will be extended.
- Automobile sales are up 15% YTD through the end of September to 16.75M vehicles.
- Previously: Ford's sales in China stay on hot pace (Oct. 11)
- Previously: GM knocks out another strong month in China (Oct. 10)
- Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:VLKAY, OTCPK:BMWYY, OTC:GNZUF, OTC:GNZUY, TSLA, OTCPK:NSANY, TM.
Wed, Oct. 12, 9:15 AM
- Toyota (NYSE:TM) and Suzuki (OTCPK:SZKMF, OTCPK:SZKMY) are exploring partnering on next-gen vehicle development.
- A tie-up between the two Japanese companies could benefit both by giving Toyota greater access to India and jumpstarting Suzuki into the EV game.
- Suzuki ended a relationship with Volkswagen last year..
Wed, Oct. 12, 7:55 AM
- Toyota (NYSE:TM) recalls 340K Prius cars to address an issue with the braking system.
- The recall action covers hybrid models produced between August 2015 and October 2016. A majority of the recalled vehicles are from Japan.
Mon, Oct. 10, 4:45 PM
- A development to watch in the automobile industry is the reaction to the vote last week in Germany by the Bundesrat to ban vehicles powered by gas and diesel by 2030.
- The non-binding resolution will place more pressure on the European Commission to promote zero-emission mobility, even with the long time frame in place.
- The relative ease with which the 16 German states on the council came to pass the measure could explain the very strong electrification push recently out of Volkswagen (OTCPK:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and BMW (OTCPK:BMWYY).
- Other automakers including Ford (NYSE:F), General Motors (NYSE:GM), Tesla Motors (NASDAQ:TSLA), and Toyota (NYSE:TM) will also keep a watch on the efforts in Europe to cut out ICE models.
Wed, Oct. 5, 4:36 AM
- Toyota (NYSE:TM) is set to launch its $392 Kirobo Mini robot in Japan next year.
- The Kirobo is seemingly aimed at companionship; plunging birth rates have left many Japanese women childless.
- Exact functionality is unclear.
- Toyota sees Kirobo Mini as a stepping stone to more advanced robots that will be able to recognize and react to human emotions.
- It pairs with a smartphone and requires a $3-a-month subscription.
Mon, Oct. 3, 3:54 PM
- Several major automakers posted lower sales in September in another sign that a peak in demand may have been reached. Ford (NYSE:F), Fiat Chrysler Automobiles (NYSE:FCAU), and Volkswagen (OTCPK:VLKAY) all saw volume drops, while Nissan (OTCPK:NSANY), Toyota (NYSE:TM), and Subaru (OTCPK:FUJHY) gained some market share during the month.
- Once again, pickup sales were strong in the U.S. Ram pickups stood out with a 29% increase over last year's mark.
- Average transaction prices rose by about 2.5% in September, according to an estimate from Kelley Blue Book.
- The industry could still have a record year if demand is strong in Q4, although some analysts are warning on the impact of the higher level of discounting on profit.
Mon, Oct. 3, 9:40 AM
- Toyota (NYSE:TM) unit sales +1.5% to 197,260 units to top the forecast from Kelley Blue Book for a 0.3% increase.
- Toyota division sales rose 1.4% to 171,459 units, led by strong truck demand.
- Lexus division sales increased 2% to 25,801 units.
- Sales by model: Corolla +15% to 32,272; Prius -23% to 12,475; Camry -11% to 30,707; Lexus ES -13% to 4,543; RAV4 +9% to 29,438; Highlander +21% to 14,937; Lexus NX +52% to 4,729.
- Toyota's average transaction price +3.5% Y/Y to $31,114 (via Kelley Blue Book) during the month.
- YTD Toyota U.S. sales -4.5% to 236,193 units.
Tue, Sep. 20, 2:30 AM
- In its most comprehensive statement yet on autonomous vehicles, the Obama administration said it would consider seeking the power to approve technology for self-driving cars and said U.S. states should not issue separate rules.
- The U.S. Transportation Department also included a 15-point set of "safety assessment" guidelines, covering issues like cybersecurity, black box recordings and how a vehicle would deal with potential ethical conundrums.
- Related tickers: F, GM, TM, GOOG, GOOGL, TSLA, MBLY, DLPH, TM, HTZ, CAR, HMC, UBER, LYFT
Fri, Sep. 16, 8:02 AM
- A Toyota Mirai covered 1,438 miles over a 24-hour period in a test run of the fuel-cell-electric model in California. The mark is believed to be a record for an electric car.
- The Toyota (NYSE:TM) sportscar was refilled during the adventure in four-minute stops at hydrogen charging points.
- "The point has been made that an electric car can do everything that a gasoline car can do, but with zero emissions," says First Element Fuel CEO Joel Ewanick.
- First Element is the parent company of the True Zero hydrogen station network in California.
- The Toyota Mirai is the highest profile hydrogen car currently on the market (California and Japan), while hydrogen introductions by Hyundai (OTC:HYMLF) and Mercedes-Benz (OTCPK:DDAIF) are expected in 2017.
Thu, Sep. 15, 7:56 AM
- Toyota (NYSE:TM) car registrations +17.8% to 40,126 units in August, according to the European Automobile Manufacturers Association.
- Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
- Toyota market share: 4.7% vs. 4.4% a year ago.
- Toyota YTD registrations +8.0%.
- Results include the Toyota and Lexus brands.
- EAMA release (.pdf)
Wed, Sep. 14, 7:19 AM
- Toyota (NYSE:TM) is expected to build a hybrid battery production plant somewhere in Southeast Asia to help it meet demand for PHEVs in the region, according to a top exec.
- The Japanese automaker needs to lower the cost of its batteries in order to be competitive in the PHEV market at scale.
- Toyota is also continuing to develop fuel cell technology as a platform for long-range vehicles in addition to its EV, PHEV, and hybrid models.
Sat, Sep. 10, 12:55 PM
- Apple (NASDAQ:AAPL) has cropped off parts of its self-driving car project and eliminated dozens of positions in the latest turn for Project Titan.
- The company told employees of the "reboot" of the car project this week, according to The New York Times.
- With Apple being secretive about its car ambitions, the threat of disruption out of Cupertino has been somewhat of an enigmatic overhang in the industry. One thought is that Apple's $1B investment in Didi Chuxing earlier this summer may be an indication of the future direction of Apple's car strategy.
- The bold plans laid out by Ford (NYSE:F), Uber (Private:UBER), Lyft (Private:LYFT), General Motors (NYSE:GM), Toyota (NYSE:TM), Volvo (OTCPK:GELYF), BMW (OTCPK:BMWYY), Google (GOOG, GOOGL), and Tesla Motors (NASDAQ:TSLA) with their EV and self-driving projects may have reset some expectations at Apple.
Fri, Sep. 9, 8:59 AM
- Denso Corp. (OTCPK:DNZOF, OTCPK:DNZOY) strikes a deal to take a 51% stake in Fujitsu Ten (OTC:FJTSF). The company already held a smaller position in Fujitso.
- Fujitso Ten is a leading maker of radar systems used to advance self-driving car technology.
- Toyota (NYSE:TM) owns just over a third of Fujitso and has a close relationship with Denso.
- Specific terms of the deal weren't disclosed.