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Toyota Motor Corporation (TM)

- NYSE
  • Mon, Mar. 16, 9:23 AM
    • Toyota (NYSE:TM) is expected to announce it will increase wages across its workforce.
    • Union workers in Japan will receive on average a 3.2% pay hike, according to sources.
    • The automaker will make the move amid some pressure from the Japanese government as part of a national stimulus program.
    • A formal contract between Toyota and the union is anticipated to be announced later this week.
    • TM +0.71% to $137.14.
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  • Fri, Mar. 13, 1:15 PM
    • Toyota (TM -1.3%) signs a 10-year sponsorship deal with the International Olympic Committee which makes it the first automaker to reach the highest echelon of Olympics sponsorship.
    • The arrangement is likely to include significant product placement at the 2020 Olympic games in Tokyo.
    • The Japanese automaker didn't disclose the cost of the deal.
    • Media analysts have noted in the past that Olympics advertising has worked well for McDonald's and Coca-Cola in pushing brand awareness in emerging markets.
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  • Thu, Mar. 12, 8:56 PM
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  • Thu, Mar. 12, 7:57 AM
    • Toyota (NYSE:TM) confirms that yesterday's recall of RAV4 EVs due to a software flaw in the propulsion system involved a component supplied by Tesla Motors (NASDAQ:TSLA).
    • The recall only involved 2.5K vehicles - a minor amount compared to the high-profile GM (ignition switch) and Honda (airbag) recalls over the last year.
    • Details on the RAV4 EV issue are limited as automakers typically clam up when asked for breakdowns on recall costs and supplier relationships.
    • The partnership between Toyota and Tesla ended last year with the Japanese automaker turning part of its focus to hydrogen-powered cars.
    • Previously: New round of Toyota recalls total 112.5K (Mar. 11 2015)
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  • Wed, Mar. 11, 3:13 PM
    • Toyota (TM +0.5%) issues recalls covering 112.5K vehicles,
    • The recall action covers 2.5K RAV4 EV vehicles (2012-2014) and 110K Camry, Camry Hybrid, Highlander, Highlander Hybrid, RAV4 vehicles from the 2015 model year.
    • The company says the EV recall is over a propulsion system issue and the broader recall is to address a potential problem with a circuit board.
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  • Tue, Mar. 10, 7:05 AM
    • Automobile sales in China are up 8.7% Y/Y to 3.43M units after the first two months of the year, according to the China Association of Automobile Manufacturers.
    • Analysts tend to look at the two months together to smooth out the impact from the Chinese New Year holiday.
    • YTD sales growth by manufacturer: GM (NYSE:GM) flat, Audi (OTCQX:VLKAY) +10.5%, Honda (NYSE:HMC) -7.6%, Ford (NYSE:F) +14.6%, Toyota (NYSE:TM) +13.6%, Nissan (OTCPK:NSANY) +11.7%, BMW (OTCPK:BAMXY) +2.7%.
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  • Wed, Mar. 4, 3:30 AM
    • Toyota (NYSE:TM) has appointed its first non-Japanese vice-president as well as its first western female executive, as it looks to diversify its top ranks and respond to the government's set target of women holding 30% of top positions by 2020.
    • The Japanese carmaker named Didier Leroy, a French citizen who currently oversees Toyota’s European business, as executive vice president, and appointed current chief communications officer Julie Hamp to managing officer.
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  • Tue, Mar. 3, 3:16 PM
    • All-electric and plug-in hybrid car sales showed only modest growth in the U.S. during February.
    • A slow pace of sales in February was expected for the Leaf and Chevrolet Volt with General Motors and Nissan holding back on marketing efforts in front of this summer's release of next-gen models.
    • The surprise of the month may have been BMW i3 topping the 1K mark during the tough weather period and with lower gas prices in the background.
    • YTD EV sales are running slightly ahead of last year's pace.
    • Looking ahead: Though EV sales are only a fraction of the total U.S. auto market, repping only ~15% of sales of the Toyota Camry for instance, major bets are being laid out by automakers on research and development. Exponential demand growth in the segment will be needed to make the Model X, Chevrolet Bolt, BMW i3, 2016 Toyota Prius PHV, 2016 Leaf, and other notable entries major successes.
    • February EV sales scorecard (units): Nissan Leaf 1,198, Model S 1,150 (estimated), BMW i3 1,089, Chevrolet Volt 693, Toyota Prius PHV 397 (plug-in not conventional hybrid), Cadillac ELR 127, Chevrolet Spark 119, BMW 113.
    • Related stocks: Tesla Motors (NASDAQ:TSLA), Toyota (NYSE:TM), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), General Motors (NYSE:GM).
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  • Tue, Mar. 3, 11:47 AM
    • Toyota (TM -0.4%) reports broad gains in demand in February with new 2015 models holding their own in key segments.
    • The Japanese automaker picked up a noticeable chunk of market share over the month as it sales pace topped major rivals.
    • Total Toyota sales of 180,467 for the month edged past Ford's tally of 180,383.
    • Sales by brand: Toyota +12.1% to 140,429; Lexus +22% to 22,995.
    • Sales by model: Corolla +10.0% to 27,839; Prius -6.6% to 12,018; Camry +13.6% to 32,942; Lexus ES -3.9% to 4,192; RAV4 +33.4% to 21,943; Highlander -6.5% to 11,263; Lexus NX 2,666 (new).
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  • Tue, Mar. 3, 11:35 AM
    • Toyota (NYSE:TM) unit sales +13.3% to 180,467 units on an unadjusted basis vs. +16.0 to +17.6% forecast.
    • Truck demand continued to rise during the month with the RAV4 setting a record.
    • The automaker will release full sales details by model later in the day.
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  • Tue, Feb. 24, 1:25 PM
    • Consumer Reports selects the Tesla Model S as the best overall model with an overall score of 99 on a combined measure of safety, performance, and reliability.
    • Though scoring off the charts on performance and equivalent gas mileage, the Model S was only "average" for reliability.
    • Other segment winners are listed below.
    • Compact car: Subaru Impreza (test score 79).
    • Midsize sedan: Subaru Legacy (test score 89).
    • Large car: Chevrolet Impala (test score 91).
    • Luxury car: Audi A6 (test score 90).
    • Green car: Toyota Prius (test score 75).
    • Sports sedan: Buick Regal (test score 83).
    • Small SUV: Subaru Forester (test score 86).
    • Large SUV: Toyota Highlander (test score 84).
    • Minivan: Honda Odyssey (test score 84).
    • The pickup category was skipped by CR due to the newness of the F-150 and Chevy Colorado launch.
    • Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
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  • Tue, Feb. 24, 9:48 AM
    • Toyota (NYSE:TM) is refining the manufacturing process for the Mirai hydrogen model.
    • Early production on the Mirai is serving as a learning lab for employees on installing the crucial hydrogen tank.
    • The Japanese automaker plans to make 700 Mirai cars this year, 2K in 2016, and 3K in 2017.
    • Toyota, Honda, and Nissan are working together to build out hydrogen-fueling infrastructure in Japan with the backing of the government.
    • Previous coverage on the Toyota Mirai.
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  • Mon, Feb. 23, 1:53 PM
    • U.S. sales for Toyota (NYSE:TM) will increase 17.6% Y/Y to 187.3K in February, according to an estimate from TrueCar.com.
    • Toyota's market share is forecast to be 14.5% vs. 14.7% in January and 13.3% a year ago in February.
    • Incentive spending +0.5% Y/Y and flat M/M to $1,811 per unit.
    • Industry-wide new vehicles sales are expected to rise 8.5% Y/Y during February to 1.2965M
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  • Wed, Feb. 18, 10:19 AM
    • Shares of Toyota (NYSE:TM) and Nissan (OTCPK:NSANY) are both up 1.3% (Nikkei +1.2%) on some positive news this week for the Japanese automakers.
    • The companies both gained market share on strong sales in Europe and the U.S. during January amid positive review for new models.
    • Those sales in the U.S. and Europe are magnified as Toyota and Nissan convert cash back to the weaker yen.
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  • Tue, Feb. 17, 10:16 AM
    • Toyota (NYSE:TM) car registrations +8.5% to 51,236 units in January, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +6.7% Y/Y, led by strong growth in Spain and Italy.
    • Toyota market share: 5.0% vs. 4.9% a year ago.
    • Results include the Toyota and Lexus brands.
    • EAMA release (.pdf)
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  • Mon, Feb. 16, 5:52 AM
    • Asian suppliers are resorting to costly air freight, as a labor dispute at U.S. West Coast ports disrupts supply chains across the Pacific.
    • With ports near gridlock, President Obama dispatched Labor Secretary Tom Perez to California on Saturday to try to broker an agreement between dockworkers and the group representing shippers and terminal operators.
    • Many automakers have been hit hard in the U.S. as car parts have been held up by the dispute. Honda (NYSE:HMC) has declared that it would slow production at several U.S. plants, Subaru (OTCPK:FUJHY) said it would continue flying parts in to its U.S. facilities, while Toyota (NYSE:TM) announced that it had reduced overtime at some factories. Nissan (OTCPK:NSANY) also stated that it is being affected.
    • A Shanghai index for U.S. West Coast freight rates rose 23 points last week to 2,265 and brokers said quotes had risen a further five points today.
    • ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
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Company Description
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.