Shares of Toyota Industries were set to surge on Monday after Japanese automaker Toyota said over the weekend it was exploring the possibility of investing in a potential buyout of the key parts supplier.
Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries - a buyout that reportedly could cost $42 billion.
Toyota Motor Chairman Akio Toyoda has proposed the acquisition of supplier Toyota Industries in a possible 6 trillion yen ($41.8 billion) deal, Bloomberg News reported on Friday.
Toyota Motor said on Thursday that its overseas sales in March touched a record high for the month, fuelled by a surge in North American purchases ahead of U.S. import tariffs that came into effect in early April.
Toyota's Hino Motors and Mitsubishi Fuso, the truck division of Germany's Daimler, are nearing a merger agreement, according to a report by the Nikkei Asian Review. The two manufacturers are said to be working towards forming a joint holding company, with plans to list the new entity on the Tokyo Stock Exchange by April 2026.
Toyota Motor (TM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The Japanese company is weighing whether to produce the next version of its SUV at its Kentucky factory, according to a report.
Toyota is considering producing the next version of its top-selling RAV4 SUV in the United States, three people familiar with the matter said, becoming the latest automaker to rethink supply chains to lessen the hit from U.S. tariffs on imported vehicles.
Toyota Motor (TM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Toyota Motor Corporation shares have outperformed peers, down only -2.55% following Liberation Day. Despite Japan initiating the negotiation process with the US, the 25% automotive tariff still stands. Tariffs are impacting all automotive OEMs and may potentially lead to consumer migration to Toyota as the automaker's vehicles are seen as a budget-friendly product. Management is investing in training staff and expanding into growth areas in the US and China with new battery and battery-electric vehicle production.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Zacks.com users have recently been watching Toyota Motor (TM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.