The latest trading day saw Toyota Motor Corporation (TM) settling at $160.34, representing a +1.08% change from its previous close.
Short-term volatility is whipsawing the S&P 500 and global equity markets, and the root cause appears to be the latest wave of trade tariff announcements by President Trump.
Toyota aims to have about 15 electric vehicle models developed on its own by 2027 and is targeting production of about 1 million cars a year by then, the Nikkei newspaper said on Sunday.
Tariffs will quickly slow U.S. car sales. However, some brands have models with almost no inventory.
Toyota Motors' North American unit reported a rise of about 1% in first-quarter U.S. vehicle sales on Tuesday, fueled by demand for its pickup trucks and luxury models.
Japanese carmakers are in dire straits, with Toyota likely to be the worst hit due to their huge U.S. exposure, according to Vivek Vaidya, global client leader for mobility at research firm Frost & Sullivan. President Donald Trump on Wednesday announced sweeping 25% tariffs on cars "not made in the U.S.," sending shockwaves through global automakers.
In the latest trading session, Toyota Motor Corporation (TM) closed at $176.53, marking a -1.42% move from the previous day.
Toyota will keep running its operations as it has been and focus on bringing down fixed costs, it said on Monday, not expressing any intention to raise vehicle prices in response to U.S. President Donald Trump's tariffs.
Soaring demand for Toyota's gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
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.
Toyota Motor said on Friday its global production rose for the second consecutive month in February, driven by higher output and stronger sales in Japan after recovering from a certification scandal in its home market last year.