For fiscal 2025, TM projects total retail vehicle sales of 10.85 million units, indicating a decrease from 11.09 million units sold in fiscal 2024.
Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development,
Toyota Motor said Friday that California-led electric vehicle mandates starting next year are "impossible" to meet. The regulations call for 35% of 2026 model-year vehicles, which will begin to be introduced next year, to be zero-emission vehicles.
Toyota Motor Corporation's fiscal Q2 was weakened by production halts and macroeconomic weakness in especially the European market, with a stable performance and outlook underneath. The weak positioning in EV manufacturing stands as a notable concern for Toyota's future growth, as the company is rather focusing on satisfying current market demand with HEVs. The stock's current valuation accounts for slow growth from Toyota going forward, being fair in my opinion.
Toyota Motor Corporation (NYSE:TM ) Q2 2025 Earnings Conference Call November 6, 2024 12:00 AM ET Company Participants Masahiro Yamamoto - Chief Officer of Accounting Division Group Yoichi Miyazaki - EVP and CFO Hiroyuki Ueda - Chief Officer of Corporate Communications Group Conference Call Participants Hayakawa Shuntaro - NHK Unidentified Company Representative Ladies and gentlemen, thank you very much for joining us for the media briefing for the Fiscal Year ‘25 Q2 Financial Results. About the document to be presented today.
Toyota Motor (TM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Toyota faces challenges in Japan and China, but its emphasis on hybrids over full EVs keeps being vindicated.
The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.
The world's largest automaker by sales volume saw a 20% year-on-year drop in operating profit. The company maintained a full-year operating profit of 4.3 trillion yen.
Toyota Motor posted a 20% decline in second-quarter profit on Wednesday, as slowing sales and production volume hurt results.
The Zacks Consensus Estimate for TM's fiscal second-quarter earnings and revenues is pegged at $4.39 per share and $79.78 billion, respectively.
Joby Aviation is making significant strides in FAA certification and has promising partnerships, making it a leader in the eVTOL industry. The company's ridesharing plans face challenges, particularly around the economics for pilots and aircraft owners, but partnerships with Toyota, Delta, and Uber are strong. Financially, Joby has enough cash to last 4–5 quarters without revenue, bolstered by recent investments from Toyota and a $202 million equity raise.