Toyota Motor's April global sales and production fell from a year earlier, hurt by an intense price war in China and a decline in Japan after a production stoppage of some models and a safety test scandal at its small car unit.
Proxy advisory firm Glass Lewis has recommended Toyota Motor shareholders vote against re-electing Chairman Akio Toyoda at the Japanese automaker's annual general meeting in June, saying the board was not sufficiently independent.
Toyota Motor and smaller Japanese automakers Subaru and Mazda Motor have each committed to developing new engines tailored to electrification, they said in a joint statement on Tuesday.
Toyota (TM) plans to invest $531 million in its truck manufacturing plant in Texas to improve the production of vehicle components.
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.
Do you feel that large-cap stocks representing U.S.-based companies are overvalued now? Maybe you just need to expand your geographic horizons, then.
Toyota Motor's North America arm is seeking tax relief for a potential $531.7 million investment in its Texas facility, the San Antonio Express-News reported citing public record filings on Tuesday.
Japan's economic and investment conditions are favorable, with rising equity prices and increasing dividends from Japanese firms. With the country's stock market in a bullish phase and a weak yen, export companies particularly benefit. I reiterate a buy rating on Toyota Motor, given its modest valuation, though the firm forecasts a pause in EPS growth this year to focus on improving its position.
The midsize Toyota Tacoma truck outsells rivals, including American brands. But the market is increasingly crowded with trucks from Ford, GM, and EV brands.
A successful focus on gas-electric hybrid vehicles has led to Toyota Motor Corp.'s (NYSE: TM ) sales and profits surging, making TM stock the best automotive buy out there. In the last 12 months, TM stock has risen 55%, including a 21% gain so far this year.
Toyota Motor was forced to repeatedly halt production at a Mexico plant in February and March after local labour shortages snarled output at suppliers, according to people with knowledge of the automaker's operations.
Toyota (TM) envisions operating income to be 4.3 trillion yen in fiscal 2025, indicating a contraction of 19.6% year over year.