|Bid||123.25 x 900|
|Ask||123.44 x 900|
|Day's range||122.66 - 125.67|
|52-week range||108.01 - 145.41|
|Beta (5Y monthly)||0.84|
|PE ratio (TTM)||7.52|
|Forward dividend & yield||3.59 (2.93%)|
|1y target est||158.84|
Owners of Toyota Prius, Camry and Avalon Hybrids hit the automaker with a class-action lawsuit regarding a brake defect according to Hagens Berman.
Owing to weak consumer confidence and substantial increase in unemployment, car sales are likely to further decline in the coming months.
GAC's joint ventures with Toyota Motor Corp and Honda Motor Co Ltd are aiming for a big boost in annual China sales to a million vehicles each by 2025, a recording of a GAC earnings call reviewed by Reuters showed. For its venture with Toyota, that would represent a jump of 47% from 2019 levels while for the venture with Honda that would be a 30% surge. The state-owned automaker will also aim to sell 1 million units annually under its own brand by 2025, Feng Xingya, GAC's general manager told investors and analysts on the call on Wednesday which was not open to media.
The auto industry is reeling amid the coronavirus. TPG Global senior advisors and former Ford CEO Mark Fields chats with Yahoo Finance.
General Motors, Ford and other car makers, along with other manufacturers, are re-directing their resources for COVID-19 relief measures.
The automaker said it would begin mass production of 3-D printed face shields early next week, and was currently looking for partners to produce COVID-19 mask filters. The first batch of face shields would be distributed to hospitals in Houston, Dallas, Indiana, Kentucky and Michigan, Toyota said. It was finalizing agreements with at least two medical device makers that produce ventilators and respirators to help boost their capacity, the company said.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Toyota Motor Corp and Nippon Telegraph and Telephone Corp have agreed to work together on developing smart cities and will invest 200 billion yen (1.55 billion pounds) in each other to cement the relationship, the two companies said on Tuesday. The two companies will develop a data platform which will compile and analyse information from homes, vehicles, and public institutions, which will be used to create new services focusing on transportation, health, and energy usage. Under the agreement, Toyota will take a 2.07% stake in Japan's biggest telecoms company, while NTT will take a 0.9% stake in the automaker.
Japan's Toyota Motor Corp on Monday said it would develop a heavy-duty fuel-cell truck with its subsidiary, Hino Motor Co, as it sees hydrogen technology as a zero-emissions alternative to battery power for large commercial vehicles. In a statement, Toyota said the truck, based on Hino's Profia model, would be equipped with two fuel cell stacks developed for the next model of its Mirai fuel cell sedan. Toyota has long touted fuel cell vehicles as the ultimate "green car", and sees the technology as more efficient than battery electric cars, embraced by many rivals as a zero-emissions alternative to gasoline vehicles.
Toyota Motor Corp on Sunday said it would suspend production on one of its vehicle production lines at a plant near its headquarters in Japan through Wednesday, after a second plant worker tested positive for the COVID-19 virus. In a statement, the Japanese automaker said another employee at its Takaoka plant in Toyota City, Aichi Prefecture, tested positive for the virus, after it announced its first case of infection at the plant on Thursday. Toyota said the two employees had worked in close proximity to each other, and that it had asked a total of 33 employees at the site who had come into contact with the two workers to remain at home.
The Zacks Analyst Blog Highlights: General Motors, Ford, Honda Motor, Toyota Motor and Volkswagen AG
Automakers need to brace up for a prolonged period of weakness, with sales likely to face the heat at least till the first half of this year.
While European carmakers like Volkswagen and BMW are already warning a difficult year ahead, there are concerns about sustained economic impacts.
A coronavirus pandemic is having a big impact on the automotive manufacturing industry, the head of a Japanese lobby group said on Thursday, adding that its members will need to keep adjusting production, amid a projected slump in demand. "The truth is, it was shocking just how much the world could change in an instant," Akio Toyoda, who also leads Japan's biggest automaker, Toyota Motor Corp, told a news conference in Tokyo. "At this point, we can't foresee what's ahead for automakers," added Toyoda, the chairman of the Japan Automobile Manufacturers Association.
The Zacks Analyst Blog Highlights: Toyota, Comcast, S&P Global, Northrop Grumman and Interactive Brokers
Ólöf Jónsdóttir has been hired as the CEO of Lykill hf., a subsidiary of TM hf., and succeeds Lilja Dóra Halldórsdóttir. Ólöf has been working in the Icelandic financial market for the last fifteen years. Ólöf is a Mechanical- and Industrial Engineer from the University of Iceland and holds a Masters Degree in Operational Research from London School of Economics.
Toyota Motor Corp said on Friday that production at its vehicle plant in Guangzhou, China, would return to normal on Monday, after a month-long output suspension due to the coronavirus outbreak. The Japanese automaker's plant in southeast China will resume its second shift, returning to production levels from before the outbreak accelerated last month. Operations at two other Toyota plants, in Changchun, Jilin Province, and Chengdu, Sichuan Province, have also returned to normal, while its plant in Tianjin is only operating a single shift, compared with double shifts at the start of the year.
At the Annual General Meeting of TM hf. today, March 12, 2020, proposals were passed on disposing of the company's surplus income, the authority to buy own shares, among other.