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February 26, 2013
07:07 EDTTMToyota to begin exporting Venza to Russia and Ukraine in 2013
These shipments are expected to build upon Toyota's all-time record export of more than 124,000 U.S.-assembled vehicles to 21 global markets in 2012, an increase of 45% over the prior year. Once production begins in April, Toyota expects to export approximately 5,000 Venza vehicles to Russia and Ukraine during the first year of sales. These vehicles will be built at the company's Georgetown, Ky. plant, which employs about 6,600 team members and represents a $6B investment. The Georgetown plant is the company's largest manufacturing facility outside of Japan. Venza exports to Russia and Ukraine will ship from Brunswick, GA.
News For TM From The Last 14 Days
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February 5, 2016
05:39 EDTTMToyota reports FY16 first nine months Automotive revenue up 5.6% to Y1.04T
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05:36 EDTTMToyota reports FY16 first nine months EPS Y597.29 vs. Y545.68 last year
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February 3, 2016
09:49 EDTTMToyota says Scion brand to transition to Toyota brand
Scion, established as a separate brand in 2003 as a laboratory to explore new products and processes to attract youth customers, is now transitioning back to the Toyota brand, Toyota said in a statement. Scion achieved its goals of developing unique products and processes, and bringing in new, younger customers to Toyota. With more than a million cars sold, 70 percent of Scions were purchased by customers new to Toyota and 50 percent were under 35 years old. "This isn't a step backward for Scion; it's a leap forward for Toyota. Scion has allowed us to fast track ideas that would have been challenging to test through the Toyota network," said Jim Lentz, founding vice president of Scion and now CEO, Toyota Motor North America. Toyota's decision was made in response to customers' needs, the company said. As part of the brand transition, beginning in August 2016, MY17 Scion vehicles will be rebadged as Toyotas. The FR-S sports car, iA sedan and iM 5-door hatchback will become part of the Toyota family. The tC sports coupe will have a final release series edition and end production in August 2016. The C-HR, which recently debuted at the L.A. Auto Show, will be a part of the Toyota line-up. Scion's 22 dedicated team members, who represent sales, marketing, distribution, strategy, and product and accessories planning, will have the opportunity to take on new jobs at Toyota Motor Sales, U.S.A., Inc. in Torrance.
February 2, 2016
15:46 EDTTMToyota recalls about 320K vehicles in U.S. due to airbags
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15:33 EDTTMDoJ, CFPB reach settlement with Toyota on allegations of auto lending bias
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14:11 EDTTMAutodata estimates January U.S. auto sales pace at 17.58M, CNBC reports
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11:23 EDTTMToyota reports January U.S. sales down 4.7% to169,194 units
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07:09 EDTTMTrueCar projects U.S. revenue from new vehicle sales reached $38B in January
TrueCar projects U.S. revenue from new vehicle sales reached a record high for the month of January of $38 billion, up 1.4 percent from a year ago. January marked the auto industry's 25th consecutive month of year over year revenue expansion. Higher average transaction prices helped automakers post a $520 million gain in revenue versus January 2015, despite a likely increase in incentive spending and somewhat lower sales compared with a year ago. As previously announced, TrueCar projects sales of new cars and light trucks contracted 0.3 percent last month. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
February 1, 2016
18:46 EDTTMAutomakers hit with additional costs due to China regulatory shift, Reuters says
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05:48 EDTTMToyota confirms plans to halt domestic production from February 8-13
Due to parts shortages resulting from an explosion that occurred on January 8 at an Aichi Steel Corporation manufacturing facility, Toyota Motor Corporation will suspend all production on its vehicle assembly lines within Japan from February 8 through 13. Operations are scheduled to recommence on February 15, and vehicle production on lines outside Japan will not be suspended. Toyota will continue to take any measures necessary to minimize the impact of this incident on vehicle production. Such measures may include production on alternate lines operated by Aichi Steel and procurement from other steelmakers.
January 31, 2016
20:43 EDTTMOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
19:39 EDTTMToyota may halt domestic production amid steel shortage, Reuters says
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January 29, 2016
05:48 EDTTMToyota confirms plans to buy out rest of Daihatsu
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January 28, 2016
10:28 EDTTMTakata CEO plans to resign, WSJ reports
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05:47 EDTTMToyota seen deciding Friday on buying out rest of Daihatsu, Reuters reports
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January 27, 2016
12:34 EDTTMToyota to recall roughly 5000 2016 Lexus vehicles equipped with faulty air bag
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January 26, 2016
20:02 EDTTMToyota plans offer for rest of Daihatsu, denies Suzuki alliance, Bloomberg says
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19:46 EDTTMToyota says not in talks with Suzuki on tie up, Bloomberg says
19:37 EDTTMToyota planning offer to acquire rest of Daihatsu, Bloomber says
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17:52 EDTTMToyota in talks for broad alliance with Suzuki, Nikkei says
Toyota (TM) and Suzuki (SZKMF) have begun talks on a broad alliance to share technology and capitalize on automotive demand in emerging markets such as India, reports the Nikkei. Reference Link
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