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PLANO, Texas, Feb. 12, 2024 /PRNewswire/ -- Toyota Motor North America (TMNA) today announced executive changes designed to drive continued growth, advance its commitment to vehicle electrification, and prepare for the future of mobility. The following manufacturing changes are effective immediately.Promotions: Toyota Motor North America Announces Executive Changes - Kevin Voelkel is promoted to senior vice president, vehicle plants. In this position, he will be responsible for overseeing North American ...

Shares of Toyota Motor (TM -0.82%) were gaining this week after the automaker reported strong third-quarter results, showing that its strategy of investing in hybrid vehicles instead of electric vehicles (EVs) is paying off.The news came as investor sentiment in the auto sector continued to shift from EVs toward legacy automakers. As a result, Toyota finished the week up 10.8%, according to data from S&P Global Market Intelligence. Toyota is figuring it outThe world's biggest automaker by vehicles sold post ...

Toyota (TM) posted third-quarter fiscal 2024 earnings of $6.81 per share, surpassing the Zacks Consensus Estimate of $3.66 and surging from the year-ago earnings of $3.78 a share. Consolidated revenues came in at $81.5 billion, beating the consensus mark of $73.7 billion and rising from $69.16 billion in the year-ago quarter.  Toyota — currently carrying a Zacks Rank #3 (Hold) — had cash and cash equivalents of ¥7.58 trillion ($53.77 billion) as of Dec 31, 2023. Long-term debt was ¥19.25 trillion ($136.6 bi ...

Toyota Motor’s shares 7203, +4.82% rose sharply to a record high, extending the previous day’s gains after the automaker raised its fiscal-year earnings forecast. Shares were recently 4.9% higher at 3,289 yen after rising as much as 7.3% to a record intraday high of Y3,364 earlier Wednesday morning. Toyota said Tuesday that it expects net profit to climb 84% to 4.500 trillion yen ($30.42 billion) for the fiscal year ending March as hybrid vehicles lead sales growth. It previously forecast a 61% increase ...

Toyota announced Tuesday the automaker is pouring another $1.3 billion into its flagship Georgetown, Kentucky, plant, where it will begin producing a new all-electric SUV. The Japanese automaker says the project will bring its investments in the plant to nearly $10 billion. Ticker Security Last Change Change % TM TOYOTA MOTOR CORP. 218.86 +15.83 +7.80% Toyota Motor Corp "Today’s announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations," said Kerry Creech ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Contributions promote recovery; customer payment relief offers assist those in need PLANO, Texas , Feb. 6, 2024 /PRNewswire/ -- Toyota Motor North America and Toyota Financial Services announced efforts to assist those suffering from the impacts of recent storms and flooding in California. Toyota contributes annually to The American Red Cross and SBP, and these funds are utilized to support recovery efforts when disasters strike around the nation. To further assist affected communities, Toyota is matching c ...

Toyota Motor is investing $1.3 billion in a Kentucky plant to produce a new all-electric, three-row SUV for the U.S. market, the company said Tuesday.The vehicle is expected to go into production between late 2025 and early 2026, according to a company spokeswoman. It is part of previously announced plans by the Japanese automaker to invest $35 billion in battery-electric vehicles, or BEVs, through 2030.A company spokesperson declined to provide additional details of the upcoming vehicle, which will likely ...

 $1.3 Billion Investment Reinforces Commitment to Stable Employment and Future Production Reinvesting Profits in the North American MarketGEORGETOWN, Ky., Feb. 6, 2024 /PRNewswire/ -- Toyota announced a $1.3 billion investment at its flagship Kentucky facility for future electrification efforts including assembly of an all-new, three row battery electric SUV for the U.S. market. The project brings the plant's total investment to nearly $10 billion and reinforces Toyota's commitment to high-quality vehicles ...