The Latest Breaking News from TM

Toyota Motor Corp (NYSE:TM) looked at additional production cuts in March as the semiconductor chip crisis continues to pinch, Reuters reports.  The production suspension will affect the production of ~14,000 Noah and Voxy minivans. Recently, the Japanese automaker reduced its domestic production target by up to 20% for the April-June quarter. Toyota looked to…

Toyota Motor Corp (NYSE:TM) will cut down domestic production in April, May, and June to reign in chip supply crunch, Reuters reported. Global automakers have been facing a supply chain crunch since the COVID-19 pandemic struck and fear that the Ukrainian crisis could amplify their woes. Toyota plans to reduce domestic production…

Toyota Motor Corp (NYSE:TM) has made a $90 million investment in two of its U.S. manufacturing facilities to expand the production of electrified vehicles. The company has made a $73 million investment in Toyota West Virginia (TMMWV) and $17 million in Toyota Tennessee (TMMTN). The move comes after the $240 million investment announced…

Mega-cap stocks tend to dodge market volatility better than smaller stocks, given their companies’ market dominance and financial stability. So, fittingly, prominent mega-cap players Mastercard (MA), Exxon Mobil (XOM), Toyota Motor (TM), Chevron (CVX), and Wells Fargo (WFC) have emerged as the best performers amid the market downturn in January.…

Japanese automaker Toyota (TM) displaced General Motors (GM) last year as the highest-selling automobile manufacturer in the United States amid strong demand for EVs and hybrids. The rising acceptance of international car brands in the U.S. has caused domestic automobile manufacturers to lose market share. Given this backdrop, we believe…

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