Toyota (TM) trades up following strong 1Q operating results

Subaru aiming for 50% BEV sales by 2030

August 2, 2023 10:30 AM EDT

On Wednesday, Subaru made an announcement outlining their ambitious goal of achieving annual sales of 600,000 battery electric vehicles (BEVs) by the year 2030. This impressive target is set to account for 50% of the company's total global sales volume.

The company said it would aim to sell 400,000 battery EVs in the United... More

Toyota (TM) to bring new hybrid Land Cruiser to North America

August 2, 2023 8:13 AM EDT

Japanese automaker Toyota, on Wednesday, unveiled the first hybrid version of its Land Cruiser. The company aims to make a significant impact by bringing this high-margin and iconic sports utility vehicle to North America and other key markets.

Toyota said it will produce the new model of the brand that traces its roots to 1951, and a... More

Toyota nearly doubles Q1 profit, China remains challenging

August 1, 2023 12:32 AM EDT

TOKYO (Reuters) - Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen.

"Sales volumes across all regions increased compared to the same period a year earlier due to productivity improvement efforts made together with suppliers," the company said in its earnings announcement.

The world's top-selling automaker said operating profit for the three months through June totalled 1.12 trillion yen ($7.85 billion), an increase of 94% from a year earlier, beating the average 945.22 billion yen profit estimate in a... More

Sales surge globally in Toyota’s (TM) first half

July 28, 2023 8:52 AM EDT

Toyota Motor (NYSE: TM) released their sales, production, and export results for the first half of 2023 on Friday, reporting 4.9 million units sold, a 5.1% increase compared with the same period last year.

During the month of June, there was a notable 10% increase in global sales, reaching 898,947 units. This growth was... More

Toyota's global sales rise 5.1% to 4.9 million in first half of 2023

July 28, 2023 12:50 AM EDT

TOKYO (Reuters) -Japanese automaker Toyota Motor said on Friday it sold 5.1% more vehicles in the first half of 2023 compared with the same period a year earlier, helped by an easing of semiconductor supply constraints and especially stronger demand in Japan.

The company sold some 4.9 million vehicles globally in the six months through June, including of its... More