Toyota (TM) achieved record sales in November

Deutsche Bank expecting softer auto sales in December

December 29, 2023 10:31 AM EST

Deutsche Bank released their sales preview for the month of December, with analysts suggesting the US light vehicle SAAR may come close to the 15.3-million-unit mark. This projection reflects a slight decrease from November's 15.5 million but significantly surpasses December 2022's figure of 13.6 million. They estimate a YoY increase of approximately 7% in total sales, with retail unit sales rising by 6% and fleet sales experiencing a 15% increase compared to the previous year.

As the sales recovery continues, truck sales have shown a slight YoY increase, reaching... More

Why auto stocks are up today

December 27, 2023 8:25 AM EST

In a promising turn of events, shares in major European and US carmakers are set to open higher on Wednesday as November sets new records in sales and production.

Steady vehicle demand across North America and Europe has contributed to this success. Stellantis (NYSE:... More

Midday movers: Tesla, Coinbase, and more

December 27, 2023 8:11 AM EST

(Updated - December 27, 2023 12:00 PM EST)

Investing.com -- Main U.S. indexes were largely unchanged Wednesday, stabilizing after recent gains during the last trading week of what has been a positive year.

Here are some of the biggest U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock rose 2.2% with Bloomberg reporting that the electric car maker is preparing to launch a revamped version of its Model Y from... More

Futures flat, Toyota sales, SoftBank windfall - what's moving markets

December 27, 2023 5:33 AM EST

Investing.com -- U.S. stock futures traded largely flat Wednesday, with traders consolidating the year's strong gains in the final week of the year. SoftBank received a hefty windfall in the form of T-Mobile US shares, while Toyota detailed a record November for global sales. The Chinese economy showed signs of life, while the crude market continued to look at the turmoil in the Middle East.

1. Futures flat in final trading week 

U.S.... More

Morgan Stanley Reiterates Equalweight Rating on Toyota Motor (7203:JP) (TM)

December 27, 2023 12:12 AM EST

Morgan Stanley analyst Shinji Kakiuchi reiterated an Equalweight rating and JPY3,000.00 price target on Toyota Motor (7203:JP) (NYSE: TM).

... More

Toyota's global output surges to record in November on strong demand

December 26, 2023 11:32 PM EST

TOKYO (Reuters) - Toyota Motor's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.

Output for November climbed to 926,573 vehicles, while worldwide sales increased 14% from a year earlier when automakers... More

Toyota's (TM) Daihatsu will compensate suppliers as production remains paused

December 26, 2023 3:28 PM EST

Toyotas (NYSE: TM) small car unit, Daihatsu Motor, announced this week that the company will compensate 423 of their suppliers whose plants have been idled after a safety investigation found issues involving 64 models, including almost two dozen sold under Toyota's brand.

The small car... More