Tag Archives: NYSE: TM

Lexus 2022-24 Model-Year Front Passenger Airbag Recall

Posted on 6 April 2026 by Ken Zino

The front passenger seat in the subject vehicles is secured to a seat frame, which is equipped with a stopper and has an Occupant Classification System (OCS) that provides input to the Supplemental Restraint System to determine the deployment strategy of the front passenger airbag system, depending on the occupant load. Due to a manufacturing error during a specific production period at a certain supplier’s plant [Toyota Boshoku Corporation – AutoCrat], some vehicles may have an insufficient clearance between the seat frame and the stopper when taking into account normal production variation. If there is insufficient clearance, interference can occur between the seat frame and the stopper if the seat height is adjusted to certain positions, depending on the occupant load applied,” Toyota said in the required safety defect recall filing (49 CFR § 573) made public by the National Highway Traffic Safety Administration (NHTSA) this morning. Continue reading →

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Toyota Motor Posts Q3 FY 2026 Net Income of $7.6 billion

Posted on 6 February 2026 by Ken Zino

“In Japan, operating income decreased due to factors such as the effects of foreign exchange rates and increased expenses. In North America, operating income decreased due to U.S. tariffs. Other regions saw an increase in operating income thanks to increased sales volume, model mix and other factors,” said Kenta Kon, Chief Financial Officer, TMC. [Kon will take over from chief executive Koji Sato on 1April. “This change in roles is intended to accelerate management decision-making in response to changes in the internal and external environment,” Toyota said in a release. Sato  becomes vice chairman with a newly created position of chief industry officer. – AutoCrat.] Continue reading →

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Toyota Motor North America Q2 Sales up 7.2%

Posted on 1 July 2025 by Ken Zino

“Steady demand for our Toyota and Lexus brands resulted in strong sales throughout the second quarter,” said Mark Templin, executive vice president and chief operating officer, TMNA. “Our lineup of 32 electrified vehicles was a big part of that draw as they represented over 46% of our sales in June.” Continue reading →

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Toyota Motor FY2025 Q2 Earnings Down Significantly

Posted on 6 November 2024 by Ken Zino

Toyota Motor* today in Tokyo (NYSE: TM, 7203T) posted a FY Q2 profit drop of ~¥1.28 trillion yen year-over-year at ~¥573.7 billion. Toyota sold 2.3 million vehicles globally, compared to 2.4 million YOY. Quarterly sales revenue rose a tad ~¥11.44 trillion (~$75 billion) from ¥ 11.43 trillion. Nonetheless, Toyota re-affirmed its full fiscal year 2025 profit forecast of ¥3.57 trillion (~$23 billion), down from ~¥4.94 trillion fiscal year 2024. Simply put Toyota’s certification problems and plant shut downs clobbered earnings.

“This fiscal year, while maintaining our ability to earn 5 trillion yen, we are strengthening and accelerating our investment in people, including suppliers and dealers, and investment in growth areas. We are taking such measures a step higher, expanding total investments to 830 billion yen,” said Toyota Chief Financial Officer Yoichi Miyazaki. Continue reading →

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Toyota to Invest in Joby Aviation EV Taxis!

Posted on 15 October 2024 by Ken Zino

In a quiet, overlooked announcement earlier this month, Toyota Motor Corporation (NYSE: TM) and Joby Aviation( NYSE: JOBY), a company developing electric air taxis for commercial passenger service, announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi.  The investment will be made in two equal tranches, with the first targeted to close later this year and the second during 2025. This is part of a trend of traditional automobile companies transitioning to mobility companies  on land, the seas, air or space.

“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.” Continue reading →

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