Toyota Motor (7203.T) said on Friday its global vehicle sales and production fell in July, weighed by declines in China, the United States and the Middle East, which offset a stronger performance in Japan.
Global sales fell 4.8% from a year earlier to 856,125 vehicles, while production dropped 2.1%.
A 24.3% plunge in China dragged sales down, marking a sixth successive month of decline, as higher petrol prices weighed on demand for hybrid and traditional combustion engine vehicles, Toyota said.
Sales in the United States, Toyota's largest market, slipped 0.8%, while those in the Middle East dropped 44.5%, offsetting an 11.0% rise in Japan.
A sharp 32.7% drop in China and a 4.0% decrease in the United States pulled production down, despite a 12.4% rise in Japan.
Exports from Japan rose 10.2% from a year earlier to just over 196,000 vehicles, increasing for the third consecutive month and marking the highest level since October.
Electric vehicle makers Tesla (TSLA -1.71%) and China's BYD (BYDDY -0.43%) may be the industry's most talked about companies because they're the industry's two biggest names.
Yet, there's a third carmaker that both BYD and Tesla and their shareholders might want to start keeping a closer eye on since it's coming on strong within the electrified vehicle market.
That's automobile maker Toyota Motor (TM +1.29%). Yes, that Toyota.
Missing the boat (so to speak) Most investors probably know that Toyota has been tinkering with hybrids and even battery-only vehicles for a while now. What these investors might not fully appreciate is just how deep the world's biggest carmaker has waded into the electric vehicle market.
For the quarter ended in June, 1.41 million (or 51.9%) of the 2.71 million automobiles that Toyota manufactured during that three-month stretch were electric rather than combustion-powered.
Image source: Getty Images.
The vast majority of these cars were hybrids, which are distinctly different from all of the EVs made by Tesla, and roughly half the so-called new-energy vehicles manufactured by BYD. Teslas are only powered by a rechargeable battery, whereas hybrids combine battery power with a combustion engine, making them practical even when recharging them is impractical.
The thing is, Toyota's dedication to the continued development of its hybrid automobile business may be a brilliant one despite all the hype being generated by the proliferation of battery-only electric vehicles. For perspective, while sales of battery-electric vehicles (or BEVs) within the United States grew slightly to 1.26 million cars in 2025, according to data from the National Automobile Dealers Association (NADA), hybrid sales quietly but decisively topped that figure at 2.05 million, up 27.6% year over year.
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And the U.S. market hasn't been particularly receptive to either alternative to conventional combustion-powered automobiles. Of the roughly 90 million cars that were sold worldwide last year, industry research outfit Imarc reports nearly 16.3 million were hybrids, up 24.8% year over year, easily outpacing sales and sales growth of battery-only EVs. Electric vehicle market leaders Tesla and BYD only delivered 3.86 million BEVs between them last year, for reference.
Moreover, Imarc expects hybrid automobile sales to reach nearly 126 million units per year by 2034, once consumers recognize this option sidesteps most of the concerns that are crimping interest in battery-only EVs here and abroad. Already the leading name of the hybrid market with last fiscal year's sales of over 4.6 million hybrid cars, Toyota stands ready to capture at least its fair share of this growth.
A development that's too big to ignore Only time will tell whether hybrids will displace battery-only EVs, or if there's room for both options. What is clear is that the demand for hybrids is very real, and growing, posing at least an indirect threat to Tesla, which is already contending with a formidable BYD on the electric vehicle front. In the meantime, BYD is also becoming a respectable contender in the hybrid business that's proving a marketable alternative to BEVs.
Arguably more than anything, though, Toyota may be an investment prospect that too many investors are looking right past, assuming it's no longer relevant. It very much is.
Trump navrhuje 50% clo na dovoz kanadských automobilů do USA, což by nejvíce zasáhlo Toyotu a Hondu, které tam vyrábějí více než tři čtvrtiny všech vozů. Analytici čekají, že by musely omezit i některé výrobní linky v Kanadě.
U.S. President Donald Trump is targeting Ottawa with a proposed 50% tariff on Canadian car imports — but Japan's Toyota (7203.T) and Honda (7267.T) may end up footing the bill.
The two Japanese automakers account for more than three-quarters of all cars made in Canada. They could be forced to shutter some production lines if the tariffs go into effect on January 1 as proposed, analysts said.
While a deal could still be reached, the timing of the U.S. tariffs couldn't be worse, as Japanese automakers are being stung by competition from low-cost Chinese EVs in markets such as Southeast Asia, Europe and Latin America.
The United States remains Toyota and Honda's biggest market and, crucially, one where Chinese rivals like BYD (002594.SZ) aren't allowed in.
Canadian-built cars accounted for almost a quarter of Honda's U.S. sales and 17% of Toyota's last year, the most among major automakers, according to Barclays analysts. As a result, the two face the biggest potential hit from Trump's plan to double the levies from the current 25%.
"If you really wanted to destroy the Canadian auto industry, you could with these tariffs," said Julie Boote, autos analyst at Pelham Smithers Associates in London.
Both companies would likely have to close some of their Canadian assembly lines, she said.
Toyota and Honda declined to comment.
SCRAMBLING TO ADAPT
Canada's auto industry produces around 1.2 million cars a year and indirectly supports some 427,000 jobs. Toyota's exports from Canada to the United States include the RAV4, while Honda exports the CR-V. Both cars are among the best-selling SUVs in the United States.
The proposed tariffs are the latest example of Trump trade policies that have left the global auto industry scrambling to adapt. For years, U.S., European, Japanese and South Korean car companies and their suppliers built production chains across North America, taking advantage of cross-border trade deals and, especially in Mexico, lower labour costs.
But cost dynamics have now changed drastically. U.S. tariffs cost Toyota some 1.4 trillion yen ($8.8 billion) in the last financial year.
Toyota is now doubling down on U.S. production. The world's largest automaker last year said it aims to invest up to $10 billion over five years to expand its U.S. operations. That will include a new $3.6 billion auto plant in Texas, where it intends to move production of the Tacoma pick-up truck from its Baja California plant in Mexico.
For Honda, which is struggling to turn around its money-losing car business, tariffs have only added to the strain.
A senior executive recently told reporters that it might not build an eighth assembly plant in North America unless USMCA free trade talks among the United States, Canada and Mexico are extended. USMCA is the revised version of the 1994 NAFTA trade pact and has been in place for six years. Trump opted on July 1 not to renew it, subjecting it to annual reviews, although talks have continued.
Last year, South Korea's Hyundai (005380.KS) said uncertainty about USMCA was delaying its investment decisions.
'MAJOR SHIFT'
If the tariffs take effect, Toyota and Honda would likely try to redirect Canadian-built vehicles to other markets and then try to find ways to make up supply for the all-important U.S. market — hardly an easy task, analysts said. U.S.-bound vehicles are often tailored to the market's needs and regulations, while factories elsewhere may already be operating near capacity.
"It would represent a major shift from the past," said Seiji Sugiura, a senior analyst at Tokai Tokyo Intelligence Laboratory.
Two Japanese suppliers said they were unsure what would happen next and it remained, at least for now, impossible to plan given that it still remained uncertain whether the tariffs would go into effect.
"We're trying not to overreact," one of the supplier executives said.
Toyota svolává v USA 508 354 vozů kvůli závadě displeje přístrojového štítu, která může zvyšovat riziko nehody. Týká se to některých modelů Camry Hybrid z let 2025–2026.
A man walks past the Toyota logo during a launch event in Mumbai, India, January 20, 2026. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing Rights, opens new tab
CompaniesAug 11 (Reuters) - Toyota (7203.T), opens new tab is recalling 508,354 vehicles in the U.S. as an instrument cluster that fails to display critical safety information increases the risk of a crash or injury, the National Highway Traffic Safety Administration said on Tuesday.
Here are some details:
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The recall includes certain 2025-2026 Camry Hybrid vehicles.
A failure in the instrument cluster display during vehicle startup may deactivate the hazard lights, turn signals, seat belt warning system, and smart key reminder, the auto safety regulator said.
Dealers will update the display software, free of charge, the NHTSA added.
Preetika Parashuraman in Bengaluru; Editing by Mrigank Dhaniwala
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Toyota svolává v USA 508 000 Camry modelových let 2025 a 2026 kvůli vadnému 7palcovému přístrojovému panelu, který může vypnout směrovky, výstražná světla i zvukové upozornění pásů. Oprava softwaru bude zdarma.
ToplineToyota on Thursday announced a recall covering 508,000 Camry vehicles in the U.S. over a dashboard defect that could inadvertently disable turn signals, hazard lights and seat belt warning chimes, potentially increasing the risk of a crash.
A faulty meter could go blank, potentially disrupting turn signals and safety alerts.
Getty Images
Key FactsToyota’s recall covers about 508,000 Camry vehicles from the 2025 and 2026 model years with a defective 7-inch combination meter—the dashboard screen behind the steering wheel that shows information like speed, fuel level and warning lights—that may go blank at startup, the automaker announced.
The malfunction may prevent affected vehicles from meeting federal safety standards, as turn signals, hazard lamps and warning chimes could be disabled, Toyota said, adding the risk of injury or a crash increases depending on the defect’s scale.
Toyota dealers can reprogram the combination meter software at no cost to drivers, who will be notified by the automaker by early October.
Drivers can check whether their Camry is included in the recall on Toyota’s website or the National Highway Traffic Safety Administration database by entering their Vehicle Identification Number or license plate.
big number18. That’s how many recalls Toyota has issued in the U.S. this year, tied with Hyundai for the fourth-most among all automakers and ranking behind General Motors (19), Chrysler (25) and Ford (63), according to NHTSA data. Ford issued 153 recalls in 2025, a record that covered 12.9 million vehicles, which surpassed the next four automakers combined, including Chrysler (53), Forest River (36), General Motors (28) and International Motors (26).
key backgroundThe Toyota Camry has ranked among the top-selling passenger cars in the U.S. for years, and the automaker said 2025 was its best-ever year for the model’s sales. Toyota does not issue as many large-scale recalls as other automakers, and its notices this year cover from as few as four vehicles to as many as 550,000. That latter recall covered defects affecting some of Toyota’s Highlander and Highlander Hybrid vehicles, which regulators said had second-row seat backs that may fail to lock in place and restrain a passenger during a crash.
further readingForbesFord’s Growing Recall List—Trapping Seats, Moving Seats And Engine Fires—Adds 80,000 SUVsBy Ty Roush
Toyota v 1. čtvrtletí fiskálního roku 2027 nesplnila odhady zisku na akcii kvůli vyšším mzdovým nákladům, odpisům a výdajům na R&D. Tržby byly meziročně téměř beze změny na 84,9 miliardy USD.
Key Takeaways Toyota Q1 earnings missed estimates as higher labor costs, depreciation and R&D expenses pressured profit.TM expects FY2027 retail sales of 11.18M vehicles, with operating income projected to decline 9.7%.TM forecasts FY2027 sales of 54 trillion yen, R&D spending of 1.6 trillion yen and capex of 2.3 trillion yen. Toyota Motor Corporation (TM - Free Report) reported first-quarter fiscal 2027 earnings of $7.57 per share, which missed the Zacks Consensus Estimate by 4.28% and increased from $4.47 reported in the year-ago quarter. Revenues remained nearly flat year over year at $84.9 billion.
Profitability was pressured by model mix, labor costs, depreciation and R&D expenses.
Toyota had consolidated cash and cash equivalents of ¥10.34 trillion ($64.34 billion) as of June 30, 2026. Long-term debt was ¥26.08 trillion ($162.3 billion), up from ¥25.62 trillion as of March 31, 2026.
TM’s Segmental ResultsThe Automotive segment’s net revenues for the fiscal first quarter increased 8.8% year over year to ¥12.01 trillion ($75.36 billion). Operating profit came in at ¥719.9 billion ($4.51 billion), which declined 21% from the year-ago period.
The Financial Services segment’s net revenues rose 23.2% from the prior-year quarter to ¥1.4 trillion ($8.78 billion). The segment registered an operating income of ¥275.7 billion ($1.72 billion), which rose 24% from the first quarter of fiscal 2026.
All Other businesses’ net revenues totaled ¥469.9 billion ($2.94 billion) in the reported quarter, which increased 37% year over year. The unit generated an operating profit of ¥16.3 billion ($512.5 million), which rose 118% year over year.
Toyota’s FY27 GuidanceFor fiscal 2027, Toyota projects total retail vehicle sales of 11.18 million units, indicating a decline from 11.28 million units sold in fiscal 2026. Fiscal 2027 sales are expected to total ¥54 trillion compared with ¥50.68 trillion recorded in fiscal 2026. Operating income is projected to be ¥3.4 trillion, indicating a contraction of 9.7% year over year.
Pretax profit is estimated to be ¥4.57 trillion, implying a decline from ¥5.12 trillion generated in fiscal 2026. R&D expenses are envisioned to be ¥1.6 trillion compared with ¥1.52 trillion spent in fiscal 2026. Capex is forecast at ¥2.3 trillion compared with ¥2.39 trillion spent in fiscal 2026.
TM currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto SpaceGeneral Motors Company (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla, Inc. (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Genuine Parts Company (GPC - Free Report) reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter. Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Genuine Parts reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash.
Toyota ve fiskálním 1. čtvrtletí zvýšila tržby o 10,4 % a vedení zvýšilo výhled na fiskální rok 2027 na provozní zisk 3,4 bilionu JPY. Zároveň oznámila zpětný odkup akcií za 1 bilion JPY a plán zrušit 200 milionů akcií.
SummaryToyota Motor Corporation is reiterated as a Buy, with attractive valuation despite lackluster technicals and recent underperformance versus the S&P 500.Q1 results were solid, with revenue up 10.4% and favorable FX effects, but macro headwinds and earnings estimate downgrades persist.Management raised FY 2027 guidance, expects operating income of 3.4 trillion yen, and announced a 1 trillion yen share repurchase with plans to retire 200 million shares.TM faces risks from global economic softness, USDJPY volatility, China EV competition, and supply chain pressures, but earnings growth is expected to return by FY 2029. rep0rter/iStock Editorial via Getty Images
Toyota Motor Corporation (TM) posted decent fiscal Q1 GAAP results on Tuesday, August 4. Shares were little changed before the opening bell on Wall Street, continuing a trend of somewhat lackluster price action so
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Toyota zvýšila celoroční výhled na provozní zisk o 13 % na 3,4 bilionu JPY, ale za první čtvrtletí jí provozní zisk klesl o 9 % na 1,06 bilionu JPY kvůli slabým prodejům v Číně.
Item 1 of 2 A man walks past the Toyota logo during a launch event in Mumbai, India, January 20, 2026. REUTERS/Francis Mascarenhas/File Photo
[1/2]A man walks past the Toyota logo during a launch event in Mumbai, India, January 20, 2026. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing Rights, opens new tab
CompaniesTOKYO, Aug 4 (Reuters) - Toyota (7203.T), opens new tab on Tuesday raised its annual operating profit forecast by 13% to reflect a weaker yen — the upward revision coming despite reporting a fifth consecutive quarterly earnings decrease on slumping sales in China.
The world's largest automaker now expects 3.4 trillion yen ($21.6 billion) in operating profit for the current financial year to end-March, up from its previous forecast of 3 trillion yen.
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"In addition to revised foreign exchange assumptions, we steadily accumulated improvements in our marketing efforts, including increased sales supported by the establishment of alternative logistics routes to the Middle East," Toyota said in a statement.
Operating profit for the April-June first quarter declined 9% to 1.06 trillion yen ($6.7 billion), compared with a median forecast of 1.11 trillion yen in a poll of eight analysts surveyed by LSEG.
It also said it plans to buy back shares worth up to 1 trillion yen, equivalent to as much as 4.22% of outstanding stock. It also plans to cancel 200 million shares.
($1 = 157.4900 yen)
Reporting by Daniel Leussink; Editing by Edwina Gibbs
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Toyota čeká pátý po sobě jdoucí pokles provozního zisku; pro duben až červen se odhaduje 1,11 bilionu JPY, tedy o 5 % méně meziročně. Zemětřesení v jižním Japonsku navíc zastavilo výrobu ve čtyřech domácích závodech.
Toyota logo on display at the 47th Bangkok International Motor Show 2026, in Bangkok, Thailand, March 24, 2026. REUTERS/Athit Perawongmetha/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesLSEG median estimate sees April-June operating profit at 1.11 trillion yen, down 5% year on yearToyota and Lexus global first-quarter sales fall 3% to just over 2.5 million unitsQuake prompts halt at three regional plants through Wednesday and another in central Japan through FridayTOKYO, Aug 3 (Reuters) - Toyota (7203.T), opens new tab is forecast to post a fifth straight quarterly operating profit decline this week, hit by weaker vehicle sales and rising costs, as investors gauge the impact of last week's earthquake in southern Japan.
The world's biggest automaker is expected to report 1.11 trillion yen ($7.04 billion) in profit for the April-June quarter on Tuesday, down 5% from a year earlier, according to the median estimate of eight analysts surveyed by LSEG.
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Analysts said weaker sales volumes in some overseas markets and rising costs across the supply chain linked to the conflict in the Middle East likely weighed on earnings during the period.
Global sales of Toyota and Lexus vehicles fell 3% to just over 2.5 million units in the first quarter, with sharp declines in China and the Middle East outweighing modest growth in the United States.
Investors will also be looking for clues on the fallout from a deadly earthquake that struck Japan's Kyushu island last week, disrupting production at suppliers and forcing Toyota to halt output at four domestic plants.
Toyota has suspended production at three plants in the region through Wednesday and halted output at another plant in central Japan through Friday. Two of the four plants are vehicle assembly sites.`
The uncertainty was highlighted on Friday when supplier Aisin (7259.T), opens new tab said it could not say when output at a damaged plant near the quake's epicentre would resume. About 200 people were working on recovery efforts at the site.
Global sales in the quarter were dragged down by a 28% decline in China and a one-third drop in the Middle East.
"The first quarter could be a bit tougher than expected," said Christopher Richter, autos analyst at CLSA, adding that sales volumes appeared weaker than expected during the quarter.
Richter said Toyota had also posted weak sales in Oceania and Latin America, where BYD (002594.SZ), opens new tab and other Chinese brands are expanding aggressively.
Toyota's sales in Oceania fell 16%, while those in Central and South America were down 5%.
The conflict in the Middle East, which began in late February, has pushed up prices for materials including aluminium and naphtha and disrupted vehicle shipments to the region, analysts have said.
Toyota has also faced pressure on U.S. sales from the transition of its outgoing RAV4 sport utility vehicle to a redesigned version of one of its best-selling models globally.
Richter said investors would be keen to hear details about when the company expects the model's sales to accelerate.
Analysts will also be looking for any change to Toyota's 3 trillion yen operating profit forecast for the current financial year, particularly as higher material costs and earthquake-related disruptions cloud the outlook.
($1 = 157.5700 yen)
Reporting by Daniel Leussink; Editing by Saad Sayeed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Daniel Leussink is a correspondent in Japan. Most recently, he has been covering Japan’s automotive industry, chronicling how some of the world's biggest automakers navigate a transition to electric vehicles and unprecedented supply chain disruptions. Since joining Reuters in 2018, Leussink has also covered Japan’s economy, the Tokyo 2020 Olympics, COVID-19 and the Bank of Japan’s ultra-easy monetary policy experiment.
Toyota a GAC opraví software u 39 552 elektromobilů bZ7 EV vyrobených v Číně kvůli bezpečnostním rizikům. Zásah může řešit chybné řazení i horší odmlžování a odmrazování.
Visitors surround Toyota's new bZ7 electric vehicle (EV) during a media day for the Auto Shanghai show in Shanghai, China April 23, 2025. REUTERS/Go Nakamura Purchase Licensing Rights, opens new tab
CompaniesBEIJING, July 31 (Reuters) - Toyota's (7203.T), opens new tab joint venture with GAC (601238.SS), opens new tab will fix software for 39,552 bZ7 electric sedans from August 1 over safety hazards, China's market regulator said on Friday.
The action, classified as a product recall under Chinese regulations, affects 15,266 bZ7 EVs with faulty smart Bluetooth module software that may cause unintended gear shifts while driving, disrupting power delivery.
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It also covers 24,286 vehicles with defects in the thermal management controller software that could, in extreme cases, reduce defrosting and defogging performance, affecting driver visibility, the regulator said in a statement.
Reporting by Beijing newsroom; Editing by Joe Bavier
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Toyota Motor poprvé za dva roky vykázala pokles globální výroby i prodeje za první pololetí kvůli slabší poptávce v Číně a změně modelu RAV4. Globální prodeje klesly o 2,9 % na něco přes 5 milionů vozů. Globální výroba se snížila o 1,2 % na méně než 4,9 milionu vozů.
Toyota bZ7 electric sedan is displayed at the Beijing International Automotive Exhibition (Auto China), in Beijing, China, April 24, 2026. REUTERS/Tingshu Wang Purchase Licensing Rights, opens new tab
CompaniesTOKYO, July 30 (Reuters) - Toyota Motor (7203.T), opens new tab said on Thursday its global first-half production and sales fell for the first time in two years, as weaker demand in China and a model changeover for its popular RAV4 sport utility vehicle weighed on results.
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Global sales for January-June dropped 2.9% year-on-year to just over 5 million vehicles, as a 17.1% decline in China offset stronger demand in North America and Japan.
Global vehicle production shrank 1.2% year-on-year to under 4.9 million vehicles over the first six months of the year.
For June, global sales edged 0.1% higher to 868,454 vehicles and production was up 2.9% at 879,321 cars.
Toyota's figures include sales and production at its luxury brand Lexus.
Reporting by Daniel Leussink; Editing by Sherry Jacob-Phillips
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Toyota Motor Corporation se dohodla, že vstoupí do cellcentric jako rovnocenný akcionář po boku Volvo Group a Daimler Truck; každý bude držet třetinu. Dokončení transakce se očekává kolem konce roku 2026 nebo na začátku roku 2027 a čeká na regulační schválení.
, /PRNewswire/ -- The Volvo Group, Daimler Truck AG, cellcentric and Toyota Motor Corporation have signed a binding agreement for Toyota to join as an equal partner and shareholder in cellcentric, with each owner to hold a third each. The agreement follows the previous non-binding agreement signed at the end of March this year. Completion of the transaction is conditional upon obtaining regulatory approvals. Through the collaboration, the parties intend to strengthen cellcentric's position as a leading developer and manufacturer of fuel cell systems for heavy-duty commercial applications.
Upon completion of the transaction, Toyota Motor Corporation will become an equal partner in cellcentric together with the Volvo Group and Daimler Truck. The parties plan to collaborate on equal terms, with the aim of strengthening cellcentric's technological lead, industrial scale and competitiveness in heavy-duty fuel cell technology. Through collaboration with industry associations and partners across the entire hydrogen value chain, the partners aim to actively support the development of hydrogen supply and infrastructure and unlock the hydrogen ecosystem.
cellcentric will continue to operate as an independent and autonomous company and serve a broad range of customers in heavy-duty on-road and off-road transport, as well as other heavy-duty applications such as coaches, stationary power generation, rail and heavy off-highway equipment. The Volvo Group, Daimler Truck and Toyota Motor Corporation will continue to compete independently in all other areas of their respective businesses.
Completion of the transaction is expected around year end 2026 or start of 2027 and is subject to obtaining regulatory approvals.
The transaction is not expected to have any material impact on the Volvo Group's earnings or financial position.
July 27, 2026
Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations
+46 76 553 7229
[email protected]
About cellcentric
cellcentric develops, produces, and commercializes fuel cell systems for use in heavy-duty commercial vehicles and other applications with comparable requirements. cellcentric is a joint venture of Daimler Truck AG and the Volvo Group founded in 2021. The company leverages the know-how and extensive experience gained from decades of developing fuel cell systems by its predecessor companies. cellcentric's goal is to become a leading global manufacturer and tier 1 supplier of fuel cell systems and thus make a contribution to climate-neutral and sustainable transportation. More than 560 highly qualified employees are continuously advancing cellcentric's state-of-the-art fuel cell technology. They work in interdisciplinary teams at sites in Kirchheim/Teck, Esslingen, Stuttgart (Germany) and Burnaby (Canada). Roughly 700 individual patents underline cellcentric's leading role in fuel cell technology development.
For more information, please visit volvogroup.com
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The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion). Volvo shares are listed on Nasdaq Stockholm.
This information was brought to you by Cision http://news.cision.com
Toyota investuje 3,6 miliardy USD do rozšíření výroby v Texasu, aby posílila svou severoamerickou stopu a lokalizovala produkci. Akcie přesto zůstávají vnímány jako hodnotové, s poměrem ceny k zisku 9,7×.
The move strengthens Toyota’s North American manufacturing footprint at a time when supply-chain resilience and domestic production have become increasingly important for global automakers.
Yet despite that aggressive investment, Toyota continues to be viewed as a value stock.
The automaker currently ranks among Benzinga Edge’s Top Value Stocks, reflecting its inexpensive valuation metrics and strong profitability. That creates an interesting disconnect: Toyota is spending like a company preparing for its next phase of growth, while Wall Street continues to value it like a mature automaker.
Toyota Still Trades Like A Value StockToyota’s valuation helps explain why it continues to earn a place among the market’s top value names.
According to Benzinga Pro data, the stock trades at just 9.7 times trailing earnings and 10.8 times forward earnings. It also carries an earnings yield of 10.3% and an EV-to-EBITDA multiple of 8.0—metrics typically associated with value stocks rather than companies making multibillion-dollar expansion bets.
Rather than conserving cash, Toyota is investing heavily to localize production, strengthen its U.S. manufacturing footprint and reinforce its position in the profitable North American truck market. The company has also continued leaning on its hybrid strategy, which has helped it outperform many rivals as EV demand has moderated.
For investors, the question is whether Wall Street is fully recognizing what Toyota is becoming—or still valuing what it has historically been.
TM Stock Chart Suggests Sentiment May Be ImprovingToyota’s technical picture suggests investors may already be warming to that idea.
Although the shares remain down 18.7% year to date, they’ve gained 5.5% over the past five trading sessions and are up nearly 4% over the past year, indicating buying interest has started to return after months of weakness.
Chart created using Benzinga Pro
The stock has also reclaimed its short-term moving averages, while the MACD (moving average convergence/divergence) indicator is recovering from the negative territory, signaling that bullish momentum is building. Meanwhile, the Relative Strength Index (RSI) sits near the neutral 50 level, suggesting the shares are neither overbought nor oversold and could have room to build on their recent rebound.
The next technical level investors may be watching is the 50-day moving average, which could act as the next test for a sustained breakout.
It’s a strategic investment in manufacturing flexibility, localized production and one of the world’s most profitable pickup markets. Yet even as the company commits billions to future growth, the stock continues to trade at the kind of valuation typically reserved for mature value companies—a view reinforced by its place among Benzinga Edge’s Top Value Stocks.
If Toyota’s manufacturing investment begins translating into stronger earnings growth and improving investor sentiment, Wall Street may eventually have to decide whether the company still belongs in the bargain bin—or whether its valuation deserves a second look.
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Toyota Motor North America investuje 3,6 miliardy USD do rozšíření závodu v San Antoniu, kde přidá druhou montážní linku pro Tacoma. Vznikne 2 000 nových pracovních míst, přibude 2,5 milionu čtverečních stop a areál se do roku 2030 zdvojnásobí.
Investment will enable Tacoma assembly alongside Tundra, Sequoia and rear axles
, /PRNewswire/ -- Toyota Motor North America (TMNA) announced it will invest $3.6 billion to expand its San Antonio manufacturing campus with a second vehicle assembly line to support the Tacoma truck. The expansion will create 2,000 new, high-quality jobs and add 2.5 million square feet to Toyota Texas, doubling its size by 2030.
TMNA will transition Tacoma production from Toyota Motor Manufacturing Baja California (TMMBC) to the expanded Toyota Texas plant over an approximate four-year period.
Toyota Announces $3.6B Expansion, 2,000 New Jobs at its San Antonio Plant - Investment will enable Tacoma assembly alongside Tundra, Sequoia and rear axles. "Toyota's continued investment in North America is a testament to our confidence in the region's workforce, innovation and long-term growth potential," said President and CEO Ted Ogawa, TMNA. "By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future."
After a highly competitive process, this expansion highlights Toyota's commitment to Texas as a vital hub for automotive innovation and manufacturing excellence.
"Texas is where the world builds bigger, and Toyota shows it once more with a $3.6 billion expansion in San Antonio that doubles their factory footprint and creates 2,000 new jobs," said Texas Governor Abbott. "This Texas-sized investment reflects the strength of our workforce and the unmatched business advantages found only in our state. Supported by the Texas Enterprise Fund and JETI program, this expansion will deliver economic opportunities to generations of San Antonio families and further cement Texas as the premier destination for world-class advanced manufacturing."
This latest investment will add another assembly line to the campus at Toyota Texas, which already includes a vehicle assembly line and new rear axle plant that is nearing startup.
"We are so proud of Team Texas and what they have accomplished over the past two decades," said Frank Voss, group vice president of truck manufacturing, TMNA and president of Toyota Texas. "The 2,000 acres of South Texas ranchland our plant stands on today was purposefully selected for its ability to scale with vehicle demand, and today marks the first step toward realizing that potential. We're excited to add the beloved Tacoma to our existing award-winning lineup, and we thank the State of Texas, Bexar County and City of San Antonio for their longstanding support."
This expansion brings Toyota's total investment in San Antonio to $8.3 billion since breaking ground in 2003. The new facility will enable increased flexibility for the plant through advanced manufacturing technologies and will align with Toyota's broader North American operations. Toyota remains committed to its operations throughout the U.S., Canada, and Mexico, and encourages a quick resolution to USMCA to make the North American region globally competitive.
"Toyota has been a loyal and dedicated partner in this community for two decades," said Bexar County Judge Peter Sakai. "This is the plant's second milestone investment in two years. Toyota continues to honor its commitments here, and this exciting initiative shows the confidence one of the world's leading companies has in Bexar County today and in the future."
Toyota's local workforce will climb to approximately 6,000 team members, supported by 23 on-site suppliers and their employees.
"San Antonio proudly hosts Toyota, and we're excited to be selected for additional expansion," said San Antonio Mayor Gina Ortiz Jones. "This is a significant recognition of the talent our city offers, as well as the investments our community is willing to make to support Toyota's growth. We look forward to expanding the Toyota family in San Antonio."
For nearly 20 years, Toyota Texas has rolled out top-quality trucks and SUVs, assembling more than 197,000 vehicles last year alone. The San Antonio plant is the exclusive home of the Tundra and Sequoia, both assembled on the same production line, and will begin production at its new rear axle facility this fall.
ADDITIONAL QUOTES
U.S. Senator John Cornyn: "Today's approval of a new Toyota assembly line in San Antonio is great news for Bexar County and Texas as a whole," said Sen. Cornyn. "This $3.6-billion investment will create 2,000 new, well-paying jobs and bring expanded economic opportunities to South Central Texas, and I applaud Toyota for growing their already significant presence in the Lone Star State even further."
U.S. Senator Ted Cruz: "Texas leads the nation because we believe in free enterprise, low taxes, and fewer government barriers to job creators. Congratulations to Toyota on their $3.6 billion new investment in San Antonio. It is another powerful vote of confidence in our state's workers and pro-growth policies. This expansion will create thousands of high-paying jobs, strengthen American manufacturing, and reinforce Texas as the best place in the country to build, invest, and innovate. I look forward to seeing the opportunities Toyota continues to create for San Antonio and communities across our great state."
Lieutenant Governor, State of Texas, Dan Patrick: "Texas' proven formula of free markets, a stable regulatory environment, and fiscal responsibility is why the Lone Star State remains the best state to do business in America," said Lt. Gov. Dan Patrick. "Toyota's new $3.6 billion investment in Bexar County is yet another important data point supporting that fact. This transformational investment for a new Toyota manufacturing line will result in billions in economic activity for the local San Antonio economy and will provide over 2,000 high-paying jobs for families in San Antonio and the surrounding communities."
Texas Speaker of the House, Dustin Burrows: "The State of Texas is proud to strengthen its partnership with Toyota Motor Manufacturing Texas through the announcement of this new San Antonio facility," said Speaker Dustin Burrows. "This investment reflects the confidence that world-class employers like Toyota continue to have in Texas' pro-business climate and skilled workforce. We are grateful for the good-paying jobs and economic opportunities this facility will bring to the region, and we look forward to building on Texas' partnership with Toyota."
Texas State Representative, John Lujan: "As a lifelong resident of San Antonio, I have seen firsthand the impact Toyota has made over the past two decades. Toyota has become an essential part of our city's identity, and this new investment will continue Toyota's legacy of uplifting our Southside residents, breaking cycles of poverty, and providing lasting skills and good-paying jobs. It is truly an honor to work alongside Toyota's leadership, Governor Abbott, Bexar County, and the City of San Antonio to bring this success to our community. I congratulate Toyota on this milestone, which will continue to create opportunity and strengthen South San Antonio for generations to come."
Texas State Senator, Roland Gutierrez: "Toyota Motor Manufacturing Texas' decision to expand in San Antonio is tremendous news for our community and for the State of Texas. The creation of 2,000 new jobs and an economic impact of more than $3.6 billion reflects the strength of our workforce, our business-friendly environment, and the opportunities that continue to grow in our region. This investment adds to the vibrancy of our city and will enhance our area for generations to come. Toyota believes in San Antonio and is proud to invest in the people who make our community such a remarkable place to live and work. We look forward to strengthening our partnership and celebrating continued success together."
Southwest ISD Superintendent, Dr. Jeanette Ball: "Many of our Southwest ISD families have a real, personal connection to Toyota's investment in our community. We're proud to play a role in supporting their expansion and the opportunity it brings to our families."
President and CEO, greater:SATX Regional Economic Partnership, Sarah Carabias Rush: "This marks a transformational expansion for Toyota in San Antonio. With a second vehicle assembly line, Toyota will continue to grow quality jobs with tremendous career progression opportunities for our San Antonio region," said Sarah Carabias Rush, president and CEO of greater:SATX Regional Economic Partnership. "This win reflects the competitive strength of our skilled workforce, our leadership in automotive manufacturing innovation and the seamless collaboration among the State of Texas, Bexar County, the City of San Antonio and our utility and infrastructure partners to secure this opportunity."
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships.
Toyota directly employs approximately 48,000 people in the U.S. who have contributed to the design, engineering, and assembly of more than 36 million cars and trucks at our 11 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
To help inspire the next generation for careers in advanced manufacturing, Toyota launched its in-person tour booking platform and virtual tour experience at www.TourToyota.com allowing guests to schedule a live tour to see several of our U.S. manufacturing facilities in action or visit all plants virtually from anywhere around the globe.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Media Contact:
Melinda Louden
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[email protected]
Toyota Motor North America v červnu v USA prodala 212 793 vozů, což je meziročně o 10,1 % více. Prodeje elektrifikovaných vozů vyskočily o 35 % na 122 063 a tvořily 57,4 % celkového objemu.
RAV4 Hybrid achieved an all-time best-ever Best-ever June sales for Lexus division 33 electrified vehicle options available between both Toyota and Lexus brands TMNA June electrified vehicle sales of 122,063, up 35.0 percent , /PRNewswire/ -- Toyota Motor North America (TMNA) today reported June 2026 U.S. sales of 212,793 vehicles, up 10.1 percent on a volume basis and up 5.7 percent on a daily selling rate (DSR) basis compared to June 2025. Sales of electrified vehicles for the month totaled 122,063, up 35.0 percent on a volume basis and up 29.6 percent on a DSR basis, representing 57.4 percent of total sales volume.
Toyota Motor North America Reports June, Second Quarter 2026 U.S. Sales Results For the second quarter, TMNA reported sales of 673,971 vehicles, up 1.1 percent on a volume basis and up 1.1 percent on a DSR basis versus the second quarter of 2025. Sales of electrified vehicles for the second quarter totaled 383,091, up 19.5 percent on a volume basis and up 19.5 percent on a DSR basis, representing 56.8 percent of total sales volume.
Toyota division posted June sales of 183,627 vehicles, up 11.2 percent on a volume basis and up 6.8 percent on a DSR basis. For the quarter, Toyota division reported sales of 585,211 vehicles, up 2.6 percent on a volume basis and up 2.6 percent on a DSR basis.
Lexus division posted June sales of 29,166 vehicles, up 3.9 percent on a volume basis and down 0.3 percent on a DSR basis. For the quarter, Lexus division reported sales of 88,760 vehicles, down 7.5 percent on a volume basis and down 7.5 percent on a DSR basis.
"Our second-quarter results reflect continued momentum across the Toyota and Lexus lineups," said Andrew Gilleland, senior vice president, Automotive Operations Group, Toyota Motor North America. "Strong demand and disciplined inventory management have fueled consistent gains versus a year ago, and accelerating interest in our electrified vehicles—with month-over-month growth throughout the quarter—reinforces that our multi-pathway approach is resonating. Combined with our commitment to affordability and a broad range of vehicles starting under $35,000, we're well-positioned to expand access to electrification while delivering value across every powertrain."
Highlights (volume basis unless otherwise noted)
TMNA:
Second quarter sales up 1.1 percent Second quarter electrified vehicle sales of 383,091, up 19.5 percent June sales up 10.1 percent June electrified vehicle sales of 122,063, up 35.0 percent 33 total electrified vehicles currently available in dealerships between both the Toyota and Lexus brands Among the lowest incentives among full-line manufacturers Toyota Division:
RAV4 Hybrid achieved an all-time best-ever All-time best-ever electrification mix at 61.4% Second quarter sales up 2.6 percent Second quarter electrified vehicle sales of 345,791, up 21.1 percent June sales up 11.2 percent June electrified vehicle sales of 110,627, up 38.0 percent Lexus Division:
Achieved an all-time best-ever June Second quarter sales down 7.5 percent Second quarter electrified vehicle sales of 37,300, up 6.5 percent June sales up 3.9 percent June electrified vehicle sales of 11,436, up 11.7 percent About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for nearly 70 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our more than 1,800 dealerships.
Toyota directly employs nearly 64,000 people in North America who have contributed to the design, engineering, and assembly of more than 50 million cars and trucks at our 14 manufacturing plants. In 2025, Toyota's plant in North Carolina began to assemble automotive batteries for electrified vehicles.
For more information about Toyota, visit www.ToyotaNewsroom.com.
Joby Aviation Inc (NYSE:JOBY) is up 5.2% to trade at $9.08 before the bell, after a regulatory filing revealed the company and Toyota Motor (TM) have formed a new manufacturing venture to produce Joby's S4 Series electric vertical takeoff and landing (eVTOL) aircraft. The new Delaware entity, Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), formalizes a structure in which Toyota owns a 51% stake and appoints three of five board members, while Joby retains the remaining 49%.
The stock has had a difficult year so far, carrying a 34.6% year-to-date deficit coming into today. However, this morning's news has JOBY looking to snap a six-day losing streak, and as the quarter winds down, the equity is also on track for its first quarterly win in three.
Wall Street remains cautious. Of the 11 analysts covering the stock, six carry a "hold" rating, while two sport a "buy" or better. This leaves room for upgrades, should the Toyota partnership translate into stronger execution.
Notably, short interest represents 15.2% of JOBY's available float. At the stock's average daily trading pace, it would take more than three days for bearish bets to be covered.
Meanwhile, JOBY sports a Schaeffer's Volatility Scorecard (SVS) of 80 out of 100, indicating the shares have consistently delivered larger moves than options traders have priced in over the past year.
Toyota Motor's all-new RAV4 SUVs are displayed during its world premiere event in Tokyo, Japan May 21, 2025. REUTERS/Manami Yamada Purchase Licensing Rights, opens new tab
CompaniesTOKYO, June 29 (Reuters) - Toyota Motor (7203.T), opens new tab said on Monday that global vehicle sales slipped for a fourth consecutive month in May, as decreases in China and the Middle East weighed on overall results.
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Global sales dropped 7.2% year-on-year to 834,279 vehicles, Toyota said in a release. Overseas sales fell 9.6%, while those in Japan rose 11.1%, helped by strong demand for models such as RAV4 and bZ4X.
By region, sales in China plunged 31.7% amid tough market conditions, partly due to rising petrol prices, while those in the Middle East slumped 38.6%. In the U.S., Toyota's top market, they edged down 0.6%.
Global production declined 5.5% from a year earlier, as a 3.8% drop in the U.S. and a 13.3% decrease in Asia offset a rise in Japan.
Toyota's figures include its luxury brand, Lexus.
Reporting by Daniel Leussink; Editing by Rashmi Aich
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