Key Developments: Toyota Motor Corp (7203.T)
Latest Key Developments (Source: Significant Developments)
Toyota Motor, AISIN SEIKI, Denso and Sumitomo Electric Industries to accelerate consolidation of brake system engineering, manufacturing, and sales under Advics Co., Ltd.
Toyota Motor Corp:Advics Co., Ltd., AISIN SEIKI Co., Ltd., Denso Corp, Sumitomo Electric Industries Ltd., and Toyota Motor (TMC) will accelerate the consolidation of brake system engineering, manufacturing, and sales under the control of Advics to further strengthen competitiveness of Toyota’s brake system business.AISIN SEIKI, Denso, and TMC will start providing development support to Advics through the dispatch of personnel and other measures from Jan. 2015.Manufacturing of electronically-controlled brake systems will be gradually transferred from AISIN SEIKI's Handa Plant and Denso’s Daian Plant to a new plant to be built by Advics in Handa, Japan from Jan. 2016. Full Article
Toyota Motor to consolidate development and Japanese production of manual transmissions under subsidiary of AISIN SEIKI
Toyota Motor Corp:Says AISIN SEIKI Co., Ltd., its subsidiary Aisin AI Co., Ltd., and Toyota Motor Corporation (TMC) will consolidate development and Japanese production of manual transmissions under Aisin AI.Production of manual transmissions currently carried out at TMC’s Kinuura Plant will be transferred to Aisin AI around 2016. Full Article
Toyota Industries Corporation and Toyota Motor Corporation to consolidate joint diesel engine development and production under the control of TICO
Toyota Motor Corp:Toyota Industries Corporation (TICO) and Toyota Motor Corporation (TMC) will consolidate their joint diesel engine development and production under the control of TICO.The separate diesel engine development functions will be gradually consolidated under the control of TICO, which will also be responsible for the production of all new diesel engines in the future. Full Article
Toyota Motor Corp:To acquire vehicle development business from subsidiary Toyota Technical Development Corporation on Jan. 1, 2016. Full Article
Toyota Motor Corp:To issue a mid-year dividend of 75 yen per share to all the shareholders of record as of Sep. 30, for the fiscal year ending March 2015.Payment date Nov. 27.Says the latest forecast was an undetermined value. Full Article
Toyota Motor Corp:Said it would recall a total 1.67 million vehicles globally to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance-Business Standard.Toyota said it was not aware of any crashes, injuries or deaths resulting from the defects. Full Article
Toyota Motor Corp and TomTom:Says that TomTom has agreed to extend its supply of traffic information to Toyota Motor Europe beyond 2016 to 2018.Says Toyota drivers will have access to TomTom Traffic and Places across the entire range.Says TomTom will work in partnership with Harman to integrate TomTom Traffic into Touch2 with GO, and Touch2 with GO+. Full Article
Toyota Motor Corp:To distribute 30,000,000 shares of its treasury common stock at 1 yen per share through private placement to Japan Trustee Services Bank Ltd.To raise 30 million yen in total through private placement.Says placement date is Sep. 18.Proceeds to be used in establishment of a financial group. Full Article
Toyota Motor Corp:Is recalling about 650,000 vehicles in Japan because of potentially defective airbags, the carmaker said-Business Standard. Full Article
Toyota Motor Corp:Expects FY 2015 net revenues of 25.700 trillions yen.Expects FY 2015 operating income of 2.300 trillions yen.Expects FY 2015 pre-tax income of JPY2.390 trillions yen.Expects FY 2015 net income of 1.780 trillions yen.FY 2015 revenue of 26.513 trillions yen, operating profit of 2.631 trillions yen, pre-tax profit of 2.760 trillions yen and net income of 2.033 trillions yen - Thomson Reuters I/B/E/S. Full Article
TOKYO - Toyota Motor Corp projected a drop in vehicle sales for the year ahead, its first such bearish forecast in at least 15 years, as flagging demand in Japan, Indonesia and other key markets raises the chance that Volkswagen will steal the industry crown.