Key Developments: Toyota Motor Corp (7203.T)
6,620JPY
10:12pm EDT
¥150 (+2.32%)
¥5,760
¥6,590
¥6,620
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7,104,800
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¥6,620
¥2,795
Latest Key Developments (Source: Significant Developments)
Toyota Motor Corp to Pay Year-end Dividend for FY 2013
Toyota Motor Corp announced that it will pay a year-end dividend of JPY 60.00 per share (JPY 190,045 million in total), compared with the latest dividend forecast of an undetermined value, to all the shareholders as a record of March 31, 2013, effective June 17, 2013. Full Article
Toyota Motor Corp to Improve Production Capacity in Kentucky State-Reuters
Reuters reported that Toyota Motor Corp announced that it will start the production of new kinds of cars in its factory located in Kentucky State, the United States. The Company expects an additional annual production capacity of 50,000 from 2015. Full Article
S&P Affirms Toyota Motor Corp's Rating at "AA-"; Changes Rating Outlook to Stable-Reuters
Reuters reported that Standard & Poor's (S&P) announced that it has affirmed the rating on Toyota Motor Corp at “AA-” and changed the rating outlook from negative to stable. Full Article
Toyota Motor Corp, Three Other Japan Carmakers To Recall 3.4 Million Vehicles Over Airbag-Reuters
Reuters reported that four Japanese automakers including Toyota Motor Corp, Nissan Motor Co Ltd and Honda Motor Co Ltd are recalling a total of about 3.4 million vehicles worldwide as a result of an airbag problem. Japanese auto parts maker Takata Corp supplied the airbags related to the recalls. Toyota is recalling about 1.73 million vehicles globally, including 580,000 vehicles in North America and 490,000 vehicles in Europe because some airbags at the front seat next to the driver may not inflate when necessary. No injuries or deaths have been reported. Full Article
Toyota Motor Corp Announces Changes of Chairman
Toyota Motor Corp announced that it has appointed Takeshi Uchiyamada to replace Fujio Cho as Chairman of the Board, subjected to the shareholders approval during the shareholders meeting. Full Article
Toyota Motor Corp Finalizes Multi-State Settlement Over Safety Crisis-Reuters
Reuters reported that Toyota Motor Corp will pay $29 million as part of a multi-state settlement agreement finalized on February 14, 2013 over the Japanese automaker's failure to quickly notify drivers of defects that wound up triggering the biggest safety crisis in history. The payment, to be doled out to attorney generals of 29 states and one U.S. territory, is part of the $1.1 billion Toyota agreed to pay in December to compensate consumers who lost value on their cars due to sudden, unintended acceleration. As part of February 14, 2013 deal, Toyota will also maintain its rapid-response centers and quality field offices in the United States to recoup Toyota drivers affected by its recalls for the cost of rental cars and public transportation. The move is another step by Toyota to move past its safety crisis, which began in 2009 and forced the Company to recall about 16 million Toyota, Lexus and Scion vehicles sold in the United States. Full Article
Toyota Motor Corp Raises Consolidated Full-year Outlook for FY 2013
Toyota Motor Corp announced that it has raised the consolidated full-year outlook for revenue from JPY 21,300 billion to JPY 21,800 billion, operating profit from JPY 1,050 billion to JPY 1,150 billion, ordinary profit from JPY 1,180 billion to JPY 1,290 billion, net profit from JPY 780 billion to JPY 860 billion for the fiscal year ending March 31, 2013. The positive outlook is mainly due to the upward revision of sales plan and the impact of foreign exchange rate fluctuation. Full Article
Toyota Motor Corp To Recall 752,000 Corollas In U.S. For Airbag Problems; 385,000 Lexus IS And Series, Over Wiper Problems-Reuters
Reuters reported that Toyota Motor Corp will recall 1.1 million cars globally for defects, including 752,000 Corolla and Corolla Matrix vehicles in the United States to fix airbags that could be deployed inadvertently, the automaker said. The airbag problems have caused minor injuries such as abrasions in 18 cases that have been reported, Toyota spokesman Naoto Fuse said. Two accidents have been reported by customers outside Japan, although Toyota has not been able to confirm them, he said. Toyota will add an electrical signal filter to the airbag control module to the recalled vehicles. The spokesman declined to disclose the costs involved. Separately, Toyota will also recall 385,000 Lexus IS and its series, including 270,000 Lexus IS vehicles in the United States over wiper problems, Fuse said. The wiper arm nut of the front wiper in these vehicles may not be tight enough and the wiper may not work under certain weather occasions, including in snow Full Article
R&I Affirms Toyota Motor Corp's Rating at "AA+"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Toyota Motor Corp at "AA+". The rating outlook is stable. Full Article
Toyota, Bayerische Motoren Werke AG Expand Technology-Sharing Partnership For Fuel Cell, Other Vehicles-DJ
Dow Jones reported that Toyota Motor Corp and Bayerische Motoren Werke AG (BMW AG) will expand a technology sharing pact for hydrogen-fueled and other vehicles, the latest sign of a growing partnership between the two companies. Toyota will provide BMW with technical know-how for fuel cell vehicles that the Japanese auto maker expects to debut in 2015. They will also work together on a next-generation fuel cell system expected to be completed by 2020. That hydrogen-powered technology is key for the low emission fuel cell vehicles both companies plan to launch. The two companies signed a landmark deal in December 2011 to cooperate on various green car technologies and in which BMW agreed to supply diesel engines to Toyota. Full Article
Toyota plans to increase lithium-ion car battery output-Nikkei
TOKYO, May 19 - Toyota Motor Corp is planning to increase production of lithium-ion batteries by six times, as the automaker prepares to eventually use them in its flagship Prius gasoline-electric hybrid cars, the Nikkei business daily reported on Sunday.
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