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Toyota Motor Corp (TM.N)

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Latest Key Developments (Source: Significant Developments)

Four automakers to resolve economic loss claims in Takata multidistrict litigation in U.S.
Thursday, 18 May 2017 12:21pm EDT 

May 18 (Reuters) - Mazda North American Operations::Says BMW, Mazda, Subaru, Toyota announce agreements to resolve economic loss claims in Takata multidistrict litigation in U.S..Says programs offered in these agreements are intended to increase recall remedy completion rates for Takata airbag inflators.The automakers have jointly agreed to provide a total of approximately $553 million to fund consumer outreach, reimbursements.BMW, Mazda, Subaru and Toyota announce settlement of Takata economic loss claims to improve recall remedy completion rates.Says agreements "do not contain or constitute any admission of liability or fault by four automakers".Says agreements cover the 4 automakers' vehicles recalled/subject to recall for Takata PSAN inflators as described in NHTSA's 2015 consent orders.Costs related to class member notification, claims administration, attorneys' fees, class representative awards are also covered under settlements.  Full Article

Nvidia, Toyota collaborate to accelerate market introduction of autonomous cars
Wednesday, 10 May 2017 02:03pm EDT 

May 10 (Reuters) - Nvidia Corp ::Nvidia and Toyota collaborate to accelerate market introduction of autonomous cars.Nvidia Corp says collaborating with Toyota to deliver artificial intelligence hardware, software technologies for autonomous driving systems.  Full Article

Toyota's April vehicle sales in China +7.2 percent y/y
Tuesday, 9 May 2017 02:08am EDT 

BEIJING May 9 (Reuters) - Toyota Motor Corp <7203.T> says::April vehicle sales in China rose 7.2 percent from a year earlier to about 108,300 vehicles .January-April vehicle sales in China totaled about 404,400 vehicles, an increase of 3.1 percent from the same period a year ago.  Full Article

Toyota Motor North America reports 4.4 pct decrease in April sales
Tuesday, 2 May 2017 09:23am EDT 

May 2 (Reuters) - Toyota Motor Corp <7203.T>: :Toyota Motor North America reports april 2017 sales.Toyota Motor North America says U.S. April 2017 sales of 201,926 units, a decrease of 4.4 percent from April 2016 on a volume basis.  Full Article

Toyota Motor North America recalls about 228,000 vehicles
Thursday, 27 Apr 2017 12:46pm EDT 

April 27 (Reuters) - Toyota Motor North America Inc::Toyota recalls certain Tacoma vehicles.Toyota motor north america says approximately 228,000 vehicles are involved in recall.The involved vehicles have rear differentials that may leak oil.In some cases in recalled units, rear differential could seize, resulting in loss of control of vehicle and increasing risk of a crash.  Full Article

Toyota Motor North America says March U.S. sales down 2.1 pct on a volume basis
Monday, 3 Apr 2017 10:17am EDT 

Toyota Motor North America Inc: Toyota Motor North America Inc reported its u.s. March 2017 sales of 215,224 units, a decrease of 2.1 percent from march 2016 on a volume basis . "In March, luxury utility vehicles continued to move off dealer lots" .With the same number of selling days in March 2017 compared to March 2016, sales were down 2.1 percent on a DSR basis.  Full Article

Microsoft announces patent license agreement with Toyota
Wednesday, 22 Mar 2017 05:00pm EDT 

Microsoft Corp : Microsoft announces patent license agreement with Toyota, enhancing connected car experience for consumers .Microsoft - announced a new patent licensing agreement with Toyota Corp. that includes broad coverage for connected car technologies.  Full Article

Toyota, NTT partnering on autonomous cars - Nikkei
Wednesday, 22 Mar 2017 04:44pm EDT 

Nikkei:Toyota Motor to collaborate with Nippon Telegraph & Telephone to jointly develop technology for connected cars utilizing 5G signals-Nikkei.  Full Article

Toyota Motor Europe to invest 240 mln STG in its UK car plant
Thursday, 16 Mar 2017 05:29am EDT 

: Toyota Motor Europe - announces that it will invest a further 240 million STG in its Toyota manufacturing UK car plant in Burnaston, Derbyshire . Toyota Motor Europe - investment in Burnaston, Derbyshire to improve plant competitiveness,additionally it will promote UK supply chain efficiencies Source: http://bit.ly/2mvCjPx Further company coverage: [7203.T] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Toyota Motor to launch feasibility study on building factory in Saudi Arabia - Nikkei
Friday, 10 Mar 2017 12:01pm EST 

Nikkei : Toyota Motor Corp plans to launch a feasibility study as early as this year on building a factory in Saudi Arabia -Nikkei .Toyota will consider importing most of the parts needed in saudi arabia factory from Turkey and Egypt, as well as from Japan - NIKKEI.  Full Article

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UPDATE 1-Daicel, Toyota affiliate plan capital tie-up to expand air bag businesses

TOKYO, May 19 Japanese chemicals maker Daicel Corp and auto parts maker Toyoda Gosei Co said on Friday they will invest 1 billion yen ($8.98 million) in each other's equity, deepening ties as both companies expand their global air bag businesses.