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Why Toyota Motor Recalled Its Vehicles in Russia

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Oct. 6 2016, Updated 6:04 p.m. ET

Price movement

Toyota Motor (TM) has a market cap of $197.3 billion. It rose 1.5% to close at $117.07 per share on October 5, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.48%, -3.0%, and -4.9%, respectively, on the same day.

TM is trading 0.58% below its 20-day moving average, 0.16% below its 50-day moving average, and 6.5% above its 200-day moving average.

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Related ETF and peers

The Schwab Fundamental International Large Company ETF (FNDF) invests 0.07% of its holdings in Toyota Motor. The ETF tracks an index of large companies from developed markets excluding the United States. Its selection and weighting are based on fundamental factors including sales, cash flows, dividends, and buybacks. The YTD price movement of FNDF was 6.3% on October 5.

The market caps of Toyota Motor’s competitors are as follows:

  • General Motors (GM) — $50.6 billion
  • Ford Motor Company (F) — $49.2 billion

Latest news on Toyota Motor

In a press release, Reuters reported, “Russian standards agency Rosstandart said on Wednesday it had been informed about a voluntary recall by Toyota Motor Corp of 219,811 Toyota Auris, Toyota Prius, Toyota Corolla and Lexus CT 200h cars.”

The release added, “The recall covers the cars sold between Feb. 15, 2007 and Sept. 19, 2015, the agency said. These cars are equipped with a vapor recovery system using a carbon absorber in the fuel tank.”

In another release, Toyota stated, “Toyota. . . .and contact lens manufacturer Menicon Co., Ltd. (Menicon) have jointly developed a new liquid livestock manure composting product that will join the resQ45 series of TMC-Menicon jointly developed manure composting systems, which debuted in 2006.”

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Toyota’s release continued, “The product, called the New-Tokubetsu-Kyuko Liquid (new special express liquid enzyme), will be sold by a TMC subsidiary, Toyota Roof Garden Co., Ltd., starting today. It will be distributed through Toyota Tsusho Corporation’s (Toyota Tsusho) livestock feed sales channels.”

Toyota’s sales in September 2016

In September 2016, Toyota Motor reported total sales of 197,000 units, a rise of 1.5% compared to September 2015. It reported total Toyota division sales of 171,000 units, a rise of 1.4%, and total Lexus sales of 26,000 units, a rise of 2.0%, over September 2015.

By type, Toyota reported total car sales of 92,000 units, a fall of 9.2% compared to September 2015. It reported total truck sales of 105,000 units, a rise of 13.3% over September 2015.

Next, we’ll discuss Sonoco Products (SON).

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