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Toyota Motor Announces Plans for Electric Vehicles

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Price movement

Toyota Motor (TM) has a market cap of $189.2 billion. It rose 1.7% to close at $112.48 per share on November 7, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.8%, -2.9%, and -8.6%, respectively, on the same day. TM is trading 2.1% below its 20-day moving average, 3.8% below its 50-day moving average, and 2.7% 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 flow, dividends, and buybacks. The YTD price movement of FNDF was 4.5% on November 7. The market caps of Toyota Motor’s competitors are as follows:

  • General Motors (GM) — $49.4 billion
  • Ford Motor (F) — $46.2 billion

Latest news on Toyota Motor

Reuters reported that Toyota “is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world’s top-selling automaker.” The release added that “by adding longer-range EVs to its product range, Toyota would be changing its tune from promoting plug-in petrol-electric hybrid cars and hydrogen fuel-cell vehicles (FCVs) as the most promising alternative to conventional cars.”

In another report, Reuters stated that the company “is gearing up for Brazil’s battered auto market to return to growth in 2017, after a four-year crisis halved overall vehicle sales, the automaker’s top executive in Latin America said.”

Sales of Toyota Motor in October 2016

Toyota Motor reported total Toyota sales of 186,295 units, a fall of 8.7% from October 2015. It reported total Toyota division sales of 161,492 units, a fall of 9.1% from October 2015. It reported total Lexus sales of 24,803 units, a fall of 6.2% from October 2015. Its sales, according to type, were as follows:

  • 84,397 units of Toyota cars, a fall of 17.4% from October 2015
  • 101,898 units of Toyota trucks, a fall of 0.01% from October 2015

Next, we’ll look at General Mills (GIS).

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