Últimas noticias sobre Toyota Motor (NYSE:TM) Bolsa

Toyota Motor

Founded in 1937, Toyota is one of the world's largest automakers, with 11.1 million units sold at retail in fiscal 2024, including 10.3 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 52% excluding mini-vehicles, while US share is around 15%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2024 sales excluding financial services were JPY 41.6 trillion. Toyota also has a financing arm and manufactures homes and boats.

Equities

Large Cap

News

Media

APIE

AVIV

Toyota instalará una máquina de fundición en Japón para reducir costes en vehículos eléctricos, siguiendo la estrategia de Tesla.

Toyota implementará fundición a gran escala en Japón para reducir  costes de vehículos eléctricos

Toyota Motor Corp

TAMA HOME CO LTD by TAMA HOME CO LTD.

TOUCHMARK BANCSHARES INC by Touchmark Bancshares, Inc.

Touchmark Bancshares Inc

Temas Resources Corp Ordinary Shares

TEMAS RESOURCES CORP by Temas Resources Corp.

Temas Resources Corp

Main Thematic Innovation ETF

TECHNOLOGY MTLS AUSTRALIA by TECHNOLOGY METALS AUSTRALIA LTD

TMBTHANACHAR PCL UNSP/ADR by TMBThanachart Bank Public Company Limited

TMBThanachart Bank PCL

TOMBADOR IRON LTD by TOMBADOR IRON LTD.

TAMBOURAH METALS LTD by TAMBOURAH METALS LTD

Tambourah Metals Ltd

Timber Pharmaceuticals Inc COM NEW

Timber Pharmaceuticals Inc Ordinary Shares

TOMBSTONE EXPLOR CORP by Tombstone Exploration Corp.

Tombstone Exploration Corp

TMC the metals company Inc. - Common Stock

TMC The Metals Co Inc

TOMCO ENERGY PLC NEW ORD by TomCo Energy Plc

TomCo Energy PLC

Treace Medical Concepts, Inc. - Common Stock

Treace Medical Concepts Inc

TEMECULA VALLEY BNCRP INC by Temecula Valley Bancorp, Inc.

Temecula Valley Bancorp Inc

TITAN MEDICAL INC ORD by Titan Medical Inc.

Titan Medical Inc

ProShares Russell US Dividend Growers ETF

TransMedics Group Inc

Tencent Music Entertainment Group American Depositary Shares, each representing two Class A Ordinary Shares

Tencent Music Entertainment Group

Terme Bancorp Inc

TIMEE INC by TIMEE INC.

TipMeFast Inc

ThermoEnergy Corp

iShares Transition-Enabling Metals ETF

Direxion Daily 20-Yr Treasury Bull 3x Shrs

Motley Fool 100 Index ETF ETF

The RBB Fund, Inc. Motley Fool Capital Efficiency 100 Index ETF

Motley Fool Global Opportunities ETF

Motley Fool Mid-Cap Growth ETF

Motley Fool Small-Cap Growth ETF

The RBB Fund, Inc. Motley Fool Next Index ETF

THERMAL ENGY INTL LTD by Thermal Energy International Inc.

Thermal Energy International Inc

THE MARQUIE GROUP INC by The Marquie Group, Inc.

The Marquie Group Inc

Trigg Minerals Ltd

Thoughtful Media Group Inc

TERMINUS ENERGY INC by Terminus Energy, Inc.

Terminus Energy Inc

Taylor Morrison Home Corporation Common Stock

Taylor Morrison Home Corp

TSIM SHA PPTYS UNSP/ADR by Tsim Sha Properties Ltd.

Tsim Sha Tsui Properties Ltd

TAYLOR MARITIME INVESTMENTS ORD

Trend Micro Inc

TREND MICRO INC S/ADR by Trend Micro Inc.

TAYLOR MARITIME INVTS LTD by TAYLOR MARITIME INVTS LTD

TRENDMAKER INC LTD by Trendmaker Inc Limited

TIME INTERCONNECT TECH by TIME INTERCONNECT TECHNOLOGY LTD

TOKYO SEIMITSU LTD by Tokyo Seimitsu Co., Ltd.

Tokyo Seimitsu Co Ltd

Tarsin Mobile Inc

TMK Energy Ltd

Tomoku Co Ltd

Tele Group Corp

TIMELESS RES HLDGS NEW by TIMELESS RES HLDGS LTD.

Timeless Resources Holdings Ltd

TIMELESS RES HLDGS LTD by TIMELESS RES HLDGS LTD.

TAMERLANE VENTURES INC by Tamerlane Ventures Inc.

Tamerlane Ventures Inc

TMM Inc

Tingo Inc

Temenos AG

Thermo Fisher Scientific Inc Common Stock

Thermo Fisher Scientific Inc

TomTom NV

Trimol Group Inc

Tompkins Financial Corporation Common Stock

Tompkins Financial Corp

TEMPUS HLDGS LTD by TEMPUS HLDGS LTD.

Tempo Automation Holdings Inc

TEMPO AUTOMATION HLDGS by Tempo Automation Holdings, Inc.

Tempo Automation Holdings Inc Warrants (22/11/2027)

TIMES PROPERTY HLDGS ORD by Times Property Holdings Ltd.

Times China Holdings Ltd

Trilogy Metals Inc

TOMRA SYSTEMS A/S/A NEW by Tomra Systems A/S/A

Tomra Systems ASA

TOMRA SYSTEMS A/S/A S/ADR by Tomra Systems A/S/A

TEXAS MINERAL RESOURCES by Texas Mineral Resources Corp.

Texas Mineral Resources Corp

SOMERSET MINERALS LTD by SOMERSET MINERALS LTD.

Somerset Minerals Ltd

Tamron Co Ltd

Temir Corp

TRANSGLOBAL ASSETS INC by TransGlobal Assets, Inc.

TransGlobal Assets Inc

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Small-Mid Cap ETF

TMT INVESTMENTS ORD

TMT Acquisition Corp

TMT Acquisition Corp - Rights

The Midas Touch Gold

Techmatrix Corp

TOROMONT INDUS LTD CDA by Toromont Industries Ltd.

Toromont Industries Ltd

T-Mobile US Inc

Direxion Daily 20-Year Treasury Bear 3X

TeamViewer SE

TERRAIN MINERALS LTD by TERRAIN MINERALS LTD.

Terrain Minerals Ltd

TELEFONOS DE MEX SA L by Telefonos de Mexico, S.A.B. de C.V.

Telefonos de Mexico SAB de CV

Trimax Corp

TMX Group Ltd

THOMSON RESOURCES LTD by Thomson Resources Ltd.

Thomson Resources Ltd

WIIM

MUFG

SMFG

Sony Group Corporation American Depositary Shares

SONY

Shares of US-listed Japanese stocks are trading lower after the Liberal Democratic Party of Japan elected Shigeru Ishiba as its leader, who will take office as Prime Minister.

Toyota shares are trading lower after the company reported a decline in sales and production.

The National Highway Traffic Safety Administration (NHTSA) has issued recalls for vehicles from Mercedes-Benz USA LLC (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>), (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGYY#OTC">MBGYY</a>), Toyota Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), and Mazda (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAF#OTC">MZDAF</a>) due to software-related issues, according to the safety recall reports.
On Friday, according to an NHTSA recall report, Mercedes-Benz USA is recalling 27,190 vehicles, including the 2021-2023 Mercedes-Benz Maybach S580 and S580 models. The recall is due to a defect in the Engine Control Unit software, which may lead to increased exhaust temperatures and potential damage to surrounding components, increasing the risk of fire.
See Also: <a href="https://www.benzinga.com/news/24/09/41019716/trump-pledges-100-tariffs-on-all-cars-made-in-mexico-the-only-way-theyll-get-rid-of-that-tariff-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Pledges 100% Tariffs On All Cars Made In Mexico: &#8216;The Only Way They&#8217;ll Get Rid Of That Tariff Is…&#8217;</a>
Another recall report indicated that Toyota Motors is recalling 42,199 units of the 2023-2024 Toyota Corolla Cross Hybrid. The defect involves the brake actuator&#8217;s skid control ECU software, which may cause a hard brake pedal and reduced braking force during cornering, potentially increasing the risk of a crash.
Additionally, Mazda is also recalling 77,670 units of the 2016-2023 Mazda MX-5 Miata. The issue stems from the SAS control module software, which may cause a higher force airbag deployment during minor crashes, increasing the risk of injury if seat belts are not used.
The recalls are set to begin with dealer notifications in September 2024 and owner notifications by November 2024. Affected owners are advised to contact their respective dealers for a free software update to rectify the issues.
Mercedes, Mazda and TM have yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> queries.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40981404/us-proposes-ban-on-vehicles-equipped-with-chinese-software-as-team-biden-cracks-down-on-foreign-adve?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">US Proposes Ban On Vehicles Equipped With Chinese Software As Team Biden Cracks Down On &#8216;Foreign Adversaries&#8217; Threatening &#8216;Privacy And Safety Of Americans On The Road&#8217;</a></li>
</ul>
Photo by pisaphotography on Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Tech

General

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

MERCEDES-BENZ UNSP / ADR by Mercedes Benz Group AG

MBGYY

MZDAF

Mercedes-Benz, Toyota, Mazda Issue Massive Recalls Over Software Defects: NHTSA Warns Of Fire, Brake And Airbag Risks

Japanese automaker Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) said on Thursday that it sold 826,863 Toyota and Lexus brand vehicles worldwide in August, marking a drop of 3.1% from August 2023.
What Happened: The dip in global sales was spurred by a sales decline in Japan and China. 
The company&#8217;s sales in Japan dipped by 9% year on year to 109,505 units after the company suspended production of three models including the Yaris Cross. In China, sales dipped 13.5% owing to &#8220;severe market conditions&#8221; such as the intensifying price competition, the company said. 
In the U.S., however, sales increased by 1.9% from last year to 198,401 units due to the strong sales of the new Camry. That said, production within the U.S. fell by 14.5% due to the product suspension caused by the <a href="https://www.benzinga.com/markets/equities/24/06/39530068/toyota-issues-recall-of-over-145-000-vehicles-amid-production-decline-in-may-whats-going-on">recall of the Lexus TX and Toyota Grand Highlander</a> in June, the company said.
Production worldwide fell 11.2% to 709,571 units. 
Toyota&#8217;s EV Sales: Toyota sold 371,727 electrified Toyota and Lexus vehicles globally in August, marking a jump of about 23% from Aug. 2023. <a href="https://www.benzinga.com/markets/asia/24/09/40745366/toyota-scales-back-2026-ev-production-plans-by-30-trims-target-to-1m-cars-as-global-demand-weakens-r">Electrified vehicles</a> refer to hybrids, plug-in hybrids, battery electric vehicles, mild hybrids, and fuel-cell electric vehicles.
Pure electric vehicles or BEVs accounted for just 3.4% of Toyota&#8217;s overall electrified vehicle sales last month. 
Toyota has been the world&#8217;s top-selling automaker for several years now. Last year, the company sold 11.2 million vehicles to retain the position, beating German automaker Volkswagen which sold just 9.2 million cars. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41060572/ev-sales-expected-to-gain-momentum-in-us-in-q3-even-as-market-leader-tesla-is-projected-to-decline-r" target="_blank" rel="noreferrer noopener">EV Sales Expected To Gain Momentum In US In Q3 Even As Market Leader Tesla Is Projected To Decline: Report</a></li>
</ul>
Photo courtesy: Toyota

Toyota's Global Output Tumbles 11% After Suspension Of Production Of 2 SUVs In North America

Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) shares are trading lower on Tuesday. The company disclosed that it has increased its share buyback plan to up to 1.2 trillion yen ($8.31 billion) from 1 trillion yen.
The company aims to repurchase up to 530 million shares, or 3.93% of its outstanding shares, excluding treasury shares.
The duration of the share buyback remains the same, from May 9, 2024, to April 30, 2025. The automaker&#8217;s move <a href="https://global.toyota/pages/global_toyota/ir/stock/share/commonstock_20240924_en.pdf" target="_blank" rel="noreferrer noopener">reflects </a>the current stock price level and other factors.
Notably, the company resolved to increase the maximum limit for share repurchases. If shares are repurchased through the Tokyo Stock Exchange&#8217;s off-auction system, the remaining limit from the May 8 decision will be 115.5 billion yen (90 million shares).
With this increase, Toyota can now repurchase up to 315.5 billion yen (210 million shares).
In July, the company disclosed plans to repurchase ¥806.8 billion ($5.2 billion) of its shares<a target="_blank" href="https://www.benzinga.com/markets/asia/24/07/39900435/toyota-announces-5-2b-share-buyback-from-japanese-banks-and-insurers" rel="noreferrer noopener"> from key Japanese banks and insurers</a>.
The move is part of a broader strategy to untangle its shareholdings with financial partners.
This month, Toyota Motor reportedly trimmed its 2026 EV production target by 30% to 1 million cars <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40752119/whats-going-on-with-toyota-motor-stock-today" rel="noreferrer noopener">due to a slowdown in global demand</a>.
Investors can gain exposure to the stock via&nbsp;Trust for Professional Managers ActivePassive International Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APIE#NYSE">APIE</a>) and&nbsp;Avantis International Large Cap Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>).
Price Action: TM shares are down 0.63% at $184.24 at the last check Tuesday.
Photo by RYO Alexandre on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40995280/tesla-bull-dampens-enthusiasm-regarding-1010-robotaxi-event-but-heres-what-would-ta" target="_blank" rel="noreferrer noopener">Tesla Bull Dampens Enthusiasm Regarding 10/10 Robotaxi Event But Here&#8217;s What Would Take To Strengthen Fledgling Stock Recovery</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Buybacks

Toyota Boosts Share Buyback Program: Details Here

As Tesla Stock Sneaks Into Positive Territory For Year Fund Manager Says Not 10/10 Robotaxi Event But This Would Strengthen Fledgling Recovery (alt HL)
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/09/40992274/what-happened-with-tesla-stock-today">shares climbed nearly 5% Monday</a> and settled at a psychological resistance of $250, with optimism concerning third-quarter deliveries outperformance fueling much of the upside. Amid the stock surge, a fund manager weighed in on the potential impact of the upcoming Oct. 10 Robotaxi launch event on the stock.
10/10 Stock Mover? Future Fund LLC Managing Partner Gary Black is not convinced that Oct. 10 would be a catalyst for the stock, although he didn&#8217;t rule the possibility out. He said his apprehension stemmed from the fact that Tesla&#8217;s full self-driving technology is not yet close to the 99.99% efficacy needed for unsupervised autonomy.
Most analysts have discounted supervised FSD in their models, assuming a 15-20% take rate for the existing fleet and current deliveries. Also, analysts have assumed that supervised FSD with 97% efficacy will sell more Teslas, he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> bulls keep talking about the robotaxi event on 10/10 as a catalyst for TSLA stock. It may be. TSLA FSD is not yet close to the 99.99% efficacy needed for unsupervised autonomy. Supervised FSD is already in most analysts' models at a 15-20% take rate x the existing… <a href="https://t.co/PFVs6IWZtz">pic.twitter.com/PFVs6IWZtz</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1838261891912572954?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla (TSLA) Stock</a>
Upbeat On Low-End Model: Black reiterated his optimism regarding the $25,000-$30,000 compact car from Tesla&#8217;s stable. The optimism is premised on what happened in 2019-2020 to the fundamentals and the stock after the Model Y launch, he said.
The Model Y was launched in 2019 amid shorts&#8217; high skepticism but the vehicle &#8220;ushered in a whole new TAM by vaulting TSLA into the fast-growing CUV category,&#8221; he added.
The fund manager said that the launch of a sub-$30K car on Oct. 10 is not very certain, but if it does, that&#8217;s more of a reason to buy the stock. He said that an affordable electric vehicle will allow Tesla to leverage its brand, higher range, superior tech, and better performance in the large compact category, where Toyota Motor Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) Corolla is the leader.
&#8220;Similar to 2019-2020, $TSLAQ shorts don't understand the incremental TAM math where most TSLA Compact volume will be incremental, and not cannibalized from Model 3, which competes in an entirely different category (affordable sedans),&#8221; Black said.
Although <a href="https://www.benzinga.com/quote/TSLA/short-interest">Tesla&#8217;s short interest is far lower </a>currently compared to 2019-2020, the likely change in the current trajectory of earnings estimates from very negative to positive will change the Tesla investment narrative, the Tesla bull said. He sees Tesla&#8217;s volumes rising again, driving earnings estimates higher, which in turn will propel the stock price higher.
Tesla ended Monday&#8217;s session up 4.93% to $250, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> With the recent rally, the stock has turned to black for the year and is up 0.61%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40932786/tesla-bull-explains-why-elon-musks-xai-is-critical-to-ev-makers-autonomous-ambition">Tesla Bull Explains Why Elon Musk&#8217;s xAI Is Critical To EV Maker&#8217;s Autonomous Ambitions</a></li>
</ul>
Image via Shutterstock

Analyst Color

Long Ideas

Markets

Trading Ideas

TSLA

Tesla Bull Dampens Enthusiasm Regarding 10/10 Robotaxi Event But Here's What Would Take To Strengthen Fledgling Stock Recovery

Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), and General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) are lagging behind Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and several Chinese competitors regarding critical software needed to power electric vehicles (EVs), the Financial Times <a target="_blank" href="https://www.ft.com/content/7e5677b8-87fa-41fa-8648-9009ac7f14fc" rel="noreferrer noopener">reports</a>.
Only three legacy automakers—Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors, and Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>)—made the top 10 in their &#8220;digital automaker index,&#8221; the Financial Times cites a Gartner report. Tesla, Chinese companies like Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Xpeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and startups such as Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) dominated the list.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39880027/should-elon-musk-be-worried-toyota-hyundai-and-ford-challenge-tesla-on-home-turf-with-more-evs-on-us" rel="noreferrer noopener">Should Elon Musk Be Worried? Toyota, Hyundai, And Ford Challenge Tesla On Home Turf With More EVs On US Roads As Billionaire&#8217;s Auto Giant Faces Sales Slump</a>
The automotive industry transition to software development proved challenging for major players like Toyota and Volkswagen, who need help to keep pace with changes focused on software controlling EV batteries, safety systems, and self-driving technology.
However, Chinese EV stocks are also facing <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks" rel="noreferrer noopener">a challenging year</a>, as the domestic economic slowdown led to a price war. The stocks are down 31%- 42% in the last 12 months.
The U.S. sanctions on advanced artificial intelligence chips further affected the industry. Tesla is up 0.80% in the last 12 months.
Meanwhile, another U.S. embargo on the auto industry posed <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks" rel="noreferrer noopener">an additional problem</a>. The U.S. Commerce Department is considering restricting importing and selling Chinese-made vehicles that contain critical communications and automated driving systems, citing national security concerns.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40745366/toyota-scales-back-2026-ev-production-plans-by-30-trims-target-to-1m-cars-as-global-demand-weakens-r" target="_blank" rel="noreferrer noopener">Toyota Scales Back 2026 EV Production Plans By 30%, Trims Target To 1M Cars As Global Demand Weakens: Report</a></li>
</ul>
Disclaimer: This content was partially produced using AI tools and reviewed and published by Benzinga editors.
Image via Shutterstock

BMWYY

LCID

RIVN

VWAGY

XPEV

Tesla And Chinese EV Startups Outpace Toyota, Volkswagen In Critical Software Race: Report

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could be on track for another major milestone, potentially securing the title of the top-selling vehicle in the U.S. for 2024, building on its <a href="https://www.benzinga.com/news/earnings/24/01/36768363/tesla-q4-earnings-highlights-revenue-miss-eps-miss-model-y-a-global-bestseller-next-gen-vehicle-upd">global dominance in 2023.</a>
What Happened: The Tesla Model Y has accomplished many milestones for Tesla and the <a href="https://www.benzinga.com/electric-vehicles">electric vehicle sector.</a>
The Model Y is the bestselling electric vehicle <a href="https://www.benzinga.com/24/01/36496558/tesla-model-y-is-bestselling-electric-vehicle-of-all-time-passing-a-record-previously-held-by-the-mu">of all time, </a>and in 2023, it became the first electric vehicle to claim the title of global bestselling vehicle.
While the Model Y was the<a href="https://www.benzinga.com/news/24/01/36615986/top-10-bestselling-electric-vehicles-in-u-s-2023-where-do-tesla-ford-general-motors-rank"> bestselling electric vehicle </a>in the United States in 2023, it fell short of claiming the title of the top-selling vehicle overall.
That title belongs to the F-150 pickup truck from Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), a vehicle that has won the title of bestselling U.S. vehicle for more than 40 straight years.
A new <a href="https://wolfstreet.com/2024/09/20/tesla-model-y-now-a-hair-from-1-bestselling-model-closing-in-on-toyota-rav4-former-1-ford-f-150-is-3-stellantis-plunges-off-greed-cliff-ev-share-rises-to-9-0/" target="_blank" rel="noopener">report </a>from Wolf Street, using registration data, shows that Model Y is on pace to win the title in 2024.
Here are the top-selling vehicles in the U.S. through the first six months of 2024, according to the report:
<ol>
<li>Toyota RAV4</li>
<li>Tesla Model Y</li>
<li>F-150</li>
<li>CR-V Honda</li>
<li>Chevy Silverado 1500</li>
<li>Toyota Camry</li>
<li>Toyota Corolla</li>
<li>GMS Sierra 1500</li>
<li>Nissan Rogue</li>
<li>Chevrolet Equinox</li>
</ol>
The RAV4 from Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) currently tops the list, with the Model Y closely behind, and both vehicles are set to surpass the long-running streak of the F-150.
Several other pickup trucks appear on the list, and some have dropped off as consumer appetite for different vehicle models may be changing.  
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l">Tesla Q2 Earnings Highlights: Revenue Beat, EPS Miss, Robotaxi Update, 2024 Growth Rate To Be &#8216;Notably Lower&#8217; Than 2023</a>
Why It's Important: Winning the title of the bestselling vehicle in the world for 2023 was a major accomplishment for Tesla.
While Tesla CEO Elon Musk was confident years ago that this would be the case, many laughed and said there was no way this would happen.
The U.S., home of the Big 3 automakers Ford, General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Chrysler, has been slower to transition to electric vehicles than other regions around the world.
A win as the top-selling vehicle in the U.S. in 2024 or even simply passing the F-150 pickup truck could be major milestones for Tesla and the electric vehicle industry overall.
The Model Y was tied with RAV4 at 2.8% market share for the first half of 2024. This marked the highest share for the Model Y and was up from 2.6% in the first quarter.
Two more quarters will determine the winner of the title for the top-selling vehicle in the U.S. for the full year.
For Tesla, securing this title could serve as one of several catalysts to energize investors and analysts as the company approaches the close of the fiscal year. The new data arrives just in time for what promises to be an exciting October.
Tesla will report global deliveries and production figures for the third quarter in October and host its Robotaxi Day. The company is also expected to report third-quarter financial results during the month.
TSLA Price Action: Tesla stock is up 4.7% Monday to $249.65 versus a 52-week trading range of $138.80 to $271.00. Tesla stock is down 1% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40859757/tesla-analyst-says-business-before-pleasure-with-third-quarter-deliveries-report-ah">Tesla Analyst Says &#8216;Business Before Pleasure&#8217; With Third Quarter Deliveries Report Ahead Of Robotaxi Day</a></li>
</ul>
Photo: Shutterstock

Tesla Model Y Could End Ford's Long Reign As America's Top-Selling Vehicle: Will 2024 Be The Year?

The U.S. Commerce Department proposed Monday an outright block on the import and sale of Chinese-made vehicles that contain key communications and automated driving systems due <a href="https://www.benzinga.com/topic/china">to national security concerns.</a>
This sweeping proposal, reported by Reuters, would have the effect of shutting out nearly all Chinese cars from the U.S. market, intensifying the ongoing economic standoff between the two global superpowers.
The proposed regulation would not only target vehicles but also encompass the software and hardware integral to modern connected cars. 
This means that any vehicle equipped with systems that facilitate internet connectivity or data sharing — which are now ubiquitous in newer models — could be banned if these technologies are sourced from China or any other nation deemed a foreign adversary, including Russia.
<h3 class="wp-block-heading">Heightened Security Concerns</h3>
The Biden administration has expressed growing concerns over the potential for data collected by Chinese automakers and tech companies to be used for espionage or to undermine U.S. infrastructure. 
With many modern cars linked to the internet, allowing them to communicate with external systems for navigation, safety features, and data storage, officials worry that Chinese companies could exploit these connections to gather sensitive information or even manipulate vehicle operations remotely.
For instance, an extreme scenario, as warned by government officials, could see adversaries remotely controlling vehicles or causing accidents at scale.
<h3 class="wp-block-heading">Impact On The Auto Industry, Stock Reactions</h3>
This new ban, if enacted, could be a game changer for the automotive industry. Chinese automakers such as BYD, Nio and Xpeng, which have been eyeing the U.S. market, would face significant roadblocks.
Even American and other international automakers that source components from Chinese suppliers could be impacted, especially when it comes to hardware and software development.
The Alliance for Automotive Innovation – a trade group representing major automakers including General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen AG (OTCPK: VWAGY), and Hyundai Motor Co., Ltd (OTCPK: HYMTF) – has expressed caution about the proposed bans, according to Reuters. 
Automakers noted that connected vehicle components are sourced globally, including from China, and that reconfiguring supply chains to avoid Chinese software and hardware could prove challenging.
While the group has not yet provided a detailed breakdown of how extensively Chinese-made parts are used in U.S. vehicles, it&#8217;s clear the proposed bans would require significant adjustments for automakers operating in the U.S. market.
Shares of General Motors fell over 3% during Monday premarket trading, while Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) rose 1.3%. 
Shares of major Chinese automakers had mixed reactions. NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) fell over 2%, while XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) dropped 0.8%. In contrast, Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) managed to rise by 1%, bucking the downward trend.
<h3 class="wp-block-heading">Broadening Trade War</h3>
This move is part of a broader campaign by the U.S. government to curb China&#8217;s influence in the American economy. Just last week, the Biden administration imposed hefty tariffs on Chinese imports, including a 100% duty on electric vehicles and key minerals used in EV batteries.
These combined measures could reshape the competitive landscape in the U.S. auto market, particularly in the growing electric vehicle sector.
In addition, the proposal could hamper Chinese companies&#8217; ability to test self-driving or autonomous cars on U.S. soil, limiting their participation in an industry expected to revolutionize transportation over the coming decades.
<h3 class="wp-block-heading">Timeline For Ban</h3>
The proposed rules would phase in over the next several years. Software restrictions would apply to vehicles from the 2027 model year onward, while hardware bans would take effect for 2030 models, starting as early as January 2029, Reuters said. 
This phased approach is designed to allow automakers time to adapt their supply chains and eliminate Chinese components from their vehicles. Given the global nature of the automotive supply chain, transitioning away from Chinese-made components could be a costly and complex process.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40976900/wall-street-eyes-modestly-positive-start-as-atypical-september-rally-generates-positive-sentiment-c">Wall Street Eyes Modestly Positive Start As Atypical September Rally Generates Positive Sentiment, China Cuts Rate: Intel, Palantir, Bitcoin Make Huge Moves</a></li>
</ul>

Asia

Government

Mid Cap

Regulations

Politics

Global

Econ #s

HYMTF

Chinese Vehicle Tech Faces Biden Administration Ban Over National Security Concerns: China EV Stocks Fall

ADNT

CVNA

Shares of auto-related stocks are trading higher following the Fed's policy decision to cut rates by 50 basis points, which could stimulate spending and enhance credit affordability.

New Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicle registrations in the European Union in the first eight months of 2024 dropped 15% as compared to the corresponding period last year<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39499253/elon-musks-ev-giant-will-see-revenue-from-its-auto-business-slumping-this-year-but-"> as overall electric vehicle (EV) demand dropped</a>, data from Europe&#8217;s auto industry body showed on Thursday.
What Happened: Only 152,607 new Tesla vehicles were registered this year in the EU as of the end of August, as compared to 179,363 registrations in the corresponding period of last year, the European Automobile Manufacturers Association (ACEA) said. 
Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) is not faring great in the EU either. In the eight months that ended August, Ford&#8217;s new vehicle registration dropped 16% to 210,351 units. 
However, Swedish automaker Volvo Cars, majority-owned by China&#8217;s Geely, saw new car registrations rise 38% to 192,365 units while Chinese state-owned SAIC Motor also marked an 18% growth in registrations to 102,924 units.
Japan-based Toyota Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) witnessed its registrations rise by 18% this year through the end of August to 571,574 units even as rivals including Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) and Hyundai (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) recorded a 3.2% and 4.3% dip in registrations, respectively.
German automaker Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) continues to be the best-selling car brand in the EU, with 1.9 million new vehicles registered in the first eight months of 2024, growing by 1.6% over the same period last year.
Why It Matters: Overall, 7.2 million new cars have been registered<a href="https://www.benzinga.com/news/24/07/39635158/eu-imposes-provisional-duties-of-as-much-as-37-6-on-chinese-ev-imports"> in the EU</a> this year as of the end of August, marking a growth of 1.4% from last year. 
Hydrid electric vehicles&#8217; popularity in the period rose, as depicted by the 21% rise in registrations. Battery electric vehicle registrations dipped 8.3% while diesel vehicle registrations dropped 9.7%.
On Wednesday, the ACEA took note of the drop in BEV market share in the EU. &#8220;European auto manufacturers, united in ACEA, therefore call on the EU institutions to come forward with urgent relief measures before new CO2 targets for cars and vans come into effect in 2025,&#8221; it said. 
EV adoption and production are hindered by a lack of charging infrastructure and a competitive manufacturing environment, it said, while adding that the current emission rules do not account for the profound shift in the geopolitical and economic climate over the past years. 
The 2025 CO2 emission targets could result in multi-billion euro fines, production cuts, and job losses, ACEA said, while calling for the CO2 regulations for light-duty and heavy-duty vehicles to be reviewed next year. 
&#8220;We stand ready to discuss a package of short-term relief for the 2025 CO2 targets for cars and vans, as well as a fast-track, comprehensive, and robust review of the CO2 Regulations for both cars and trucks, plus targeted secondary legislation, to get the zero-emission transition firmly on track and secure Europe's industrial future,&#8221; it said. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40917032/tesla-cybertruck-lead-engineer-warns-against-using-extension-cord-on-superchargers">Tesla Cybertruck Lead Engineer Warns Against Using Extension Cord On Superchargers</a></li>
</ul>
Photo courtesy: Unsplash

STLA

Tesla Registrations In EU Take A Hit In 2024 As EV Demand Slows: Volkswagen, Volvo, And Toyota Continue To Gain Speed

Editor&#8217;s note: This story has been updated with additional information. 
Markets are bouncing Wednesday afternoon following the Federal Reserve&#8217;s decision to cut rates by 0.5%, marking the beginning of the central bank&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40918078/is-the-fed-playing-with-fire-we-see-greater-risk-of-an-overheating-economy-as-they-">highly anticipated cutting cycle</a>.
What To Know: Wednesday&#8217;s&nbsp;0.5% rate cut brings the&nbsp;target fed funds rate&nbsp;to a new range&nbsp;between 4.75% and 5%, down from a 23-year high of 5.25% to 5.5%. It&#8217;s also the first rate cut since March 2020.
The fed funds rate has been sitting at a range between&nbsp;5.25% and 5.5%&nbsp;since the central bank last hiked in July 2023.
The SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the <a href="https://www.benzinga.com/topic/s-p-500">S&amp;P 500</a> index, was up 0.44% at all-time highs at last check, led higher by a variety of names like Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), The Trade Desk Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>).
The materials sector, as tracked by the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), was showing the most strength at the time of writing, climbing approximately 0.6% following the Fed decision. The energy sector, tracked by the Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), was the weakest, down 0.3% following the rate cut. Energy stocks had performed well on Wednesday ahead of the Fed decision, which may explain some of the relative weakness in afternoon trading.
Here&#8217;s a look at how various ETFs tracking the price-weighted Dow Jones Industrial Average, tech stocks, small caps, treasuries and gold are faring following the Fed&#8217;s latest move.
<ul>
<li>SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>): up 0.38% at $418.87.</li>
</ul>
<ul>
<li>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>): up 0.59% at $476.25.</li>
</ul>
<ul>
<li>IShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>): up 2.31% at $224.36. Small caps outperformed broader markets ahead of the rate cut and continued to outperform in afternoon trading.</li>
</ul>
<ul>
<li>IShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>): down 0.36% at $100.48.</li>
</ul>
<ul>
<li>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>): up 0.66% at $239.02. Gold hit all-time highs following the Fed&#8217;s rate decision.</li>
</ul>
It&#8217;s also worth noting that crypto markets are volatile following the Fed decision on rates. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was down 0.86% over a 24-hour period, trading at $60,480, but well off its lows for the day, and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) was down 1.79% at $2,322. 
Check This Out: <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">Federal Reserve Delivers Bold 0.5% Rate Cut, Signals Further Easing Ahead</a>
The increased volatility is likely a result of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40883274/senator-warren-urges-fed-to-slash-rates-by-0-75-veteran-investor-warns-even-0-5-cut">uncertainty heading into the meeting</a>. According to CME&#8217;s <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">FedWatch tool</a>, the market was projecting a 61% chance of a larger 0.5% rate cut heading into the meeting versus a 39% chance of a smaller 0.25% cut.
As reported by Benzinga, the updated quarterly Dot Plot, which helps signal the Fed&#8217;s future policy intentions, indicates a more aggressive path for rate cuts than previously projected following Wednesday&#8217;s 0.5% cut. The median projection now calls for a total of 1% in rate cuts in 2024.
SPY Price Action: At the time of publication, the <a href="https://www.benzinga.com/quote/SPY">SPDR S&amp;P 500</a> was up 0.44%, trading at $565.62, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40908202/10-etfs-investors-secretly-bought-before-the-feds-make-or-break-interest-rate-cal">10 ETFs Investors Secretly Bought Before The Fed&#8217;s Make-Or-Break Interest Rate Call</a></li>
</ul>
Watch Fed Chair Jerome Powell&#8216;s press conference here: 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Jerome Powell Speaks, FOMC Press Conference &#x7C; September 18th, 2024" width="500" height="281" src="https://www.youtube.com/embed/qVdXli47cWk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
This illustration was generated using artificial intelligence via Midjourney.

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Small Cap

Economics

Federal Reserve

Movers

ETFs

$BTC

$ETH

SPDR Dow Jones Industrial Average ETF Trust

iShares Trust Barclays 20+ Year Treasury Bond Fund

S&P 500, Gold Strike All-Time Highs, Small Caps Rally After Fed Slashes Interest Rates For First Time In 4 Years (UPDATED)

Zubie Enters Agreement With Toyota's Commercial Vehicle Connectivity Platform, Toyota Data Solutions

<a href="https://electrek.co/2024/09/13/toyota-chairman-visit-hyundai-new-ev-partnership-coming/">https://electrek.co/2024/09/13/toyota-chairman-visit-hyundai-new-ev-partnership-coming/</a>
Toyota's former CEO and current chairman, Akio Toyoda, is heading to South Korea next month for a strategic meeting with Hyundai. With a private meeting scheduled between company chairpersons, is a new <a href="https://electrek.co/guides/toyota/">Toyota</a> and Hyundai EV collaboration coming?
On his first trip to Seoul in over a decade, Toyoda is scheduled to meet with Hyundai Motor chairman Chung Euisun.
The trip comes as "Chairman Chung expressed his desire to meet with Chairman Toyoda earlier this year," a diplomatic said. After accepting the invitation, Toyoda will fly into Seoul on October 24 for a three-day trip.
During the visit, Chung and Toyoda are scheduled for a private meeting to discuss how the two leading automakers, who have fiercely rivaled each other thus far, can tackle new competition.
Last year, Toyota was the world's largest automaker in terms of volume, while Hyundai Motor, including Kia and Genesis, ranked third.
According to sources, Hyundai and Toyota will explore collaborating on emerging tech, such as EV development, hybrid vehicles, and hydrogen-powered cars. Other projects could include autonomous vehicles and eVTOLs.
&nbsp;
<h2>Toyota and Hyundai to discuss EV, hybrid partnership</h2>
Toyota wants to learn from Hyundai's successful transition to electric vehicles. The sources said that Hyundai will learn more about Toyota's leading hybrid tech through the partnership.
Another area of focus will be hydrogen vehicles and the supporting infrastructure. Hyundai is investing heavily in hydrogen and fuel cell tech, with about $8.3 billion in funding set aside through the end of the decade.
On the other hand, Toyota <a href="https://global.toyota/en/newsroom/corporate/41463649.html">strengthened its alliance</a> with BMW earlier this month. The companies aim to create a "hydrogen society" by jointly developing fuel cell systems and improving the infrastructure.
Toyota and Hyundai are also investing heavily in EV and battery tech to keep up with low-cost competition from China.
Just this week, Toyota <a href="https://electrek.co/2024/09/09/toyotas-all-solid-state-ev-battery-plans-get-green-light-japan/">received the green light</a> from Japan's Ministry of Trade and Industry (METI) to develop and build advanced EV batteries, including all-solid-state tech. The certification comes as Japan aims to secure a domestic supply, with China and South Korea controlling the market.

Comments

Toyota Motor

Noticias

Últimas noticias sobre Toyota Motor (NYSE:TM) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL