Sumary of Toyota Motors’ Stock To Slow Down?:
- SANTA ROSA, CA – AUGUST 2: The Toyota logo is seen on a car at Freeman Toyota August 2, 2006 in .
- Toyota slipped past Ford Motor Company in July sales to become the second-biggest auto seller in the U.S. behind leader General Motors.
- Toyota sold 241,826 vehicles, 487 more than Ford, which sold 241,339. (Photo by Justin Sullivan/Getty Images) Getty Images [Updated 09/15/2021] Toyota Motors Update Toyota Motors’ stock (NYSE: TM) has been around the current range since June 2021 sans a small dip in mid-August.
- The company has managed the global chip shortage better than its peers.
- This was evidenced by the fact that Toyota Motors outsold General Motors in the U.S. for the first time ever by reporting sales volume of 688,813 against GM’s 688,236 in the April – June quarter.
- In the previous week, the company announced they will be investing $13.6 billion in battery technology over the next decade, including a $9 billion investment in production.
- This indicates the company is getting serious about adding electric cars to its line-up.
- We expect Toyota Motors’ revenues to rise by 7.1% to ¥29.1 trillion ($269.9 billion).