Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

U.S. to take 'fresh look' at opening automakers' key spectrum band

share with twitter share with LinkedIn share with facebook
share via e-mail
05/14/2019 | 06:03pm EST
FILE PHOTO: Chairman Ajit Pai speaks ahead of the vote on the repeal of so called net neutrality rules at the Federal Communications Commission in Washington

WASHINGTON (Reuters) - The U.S. Federal Communications Commission plans to vote in June on launching a new review of a key spectrum band reserved for automakers that could boost Wi-Fi use, a person briefed on the matter said on Tuesday.

In 1999, the FCC reserved 75 megahertz of spectrum in the 5.9 GHz band for automakers to develop technology to allow vehicles to communicate with each other. Called Dedicated Short Range Communications (DSRC), the technology could eliminate hundreds of thousands of annual car crashes, automakers and regulators say.

FCC Chairman Ajit Pai said in remarks to the Wi-Fi World Congress on Tuesday that "the time has come for the FCC to take a fresh look at this band" that has gone largely unused.

"This valuable mid-band spectrum is largely lying fallow, and it has been so for two decades now — just as the internet has gone from dial-up modems to gigabit Wi-Fi," Pai said.

"It is time to launch a comprehensive review of the future of the 5.9 GHz band, make a sober assessment of the facts, and then make a timely decision."

NCTA - the Internet & Television Association, which represents major cable and content companies like Comcast Corp and CBS Corp, praised Pai's call. The group has urged the FCC to open the spectrum band to Wi-Fi use, saying it was "too valuable to our country's economic future to allow it to go unused any longer."

The Intelligent Transportation Society of America, which backs using the spectrum for auto safety, said it was "time to move past the regulatory uncertainty that has hung like a cloud for the past six years" and provide the necessary environment to make roads safer.

A person briefed on the plan said Pai plans to unveil the proposed rulemaking for an initial vote in June. The proposal will ask a series of questions and will not make any determinations.

On April 26, Toyota Motor Corp said it was halting plans to install DSRC technology on U.S. vehicles, saying it needed to see additional "federal government support to preserve the 5.9 GHz spectrum band for DSRC.”

Automakers have been divided in the United States over whether to proceed with the DSRC system or use a 4G- or 5G-based system.

DSRC transmissions enable vehicle-to-vehicle and vehicle-to-infrastructure communications and broadcast precise vehicle information up to 10 times per second, including location, speed and acceleration.

In December 2016, the U.S. Transportation Department proposed to mandate DSRC in all new vehicles, but the Trump administration has not acted on the proposal.

Ford Motor Co said in January it planned to deploy an alternative cellular vehicle-to-everything technology,  or C-V2X , in all new U.S. vehicle models beginning in 2022.

"We'll need to consider what the future of automotive safety technology is likely to look like and the spectrum needs of such technologies, including whether they will require specifically dedicated airwaves," Pai said Tuesday.

Pai cited a November study from Rand that said opening that spectrum band could add between $60 billion and $105 billion annually to the U.S. gross domestic product.

The National Highway Traffic Safety Administration in October said it was crucial to auto safety to preserve the spectrum band and noted there "are more than 70 active deployments of (vehicle to infrastructure) communications with thousands of vehicles already on the road."

(Reporting by David Shepardson; Editing by Susan Thomas and Richard Chang)

By David Shepardson

Stocks mentioned in the article
ChangeLast1st jan.
COMCAST CORPORATION -0.43% 45.82 Delayed Quote.1.89%
FORD MOTOR COMPANY -1.74% 7.89 Delayed Quote.-15.16%
TOYOTA MOTOR CORPORATION 1.10% 7837 End-of-day quote.0.67%
VIACOM INC. 3.20% 24.22 Delayed Quote.0.00%
VIACOMCBS INC. -3.52% 28.26 Delayed Quote.-32.67%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TOYOTA MOTOR CORPORATION
02/22Vietnam reports supply chain issues from virus, says may hit Samsung output
RE
02/21Vietnam reports supply chain issues from virus, says may hit Samsung output
RE
02/21Nissan, Honda delay restart of some China plants due to coronavirus
RE
02/21TOYOTA MOTOR : plans partial output resumption at all four China plants
RE
02/20TOYOTA MOTOR : Gains More Traction on the Road and in the Sedan Segment with the..
AQ
02/20Japan government to work with carmakers, suppliers to minimise virus impact
RE
02/20TOYOTA MOTOR : and Industries Jointly Develop New Battery for Hybrid Electric Ve..
AQ
02/19Japan's MUFG to invest 80 billion yen in Singapore's Grab - Nikkei
RE
02/18Car Dealers Warn of Lack of Young Buyers for New Vehicles
DJ
02/18GM Pulls Back Overseas and Drops an Australian Mainstay -- WSJ
DJ
More news
Financials (JPY)
Sales 2020 29 996 B
EBIT 2020 2 567 B
Net income 2020 2 418 B
Debt 2020 13 701 B
Yield 2020 2,97%
P/E ratio 2020 9,50x
P/E ratio 2021 9,37x
EV / Sales2020 1,18x
EV / Sales2021 1,21x
Capitalization 21 735 B
Chart TOYOTA MOTOR CORPORATION
Duration : Period :
Toyota Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 8 533,33  JPY
Last Close Price 7 837,00  JPY
Spread / Highest target 27,6%
Spread / Average Target 8,89%
Spread / Lowest Target -22,2%
EPS Revisions
Managers
NameTitle
Akio Toyoda President, CEO & Representative Director
Takeshi Uchiyamada Chairman
Didier Leroy Director, Head-Sales & Operations
Koji Kobayashi CFO, Director, Chief Risk Officer & Executive VP
Shigeki Terashi Director, Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORPORATION0.67%194 588
VOLKSWAGEN AG-5.80%91 086
GENERAL MOTORS COMPANY-5.33%49 515
DAIMLER AG-13.72%49 500
HONDA MOTOR CO., LTD.-0.49%47 399
BMW AG-11.80%45 293