Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Toyota Motor Corporation
  6. News
  7. Summary
    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Model Y drags down Tesla's ranking in annual reliability survey by Consumer Reports

11/19/2020 | 10:49am EST
FILE PHOTO: The Tesla logo is seen

DETROIT (Reuters) - Tesla Inc's newly introduced Model Y crossover, which has had body-hardware and paint issues, dragged down the electric-car maker's standing in Consumer Reports magazine's annual reliability study.

Owners of the Model Y, which began production in January, have reported misaligned body panels that had to be fixed and mismatched paint including, in one case, human hair stuck in the paint, according to Consumer Reports. The Model Y finished with a "much worse than average" reliability rating.

Tesla's ranking would have risen a few spots if not for the Model Y's performance, said Jake Fisher, senior director of auto testing at Consumer Reports.

New models often have reliability issues, but Tesla's problems were not typical.

"I am surprised that we would see just basic paint and trim type issues and body panel fitment issues," he said in an interview. "You would think that that would have been worked out a long time ago."

"Really disappointing when you spend this much money for a car and hopefully they'll be able to rectify a lot of these as time goes by," Fisher added.

Tesla's ranking slipped two spots to No. 25 out of 26 brands rated in the U.S. market, ahead of only Ford Motor Co's Lincoln luxury brand, according to the annual survey released on Thursday. (www.CR.org/reliability)

The Tesla Model S sedan and Model X SUV were both "worse than average, with the former losing its "recommended" status, Fisher said. The Model 3 sedan maintained an "average" rating and its "recommended" status.

Tesla could not be reached for comment.

The poll predicts which new cars will give owners fewer or more problems, based on data collected for more than 300,000 vehicles from model years 2000 to 2020. Its scorecard is influential among consumers and industry executives.

Brands with no major changes to their lineups, such as Mazda Motor Corp, made gains. Mazda finished above Toyota Motor Corp's Toyota and Lexus brands, marking the first time a Toyota brand did not finish first in the survey, Fisher said.

The reliability of full-sized pickups, the most popular vehicles in the U.S. market, was weaker.

General Motors Co's Chevrolet Silverado and GMC Sierra 1500 pickups had "much worse than average" reliability, while Fiat Chrysler Automobile's Ram pickup finished "worse than average." Ford's F-150 was not rated because a redesigned model was just launched, but the larger F-250 and F-350 versions were "average."

(Reporting by Ben Klayman in Detroit; Editing by Bernadette Baum)

By Ben Klayman


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FORD MOTOR COMPANY -3.56% 21.65 Delayed Quote.4.24%
GENERAL MOTORS COMPANY -2.83% 54.65 Delayed Quote.-6.79%
MAZDA MOTOR CORPORATION -4.24% 903 Delayed Quote.5.42%
TESLA, INC. 0.06% 996.27 Delayed Quote.-5.73%
TOYOTA INDUSTRIES CORPORATION -4.37% 8980 Delayed Quote.1.96%
TOYOTA MOTOR CORPORATION -2.37% 2287 Delayed Quote.9.38%
All news about TOYOTA MOTOR CORPORATION
01:16pSempra Energy Unit SoCalGas Buys Hydrogen Fuel Cell Electric Vehicles, Plans to Add Mor..
MT
10:13aToyota to Suspend 21 Production Lines in Japan Due to Impact of COVID-19 Cases at Suppl..
MT
09:05aToyota to curb more production in Japan as COVID spreads
RE
05:15aToyota Slashes February Production Outlook by 150,000 Vehicles
MT
03:58aUPDATE2 : Tokyo stocks end higher on dip-buying after Nikkei's nearly 3% fall
AQ
02:28aUPDATE1 : Tokyo stocks end higher on dip-buying after Nikkei's nearly 3% fall
AQ
02:21aNikkei rebounds from 5-month low on China rate cut, game-maker rally boost
RE
01/19Nikkei rebounds from five-month low as Sony, Toyota advance
RE
01/19Japan's Dec exports, imports hit record high by value as supply bottlenecks ease
RE
01/19TOYOTA MOTOR : Two Refugee Students Come to Toyota as They Try to Build Bonds between Syri..
PU
More news
Analyst Recommendations on TOYOTA MOTOR CORPORATION
More recommendations
Financials
Sales 2022 31 205 B 274 B 274 B
Net income 2022 2 749 B 24 153 M 24 153 M
Net Debt 2022 18 322 B 161 B 161 B
P/E ratio 2022 12,0x
Yield 2022 2,48%
Capitalization 32 370 B 284 B 284 B
EV / Sales 2022 1,62x
EV / Sales 2023 1,46x
Nbr of Employees 366 283
Free-Float 69,9%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 2 342,50 JPY
Average target price 2 426,84 JPY
Spread / Average Target 3,60%
EPS Revisions
Managers and Directors
Akio Toyoda Director & General Manager-Asia
Kenta Kon Chief Financial Officer, Director & GM-Accounting
Takeshi Uchiyamada Director & Manager-Development Center 2
Keiji Yamamoto Chief Information & Security Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capi. (M$)
TOYOTA MOTOR CORPORATION9.38%278 562
VOLKSWAGEN AG8.01%134 285
DAIMLER AG10.22%90 458
FORD MOTOR COMPANY8.09%89 716
GENERAL MOTORS COMPANY-4.08%81 653
BAYERISCHE MOTOREN WERKE AG10.59%72 197