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

TOYOTA MOTOR CORPORATION

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Toyota Motor : Announces Appointment of Tommi Mäkinen as a Motorsport Advisor

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09/22/2020 | 06:05am EDT

Tommi Mäkinen* will be appointed as a Motorsport Advisor to Toyota Motor Corporation (Toyota) from January 2021, with the aim of further advancing the manufacturing of ever-better cars.

Behind the appointment is Tommi Mäkinen's impressive contribution to the supercharged re-ignition of Toyota's World Rally operations from 2017. Tommi Mäkinen and his team of professionals at Tommi Mäkinen Racing Oy helped Toyota to develop a highly competitive rally car and also built the team, TOYOTA GAZOO Racing World Rally Team, to run it at the highest level of world rallying, the FIA World Rally Championship. Already in 2018, the second year after their return, Toyota earned the manufacturers' world championship title, and in 2019 they won the drivers' and co-drivers' world championship titles.

With this expertise, Toyota is sure Tommi Mäkinen is capable of contributing in even wider fields of motorsports, such as the development of motorsports-bred GR vehicles, strategic planning of motorsport activities, and driver talent development. Appointing him as a motorsport advisor of Toyota Motor Corporation, the brand is looking forward to his advice on strategy formulation and organizational operations.

Consequently, the WRC project built by Tommi Mäkinen Racing Oy―TOYOTA GAZOO Racing WRT and the design and development of World Rally Cars―will be managed directly by Toyota. From 2021 on the WRC operations will be run by TOYOTA GAZOO Racing Europe GmbH, the Toyota group company responsible for the core functions of Toyota motorsports in Europe. We plan to benefit from Tommi Mäkinen's resolution, learning from his world-leading vehicle development know-how, cultivated at TMR, in order to link this to specific business development. We will also further strengthen our systems, including the acceleration of practical training of human resources. Still, TGR WRT continues its activities both in Finland and Estonia as it has been, using the existing human resources and some facilities originating from TMR.

Disclaimer

Toyota Motor Corporation published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 09:04:05 UTC


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Sales 2021 25 186 B 242 B 242 B
Net income 2021 1 200 B 11 519 M 11 519 M
Net Debt 2021 16 268 B 156 B 156 B
P/E ratio 2021 16,3x
Yield 2021 3,12%
Capitalization 19 463 B 186 B 187 B
EV / Sales 2021 1,42x
EV / Sales 2022 1,27x
Nbr of Employees 359 542
Free-Float 62,1%
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Number of Analysts 21
Average target price 7 758,33 JPY
Last Close Price 6 961,00 JPY
Spread / Highest target 35,0%
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Spread / Lowest Target -21,0%
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Akio Toyoda President, CEO & Representative Director
Takeshi Uchiyamada Chairman
Kenta Kon Chief Financial Officer
Seiji Sakai Manager-Information Systems & IT Management
Masahito Maeda Chief Technology Officer
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