Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

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


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Toyota Motor Corporation : Announces Appointment of Tommi Makinen as a Motorsport Advisor

share with twitter share with LinkedIn share with facebook
09/22/2020 | 05:23am EDT

Toyota City, Japan, Sept 22, 2020 - (JCN Newswire) - - Tommi Makinen* 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 Makinen's impressive contribution to the supercharged re-ignition of Toyota's World Rally operations from 2017. Tommi Makinen and his team of professionals at Tommi Makinen 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 Makinen 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 Makinen 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 Makinen'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.


Tommi Makinen, managing director and owner of Tommi Makinen Racing Oy

The goal of the Toyota WRC-project was to re-start the world rallying operation effectively with the flexible organization which only a small company can achieve.

I am happy to say that this goal has now been reached and it is time for me to move on to new challenges with Toyota. I want to thank Akio Toyoda for trusting me with this project and supporting us all the way to reach the goals we set together. I am looking forward to continue the work with him, designing the future of Toyota in motorsports.

We are happy that as planned Toyota now decided to acquire the WRC-operations we have built together and I am also very happy of the way Toyota provides our experts with a steady home and future as TOYOTA GAZOO Racing World Rally Team. It is also important to me that operations will still stay in Jyvaskyla and Tallinn, while the TOYOTA GAZOO Racing Europe takes the team under its wing.

Akio Toyoda, President of Toyota Motor Corporation

It was only after I met Tommi that I was able to decide on Toyota's return to the WRC.

It is because of his support that we are able to win at the WRC.

And by leveraging his expertise, we were able to create the GR Yaris, a 4WD sports car.

Going forward, he will be our motorsports advisor.

In addition to providing expert advice on how to win races, as he has been doing, we expect him to provide a broad range of advice so that Toyota can produce ever-better cars.

Even after the appointment of this role, the fact that he will continue to be my driving instructor will not change.

"Tommi, let's drive together again!"

*Tommi MakinenMade his rally debut in 1985. He won a total of 24 WRC events. He was a works driver for Mitsubishi from 1995, and from 1996 to 1999 he made the remarkable achievement of winning the WRC drivers' championship for four consecutive years. After transferring to Subaru in 2002, he continued to achieve compete at the front, making his mark in WRC history.

About Toyota Motor Corporation

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Copyright 2020 JCN Newswire . All rights reserved.

© Japan Corporate News, source JCN Press Releases

share with twitter share with LinkedIn share with facebook
02:22aJapan stocks end lower as firmer yen, U.S. political uncertainty weigh
10/21Japanese shares fall on rising yen, U.S. political uncertainty
10/21TOYOTA MOTOR : AI Ventures Invests in YPC Technologies Through 2020 'Call for In..
10/21HINO MOTORS : China's BYD, Japan's Hino announce electric truck venture
10/21HINO MOTORS : China's BYD, Japan's Hino announce electric truck venture
10/20LESS CARBON, MORE ELECTRIC VEHICLES : automakers prepare for potential Biden win
10/20Japan emphasises Olympics cybersecurity, condemns 'malicious' hacks
10/19TOYOTA TSUSHO : bets on start-up Tugende's small loans to boost Africa business
10/19TOYOTA MOTOR : GR Yaris Makes Its Dynamic Debut at the Goodwood Speedweek
10/19TOYOTA MOTOR : GR Yaris Makes its Dynamic Debut at the Goodwood SpeedWeek
More news
Sales 2021 25 186 B 241 B 241 B
Net income 2021 1 200 B 11 473 M 11 473 M
Net Debt 2021 16 268 B 156 B 156 B
P/E ratio 2021 16,3x
Yield 2021 3,11%
Capitalization 19 477 B 186 B 186 B
EV / Sales 2021 1,42x
EV / Sales 2022 1,27x
Nbr of Employees 359 542
Free-Float 62,1%
Duration : Period :
Toyota Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 7 758,33 JPY
Last Close Price 6 966,00 JPY
Spread / Highest target 34,9%
Spread / Average Target 11,4%
Spread / Lowest Target -21,0%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG-22.22%84 573
DAIMLER AG-2.84%60 907
BMW AG-12.76%48 843
HONDA MOTOR CO., LTD.-17.36%43 119