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
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Toyota Motor Corporation
  6. News
  7. Summary
    7203   JP3633400001

TOYOTA MOTOR CORPORATION

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

Toyota aims to make its factories carbon neutral by 2035, says executive

06/11/2021 | 04:33am EDT
FILE PHOTO: The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi

TOKYO (Reuters) - Toyota Motor Corp will aim to make all its global factories carbon neutral by 2035, a senior executive said on Friday, pulling forward the goal by 15 years from 2050.

Toyota's chief production officer Masamichi Okada said the automaker will focus initially on introducing new technologies for processes such as painting, coating and casting.

"In this way, the processes that have high generation of CO2 will be focused on to reduce as much as possible, or even eliminate CO2 emissions," Okada told an online media briefing.

"By identifying these areas, we will focus our resources and we believe that will contribute to shorten the time until we can achieve carbon neutrality," he said.

The automaker will also consider having onsite and offsite power sources that it can rely on for renewable energy, he added.

With pressure growing on global automakers to slash emissions, German luxury automaker BMW said its factories in China plan to reach carbon emissions neutrality by the end of this year, while Ford also aims to power all of its plants with locally sourced renewable energy by 2035.

Toyota has said in recent years that electric vehicles (EVs) will play a greater role in reducing emissions but other solutions should be used, like its successful hybrid or slow-selling hydrogen vehicles.

To achieve carbon neutrality, Toyota aims to have a variety of options, Okada said, adding that the automaker wants to work with multiple types of models for EVs and assemble them simultaneously.

"We're going to utilise our experience and knowledge that we have gained through the years," he said.

(Reporting by Eimi Yamamitsu; Editing by Muralikumar Anantharaman, Elaine Hardcastle and Emelia Sithole-Matarise)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BMW AG -1.21% 92.13 Delayed Quote.29.12%
TOYOTA INDUSTRIES CORPORATION -0.30% 9810 End-of-day quote.19.78%
TOYOTA MOTOR CORPORATION 0.54% 10230 End-of-day quote.28.57%
All news about TOYOTA MOTOR CORPORATION
04:07aSAFARI RALLY KENYA : PreviewToyota Yaris WRC to face another 'new' challenge on ..
PU
04:07aTOYOTA MOTORá : Statement on Reported COVID-19 Infections at Toyota Work Sites
PU
02:17aJapanese stocks end lower; Toyota, financials weigh on Topix
RE
12:25aMODERNAá : Japan Inc joins COVID-19 vaccination push as Olympics loom
RE
06/17Nikkei tracks Nasdaq's solid finish overnight, Toyota drags Topix
RE
06/17TOYOTA MOTORá : Shareholders' Meeting
PU
06/17TOYOTA MOTORá : Is Manufacturing Past its Prime? Toyota Chief Production Officer..
PU
06/17The best and worst placed in the race towards electric vehicles
06/17TOYOTA MOTORá : Woven Capital Invests in Ridecell to Accelerate Global Growth in..
PU
06/17TOYOTA MOTORá : Notice of Resolutions Adopted at the 117th Ordinary General Shar..
PU
More news
Financials
Sales 2021 26 768 B 243 B 243 B
Net income 2021 1 963 B 17 828 M 17 828 M
Net Debt 2021 13 969 B 127 B 127 B
P/E ratio 2021 14,6x
Yield 2021 2,20%
Capitalization 28 603 B 259 B 260 B
EV / Sales 2021 1,59x
EV / Sales 2022 1,51x
Nbr of Employees 366 283
Free-Float 72,0%
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 21
Average target price 10 131,58 JPY
Last Close Price 10 230,00 JPY
Spread / Highest target 21,2%
Spread / Average Target -0,96%
Spread / Lowest Target -25,7%
EPS Revisions
Managers and Directors
NameTitle
Akio Toyoda Executive President, CEO & Representative Director
Kenta Kon CFO, Director & Chief Officer-Accounting Group
Takeshi Uchiyamada Chairman
Keiji Yamamoto Chief Information, Security & Software Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORPORATION28.57%259 274
VOLKSWAGEN AG47.03%158 215
DAIMLER AG37.50%101 286
GENERAL MOTORS COMPANY44.28%87 156
BMW AG29.12%72 201
FORD MOTOR COMPANY68.03%58 957