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

TOYOTA MOTOR CORPORATION

(7203)
  Report
Delayed Japan Exchange  -  10:11 2022-08-17 pm EDT
2148.00 JPY   -1.60%
05:10aJapan auto lobby says it is concerned about new U.S. law on EV credits
RE
04:04aFitch Rates Toyota Auto Receivables 2022-C Owner Trust
AQ
08/16Biometric Tech Maker Zkteco Jumps 37% in Shenzhen Trading Debut
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. auto trade group warns EV tax proposal would make 70% ineligible

08/05/2022 | 07:18pm EDT
FILE PHOTO: Logo of GM atop the company headquarters

WASHINGTON (Reuters) - A group representing General Motors, Toyota Motor, Volkswagen and other major automakers warned late on Friday that a U.S. Senate Democratic proposal to revamp the $7,500 electric vehicle tax credit would make most models ineligible.

Automakers have been privately warning that the proposal's requirements for battery and critical mineral sourcing would make many electric vehicles ineligible.

John Bozzella, who heads the Alliance for Automotive Innovation, said a proposal from Senators Chuck Schumer and Joe Manchin, would have dire impacts.

Of 72 electric, plug-in hybrid and fuel cell EVs "70% of those EVs would immediately become ineligible when the bill passes and none would qualify for the full credit when additional sourcing requirements go into effect."

(Reporting by David Shepardson; Editing by Sandra Maler)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY -1.51% 38.4 Delayed Quote.-34.50%
STELLANTIS N.V. -1.74% 14.64 Delayed Quote.-10.70%
TOYOTA INDUSTRIES CORPORATION -1.73% 7950 Delayed Quote.-13.17%
TOYOTA MOTOR CORPORATION -1.58% 2148 Delayed Quote.0.74%
VOLKSWAGEN AG -2.39% 147 Delayed Quote.-17.17%
All news about TOYOTA MOTOR CORPORATION
05:10aJapan auto lobby says it is concerned about new U.S. law on EV credits
RE
04:04aFitch Rates Toyota Auto Receivables 2022-C Owner Trust
AQ
08/16Biometric Tech Maker Zkteco Jumps 37% in Shenzhen Trading Debut
MT
08/16Apple supplier BOE, others say production hit by Sichuan power rationing
RE
08/16U.S. says about 20 models will get EV credits through end of 2022
RE
08/16Toyota Adds Diversity Advisory Board Members
AQ
08/16Energy Conservation Order Prompts Suspension Of Works At Toyota's China JV Plant
MT
08/16SAIC Motor's robotaxi unit raises 1 billion yuan in Series B funding
RE
08/16Toyota suspends operations at Sichuan plant due to power shortage
RE
08/16Toyota suspends operations at Sichuan plant due to power shortage - Kyodo
RE
More news
Analyst Recommendations on TOYOTA MOTOR CORPORATION
More recommendations
Financials
Sales 2023 35 997 B 266 B 266 B
Net income 2023 2 998 B 22 147 M 22 147 M
Net Debt 2023 18 917 B 140 B 140 B
P/E ratio 2023 10,1x
Yield 2023 2,77%
Capitalization 29 880 B 221 B 221 B
EV / Sales 2023 1,36x
EV / Sales 2024 1,28x
Nbr of Employees 376 971
Free-Float 70,0%
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 2 183,00 JPY
Average target price 2 451,05 JPY
Spread / Average Target 12,3%
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 CORPORATION0.74%216 203
VOLKSWAGEN AG-15.15%91 748
MERCEDES-BENZ GROUP AG-9.42%66 648
FORD MOTOR COMPANY-20.90%66 053
GENERAL MOTORS COMPANY-33.50%56 849
BMW AG-10.44%52 750