TM - Price Drop For Toyota Stock Presents Buying Opportunity For Long-Term Investors
2024-06-21 17:21:06 ET
Summary
- Toyota and other Japanese automakers faced regulatory cheating allegations, but findings did not result in recalls or safety defects.
- Toyota's slow approach to introducing battery-electric vehicles has faced criticism, but the McKinsey report supports the strategy.
- Toyota plans to sell 3.5 million EVs annually by 2030, focusing on solid-state batteries for longer range and faster charging.
The uproar over alleged regulatory cheating by Toyota Motor Corp. ( TM ) and four other Japanese automotive companies made juicy headlines. A closer inspection of the infractions looks more embarrassing than substantive....
Price Drop For Toyota Stock Presents Buying Opportunity For Long-Term Investors