- Toyota sales down but increases its dividend, and it plans to implement a share buyback program.
- Little discussion about electrification in the Q2 earnings call, which focused on how Toyota was managing challenging market conditions.
- In earnings Q&A, there was a question about electrification, which led to acknowledgement that Toyota has a problem with perception about its electrification plans.
- A comparison of Ford versus Toyota approach to electrification is stark. Ford accepts electrification and says legacy companies should study Tesla; Toyota seeks to continue with ICE.
- Toyota was named the third most obstructive company towards climate change, after Exxon Mobil and Chevron. There are many reasons for investors to be cautious of Toyota’s business planning.
For further details see:
Toyota And Electrification