Toyota Motor Corp ADR
TM: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$385.00 | Pqqz | Bfnnbxb |
We Expect Toyota to See Good Chip Shortage Recovery in Fiscal 2024
Business Strategy and Outlook
Toyota's vision includes making compact cars a priority for emerging markets with attractive design but lower costs, having designers and engineers as equal partners, and scale from the Toyota New Global Architecture, which develops many vehicles using common parts, something critical for Toyota to try to keep pace with the likes of Tesla and Volkswagen. We think giving local designers more control is finally letting Toyota make more exciting vehicles.