Toyota Motor Corp ADR

TM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$991.00	Mrc	Xhvgyglr

Toyota Has Accelerated Its Electric Vehicle Plans Under New Leadership

David Whiston

Jul 3, 2023

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.

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