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4-Traders Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

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Toyota Looks to Make Prius in North America

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01/15/2013 | 06:36am CEST

DETROIT (Nikkei)--The head of Toyota Motor North America Inc. suggested the company plans to produce the Prius in North America, saying the firm intends to "make cars where they are popular, the Nikkei reported in its Tuesday evening edition."

The Toyota Motor Corp. (>> TOYOTA MOTOR CORPORATION) hybrid is selling well in North America.

Shigeki Terashi made the comments Monday at the North American International Auto Show when asked if his company planned to make the Prius in North America. His comment suggests the firm is looking to gain a cost edge over rivals.

U.S. sales of the Prius reached 240,000 units in 2012, up 73% on the year and accounting for 82% of all hybrids Toyota sells there. The North American unit will also consider locally manufacturing key components for hybrids, such as batteries and motors, according to Terashi.

Honda Motor Co. (>> Honda Motor Co Ltd) also appears to be leaning toward manufacturing hybrids in North America. The company currently sends key components to the U.S. for final assembly.

The firm's president, Takanobu Ito, says Honda may produce hybrids in North America but that the carmaker should first find out exactly how many hybrids will be sold there.

He also said Honda will shift to domestic procurement of motors and other components for hybrids in the U.S.

Stocks mentioned in the article : TOYOTA MOTOR CORPORATION, Honda Motor Co Ltd
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Financials ( JPY)
Sales 2017 26 759 392 M
EBIT 2017 -
Net income 2017 1 652 647 M
Debt 2017 6 298 552 M
Yield 2017 3,37%
P/E ratio 2017 10,93
P/E ratio 2018 9,99
EV / Sales 2017 0,97x
EV / Sales 2018 0,95x
Capitalization 19 730 903 M
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Average target price 6 277  JPY
Spread / Average Target 6,2%
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NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Kiyotaka Ise General Manager-Technology & Development
Shigeki Tomoyama General Manager-Information Technology Division
Shigeki Terashi Representative Director, VP & Secretary
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