We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Toyota (TM) Unveils New Mobility Services & Concept Vehicles
Read MoreHide Full Article
Toyota Motor Corporation (TM - Free Report) has announced new e-Palette Alliance and e-Palette Concept Vehicle programs. These programs are aimed at meeting the growing demand of multi-faceted transportation and business applications. This announcement is in line with the company’s focus on sustainable mobility. Moreover, this reveals sustained efforts put forward by the Japanese automaker for creating new values and services for the customers which is beyond traditional cars and trucks.
The new e-Palette Alliance will utilize Toyota’s proprietary Mobility Services Platform (MSPF) to develop a set of related mobility solutions and a flexible, purpose-built vehicle. The new idea will build an ecosystem of hardware and software support intended to help companies utilize advanced mobility technology in order to cater to the needs of the customers in a better way.
The open vehicle control interface and a set of software tools of e-Palette Concept Vehicle allow partner companies to install their own automated driving system and management technology. When automated driving system of a partner company is installed, Toyota’s Guardian technology will act as a safety net to ensure appropriate operation.
As a whole, the e-Palette Alliance and e-Palette Concept Vehicle highlights Toyota’s sustained efforts in developing and delivering new connected mobility businesses and data services through Toyota Connected, the company’s data analysis and services subsidiary.
The company has underperformed the industry it belongs to in the last three months. Its shares have gained 10.8% compared with the industry’s growth of 12.7 %.
A few other top-ranked automobile stocks in the same space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Denso Corp. (DNZOY - Free Report) and Lear Corporation (LEA - Free Report) , each carrying a Zacks Rank #2.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 36.4% in the past 12 months.
Denso has a long-term growth rate of 10.1%. The company’s shares have gained 43.4% in the past 12 months.
Lear Corporation has a long-term growth rate of 7.1%. The company’s shares have gained 39.3% in the past 12 months.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Image: Bigstock
Toyota (TM) Unveils New Mobility Services & Concept Vehicles
Toyota Motor Corporation (TM - Free Report) has announced new e-Palette Alliance and e-Palette Concept Vehicle programs. These programs are aimed at meeting the growing demand of multi-faceted transportation and business applications. This announcement is in line with the company’s focus on sustainable mobility. Moreover, this reveals sustained efforts put forward by the Japanese automaker for creating new values and services for the customers which is beyond traditional cars and trucks.
The new e-Palette Alliance will utilize Toyota’s proprietary Mobility Services Platform (MSPF) to develop a set of related mobility solutions and a flexible, purpose-built vehicle. The new idea will build an ecosystem of hardware and software support intended to help companies utilize advanced mobility technology in order to cater to the needs of the customers in a better way.
The open vehicle control interface and a set of software tools of e-Palette Concept Vehicle allow partner companies to install their own automated driving system and management technology. When automated driving system of a partner company is installed, Toyota’s Guardian technology will act as a safety net to ensure appropriate operation.
As a whole, the e-Palette Alliance and e-Palette Concept Vehicle highlights Toyota’s sustained efforts in developing and delivering new connected mobility businesses and data services through Toyota Connected, the company’s data analysis and services subsidiary.
The company has underperformed the industry it belongs to in the last three months. Its shares have gained 10.8% compared with the industry’s growth of 12.7 %.
Toyota currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A few other top-ranked automobile stocks in the same space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Denso Corp. (DNZOY - Free Report) and Lear Corporation (LEA - Free Report) , each carrying a Zacks Rank #2.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 36.4% in the past 12 months.
Denso has a long-term growth rate of 10.1%. The company’s shares have gained 43.4% in the past 12 months.
Lear Corporation has a long-term growth rate of 7.1%. The company’s shares have gained 39.3% in the past 12 months.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>