Toyota Motor Corporation (ADR) (TM) plans to invest billions of dollars toward the development of fuel-cell vehicles and plug-in hybrids. Toyota’s gas vehicle sales in the US market are rising, enabling it to commit funds to the production of green cars.
I was sitting in a briefing recently, where I heard how US GDP would be measurably affected by the floods in Thailand –- specifically through the shutdown of production of key auto parts.  That reminded me of the supply-chain-propagated impact of events nine months earlier, following the earthquake and tsunami in Japan.
(LOS ANGELES) — Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving hundreds of lawsuits over acceleration problems in its vehicles. The company said in a statement that the deal will resolve cases involving motorists who said the value of their vehicles was adversely affected by previous recalls stemming from sudden acceleration problems. Lawyer Steve Berman, a plaintiffs’ attorney, said the settlement is the largest settlement in U.S. history involving automobile defects.
By Dana Blankenhorn: For most investors, Toyota (TM) is what GM was. It's a company that can do no wrong. Even the earthquake and tsunami could not kill the bullish case, which has a PE of 26 against GM's 5.
Rising gasoline prices have revved up sales of the hybrid, but production disruptions in Japan after the earthquake and tsunami are rippling across the globe. Some dealers have no Priuses left.Rising gas prices have reignited sales of the fuel-sipping Prius hybrid, and dealers are getting more money for the Toyota sedan.