Toyota Motor Corporation (NYSE:TM) To Enter World Endurance Championship

Toyota Motor Corporation (NYSE:TM) has decided to participate in the World Endurance Championship.

Toyota Motor Corporation (NYSE:TM) To Enter World Endurance Championship

Toyota Motor Corporation (NYSE:TM) announced that it will participate in the FIA World Endurance Championship this year and its TS030 hybrid powered race car will debut at the Six Hours Spa Francorchamps.

Originally the company planned to enter only selected races.

Toyota Motor Corporation (NYSE:TM)’s racing team president Yoshiaki Kinoshita said, “The circumstances for the championship changed suddenly in recent weeks and Toyota Racing considers it important to work together with the FIA and ACO to establish a successful future for endurance racing. We have done everything we can to show our support and we look forward to an exciting season, including the opportunity to race two cars at Le Mans”.

Toyota Motor Company (NYSE:TM) stocks were at 76.23 at the end of the last day’s trading. There’s been a 16.0% change in the stock price over the past 3 months.

Toyota Motor Company (NYSE:TM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 3
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 3
Zack’s Rank: 8 out of 12 in the industry