![]() This process gives you the ability to spread out the cost of your vehicle over a longer time period. We strive to take great care of you, providing fast and friendly credit approval to get you into your new vehicle as soon as possible.įinancing your new vehicle can be very beneficial. Our auto loan experts are here to help guide you through your purchase or lease. This way, acquiring the vehicle that you desire is a much more affordable process. We can offer you great auto financing, whether you choose to purchase a Toyota that is new or used. Asociados de Ventas de Habla Hispana en Miller Toyotaįind Toyota Finance Options in Manassas, VAĪre you in the market for a high quality Toyota vehicle? Visit Miller Toyota to receive amazing finance options towards your new purchase! At our dealership, residents near Alexandria and Arlington, VA can obtain competitive financing rates and terms on our extensive selection of vehicles. ![]() Including its Lexus luxury brand, Toyota now has just a handful of battery models on the market and last year sold fewer than 25,000 of those worldwide. Toyota said last month it would introduce 10 new battery-powered models and target sales of 1.5 million EVs a year by 2026. Reuters reported last year how Toyota's former head, Akio Toyoda, lobbied the Japanese government to make clear it supported hybrid vehicles as much as battery electrics or risk losing the auto industry's support. It has not received firms answers and there is no information about the objectivity and transparency of the evaluation method, the spokesperson said.ĪkademikerPension submitted a proposal for last year's shareholder meeting but that was rejected for arriving one day too late, it said. The spokesperson said Toyota has also questioned InfluenceMap about it evaluation methods and the fact that its EV target is not taken into account. The fund said that Toyota's own reports on its climate policy engagement fall "far short of investor expectations" when compared with benchmarks established with InfluenceMap and used by a large number of investors.Ī Toyota spokesperson said no other Japanese company and not many globally have made disclosures on climate policy engagement the way Toyota has, adding it had received some amount of recognition for doing so. It first planned to submit a shareholder proposal in 2021, but withdrew that after it received assurances that Toyota would review its climate lobbying. It will be the first time that Toyota faces such a climate-related resolution at its annual general meeting, the funds said.ĪkademikerPension has been engaging with Toyota for some two years over the issue. This will include the appointment of an "accredited third party" to review the evaluation of its work with industry associations. The board said Toyota planned to this year improve the annual report it has been publishing since 2021 that details its public-relations efforts on climate. "We're concerned that Toyota is missing out on profits from soaring EV sales, jeopardising its valuable brand and cementing its global laggard status," said Anders Schelde, AkademikerPension's chief investment officer. That would include a report detailing whether such lobbying, including through industry associations and public statements, reduces risks for the company from climate change and aligns with the goals of the Paris Agreement as well as Toyota's own goal of carbon neutrality by 2050, they said in a statement. Toyota on Wednesday also said it expects a five-fold jump in pure electric vehicle (EV) sales this business year.ĭanish pension fund AkademikerPension, Norway's Storebrand Asset Management and Dutch pension investment company APG Asset Management want Toyota to commit to a comprehensive, annual review of its climate-related lobbying, they said on Wednesday. Think tank InfluenceMap has given it low ratings for opposing policies that would mandate the long-term phase-out of the internal combustion engine. The Japanese firm was once the undisputed global leader in environmentally friendly cars with the Prius hybrid, but more recently it has been criticised as slow to embrace battery electric vehicles (EVs). Toyota's board on Wednesday recommended that shareholders vote against the resolution, to be put to the company's annual general meeting in June. The move by the three funds, which collectively hold shares in the world's biggest automaker worth around $400 million, highlights the pressure new chief executive Koji Sato faces from green investors and climate activists over the company's environmental lobbying.
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