Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employees

11/24/2020 | 09:06pm EST
FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show

DETROIT (Reuters) - Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc's COVID-19 vaccine, a move aimed at ensuring the U.S. automaker's workers have access to vaccines when they are rolled out nationally.

Ford's purchase mirrors efforts by U.S. states and cities to buy equipment to store millions of doses of Pfizer's vaccine at temperatures of minus 70 Celsius (minus 94 Fahrenheit), significantly below the standard for vaccines of 2-8 C (36-46 F).

Health care providers and states are preparing for a new type of vaccines by Pfizer and Moderna Inc that require lower temperatures for storage.

"We're doing this so that we can make the vaccine available to our employees on a voluntary basis," Ford spokeswoman Kelli Felker said.

Details of how Ford will use the freezers, which are expected to be delivered by year end, are still being worked out, she said. Ford screens its workers in-plant and, if COVID-19 testing is required, has partnerships with local healthcare providers.

Assembly workers are considered essential in most states, but not at the top of the list for vaccines, which are expected to be distributed first to healthcare workers and nursing home residents.

Automakers have been largely able to avoid spread of the virus among hourly workers in their assembly plants after a two-month shutdown earlier in the year, but COVID-19 cases and hospitalizations are spiking in the United States, especially in the Midwest.

Felker did not know which company is supplying Ford with the freezers. Major manufacturers include Thermo Fisher Scientific Inc, PHC Corp of North America, Luxembourg's B Medical Systems, Stirling Ultracold and Helmer Scientific.

Some specialty freezer makers have warned of months-long waits for units.

Ford, which decided to buy the freezers on its own and is not working with other companies or states, did not disclose how much it spent, but the specialized freezers required by Pfizer's vaccine can cost $5,000 to $15,000 apiece, according to industry officials.

General Motors Co said it had not purchased freezers at this time. "We are taking steps to be prepared to make vaccines available to our employees when the time is right and vaccines are available to us," GM spokesman Patrick Morrissey said.

Fiat Chrysler Automobiles said it is studying the most effective approach to distributing vaccines to employees when they become available.

Officials at Toyota Motor Corp, and the United Auto Workers union, which represents most U.S. hourly workers at the Detroit automakers, did not have an immediate comment.

A Michigan Department of Health spokeswoman said the agency was not aware of companies seeking to buy these freezers. Lynn Sutfin said state officials surveyed healthcare providers and health departments and are aware of about 50 ultra-cold freezers in Michigan. State officials also have purchased another nine, she said.

(Reporting by Ben Klayman; Editing by Jonathan Oatis and Lisa Shumaker)

By Ben Klayman


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES N.V. 1.96% 12.872 Delayed Quote.-13.89%
FORD MOTOR COMPANY -0.75% 11.195 Delayed Quote.28.44%
GENERAL MOTORS COMPANY -2.31% 52.13 Delayed Quote.28.22%
MODERNA, INC. 3.36% 152.02 Delayed Quote.40.71%
PFIZER INC. 0.25% 37.3862 Delayed Quote.1.28%
THERMO FISHER SCIENTIFIC -2.13% 507.6735 Delayed Quote.10.48%
TOYOTA INDUSTRIES CORPORATION 1.64% 8680 End-of-day quote.5.98%
TOYOTA MOTOR CORPORATION 0.22% 7677 End-of-day quote.-3.52%
All news about TOYOTA MOTOR CORPORATION
02:17pELON MUSK : Tesla's report could trigger $7 billion payout to Musk
RE
07:06aNissan flips the switch on electric reboot in China
RE
01:28aJapan shares end lower on vaccine delay, caution ahead of earnings season
RE
01/25Japan stocks slip on vaccine worries, profit-taking ahead of earnings
RE
01/25TOYOTA MOTOR : Statement on Reported COVID-19 Infections at Toyota Work Sites
PU
01/25EXCLUSIVE : Taiwan ministry says TSMC will prioritise auto chips if possible
RE
01/24Taiwan ministry says TSMC will prioritise auto chips if possible
RE
01/24Volkswagen looks to claim damages from suppliers over chip shortages
RE
01/24Volkswagen looks to claim damages from suppliers over chip shortages -magazin..
RE
01/24Germany urges Taiwan to help ease auto chip shortage
RE
More news
Financials
Sales 2021 26 040 B 251 B 251 B
Net income 2021 1 523 B 14 692 M 14 692 M
Net Debt 2021 15 002 B 145 B 145 B
P/E ratio 2021 14,0x
Yield 2021 2,98%
Capitalization 20 970 B 202 B 202 B
EV / Sales 2021 1,38x
EV / Sales 2022 1,24x
Nbr of Employees 359 542
Free-Float 62,2%
Chart TOYOTA MOTOR CORPORATION
Duration : Period :
Toyota Motor Corporation Technical Analysis Chart | 7203 | JP3633400001 | MarketScreener
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 8 122,22 JPY
Last Close Price 7 500,00 JPY
Spread / Highest target 28,0%
Spread / Average Target 8,30%
Spread / Lowest Target -25,3%
EPS Revisions
Managers and Directors
NameTitle
Akio Toyoda President, CEO & Representative Director
Takeshi Uchiyamada Chairman
Kenta Kon Chief Financial Officer
Seiji Sakai Manager-Information Systems & IT Management
Masahito Maeda Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORPORATION-3.52%206 840
VOLKSWAGEN AG4.08%101 723
GENERAL MOTORS COMPANY28.22%76 418
DAIMLER AG-0.61%74 523
BMW AG-2.80%54 949
GREAT WALL MOTOR COMPANY LIMITED6.39%51 928