Toyota Motor is currently considering various options, including a partial investment, in a potential acquisition of Toyota Industries, a significant parts supplier. Speculations indicate a deal worth $42 billion; however, Toyota Industries has refuted receiving any direct proposal. This strategic move has the potential to unravel cross-shareholdings and enhance corporate governance practices, enabling Toyota Industries to concentrate on sustainable long-term development.
Toyota Motor considers partial investment in Toyota Industries for potential $42 billion buyout, aiming to enhance governance and growth.
China cuts minimum purchase for tax refunds to 200 yuan for tourists, aims to boost consumption with easier process.
