Toyota Motor considers partial investment in Toyota Industries in $42 billion buyout deal, aiming to enhance corporate governance.

Toyota Motor is considering various options, including a partial investment, for a potential buyout of Toyota Industries, a crucial parts supplier. Speculations hint at a massive $42 billion deal on the table, although Toyota Industries has refuted claims of a direct proposal. This strategic move has the potential to unravel cross-shareholdings and enhance corporate governance, enabling Toyota Industries to concentrate on sustainable long-term growth.

In Trend

China cuts minimum purchase for tax refunds to 200 yuan, increases maximum rebate to 20,000 yuan to boost tourism.

“India’s COVID-19 vaccination drive faces hurdles as states report vaccine shortage and halt inoculations.”

Leave a Reply

Your email address will not be published. Required fields are marked *