Toyota Motor mulls investment in Toyota Industries for $42 billion buyout, aiming to enhance governance and growth.

Toyota Motor is considering various options for a potential buyout of Toyota Industries, one of its key parts suppliers, which could involve a partial investment. Speculations are rife about a $42 billion deal, although Toyota Industries has denied receiving a direct proposal. This move is seen as a step towards unwinding cross-shareholdings and enhancing corporate governance, enabling Toyota Industries to concentrate on long-term growth strategies.

In Trend

China cuts minimum purchase for tax refunds, aims to boost tourism and consumption with simplified process.

“India’s renewable energy capacity set to double by 2024, says government report”

Leave a Reply

Your email address will not be published.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