Toyota
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Toyota to Take Toyota Industries Private in $33 Billion Deal, Triggering Shareholder Backlash
Toyota Motor will take its key affiliate Toyota Industries private in a $33 billion deal, a landmark transaction that unwinds decades of cross-shareholding and strengthens the founding Toyoda family's grip on Japan's most powerful corporate group. The buyout, announced Tuesday, includes a tender offer of ¥16,300 per share, representing an 11% discount to Toyota Industries' closing price before the deal was made public. Toyota Motor will take its key affiliate Toyota Industries private in a $33 billion deal, a landmark transaction that unwinds decades of cross-shareholding and strengthens the founding Toyoda family's grip on Japan's most powerful corporate group. The buyout, announced Tuesday, includes a tender offer of ¥16,300 per share, representing an 11% discount to Toyota Industries' closing price before the deal was made public. -
Toyota Industries Shares Soar on Potential $42 Billion Takeover Proposal by Toyota Motor
Shares of Toyota Industries Corp. surged Monday following reports that Toyota Motor Corp. is exploring a potential buyout of the critical parts supplier in a deal that could be valued as high as 6 trillion yen ($42 billion). Shares of Toyota Industries Corp. surged Monday following reports that Toyota Motor Corp. is exploring a potential buyout of the critical parts supplier in a deal that could be valued as high as 6 trillion yen ($42 billion). -
Toyota Revises Down 2026 Global EV Output by 30%, Citing Market Slowdown
Shift in electric vehicle strategy comes as global demand softens, impacting automaker's ambitious targets. Shift in electric vehicle strategy comes as global demand softens, impacting automaker's ambitious targets. -
Toyota and Other Japanese Automakers Face Deepening Scandal Over Testing Irregularities
Toyota Motor Corp. and four other Japanese automakers have admitted to falsifying testing data or conducting improper tests on vehicles, leading to halted shipments and shaken consumer trust. The revelations have triggered a government investigation and cast a shadow over the country's reputation for meticulous quality control in manufacturing. Toyota Motor Corp. and four other Japanese automakers have admitted to falsifying testing data or conducting improper tests on vehicles, leading to halted shipments and shaken consumer trust. The revelations have triggered a government investigation and cast a shadow over the country's reputation for meticulous quality control in manufacturing. -
Toyota Unveils Next-Gen Engines Amidst Global Shift Towards Electrification
Toyota Motor Corporation, the world's largest automaker by volume, showcased its next-generation engines on Tuesday, aiming to meet tougher emissions standards and maintain its competitive edge amidst the global shift towards electrification. Toyota Motor Corporation, the world's largest automaker by volume, showcased its next-generation engines on Tuesday, aiming to meet tougher emissions standards and maintain its competitive edge amidst the global shift towards electrification. -
Toyota Leads Japan's Biggest Wage Hikes in 25 Years, Paving Way for BOJ Policy Shift
Toyota Motor has agreed to give its factory workers their biggest pay increase in 25 years. Toyota Motor has agreed to give its factory workers their biggest pay increase in 25 years. -
Toyota, Foxconn Stop Operations In China Due To Heatwaves
Around 20 steel mills have also ceased production as a result of power restrictions. Around 20 steel mills have also ceased production as a result of power restrictions. -
Toyota Reopens Plant in Changchun, China As COVID-19 Regulations Ease
China's auto sales fell 11.7% year on year in March after the country implemented strict lockdowns to contain the spread of the extremely contagious variant of Omicron. China's auto sales fell 11.7% year on year in March after the country implemented strict lockdowns to contain the spread of the extremely contagious variant of Omicron. -
Toyota Nearing EV Tax Credit Cap For U.S. Electric Car Buyers
Toyota estimates that it would reach the 200,000-vehicle limit for tax credits by the end of June. Toyota estimates that it would reach the 200,000-vehicle limit for tax credits by the end of June. -
Japan Investigated Russian Involvement In Toyota Supplier Cyberattack
Toyota's plastic parts and electronic components supplier, Kojima Industries Corp, confirmed that it was hit by a cyber attack. Toyota's plastic parts and electronic components supplier, Kojima Industries Corp, confirmed that it was hit by a cyber attack.