Toyota now is in control with bigger Daihatsu stake
Article Abstract:
Toyota Motor Corp. increased its stake in Daihatsu Motor Co. Ltd. from 17% to 33.4% by buying 71.15 million Daihatsu shares. In increasing its stock ownership, Toyota has acquired veto power in Daihatsu. Toyota's controlling interest will spur its overseas operations by adding Daihatsu's mini-car to its product lines. Toyota will also be able to enter the Chinese market and probably capture the Vietnamese market through Daihatsu.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Investors drive Toyota volumes higher
Article Abstract:
Toyota Motor Corp.'s shares are expected to rise steadily despite panic-selling of futures that dropped the Nikkei Stock Average by 2.4%. Toyota shares rose to 3,230 yen in Dec. 20, 1996 after dropping to 3,130 yen per share earlier. Kaoru Kurata of Goldman Sachs Japan Ltd. expects Toyota shares to reach as much as 4,000 yen. With its domestic sales trend, Toyota may become the best-performing stock in its category in Mar. 1998.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Okuda, picked to run Toyota, plans big changes to rev up efficiency drive
Article Abstract:
Hiroshi Okuda has been appointed as Toyota Motor Corp.'s newest president, succeeding Tatsuro Toyoda who suffered a stroke in Feb. 1995. The decision is considered a milestone since the company has been led by a member of the Toyoda family since 1894. Okuda has major plans for the company which include hiring younger managers, increasing market share and possible closure of local factories.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Japan's insurers appear to be on steady ground. Investors in Tokyo cope with the dollar's decline. ING to open new unit in place of Barings Futures
- Abstracts: Hong Kong; don't call us. Dialing for dollars: opening markets drive global telephone alliances. Look who's talking: newcomers face huge risks as well as vast potential markets
- Abstracts: Chinese textile company spins tale of woe for investors. Rare opportunity in China. Poor earnings outlook hurts China stocks in Hong Kong
- Abstracts: Partners in profit: EU seeks to forge strong ties with Asia at summit. Just like the original: EU imposes penalties on Japanese photocopiers
- Abstracts: Facing new realities: politicians' spending clashes with need for fiscal discipline. Not to worry