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Toyota Industries sinks after parent's takeover bid misses expectations
Toyota Industries sinks after parent's takeover bid misses expectations

CNA

time2 days ago

  • Business
  • CNA

Toyota Industries sinks after parent's takeover bid misses expectations

TOKYO :Shares of Japanese forklift operator Toyota Industries fell more than 12 per cent on Wednesday, after a $33 billion take-private offer its parent, Toyota Motor, fell short of investor expectations. Toyota Motor will take Toyota Industries private in a complex 4.7 trillion yen ($33 billion) deal, offering 16,300 yen a share for Toyota Industries. The offer price was well below the closing price of 18,400 yen on Tuesday, before the deal was announced. Shares of Toyota Industries were down 12.3 per cent in morning trade in Tokyo at 16,135 yen. Media reports had indicated the tender offer would be around $42 billion, which would represent a substantial premium to the actual offer.

Hamilton steel processing company fined $200K after death of worker hit by forklift
Hamilton steel processing company fined $200K after death of worker hit by forklift

CBC

time6 days ago

  • Business
  • CBC

Hamilton steel processing company fined $200K after death of worker hit by forklift

A Hamilton steel processing company has been fined $200,000 after a worker was hit by a forklift and died in 2022. Janco Steel Ltd. pleaded guilty in provincial offences court in April for failing to ensure a signaller was directing the forklift operator, who didn't have a full view of the area — a violation of the Occupational Health and Safety Act, said a Ministry of Labour court bulletin released Thursday. Justice of the Peace Butany-Goyal ordered the company to pay the fine plus a 25 per cent victim surcharge on April 2, 2025. Janco Steel director Rick Nordeman said in an email Friday that the company's culture is "rooted in safety." "The tragedy was devastating to the worker's family first and foremost, but also to his work family who cared for him deeply and continue to grieve his loss," Nordeman said. "We continue our relentless pursuit of safety through rigorous training and supervision." On the morning of April 26, 2022, the worker was at Janco Steel's Stoney Creek location, operating an overhead crane and offloading a large steel coil from a transport truck to a weight scale, the ministry said. Hamilton police previously said the worker was a 36-year-old man. "While performing the tasks and looking up at the load, the worker walked backwards into an interior driveway where a large industrial forklift was travelling," it said. The forklift operator, who was driving two to three kilometres per hour, didn't see the worker, the ministry said. Another worker yelled out, and the forklift operator immediately stopped. "But the forklift had already fatally struck" the worker operating the overhead crane, said the ministry. First responders tried to resuscitate the worker, who had life-threatening injuries, but he died shortly after arriving at West Lincoln Hospital, Hamilton paramedics said in 2022. The incident could have been avoided if Janco Steel had ensured another worker was on the ground to direct the forklift, said the ministry. In 2018, the company was fined $150,000 after a steel coil crushed a worker, killing him in 2016.

Moment ‘drunk' forklift driver goes on rampage by flipping cars & smashing them to bits in front of horrified onlookers
Moment ‘drunk' forklift driver goes on rampage by flipping cars & smashing them to bits in front of horrified onlookers

The Sun

time6 days ago

  • General
  • The Sun

Moment ‘drunk' forklift driver goes on rampage by flipping cars & smashing them to bits in front of horrified onlookers

THIS is the moment a forklift driver embarked on a terrifying rampage that saw multiple vehicles smashed to bits. An allegedly "drunk" man has been arrested following the incident last night where a motor was flipped upside down. 4 Devon and Cornwall Police responded to multiple calls in Newton Abbot, Devon, as witnesses reported seeing a forklift damaging vehicles near an industrial estate. According to witnesses the forklift began lifting one vehicle with people still inside. But said they were able to escape before it was flipped. One witness said: "I was doing some fishing there - we normally park on that road. "I saw a forklift in front of us, and suddenly, it started lifting this car with a father and son inside. "They jumped out of the car before the forklift was able to flip it over, and he smashed up the car. "I believe that was one of four cars that was targeted." Video footage initially shows the forklift tipping a car upside down before it crashes to the ground as astonished bystanders looked on. The video then shows the forklift smashing into another vehicle before a police car arrives on the scene. Officers can be seen trying to prevent the forklift smashing into the car between Forde Road and Quay Road in the Devon town. They then approach the forklift as debris from the damaged motors is scattered across the street. Devon and Cornwall Police confirmed the arrest of a man in his 50s. Shocking moment 'two drunk idiots' tip over prize classic car parked in street during 4am rampage as owner vows revenge A spokesperson said: "We received numerous calls from members of the public at around 9.40pm on Thursday 29 May following a report of a forklift driving through Queen Street and Quay Road, Newton Abbot, damaging a number of vehicles. "Officers attended and arrested a suspect. "A man in his 50s from Newton Abbot was arrested on suspicion of dangerous driving, driving whilst unfit through drink and criminal damage. "He remains in police custody at this time." 4 4 Although a total number is not clear, it is thought that up to five motors were caught up in the rampage. Thousands of pounds' worth of damage was inflicted. A spokesperson for Newton abbot Fire Station said they had been called to deal with a fuel leak from a car in the Brunel Industrial Estate. They said they discovered "an unusual road traffic collision being managed as a police incident, involving a forklift and a private motor vehicle." They also added that "all persons were free and clear of the vehicle and were uninjured on the scene". Firefighters removed the fuel from the area and isolated the battery of the car so it was safe to move.

Shocking moment 'drunk' forklift driver flips car upside down 'with father and son still in it' in terrifying wrecking spree
Shocking moment 'drunk' forklift driver flips car upside down 'with father and son still in it' in terrifying wrecking spree

Daily Mail​

time6 days ago

  • General
  • Daily Mail​

Shocking moment 'drunk' forklift driver flips car upside down 'with father and son still in it' in terrifying wrecking spree

An allegedly 'drunk' forklift driver picked up and flipped a car upside down while father and son were still in it, shocking video footage shows. Police were called to Newton Abbot, Devon, last night after witnesses reported seeing the forklift damaging vehicles near the Brunel Industrial estate. Footage captured by a bystander shows the vehicle being lifted upside down and then being dropped to the ground, causing extensive damage. The father and son could be seen trying to reason with the driver to no avail at around 9.40pm. The car was left with smashed windows and severe damage to the front, back and roof. According to witnesses, the father and son managed to escape before the forklift dropped it. After dropping it to the ground, causing extensive damage, the man then picked up the car again and flipped it back over. Another video shows police attempting to stop the forklift smashing into another car between Forde Road and Quay Road in the Devon town. Devon and Cornwall Police confirmed that a man in his 50s has since been arrested on suspicion of dangerous driving, driving whilst unfit through drink and criminal damage. One witness said: 'I was doing some fishing there - we normally park on that road. 'I saw a forklift in front of us, and suddenly, it started lifting this car with a father and son inside. 'They jumped out of the car before the forklift was able to flip it over, and he smashed up the car. 'I believe that was one of four cars that was targeted.' Devon and Cornwall Police said: 'We received numerous calls from members of the public at around 9.40pm on Thursday 29 May following a report of a forklift driving through Queen Street and Quay Road, Newton Abbot damaging a number of vehicles. 'Officers attended and arrested a suspect. 'A man in his 50s from Newton Abbot was arrested on suspicion of dangerous driving, driving whilst unfit through drink and criminal damage. 'He remains in police custody at this time.' A spokesperson for Newton Abbot Fire Station said: 'Last night, one crew from Newton Abbot fire station was mobilised to reports of a fuel leak in the Brunel industrial estate area coming from a vehicle. 'Upon our arrival, crews encountered an unusual RTC (Road Traffic Collision) being managed as a Police incident, involving a forklift and a private motor vehicle. 'All persons were free and clear of the vehicles and were uninjured on scene. Crews utilised a variety of oil absorbent blue pads to absorb the fuel that had leaked from the vehicle. 'We also used a putty substance known as Dammit to steam the fuel leak ready for recovery. In order to ensure the vehicle was safe to move, crews also used small tools to isolate the battery of the vehicle. 'Crews awaited recovery alongside our Police colleagues, then assisted with the cleaning up of any remaining debris and fluids. This was to ensure the roadway remained safe moving forward from this incident.'

Man arrested after forklift hits multiple vehicles in Newton Abbot
Man arrested after forklift hits multiple vehicles in Newton Abbot

BBC News

time6 days ago

  • General
  • BBC News

Man arrested after forklift hits multiple vehicles in Newton Abbot

A man has been arrested after multiple vehicles were damaged by a forklift truck in a Devon town, police have and Cornwall Police said it had received numerous calls at about 21:40 BST on Thursday about a forklift truck damaging up to five vehicles as it was driven along Queen Street and Quay Road in Newton Abbot. The force said officers had arrested a man in his 50s on suspicion of dangerous driving, drink-driving and criminal man was currently in custody, officers said.

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