Latest news with #foundingFamily
Bloomberg
3 days ago
- Automotive
- Bloomberg
For Toyota, More Akio Would Be a Good Thing
Akio Toyoda, the scion of Toyota Motor Corp.'s founding family and former chief executive officer, generally seems to prefer being behind the wheel of a car than being in the spotlight. But with the $33 billion buyout of Toyota Industries Corp. announced on Tuesday, along with his personal investment, he might be making a corporate comeback. That would be a good thing, regardless of what the critics say.
Bloomberg
4 days ago
- Business
- Bloomberg
Toyota Industries Board to Discuss $42 Billion Buyout Proposal
Toyota Industries Corp. said its board will evaluate a buyout proposal that will take the company private, a move that will strengthen the founding family's grip over Japan's biggest business empire. A group led by Toyota Motor Corp. Chairman Akio Toyoda is seeking to acquire the subsidiary for ¥6 trillion ($42 billion), people familiar with the matter said last month. Toyota Industries issued a statement on Tuesday in response to reports that the deal will be announced, saying that no specific decisions have been made public.
