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Toyota Motor

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business17 hours ago•2 min saved

Toyota Motor Boosts Takeover Bid for Toyota Industries, Sending Shares to Fresh High

Toyota Motor raised its bid for Toyota Industries to 18,800 yen per share (about $118), valuing the group at over $35 billion and sending Toyota Industries’ stock to a record high as investors bet the deal will proceed, though the offer sits within the independent adviser’s valuation range. The plan aims to take Toyota Industries private and follows last year’s target of about 4.7 trillion yen, with components including 1 billion yen from Akio Toyoda and roughly 700 billion yen in non-voting preferred shares.

via CNBC|

#business #mergers-and-acquisitions #record-high-shares

business7 months ago•1 min saved

Toyota Industries' Shares Drop Amid $33 Billion Buyout Offer

Toyota Industries has received a $33 billion buyout offer from group companies, involving a tender for shares at a price below the current market, with plans to establish a new holding company and strengthen the Toyoda family's control over the company.

via The Japan Times|

#akio-toyoda #business #buyout

business7 months ago•0 min saved

Toyota Industries to accept $42bn takeover bid

Toyota Industries is expected to accept a $42 billion takeover bid from Toyota Motor and other group companies, which will take the company private, following pressure from activist investors.

via Nikkei Asia|

#business #merger #private-company

business2 years ago•3 min saved

"Coinbase, SoFi, DoorDash, and More: Midday Stock Movers"

Toyota Motor's shares rose after reporting a revenue beat in the fiscal first quarter, while Coinbase's shares dropped after a federal judge ruled that some crypto assets are securities. ResMed saw its stock advance after an upgrade by RBC, and Gap and American Eagle shares were upgraded by Barclays. DoorDash shares tumbled ahead of its quarterly earnings announcement, and ZoomInfo Technologies' stock plummeted after reporting a weak revenue outlook. JetBlue Airways' shares fell after cutting its 2023 outlook, and Zebra Technologies' stock slid following disappointing results. Norwegian Cruise Line and Carnival shares plunged after their third-quarter guidance missed estimates, while Rockwell Automation and Monolithic Power Systems' stocks fell after disappointing earnings reports. Molson Coors Beverage shares dropped after reporting mixed quarterly results, while Leidos Holdings' shares rallied after beating analyst estimates. Eaton Corporation's shares increased after beating expectations, and Global Payments' shares jumped following its second-quarter earnings announcement.

via CNBC|

#business #coinbase #doordash

automotive2 years ago•1 min saved

Cox Automotive Predicts Strong Sales Growth for Tesla, Rivian, and Lucid in H1 2023

Cox Automotive predicts that General Motors will remain the top automaker in terms of new vehicle sales in the first half of 2023, followed by Toyota Motor and Ford Motor. Total new vehicle sales volume is expected to rise by 11.6% year-over-year, reaching 7.65 million units in the first half. Cox also forecasts significant sales growth for electric vehicle manufacturers such as Tesla, Rivian, and Lucid Motors, with Tesla projected to deliver 329,137 units by the end of the first half. Cox estimates that total battery electric vehicle sales will exceed 500,000 units in the first half of 2023.

via Benzinga|

#automotive #cox-automotive #electric-vehicle-sales