- Reuters
Toyota Group suppliers Denso, Aisin scale back cross-shareholdings, filing shows
Two of Toyota's top suppliers, Denso and Aisin, have sold off holdings in several Toyota-affiliated companies, regulatory filings showed on Thursday, in the latest reduction of cross-shareholding across the sprawling automotive group. Denso, one of the world's largest makers of automotive components, had sold off its stakes in Toyota Group companies Toyota Boshoku Toyota Tsusho, Toyoda Gosei and Hino Motors, among others, as of the financial year that ended in March, a filing showed. Aisin had also reduced its stakes in those companies to zero, as well as sold off its Denso stake, according to a separate filing.
- Reuters
Toyota's chairman sees shareholder backing slide to 72% amid governance concerns
TOKYO (Reuters) -Shareholder backing for Toyota Chairman Akio Toyoda slid for a second straight year, results from its annual general meeting showed on Wednesday, with his support rate dropping to 72% amid certification scandals and governance concerns. The result marks the lowest level of backing for Toyoda, the grandson of the company's founder, since the world's largest automaker started disclosing the breakdown of shareholder votes in 2010. It is likely to be seen as an embarrassing rebuke for one of the giants of corporate Japan, where traditionally executives are re-elected to boards with overwhelming support.
- Zacks
Toyota Motor Corporation (TM) Stock Drops Despite Market Gains: Important Facts to Note
In the most recent trading session, Toyota Motor Corporation (TM) closed at $194.14, indicating a -0.54% shift from the previous trading day.
