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Toyota plans $4.7 billion sale of Denso stake as EV pivot looms

The sale of shares in Denso would mark the latest step by the automaker to cash in on stakes in affiliates as it ramps up production of electric vehicles. ....

Toyota Industries , Toyota Motor , Car Parts ,

Toyota selling part of Denso stake to raise cash to develop electric vehicles

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. The number of shares Toyota Motor Corp. plans to sell total more than 124 million shares, lowering its stake in Denso Corp. from 24.2% to 20%, while remaining the top stakeholder. ....

Yuri Kageyama , Masahiro Yamamoto , Toyota Industries , Toyota Motor Corp , Denso Corp , Toyota Motor , Electric Vehicles , Toyota Industries , Masahiro Yamamoto ,

Toyota group companies plan $4.7 bln sale of Denso stake: sources, ET EnergyWorld

Toyota Motor s portion will represent almost half of the roughly 10 per cent, with the total sale seen at about 700 billion yen ($4.7 billion) at current market prices, the two sources said. ....

Nobuhiro Kubo , Jamie Freed , Enso S , David Dolan , Daniel Leussink , Miho Uranaka , Tokyo Stock Exchange , Toyota Motor ,

Toyota group companies plan $4.7 billion sale of Denso stake: sources

TOKYO (Reuters) -Toyota Motor and two affiliates plan to sell about 10% of components maker Denso by year-end, a stake likely worth about $4.7 billion, sources familiar with the matter said. The sale of shares in Denso would mark the latest step by the world's top selling automaker to cash in on stakes in group companies as it ramps up production of fully electric vehicles, a capital-intensive endeavour that spans research and development to an overhaul of the factory floor. Toyota, Toyota Industries and Aisin will sell Denso shares worth a total of about 700 billion yen ($4.7 billion) at current market prices, the two sources said. ....

Daniel Leussink , David Dolan , Maki Shiraki , Miho Uranaka , Nobuhiro Kubo , Tokyo Stock Exchange , Jamie Freed , Miral Fahmy , Toyota Industries , Toyota Motor , Battery Electric Vehicles ,

Car Prices Are Too High, But Don't Blame The Autoworkers Strike

Also, Tesla gets another anti-union win, and GM is cutting back on self-driving Cruise spending after an accident. ....

New York , United States , Elon Musk , Joe Biden , Chris Hopson , Kyle Vogt , Kayla Blado , Daniel Kan , Detroit Free Press , Autopilot Department , Toyota Industries , Detroit Free , Japan Post Bank , National Labor Relations Board , Morning Shift , New Vehicles Are Too , United Auto Workers , Big Three , Tesla Beats Anti Union , Workers United , Detroit Three , Cruise Spending , From Reuters , Chief Product Officer Daniel Kan , Toyota Cutting Stake , National Labor Relations Board ,