Two Toyota firms merge
NZPA-Reuter Tokyo Toyota Motor Company, Ltd, and its selling arm, Toyota Motor Sales Company, Ltd, have signed a merger agreement to create the largest manufacturing company in Japan. The two companies will merge on July 1 this year, to form a new company called Toyota Motor Company, Ltd, with a capital of $502 million and expected annual sales of over $16.7 billion, a spokesman for the new company said.
The two firms were separated in 1950 on the advice of bankers who saw financial advantages in a division but now the two think they will fare better under one roof. The Toyota group last year manufactured 3.22 million vehicles and sold 1.72 million abroad. Under the agreement one Toyota sales company share will be exchanged for 0.75 of a Toyota Motor Company share.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19820317.2.126.23
Bibliographic details
Press, 17 March 1982, Page 30
Word Count
137Two Toyota firms merge Press, 17 March 1982, Page 30
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in