Toyota now is in control with bigger Daihatsu stake

Article Abstract:

Toyota Motor Corp. increased its stake in Daihatsu Motor Co. Ltd. from 17% to 33.4% by buying 71.15 million Daihatsu shares. In increasing its stock ownership, Toyota has acquired veto power in Daihatsu. Toyota's controlling interest will spur its overseas operations by adding Daihatsu's mini-car to its product lines. Toyota will also be able to enter the Chinese market and probably capture the Vietnamese market through Daihatsu.

Investments, Daihatsu Motor Company Ltd.

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Investors drive Toyota volumes higher

Article Abstract:

Toyota Motor Corp.'s shares are expected to rise steadily despite panic-selling of futures that dropped the Nikkei Stock Average by 2.4%. Toyota shares rose to 3,230 yen in Dec. 20, 1996 after dropping to 3,130 yen per share earlier. Kaoru Kurata of Goldman Sachs Japan Ltd. expects Toyota shares to reach as much as 4,000 yen. With its domestic sales trend, Toyota may become the best-performing stock in its category in Mar. 1998.

Securities

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Okuda, picked to run Toyota, plans big changes to rev up efficiency drive

Article Abstract:

Hiroshi Okuda has been appointed as Toyota Motor Corp.'s newest president, succeeding Tatsuro Toyoda who suffered a stroke in Feb. 1995. The decision is considered a milestone since the company has been led by a member of the Toyoda family since 1894. Okuda has major plans for the company which include hiring younger managers, increasing market share and possible closure of local factories.

Officials and employees, Appointments, resignations and dismissals, Okuda, Hiroshi

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