Toyota Motor, the world’s largest automaker by sales, announced on Monday that it would expand its battery electric vehicle (BEV) line-up in Europe to six models by 2026, aiming to capture more than 20% of the new car market in the region with its zero-emission vehicles. The Japanese company, which has long been a leader…
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Toyota and affiliates to sell $4.7 billion stake in Denso
Toyota Motor and two of its group companies plan to sell about 10% of their shares in Denso, a major supplier of automotive components, by the end of the year, Reuters reported on Tuesday. The stake is worth about $4.7 billion at current market prices, making it the second-largest share offering in Japan this year…