Toyota buys $5.2 billion worth of shares from Japanese banks
,insurers 2024-07-27 Toyota Motor Corp. will buy back 806.8 billion yen ($5.2 billion) worth of shares from major Japanese banks and insurance companies to reduce the strategic holdings of financial partners, Bloomberg reported. Toyota said in a statement, Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Tokio Marine Holdings Inc. and MS&AD […]
Porsche cuts its outlook
Due to the flooding of an aluminum supplier’s production facilities, the company now expects its 2024 sales to be between 39 billion and 40 billion euros (about $43.56 billion). Before that, the company expected its revenue this year to be between 40 billion and 42 billion euros. Porsche said the supply shortage has affected the […]