Content area
Full text
TOKYO - Toyota Motor Corp. is pulling Yamaha Motor Co., maker of motorcycles and performance automobile engines, into its fold.
Toyota will buy a 5 percent stake in Yamaha Motor from Yamaha Corp., which owns 33.3 percent of Yamaha Motor. Toyota thus will become Yamaha Motor's second-largest shareholder, at a cost of about Y10.5 billion, or about $100 million at current exchange rates.
This investment and a similar investment in Toyota shares by the two Yamaha concerns aim to strengthen the companies' cooperation...