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Toyota

November 27, 2015

Camargo sisters sell maker of Havaianas sandals; Toyota global leader in car sales; and Tod’s acquires Roger Vivier for $441 million

Camargo sisters sell maker of Havaianas sandals

Brazilian engineering company Camargo Corrêa, controlled by the billionaire Carmargo sisters, has revealed it is selling the maker of Havaianas flip-flops to J&F Investimentos SA for 2.7 billion reais ($718 million).

May 8, 2015

Holcim and Lafarge sell assets to win US backing; Esther Koplowitz secures stake in FCC; and Toyota posts record profit

Holcim and Lafarge sell assets to win US backing

Swiss family-owned cement maker Holcim and French counterpart Lafarage have agreed to sell several plants and terminals in the US and Canada, setting the stage for their impending merger.

The sale of assets in the US and Canada will help the two firms win regulatory approval for the $46 billion merger, which will create the largest cement manufacturer in the world.

October 24, 2014

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant 

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant

Toyota sells part of its Tesla stake

Toyota Motor Corp, owned by the Toyoda family, has sold part of its stake in US carmaker Tesla, as it bets on fuel cell vehicles to drive growth.

September 18, 2013

Eiji Toyoda, who helped transform Toyota Motor Corp into the world’s largest carmaker, has died in Japan at the age of 100.

Eiji Toyoda, who helped transform Toyota Motor Corp into the world’s largest carmaker, has died in Japan at the age of 100.

A cousin of the automaker’s founder, Toyoda joined the company in 1936 – fresh from his graduation from a mechanical engineering degree. He went on to serve as president from 1967 to 1981, and then served as chairman until 1994.

He remained an honourary adviser at Toyota right up until his death. He died at a hospital set up by the Toyota City-based company in 1938 for its factory workers.

July 5, 2013

The third-gen president of Toyota has undergone an image makeover to give the Japanese car brand a much-needed injection of cool.

The third-gen president of Toyota has undergone an image makeover to give the Japanese car brand a much-needed injection of cool.

Toyota – famed for the dependability of its cars rather than the sex appeal of its brand – suffered a major blow to its main selling point when a series of manufacturing errors in 2009 led to the recall of millions of cars.

August 3, 2012

It’s not been the best of weeks for Asian business magnet Li Ka-shing, whose flagship companies Cheung Kong and Hutchison Whampoa both reported mixed results, but a number of other family businesses, including Toyota, have fared better. 

It’s not been the best of weeks for Asian business magnet Li Ka-shing, whose flagship companies Cheung Kong Holdings and Hutchison Whampoa both reported mixed results, but a number of other family businesses, including Toyota, have fared better.

At Cheung Kong, six-month revenues were 32% lower at HK$17.72 billion (€1.85 billion), compared to HK$26.1 billion during the same period last year. The company, controlled by Li and his family, blamed a slower-than-expected Chinese housing market.

July 3, 2012

Casino, the French retail giant, took over two family-controlled grocery chains in recent weeks, while Mexican family business Grupo Modelo was sold and billionaire Carlos Slim bought shares in two European telecommunications companies.

Casino, the French retail giant, took over two family-controlled grocery chains in recent weeks, while Mexican family business Grupo Modelo was sold and billionaire Carlos Slim bought shares in two European telecommunications companies.

May 9, 2012

Three family businesses in Europe and Brazil have reported strong quarterly results this week, while Italian media conglomerate Mediaset and Japanese carmaker Toyota have seen their profits plummet.

Three family businesses in Europe and Brazil have reported strong quarterly results this week, while Italian media conglomerate Mediaset and Japanese carmaker Toyota have seen their profits plummet.

In Germany, Henkel, the consumer goods company controlled by the eponymous family, said on 9 May that net profit increased by 30.3% to €378 million during the first quarter of the year, from €290 million during the same period last year.

August 23, 2011

The families behind carmakers Ford and Toyota are teaming up to develop fuel-efficient hybrid vehicles, as the companies aim to increase their presence in the growing green-vehicle market.

The families behind carmakers Ford and Toyota are teaming up to develop fuel-efficient hybrid vehicles, as the companies aim to increase their presence in the growing green-vehicle market.

A joint statement released by the American and Japanese automobile manufacturers said that a memorandum of understanding has been signed between the two companies, aimed at pooling together technology and know-how to co-develop a hybrid system for trucks and SUVs.

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