Toyota and JTEKT to consider transfer of Yutaka Seimitsu Kogyo shares to JTEKT

Toyota Motor Corporation and JTEKT Corporation agreed to start consideration toward the transfer of Toyota-owned shares of Yutaka Seimitsu Kogyo to JTEKT by January 2020. The aim is to strengthen competitiveness in driveline operations, including drive components, gear manufacturing, and gear processing machinery.

“The aim of transferring such shares is to further strengthen the competitiveness of Toyota and JTEKT's main driveline operations.”global.toyota

• 3 sources
• global.toyotaToyota and JTEKT to Start Consideration Toward Transfer of Toyota-owned Shares of Yutaka Seimitsu Kogyo to JTEKT | Corporate | Global Newsroom | Toyota Motor Corporation Official Global WebsiteTOYOTA MOTOR CORPORATION.Jul 10, 2019
• just-auto.comJTEKT to acquire 100% stake in Toyo Seimitsu - Just AutoSam DukeJul 16, 2019
• seisanzai-japan.comJTEKT will acquire all shares of auto parts manufacturer from Toyota Motor | Industry and Manufacturing News Archive | SEISANZAI JapanSep 20, 2019

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