The majority of the Toyota-TAMATIONS has strengthened the grandson of the company founder, Akio Toyoda (69), against the criticism of some shareholders in the plans to take over the supplier Toyota Industries. They again elected Toyoda as the head of the administrative head (Chairman), the Japanese car manufacturer announced on Thursday. How high their consent was remained open. A year ago, he was elected chairman of the committee with 72 percent.
Toyota wants to take its supplier Toyota Industries off the stock exchange and bring it to the wing of the founding family. Toyoda offers around $ 33 billion to take the manufacturer of engines, forklifts and batteries from the market. The price per share of 16,300 yen underestimates the inner value of the supplier and rather strengthen the control of the founding family, some foreign shareholders criticized. Toyota defended the project.
The takeover enables Toyota Industries to deepen cooperation with group companies without having to take care of short -term winning goals.