Toyota (NYSE: TM), Denso, and Toyota Industries (OTC: TYIDF) plan to offload 33.9M shares in Aisin, worth ~$1.11B. This strategic divestment signals a shift in asset allocation, affecting Aisin’s stock dynamics. Traders should watch Aisin’s price and trading volumes closely.
Toyota Motor Corp. reported a significant rise in annual profits and robust vehicle sales but projected a 28% drop in profit for the upcoming fiscal year, attributing the forecast to increased investments in technology and human capital.
