Now that Toyota Motor Corp. is listed on the New York Stock Exchange, it may have to act a little more like a U.S. company when it comes to courting shareholders. And that could mean spending some of its $22.6 billion cash reserve, Chairman Hiroshi Okuda admits. Mr. Okuda says Toyota has maintained its cash horde so it could self-finance its activities. “Some argue that you should just borrow from a bank,” Mr. Okuda says. “However, I believe it is better to retain cash ourselves, rather ...
Premium Content (PAID Subscription Required)
"Toyota May Spend to Satisfy Stockholders" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.