Toyota spurns bank's advances TOKYO — Toyota Motor Corp. just says ‘no’ to pumping in funds to help save Sakura Bank, a fellow member of the Mitsui keiretsu, or corporate family group. The move is one of the first by a large industrial company to refuse support for an ailing banking ally, signaling a change in Japanese corporate culture. Toyota has its own problems, closing a car factory for the first time in its history, as auto sales remain stagnate amid the nation's worse recession in a ...

Premium Content (PAID Subscription Required)

"Printer-friendly" 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:

All of WardsAuto's reliable, in-depth industry reporting and analysis
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- andheavy-duty truck volumes
•Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.