Toyota Motor Corp. is to increase its stake in a hybrid-vehicle-battery joint venture with Panasonic Corp. from the current 60% to more than 80.5%. As a condition of Panasonic's recent acquisition of Sanyo Electric Co. Ltd., Chinese authorities stipulated Panasonic must lower its ownership in the JV, Panasonic EV Energy Co. Ltd. Toyota is expected to increase its interest by purchasing shares from Panasonic and by buying new shares to be issued via a private placement that may total as ...
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