TOKYO, Dec 27 (Reuters) - Japanese trading house Tomen Corp said on Friday it has asked UFJ Holdings Inc and other banks for 170 billion yen ($1.42 billion) in financial aid. Tomen, a debt-ridden affiliate of automaker Toyota Motor Corp , also said the Toyota group will inject 10 billion yen into the trading house to help it revive. Tomen will ask UFJ Bank, a core member of UFJ Holdings, and other banks for 110 billion yen worth of debt forgiveness and ask them to purchase 60 billion yen ...
Premium Content (PAID Subscription Required)
"Tomen seeks aid from UFJ, gets Toyota funds" 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- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.