Toyota to buy out Toyota Auto Body, Kanto Auto Works units


TOKYO, July 13 (Reuters) - Toyota Motor Corp said on Wednesday it would buy out the remainder of Toyota Auto Body and Kanto Auto Works it does not already own through share swaps on Jan. 1 next year. The automaker also said it agreed to start talks to merge Kanto Auto Works, Central Motor and Toyota Motor Tohoku Corp with a target date of July next year. Toyota currently owns 56.3 percent of Toyota Auto Body and 50.4 percent of Kanto Auto Works. (Reporting by Chang-Ran Kim)

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