Toyota, Matsushita in cross-shareholdings -paper

Newswire

TOKYO, June 26 (Reuters) - Toyota Motor Corp. and Matsushita Electric Industrial Co. have bolstered their cross-shareholding relationship in conjunction with their collaboration in the battery business, the Nikkei business daily said on Tuesday. Toyota, Japan's biggest automaker, took a 0.84 percent stake in consumer electronics maker Matsushita for 40 billion yen ($320 million) in the year ended in March, the paper said. Matsushita, which had a 0.57 percent stake in Toyota in the year ...

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