UPDATE 1-Toyota, Matsushita Elec raise cross-shareholdings

Newswire

(Adds background, share moves) TOKYO, June 26 (Reuters) - Toyota Motor Corp. and Matsushita Electric Industrial Co. have bolstered their cross-shareholdings as they attempt to solidify their business ties, which now centre on producing batteries for hybrid cars. According to a securities filing by Toyota on Monday, the world's biggest automaker owned 20.7 million shares in the Japanese electronics maker, or a 0.84 percent stake, as of the end of last business year on March 31. Toyota ...

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