Toyota Group to Privatize Toyota Industries for $33 Billion
Akio Toyoda in 2022. (Akio Kon/Bloomberg News) The Toyota group’s proposal to privatize Toyota Industries Corp. is drawing criticism from investors and analysts, who argue the 4.7 trillion yen ($33 billion) deal significantly undervalues the company and risks alienating shareholders with what many view as an unpalatable transaction. The planned ...more
Nikola to Shift Battery Manufacturing to Arizona
Nikola Corp. announced it is moving its battery manufacturing to its Coolidge, Ariz., manufacturing facility from Cypress, Calif. The move, ...more