Toyota Industries slumped as much as 13% Wednesday, after Toyota Group's reported 4.7 trillion yen ($33 billion) deal to take the company private. That includes a tender offer of $26 billion for shares of Toyota Industries at 16,300 yen apiece, according to Reuters, sharply lower than 18,400 yen on Tuesday before the deal was announced.
Shares of Japanese forklift operator Toyota Industries fell more than 12% on Wednesday, after a $33 billion take-private offer its parent, Toyota Motor , fell short of investor expectations.
Toyota Industries' shares have risen sharply since late April, when the company said it had received various proposals, including one to take the business private.
Toyota Industries Corp. has received a $33 billion proposal to go private, a move that could increase the influence of the Toyoda family within Japan's largest corporate group.
Toyota Industries is expected to accept the $42 billion takeover bid by Toyota Motor and other group companies as early as Tuesday, the Nikkei newspaper reported on Monday.
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Toyota said on Thursday its worldwide output and sales rose for a fourth consecutive month in April on strong demand for hybrid vehicles and rush buying in the United States over U.S. President Donald Trump's import tariffs.
Joby Aviation Inc (NYSE:JOBY) shares surged almost 30% after it closed a $250 million investment from Toyota Motor Corporation. The investment, the first tranche of a previously announced $500 million strategic investment, will support the certification and commercial production of Joby's electric air taxi.
Joby Aviation NYSE: JOBY saw its stock price climb sharply on May 28, 2025. This surge followed a major announcement that has clearly excited investors about the electric air taxi developer's future.
TM plans to shift GR Corolla output to the United Kingdom to ease North America's delays, investing $56 million in Derbyshire to boost supply amid high demand.
Joby shares jumped 13% after the maker of electric air taxis said it received $250 million from Toyota. The payment is part of a previously announced deal from the carmaker to invest $500 million in Joby to support certification and commercial production.
Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. The automaker plans to increase PHEVs from 2.4% last year to roughly 20% of its U.S. sales volume by 2030, according to company sources who were not allowed to speak publicly on the matter.