Toyota Motor bumped up the size of its share buyback to 1.2 trillion yen, or $8.3B, as the world’s largest carmaker enjoys strong demand in its main markets of Japan, Europe and North America, Bloomberg’s Nicholas Takahashi reports. This means the company will likely buy back as much as 3.93% of its shares. The decision was based on “recent share price levels,” the company said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TM:
- Toyota, Volkswagen fall further behind rivals, FT reports
- U.S. to propose ban on Chinese software/hardware in connected cars, Reuters says
- EU new car registrations down 18.3% in August
- EU carmakers risk ‘billions of euros’ in emissions fines, FT reports
- Michigan union members blame Biden EV rules for auto layoffs, NY Post reports