Toyota Motor raises buyout offer to over $35 b

Tuesday, 20 January 2026 05:20 - - {{hitsCtrl.values.hits}}

Toyota Motor has sweetened the tender offer price for buying out the carmaker by more than 15% to over $35 billion.

Toyota Motor said it had raised the buyout offer for the group company to 18,800 yen ($118.11) per share, from 16,300 yen apiece announced in June last year, advancing plans to take the company private.

Last year, Toyota Motor had sought to acquire Japan’s largest corporate group for 4.7 trillion yen. The deal included 1 billion yen from chair Akio Toyoda, and Toyota Motor’s investment of about 700 billion yen in non-voting preferred shares.

In December, Toyota Industries said it had asked for a higher price, citing concerns that the deal’s chances of success were limited.

Toyota Industries, which founded Toyota Motor, produces a range of products including forklifts, engines, electronic components, and stamping dies.

In its latest sales and production report, Toyota Motor’s global output slid 5.5% to 821,723 units in November, marking the first year-on-year decline in six months. Global sales also fell 2.2% year-on-year, with the company reporting that sales in China fell after the country scaled back on purchase subsidies in certain regions.

The automaker flagged a substantial hit from U.S. tariffs, projecting a 1.45 trillion yen (over $9 billion) impact for its financial year ending March.

Toyota Motor last November announced it would invest $912 million across U.S. manufacturing facilities in five Southern states, part of a broader plan to spend up to $10 billion in the U.S. by 2030.