Mazda to issue new shares for Toyota to take stake: Nikkei

Mazda to issue new shares for Toyota to take stake: Nikkei

Jacky Naegelen

Toyota President Akio Toyoda and Mazda President Masamichi Kogai will hold a joint news conference as early as Friday to announce the deal, the paper said, without citing its sources.

The Nikkei earlier reported the plan for a capital alliance. Toyota and Mazda have said they would discuss cooperation at a board meeting Friday.

(Reporting by Tokyo Newsroom; Editing by Clara Ferreira Marques)

TOP READS FROM THE FISCAL TIMES