Toyota Ecosystem Strain
Toyota faces profit slumps and distributor layoffs while Jardine Cycle distributes shares and Mogo Auto auctions repossessed vehicles in Kenya.
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- MARKETJC&C proposes Toyota share distribution in rare in-specie move
Jardine Cycle & Carriage distributes 7.2 million Toyota shares, valued at US$0.36 each, alongside a US$0.73 cash dividend.
Channel NewsAsia - MARKETMogo Auto auctions 37 repossessed vehicles in Kenya
The sale of repossessed cars highlights the liquidity pressure on auto-finance borrowers in East Africa, where used combustion-engine models are retaining value better than EVs.
Channel NewsAsia - MARKETBorneo Motors lays off staff in restructuring as Toyota faces profit slump
The distributor's workforce cuts underscore the strain on Toyota's supply chain as the automaker prepares to report a fifth consecutive quarterly decline in operating profit.
Channel NewsAsia