Aisin Seiki Co Ltd (7259.T)
9 Dec 2016
TOKYO Toyota Motor Corp on Wednesday appointed its president to lead their newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
TOKYO Toyota Motor Corp is setting up a new in-house unit to develop electric cars, offering its strongest endorsement yet of a technology it has not embraced wholly, as take up of a rival technology it pioneered remains slow.
* Toyota sees need to keep up with tighter global emissions rules
TOKYO, Nov 17 Toyota Motor Corp said on Thursday it would create a new in-house team to develop electric vehicles as the Japanese automaker speeds up its efforts to develop more of the lower-emission cars.
* Says it plans to buy back 1.5 million shares at 4,620 yen per share via N-NET 3 on Nov. 2
* Says it bought back 2.0 million shares for 9.54 billion yen in August and 981,300 shares for 4.72 billion yen in September
* Says co and co's U.S.-based unit Aisin Automotive Casting, LLC (defendants) reached settlement with automobile dealers and purchasers (plaintiffs) in U.S.
* Says it plans to buy back up to 10 million shares for up to 50 billion yen
* Aisin seiki says to buy back up to 3.46 percent of own shares worth 50 billion yen Source text for Eikon: Further company coverage: