Dec 1, 2023 | Business
Toyota Motor Corporation (Toyota) has decided to sell a portion of its shareholdings in DENSO CORPORATION (DENSO).
Toyota has been restructuring its groupwide business with a “home & away” perspective since 2016. This is part of its transformation into a mobility company, stimulating mutual improvement through greater collaboration with highly specialized group companies. Amid these efforts, the core group companies of Toyota, DENSO, Toyota Industries Corporation, and Aisin Corporation have held extensive discussions and have come to an agreement that, to start, Toyota will sell a portion of its shares in DENSO. By effectively leveraging funds obtained through the sale, Toyota can boost capital efficiency and achieve further growth for the Group, while maintaining the capital ties that have sustained a strong relationship. DENSO will continue to strengthen the Toyota Group’s competitiveness as a leader in software. Toyota plans to use the generated capital to make growth investments focused on electrification, intelligence, and diversification initiatives.
Toyota also intends to carefully review its capital ties with other group companies on an individual basis, examining elements such as human resources, operations, culture, and business relationships while exploring the potential for strengthening competitiveness. The Group will continue working as one to drive Toyota’s transformation into a mobility company.
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Aug 5, 2021 | International
August 5, 2021 · Bonavista, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)
Atlantic Canada’s tourism industry is vital to the region’s economy and supports thousands of local jobs and businesses. That is why the Governments of Canada and Newfoundland and Labrador are investing in two non-profit organizations on the Bonavista Peninsula, to improve visitor activities in the area.
Federal and provincial government funding will help strengthen tourism
Today, Churence Rogers, Member of Parliament for Bonavista—Burin—Trinity, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA, along with the Honourable Andrew Parsons, Newfoundland and Labrador Minister of Industry, Energy and Technology, announced a total combined contribution of $1,759,529 to support two projects that will enhance popular tourism sites and attractions in the region.
· The Bonavista Histortic Townscape Foundation Inc. is receiving a non-repayable contribution of $998,489 from ACOA, along with a $485,790 investment from the Department of Industry, Energy and Technology. These investments support upgrades to the Alexander Bridge House and nearby street area. The project will improve public safety, offer a shared space for tourism operators and create a new, engaging visitor experience showcasing the region’s history and architecture.
· The Bonavista – Trinity Regional Chamber of Commerce is receiving a non-repayable contribution of $214,500 from ACOA, along with a $60,750 investment from the Department of Industry, Energy and Technology. These investments support initiatives that will help build a stronger brand for the Bonavista Peninsula’s tourism industry, extend the tourism season, and encourage visitors to stay in the area longer.
Today’s announcement further demonstrates the Government of Canada’s commitment to help the tourism sector build back better and create strong, resilient Atlantic Canadian communities.
May 23, 2021 | Business
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