Toyota Motor Corporation announced on June 3, 2025, a recall of 443,000 Tundra pickups due to reverse light failures. The issue stems from moisture intrusion in the light assemblies caused by adhesive separation on a vent patch.
Concurrently, Toyota is moving forward with plans to take its key supplier, Toyota Industries, private in a deal valued at approximately $33 billion. This buyout, reportedly proposed by Chairman Akio Toyoda, aims to strengthen governance and foster collaboration within the Toyota Group.
Toyota Fudosan, a company held by Toyota Group entities, is set to invest around 180 billion yen ($1.25 billion) to facilitate this collaboration. The privatization move coincides with Toyota's efforts to restore trust following regulatory scandals at its subsidiaries, indicating a strategic restructuring to enhance group cohesion and oversight.
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