Toyota Plans $6.3bn Buyback As Weak Yen Boosts Outlook
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Toyota, the world’s biggest carmaker, plans to initiate a $6.3 billion share buyback. The company expects to sell more than 5 million hybrid electric vehicles this year.
The buyback comes as the weak yen has positively impacted Toyota's financial outlook, allowing for this significant investment in its own shares.
Toyota
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“World’s biggest carmaker expects to sell more than 5mn hybrid electric vehicles this year”
FT — Toyota plans $6.3bn buyback as weak yen boosts outlook