ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Toyota to buy Chinese auto-leasing business from SK Group

Automaker's financing arm to tap market growth with $45m purchase

A Toyota exhibit at a Shanghai auto show: The Chinese car market is seen remaining on a growth track

NAGOYA -- Toyota Motor will acquire South Korean conglomerate SK Group's car leasing business in China to fuel its expansion in the world's biggest auto market.

Financing subsidiary Toyota Financial Services will buy the entire stake in Beijing-based SK Auto Service for an estimated 5 billion yen ($45.5 million), aiming to close the deal by month's end.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more