NAGOYA, Japan -- A bid to take Toyota Industries private backed by Toyota Motor Chairman Akio Toyoda's own money will increase the founding family scion's influence over a company that holds stakes in many of the automotive group's most important members.
Automobiles
Toyota chairman to tighten grip on group with Toyota Industries buyout
Deal will ease decision-making but risks concentrating power
Toyota Chairman Akio Toyoda is becoming the central figure in Toyota group. (Photo by Mayumi Tsumita)
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