Toyota group doesn't 'belong to founding family,' chair says on buyout

Akio Toyoda emphasizes restoring identity in Toyota Industries deal

20250606N Akio Toyoda

Toyota Motor Chairman Akio Toyoda has personally invested about $7 million in the special-purpose company set to take Toyota Industries private. (Toyota Motor)

TAKAYUKI YAO

NAGOYA, Japan -- Toyota Motor Chairman Akio Toyoda said he is personally investing in the buyout of supplier Toyota Industries to help the group "regain its identity," but "that doesn't mean the Toyota group now belongs to the founding family."

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