Tag Archives: logistics

CJPT expels Hino over Emission Data Certification Fraud

Posted on 24 August 2022 by Ken Zino

In a move that appears to be an attempt to isolate Hino’s owner Toyota from the ongoing legal and other liabilities in the matter that started in 2003, Akio Toyoda, President of Toyota Motor Corporation “suggested that the misconduct committed by Hino is incompatible with CJPT’s * aspirations and goals and that the continued inclusion of Hino in activities will not gain the understanding of its customers and the public,” the Toyota statement said. Continue reading →

Posted in alternative fuels, autonomous vehicles, electric vehicles, energy, environment, fuel economy or emissions, global warming, news analysis | Tagged , , , , , , , , , | 1 Comment

Toyota to Buy Cascade Corporation, a Leader in Materials Handling

Posted on 22 October 2012 by Ken Zino

Toyota Industries Corporation (Tokyo Stock Exchange: 6201) (“TICO”) and Cascade Corporation (NYSE: CASC) (“Cascade”) today announced that they have entered into an agreement under which TICO will acquire 100% of the shares of Cascade for $65 per share in cash. The transaction is valued at $759 million in the tender offer. The purchase price is a 23% percent premium over Cascade’s volume-weighted average share price for the last 60 days. No wonder, the buyout has been unanimously approved by the Boards of Directors of both TICO and Cascade. Continue reading →

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