Acquisitions and Alliances for Business Growth: Toyota and Honda Analysis

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4.2 Business
For a corporation to continue to grow while maintaining its vitality, developing new businesses is crucial. Following a long history of continuous expansion into a variety of non-automotive fields, including housing, finance, and communications, Toyota entered automotive-related growth fields and the new mobility field in the mid-1980s. Then, in the late 1990s, Toyota also began to expand into business fields considered extremely promising in the 21st century, such as biotechnology, a forestation, the environment, and energy 4.3 International

Toyota conducts its business worldwide with 56 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 170 countries and regions. Toyota operations American Samoa India Saipan Australia Indonesia Samoa Bahrain Israel Saudi Arabia Brunei Darussalam Philippines Singapore China Kiribati Solomon Islands Fiji Kuwait Sri Lanka Guam Malaysia Tahiti Hong Kong, China Nepal Taiwan New Caledonia Thailand New Zealand Tonga Oman United Arab Emirates Pakistan Vanuatu Papua New Guinea Viet Nam. Toyota and not Kiichiro Toyoda 1966, Toyota acquired Hino Toyota acquired Daihatsu Manufacturing or assembly plants: United States, Australia, Canada, Indonesia, Poland, South Africa, Turkey, the United Kingdom, France, Brazil, India, Argentina and Czech Republic. Denso was spun off. Toyota acquired additional ownerships in: Toyota Auto Body Corporation, Kanto Auto Works LTD, Central Motor CO., LTD, and P.T. Toyota Motor Manufacturing Indonesia.

4.4 Acquisition and Alliance
Following the talk of the merger with Prince Motors, Mitsui Bank brought the idea of a merger with Hino Motors to Toyota Motor Co., Ltd. With Mitsui Bank as the intermediary, negotiations on a cooperative alliance between Toyota and Hino Motors began in January 1965. Then in 1966, Masanobu Matsukata, then president of Hino Motors, made a bold suggestion: "We'll stop making the Contessa compact passenger car, but...
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