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FB Roundup: Sky UK, América Móvil, and BMW and Toyota

October 14, 2016

Sky investors vote against James Murdoch’s reappointment; América Móvil to invest $600m in Dominican Republic; and BMW and Toyota invest in data gathering company

Sky investors vote against James Murdoch’s reappointment

James Murdoch, the younger son of billionaire Rupert Murdoch, has suffered a shareholder backlash at Sky after more than half of the UK media company's independent shareholders voted against his reappointment as chairman.

FB Roundup: AB InBev, Puig, and Toyota

September 29, 2016

AB InBev-SAB Miller deal approved by shareholders; Puig to buy stake in Brazil's Granado; and Toyota develops a new technology to improve agri production

AB InBev-SAB Miller deal approved by shareholders

Family-controlled brewer AB InBev won approval for its $100 billion-plus takeover of rival SABMiller, paving the way for the third-largest merger in corporate history.

Shareholders from both companies voted overwhelmingly in favour of the acquisition. The new combined company will posses an estimated 46% of global beer profits and 27% of global volume.

Family Business Roundup: Holcim and Lafarge, FCC, and Toyota

May 8, 2015

Holcim and Lafarge sell assets to win US backing; Esther Koplowitz secures stake in FCC; and Toyota posts record profit

Holcim and Lafarge sell assets to win US backing

Swiss family-owned cement maker Holcim and French counterpart Lafarage have agreed to sell several plants and terminals in the US and Canada, setting the stage for their impending merger.

The sale of assets in the US and Canada will help the two firms win regulatory approval for the $46 billion merger, which will create the largest cement manufacturer in the world.

Toyoda to testify over safety fears as US government committee issues subponea

February 19, 2010

Toyota president and CEO Akio Toyoda has agreed to appear before the US House of Representatives’ Committee on Oversight and Government Reform after being summoned by committee chairman Edolphus Towns yesterday.

Toyota president and CEO Akio Toyoda (pictured) has agreed to appear before the US House of Representatives' Committee on Oversight and Government Reform after being summoned by committee chairman Edolphus Towns yesterday.

The fourth-generation head of the Japan-based motoring giant confirmed he will attend a hearing on 24 February to testify against allegations that the problems associated with the millions of recalls Toyota has been forced to make "may have been the direct cause of serious injury and even death."

Double celebration for Toyota’s founding family

January 22, 2009

The founding family of Japanese motor manufacturer Toyota has two reasons to celebrate this week.

The founding family of Japanese motor manufacturer Toyota has two reasons to celebrate this week. Akio Toyoda, grandson of the car company’s founder, was confirmed as its new president on Tuesday while yesterday Toyota claimed the title of world’s biggest carmaker.

As expected, Toyoda (pictured) was entrusted with the top job even though it comes just six months after he was promoted to the role of chairman board of directors of Toyota’s European arm. It caps a rapid rise for the 54-year-old, who first joined the company in 1984.

Toyota’s founding family set for succession

January 19, 2009

Shoichiro Toyoda, the honorary chairman of Toyota Motor Corp, is expected to resign this year according to Japanese media reports, suggesting an ownership transition is taking place within the founding family.

The 83-year-old’s father, Kiichiro Toyoda, founded the motor company while his grandfather Sakichi Toyoda is credited with starting the Toyota dynasty.

Shoichiro joined the business as a director in 1952, served as president between 1982–1992 and has been honorary chairman since 1999.

Toyota set to name family member as new president

January 12, 2009

Japanese car manufacturer Toyota has chosen Akio Toyoda, the great-grandson of the company's founder, to become its next president according to reports.

The news, which is being reported by the Wall Street Journal but which Toyota has yet to confirm, marks an astonishing rise for Toyoda (pictured). Just six months after being promoted to the role of chairman board of directors of Toyota’s European arm, he appears set to take on the top job.

Toyota founder’s family member gets promotion

June 25, 2008

Iconic Japanese business Toyota Motor Corp has announced that Akio Toyoda, the great-grandson of the company’s founder, has been promoted to chairman of the board of directors for Toyota Motor Europe.

Iconic Japanese business Toyota Motor Corp has announced that Akio Toyoda (pictured), the great-grandson of the company's founder, has been promoted to chairman of the board of directors for Toyota Motor Europe. Toyoda, 52, will assume his new position on 1 July in a move that is widely seen as the next step on his road to the company presidency.