Toyota to form capital tie-up with Yamaha Motor

Toyota to form capital tie-up with Yamaha Motor

TOKYO, Japan - Fujio Cho (R), president of Toyota Motor Corp., Takehiko Hasegawa (C), president of Yamaha Motor Co., and Kazukiyo Ishimura (L), president of Yamaha Corp., shake hands after announcing the three companies will form a capital tie-up to enhance cooperation in the development of automobile engines. Toyota will purchase 12.5 million shares, or 5.4%, of Yamaha Motor, the world's second largest maker of motorcycles, later this month from Yamaha Corp. for 10.5 billion yen. Yamaha, a leading maker of musical instruments, is the largest shareholder in Yamaha Motor.

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