Toyota Motor Corp. (TYT)

Sector:

Automobiles and related providers

¥ 3,133.00
   
  • Change Today:
    ¥793.00
  • 52 Week High: ¥3,133.0
  • 52 Week Low: ¥2,340.0
  • Currency: Japanese Yen
  • Shares Issued: 13,503m
  • Volume: 20,200
  • Market Cap: ¥42,304,470m

Fiat Chrysler, PSA win EU approval for $38bn merger

By Caoimhe Toman

Date: Monday 21 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Fiat Chrysler and PSA have received approval for their $38bn merger, the European Commission said on Monday.
The European Commission's go-ahead comes after both companies addressed the bloc's concerns and agreed to extend PSA's small van agreement with Toyota Motor by increasing capacity for Toyota and cutting transfer prices for the vehicles, parts and accessories.

Fiat and PSA will also allow rivals to access their repair and maintenance networks for vans to help new entrants expand in the market.

The combination of these commitments allow the maintenance of effective competition in the market after the transaction and therefore "fully addresses all of the Commission's competition concerns", said the EC in a statement on Monday.

"Access to a competitive market for small commercial vans is important for many self-employed and small and medium companies throughout Europe," said European Competition Commissioner Margrethe Vestager in a statement.

"We can approve the merger of Fiat Chrysler and Peugeot SA because their commitments will facilitate entry and expansion in the market for small commercial vans. In the other markets where the two automotive manufacturers are currently active, competition will remain vibrant after the merger."

Shareholders from both sides of the merger still need to meet on January 4 to approve the transaction and if the green light is given, the closing of the merger will take place by the end of the first quarter of next year.

The deal will create the world's fourth-biggest carmaker and help both companies tackle the industry's challenges of creating cleaner vehicles and the current global pandemic. The merged entity, to be called Stellantis, would own brands such as Fiat, Jeep, Alfa Romeo, Lancia, Dodge, Maserati, Peugeot, Opel and DS.

(Writing by Frank Prenesti. Editing by Michele Maatouk)

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TYT Market Data

Currency Japanese Yen
Share Price ¥ 3,133.00
Change Today ¥ 793.00
% Change 33.89 %
52 Week High ¥3,133.0
52 Week Low ¥2,340.0
Volume 20,200
Shares Issued 13,503m
Market Cap ¥42,304,470m

TYT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.30% above the market average28.30% above the market average28.30% above the market average28.30% above the market average28.30% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
14.62% above the market average14.62% above the market average14.62% above the market average14.62% above the market average14.62% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Income
44.13% above the market average44.13% above the market average44.13% above the market average44.13% above the market average44.13% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
27.31% above the market average27.31% above the market average27.31% above the market average27.31% above the market average27.31% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 9
Neutral 6
Sell 1
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TYT Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 29-Sep-23
Paid 24-May-24 22-Nov-23
Amount 45.00 30.00

Trades for 19-Jul-2024

Time Volume / Share Price
09:00 13,300 @ ¥3,133.00
11:11 2,400 @ ¥3,133.00
10:02 4,500 @ ¥3,133.00

TYT Key Personnel

Chair Takeshi Uchiyamada
CEO James Kuffner

Top of Page