Toyota is forging ties to telecommunications and broadcast companies to secure service for its Internet commerce sites and offer more in-vehicle safety and information services. In August the company bought a 4 percent stake in Japan Business Television Inc, and it's also the second-biggest shareholder in DDI Corp., better known as KDDI, Japan's No 2 telecom provider. The new broadcaster plans to offer data transmission services as well as news, movie, golf and other specialty television channels, the report said.
Short Take: Toyota to take stake in new satellite broadcaster
By Bloomberg, Singapore.CNET.com
Friday, March 30, 2001 06:48 AM
Friday, March 30, 2001 06:48 AM
TOKYO--Toyota Motor Corp plans to buy a stake in an unnamed satellite broadcaster in April to expand cellular-based services that let drivers call for roadside assistance or surf the Internet. The world's third-largest automaker will take a 10 percent stake in the new company, which will be capitalized at about ¥2 billion (US$16.4 million), the report said. Other investors include Hitachi Ltd, Toppan Printing Co and Asahi Broadcasting Corp, the Nihon Keizai newspaper said, without citing sources.
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