RIYADH: Japanese automaker Toyota Motor Corp. announced a stock buyback of $826 million on Wednesday, keeping its promise to repurchase and distribute dividends to shareholders.
The announcement came as Toyota’s shares have fallen in recent months, tumbling nearly 12 percent on Wednesday from a record close in January, according to Bloomberg
Toyota’s factories have been shut down for various reasons, including a cyberattack on one of its suppliers, a powerful earthquake in Japan, and a Covid outbreak in Changchun, China.
