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Toyota is recycling old EV batteries to help power Mazda's production line

(www.thedrive.com)
304 points computerliker | 2 comments | 23 Aug 25 18:29 UTC | HN request time: 0.001s | source
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bluGill ◴[27 Aug 25 17:41 UTC] No.45042628[source]▶
had to check: toyota owns 5% of mazda which makes them the largest shareholder.
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1. burkaman ◴[27 Aug 25 18:03 UTC] No.45042920[source]▶
Technically a bank is a much larger shareholder (https://www.mazda.com/en/investors/stockinfo/situation/), but Mazda and Toyota have been collaborating for a long time with joint manufacturing (https://en.wikipedia.org/wiki/Mazda_Toyota_Manufacturing_USA) and technology sharing. Toyota has similar arrangements with other companies like Subaru and Suzuki.
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2. kenhwang ◴[27 Aug 25 18:20 UTC] No.45043113[source]▶
That's a trust account though, they're just holding shares on behalf of fund managers or individuals. They also generally don't vote.

So for all intents and purposes, Toyota is the largest singular voting shareholder.