Kogyo!

“Motor - Co, “Tuesday. “night
annount ed ‘plans to’ acquire
/a 25 : percent minority. in-.
' terest-in .Toyo: ‘Kogyo Co.

since 1972, as "welll aS a.
partner in the Japanese.
automatic , transmission
company;” Caldwell said.

“Ltd:; the Japanese maker of ~
- Mazda cars and trucks.

The proposed : $135 million

acquisition’ would merge.
Ford Industries, _ a. wholly
owned Japanese subsidiary’ *:
of Ford, with the-No. .4-

Japanese automaker before.
the end of this ' year. Toyo,
‘supplies : Courier’
pickup trucks for. Ford. ,
.
“If final “discussions
proceed .as anticipated, the
‘merger agreement. will . be .
signed in the next few weeks

by representatives: of Ford:

Industries and Toyo Kogyo;
said Ford President. Pailip.
Caldwell.

“After approval’ of this 2

action by Toyo Kogyo"

. Shareholders at-.a° special ..

a that..

meeting in ‘September, we. -
expect the | merger to.
become effective. on ‘Nov. I,
1979.” :

The Ford “proposal, to be”
considered at ‘the Toyo
Kogyo shareholders’

“We “purchased

have ~

Couriers for sale in North -
America and: Australia, as - .
_ well as some ‘other markets.
‘Just, this month we ‘have
int

commercial vehicles built by
‘Toyo. Kogyo: into | q
‘Australian 1 market.”

Caldwell emphasized
agreement. would not affect
Ford. or. Japan, its employces
‘or dealers. :

Ford- has been the only
one of | the “ big: three.
atitomakers without_a share
ina Japanese, firm. General
Motors~.Corp. owns 4.2
‘percent.of Isuzu. ‘Motors and.
-~Chrysler. Corp: holds 15
percent. _ of » ‘Mitsubishi
‘Motors. Oe Sa

.. meeting Sept—7,‘calls-for-a
one-for-one _ exchange . of
. Ford Industries and Toyo
Kogyo stock, with Ford’”
executives to be appoitited
directors of the ‘Japanese
firm, a spokesman for. the
U.S. automaker said.

Ford had- confirmed
earlier that it was negotiating.
to buy part of the Japanese
-automaker but. had pegged
its likely equity interest at 20
percent.

“Toyo Kogyo has been a-
dependable supplier to Ford

Not gas
guzzlers

FROM PAGE B10

therefore, they train
themselves to consume. it
carefully.

Young people in RV
families learn conservation.
carly and the long-term
benefits of this include life-
long habits'of turning off the
water and the lights.

In the U.S., it is citimated"
if all . RV.

all highway fuel consumed.

And if such _ theoretical
abolition resulted in more
than one car per RV being
used in its place, the
resultant savings would be
negligible.

Canada, Marshall says,
appears to be self-sufficient
in gasoline in the long-term,
although prices have in-
ore sed and are expected to

igher, People will have
to set their prioritics as to
what they spend their moncy
on, but this is certainly
nothing new. Marshall
emphasized that the
spillover of the “panic”
situation which has been
reported in many parts of the
U.S. should not be permitted
to build false conclusions in
the Canadian public’s mind.

1
t

.

i
‘ ~
x re
t ae
a , _ The Cartadian TR7 rally car
is sponsored by race-proven CAM 2
Motor Oil from Sunoco.
ae ee

oT he sheer ecstasy of owning a
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The TR7 has earned its stripes
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In a tortuous scrics of speed
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Z|

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WRIGHT AUTODADITIVWIE

1585 Marine Drive, North Vancouver 987-8121

DO1861A ”