Business trendsAutomaker and suppliers unwind ties with Panasonic, Renesas in latest divestmentsToyota Motor's Motomachi factory in Japan. The automaker and its big suppliers sold off shares in dozens of companies last fiscal year. (Toyota Motor)Nikkei staff writersJuly 12, 2026 02:48 JSTNAGOYA, Japan -- Toyota Motor and its major affiliates have sold off billions of dollars worth of shares in other companies, part of an unwinding that increases the liquidity of Japan's stock market.