Yamaha Motor Begins Efforts for Merger of LLV Subsidiary

On November 1, 2024By Karl

TOKYO (dpa-AFX) – Japanese automotive giant Yamaha Motor Co. (YAMHF.PK), its subsidiary Yamaha Motor Powered Products Co., Ltd., said in a statement on Friday. or YMPC has begun evaluations for its merger, he said. Manufacturer of golf carts and off-road carts or LLV.

The merger, in which the parent company will continue to exist, is planned to be completed by January 2027.

Prior to the merger, YMPC’s LLV-related business activities, including development, business planning, product planning, sales and services, will be transferred to Yamaha Motor effective January 1, 2025.

‘The company aims to enable further growth of the LLV business through this merger by increasing the development speed and quality of LLV products by combining the intellectual property, advanced development and electric vehicle development expertise and resources of YMPC and Yamaha Motor Co. Ltd.,’ Yamaha Motor said in a statement.

The company said it has no plans to close business units, production facilities or reduce staff in connection with the business transfer.