Yamaha increases its capital by 600 million euros

Yamaha Motor is set to raise 600 million euros (76.1 billion yen) through a capital increase to "finance the development of fuel-efficient engines" and "low-cost motorcycles for emerging countries ".

Yamaha Motor is preparing to raise 600 million euros (76.1 billion yen) through a capital increase to "finance the development of fuel-efficient engines" and "low-cost motorcycles for emerging countries".

The Japanese group, which recorded a heavy net loss of 216 billion yen (1.6 billion euros) in 2009 (read), intends to return to balance this year. 

Yamaha Motor also indicates that it wishes to devote 202 billion yen (1.5 billion euros) to research and development over the next three years, in order to increase its activities in emerging countries, particularly in Asia, and develop more environmentally friendly products.

"This capital increase is the largest fundraising for a company in the automotive sector through the sale of shares since the Mazda Motor call for markets to raise 98 billion yen in October of the year last, "says Reuters.

LE JOURNAL MOTO DU NET (with Reuters)

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