NAGOYA —

Toyota Motor Corp has decided to sell its brokerage unit Toyota Financial Services Securities Corp to Tokai Tokyo Financial Holdings Inc as it seeks to focus on its mainstay automobile business, sources close to the matter said Thursday.
   
Despite recent robust sales for its Prius gas-electric hybrid, Toyota expects to remain in the red for the current business year through next March, mirroring the sluggish auto market at home and abroad.

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  ironchef at 06:53 PM JST - 24th September

  why in the world did Toyota have a securities unit in the first place? talk about bad management.

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