Toyota group unloads shares in dozens of companies

Automaker and suppliers unwind ties with Panasonic, Renesas in latest divestments

Toyota Motor's Motomachi factory in Japan. The automaker and its big suppliers sold off shares in dozens of companies last fiscal year. (Toyota Motor)

NAGOYA, 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.