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Guangzhou, Aug 4, 2011 - (ACN Newswire) - Toyota Motor Corporation (TMC) announces that GAC Toyota Motor Co., Ltd. (GTMC), TMC's vehicle-production and sales company established jointly with Guangzhou Automobile Group Co., Ltd. (GAC), held a ceremony today at its plant here to mark cumulative production of 1 million vehicles since production started in 2006. Attendees at the ceremony included Guangdong Province and Guangzhou City government officials, representatives of GAC, GTMC, TMC.
GTMC was established in 2004 as a base for Toyota-brand vehicle production and sales in China. Production began in May 2006 on Line No. 1 with the "Camry", followed by the "Yaris" in May 2008. Line No. 2 opened with production of the "Highlander" in May 2009, followed by the "Camry Hybrid" in April 2010 and the "E'Z" in June 2011.
TMC will continue to meet the needs of a broad range of vehicle users in China based on its founding philosophy of contributing to society through manufacturing of ever-better cars, and will work to support the development of the Chinese automobile industry by creating jobs and developing human resources.
Outline of GAC Toyota Motor Co., Ltd. (GTMC)
Establishment September 1, 2004
Location Shinan Da Dao, Nansha District,
Guangzhou, Guangdong, China
Chairman Yuan Zhongrong
Vice chairman Akira Sasaki
President Kunihiko Ogura
Equity: GAC: 50%
TMC: 30.5%
Toyota Motor (China) Investment
Co., Ltd. (TMCI): 19.5%
Employees Approx. 7,000
Contact:
Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150
Topic: Production report
Source: Toyota Motor Corporation
Sectors: Daily Finance, Automotive
https://www.acnnewswire.com
From the Asia Corporate News Network
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