Sichuan FAW Toyota Increases Production Capacity with Addition of Upscale Land Cruiser Prado VX.Tokyo, Japan, June 12, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Toyota Motor Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7203; NYSE NYSE See: New York Stock Exchange : TM) announced today that Sichuan FAW Toyota Motor Sichuan FAW Toyota Motor is an automobile manufacturing company based in Chengdu City, Sichuan Province China, with a branch in Changchun City, Jilin Province. It is a joint venture between Toyota Motor Company and First Automobile Works and produces the first Toyota Prius hybrid Co., Ltd. (SFTM SFTM Shelburne Falls Trolley Museum ), a joint vehicle-production company established with China FAW FAW Florida Administrative Weekly FAW Football Association of Wales FAW Forschungsinstitut für Anwendungsorientierte Wissensverarbeitung FAW First Auto Works (China) FAW First Aid at Work FAW Fleet Air Wing FAW Fire At Will Group Corporation (FAW) in China in 2005, has added a second version of the Land Cruiser cruiser, large, fast, moderately armed warship, intermediate in type between the aircraft carrier and the destroyer. During World War II, battle cruisers operated as small battleships, combining in one vessel maximum qualities of gun caliber, armor protection, and Prado to its production lineup, raising SFTM's overall annual production capacity from 20,000 units to 23,000 units. The newly added version of the Land Cruiser Prado - the higher-grade Land Cruiser Prado VX - started rolling off the line today at SFTM's Chengdu Plant, which also makes the Land Cruiser Prado GX(*1). Both versions are for the Chinese market; until now, the Land Cruiser VX sold in China was only made in Japan. Like the Land Cruiser Prado GX, the Land Cruiser Prado VX is to be sold through FAW Toyota Motor Sales Co., Ltd.'s approximately 220 authorized dealers, which started accepting orders from customers today. The Land Cruiser Prado VX is priced at 558,000 Chinese yuan This article is about the Chinese currency base unit. For the modern currencies corresponding to the "Chinese yuan", see Renminbi ( (approximately 7.87 million yen). With this latest development, Toyota's total annual vehicle production capacity in China now stands at 343,000 units. Outline of SFTM
Company name: Sichuan FAW Toyota Motor Co., Ltd. (SFTM)
Representatives President: Haruaki Hoshino
Vice President: Liu Jurong
Date of establishment: July 2005(*2)
Capitalization: Approx. 67 million U.S. dollars
Equity participation: FAW: 50%; TMC: 45%; Toyota Tsusho Corporation: 5%
Location:
Head Office: Branch
Chengdu City, Changchun City
Sichuan Province Jilin Province
Start of production: December 2000 October 2003
Product lineup: Coaster, Land Cruiser Coaster, Land Cruiser
Prado Land Cruiser, Prius Prado Land Cruiser,
Prius
Production capacity: 13,000 units/year 10,000 units/year
Site area: 177,000 m2 75,000 m2
Number of employees: Approx. 1,300 Approx. 500
*1 SFTM makes 4-liter engine version of GX; 2.7-liter-engine version exported from Japan. VX has 4-liter engine. *2 Originally named and established as Sichuan Toyota Motor Co., Ltd., in November 1998; re-established in July 2005 as SFTM through merger with Changchun FAW Fengyue Auto Co., Ltd., which was established in July 2003. About Toyota Motor Corporation Toyota Motor Corporation (TSE: 7203; NYSE: TM) develops and manufactures vehicles, and is one of the largest car manufacturers in the world, offering a wide range of products from minivehicles to trucks. In addition to its core business, Toyota has a large business portfolio in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , including sales finance, vehicle insurance, and credit cards. It is also involved in telecommunications through a subsidiary that provides cellular services in Japan. Other diversified businesses include industrial equipment, prefabricated pre·fab·ri·cate tr.v. pre·fab·ri·cat·ed, pre·fab·ri·cat·ing, pre·fab·ri·cates 1. To manufacture (a building or section of a building, for example) in advance, especially in standard sections that can be easily shipped and housing and leisure boats. The company is headquartered in Aichi, Japan. Fot more information, please visit www.toyota.co.jp/en/index.html. Source: Toyota Motor Corporation Contact: Toyota Motor Corporation Public Relations Department http://www.toyota.co.jp/en/index_company.html Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion