Toyota Announces Start of Camry Production in China.Tokyo, Japan, May 23, 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 (TMC TMC Technology Marketing Corporation (Norwalk, Connecticut) TMC Texas Medical Center (Houston, TX) TMC Traffic Message Channel TMC The Movie Channel TMC Traffic Management Center ;TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 7203) announced that Guangzhou Toyota Motor Co., Ltd. (GTMC GTMC Government Technology Managers Conference ), a joint vehicle production and sales company established with Guangzhou Automobile Group Co., Ltd. (Guangzhou Automobile) in China in 2004, held a line-off ceremony today for the Toyota Camry The Toyota Camry is a mid-size sedan assembled by Toyota in Georgetown, Kentucky; Altona, Victoria, Guangzhou, China and the original factory in Toyota City, Japan. In some markets, the top range Camry models are seen as executive cars. ("Kaimeirui" in Chinese) sedan at the company's plant in Guangzhou Nansha, Guangdong, China. Approximately 1,400 people attended the event, including local and central government officials, Japanese government officials, various suppliers and dealers, media representatives, Guangzhou Automobile Chairman Zhang Fangyou, TMC President Katsuaki Watanabe and GTMC President Toru Kuzuhara and Executive Vice President Yuan Zhongrong. At the beginning of the ceremony, Kuzuhara made the following remarks on behalf of the company: "We will strive to continually set and achieve high goals without losing sight of the need to approach learning with a sense of modesty. With your help and cooperation we hope to grow and be recognized as a good corporate citizen as soon as possible by the people of Nansha, Guangzhou and indeed all of China. We will work to build a bright, fun and energetic workplace so that we can contribute to further development of society and better lifestyles for all concerned." This was followed by remarks from Zhang and subsequently from Watanabe, who said: "I firmly believe that the Camry will be just as successful in living up to the expectations of Chinese customers as it has been throughout the rest of the world. Although Toyota already has more than 40 years of experience in China, joining together with Guangzhou Automobile affords us the opportunity to plan even further business development in the country. At the same time, we hope to be able to contribute to the further development of the Chinese automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. through such things as sharing Toyota's technology." The price of the Chinese-built Camry will be from 197,800 Chinese yuan This article is about the Chinese currency base unit. For the modern currencies corresponding to the "Chinese yuan", see Renminbi ( to 269,800 Chinese yuan, with 50,000 units being planned for sale in 2006. Orders are scheduled to start today (May 23). GTMC was established by Guangzhou Automobile and TMC in September 2004 and is Toyota's first production and sales base in Guangzhou, China's largest automobile market. Today's Camry line-off represents the first vehicle series to be produced by GTMC. The GTMC-built Camry features the AZ engine made by Guangqi Toyota Engine Co., Ltd. (GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) ). As a world-class production plant, GTMC has installed numerous pieces of leading-edge equipment in order to maintain strict quality standards throughout all the processes involved in vehicle production. Furthermore, under a corporate policy of being a "pioneer in environmental preservation Environmental preservation is the strict setting aside of natural resources to prevent the use or contact by humans or by human intervention. In terms of policy making this often means setting aside areas as nature reserves (otherwise known as wildlife reserves), parks, or other and a good corporate citizen in China," the company is also making considerable efforts to keep noise to a minimum, appropriately treat wastewater, recycle waste materials and use environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] materials. GTMC has also been actively training personnel at its engineering training center, which was established in January 2005.
Outline of GTMC
Company name Guangzhou Toyota Motor Co., Ltd. (GTMC)
Location Guangzhou Nansha Economic and Technological
Development Zone, Guangdong, PRC
Representatives Chairman: Zhang Fangyou (chairman, Guangzhou
Automobile)
Vice chairman: Yoshimi Inaba (executive vice
president, TMC)
President: Toru Kuzuhara
Executive vice president: Yuan Zhongrong
Establishment September 1, 2004
Duration of JV 30 years
Capitalization 1.3 billion Chinese yuan (approx. 17.3 billion yen)
Equity participation Guangzhou Automobile: 50%; TMC: 50%
Number of employees Approx. 2,100 (at start of production in May 2006)
Land area Approx. 1,900,000m2
Product lineup Camry with GTE-made engines
Production capacity 100,000 units/year at commencement of production
(expansion to 200,000 units/year under two-shift
system in the future)
Start of production May 2006
About Toyota Motor Corporation Toyota Motor Corporation (TSE: 7203; NYSE NYSE See: New York Stock Exchange : 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. |
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