Feb. 24, 1986

CONCERNING JOINT PRODUCTION IN TAIWAN

 

Toyota City―TOYOTA MOTOR CORPORATION announced that the application made on December 20 last year to the Taiwanese Government concerning investments for joint production operations in Taiwan was approved on February 22. The outline of the approval is as follows

Outline

  1. Toyota will invest in Kuo Zui Motors Ltd. and carry out production of passenger cars and commercial vehicles
    1. Amount of equity
      (unit100 mil. T$; T$1.00=¥5)
Amount of equity
  1. Scale of productionAbout 40,000 units (25,000 passenger cars; 15,000 commercial vehicles)
  1. Start of production1988
  1. EmployeesPresent 180 + 500 persons
  1. Toyota will jointly establish parts manufacturing company
    1. Investment in new company
      (unit100 mil. T$; T$1.00=¥5)
Investment in new company
  1. Items producedstamped parts
  1. Start of production1988
  1. Employees500