Published: August 04, 2011
Cumulative Vehicle Production at GAC Toyota Motor Co., Ltd. in China Hits 1 Million Mark
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
About Toyota
Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. Today, the Company manufactures vehicles and parts at 53 production sites in 27 countries and regions around the globe and is an active member in the communities it serves. For more information, please visit www.toyota.co.jp/en/index.html.
Source: Toyota
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