We have decided to establish a new in-house company called the Emerging-market Compact Car Company. By doing so, we are aiming to construct a new way of doing business that prioritizes the needs of emerging markets, where our business is not bound by conventional ideas or restrictions. The new company will launch competitive, ever-better cars in emerging markets based on Daihatsu's know-how for manufacturing reasonably priced, good quality vehicles.

The new Emerging-market Compact Car Product & Business Planning Division will cross the organizations of both Toyota and Daihatsu.

Toyota Motor Asia Pacific Engineering and Manufacturing Co., Ltd. (TMAP-EM) is to be renamed Toyota Daihatsu Engineering and Manufacturing Co., Ltd. (TDEM) and become an entity under the new internal company. TMAP-EM has hitherto specialized in providing Toyota development, logistics and production preparation support for locally produced vehicle models. With the establishment of the new company, TDEM is to also be responsible for supporting the production of Daihatsu-centered compact vehicles for emerging markets.

Toyota Motor Corporation published this content on 01 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 January 2017 02:47:10 UTC.

Original documenthttp://newsroom.toyota.co.jp/en/detail/14520075

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