This Week:

• Pontiac Confirms GTO Production
  .
• Volvo Cars Develops World's First Pregnant Crash Test Dummy
  .
• Ingeni Opens Its Doors As Global Design Centre With Different Twist
  .
• Maybach - A new star is born
  .
• TMC to More than Double Ownership in Toyota South Africa
  .
• Nissan Will Expand Its Plant in Canton, Mississippi
  .. .
• BMW Becomes A 'Part' Of Jacksonville
  .
• Chrysler Group Sets Up New Marketing Teams to Strengthen and Grow Brands
  .
• Production record at Volkswagen
  .
• Magna announces acquisition of Donnelly
  .

   

© 1998 - 2002 Copyright & 
Disclaimer
Automotive Intelligence,
www.autointell.com
All Rights Reserved .
For questions please contact
editor@autointell.com  

News of June 26, 2002

TMC to More than Double Ownership in Toyota South Africa

Tokyo - TOYOTA MOTOR CORPORATION (TMC) has reached an agreement with joint-venture partner Wesco Investments Limited (Wesco) to boost the percentage of shares TMC holds in Toyota South Africa (Pty) Ltd. (TSA), from 35.7% to 74.9%. TSA is a holding company of Toyota South Africa Motors (Pty) Ltd. (TSAM), which handles production and distribution of Toyota vehicles in South Africa. (Wesco currently owns 64.3% of TSA).

Last year, Toyota vehicles achieved sales of 82,738 units in South Africa for a market share of 22.6%, maintaining the number one spot for 22 years in a row since 1981. Through raising the number of its shares, Toyota hopes to advance production, sales and export strength in South Africa even further.

Outline of TSA

• Company name - Toyota South Africa (Pty) Ltd.
• Establishment - 1961
• Location - Sandton, South Africa
• Chairman - Albert J.J. Wessels
• Capitalization - 527,000 rand (approx. 6 million yen)
• Operations - Holding company of TSAM

Outline of TSAM

• Company name - Toyota South Africa Motors (Pty) Ltd.
• Location - Head office: Sandton, South Africa; Plant: Durban, South Africa
• COO - Johan van Zyl
• Capitalization - 50,000 rand (approx. 0.6 million yen)
• Equity participation - TSA 100%
• Operations - Production, sales and export of Toyota vehicles
• Sales results (2001) - 82,738 units (Corolla, Hilux, TUV, etc.)
• Production results (2001) - 79,093 units* (Corolla, Hilux, TUV, etc.)
• No. of employees - Approx. 7,000 (as of June 2002)

*On a line-off base

(June 25, 2002)

[Homepage] [ News] [ Companies] [ Management] [ Publications] [ Events] [ Careers]
[Services] [Discussion] [ Guestbook] [ Search]