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Toyota Motor Corporation To Focus On Local


Toyota Motor Corporation (NYSE:TM) has decided to raise the local content of its vehicles in the Philippines.

Toyota Motor Corporation To Focus On Local

Toyota Motor Corporation (NYSE:TM) has announced that it wants its Philippines division to raise the local content of its locally-manufactured vehicles to 40 percent by 2016.

The company expects that increasing the local content from the current 20 to 25 percent will make Toyota Motor Corporation (NYSE:TM) vehicles competitive, with the expected influx of imported vehicles from other East Asian countries.

Michinobu Sugata, Toyota Motor Philippines Corp, said that, “Protecting Toyota Motor Corporation (NYSE:TM) ‘s locally-assembled Vios and Innova through increasing the use of local content will be the best way to counter the effects of the influx of imported vehicles from other East Asian countries. Toyota Motor Corporation (NYSE:TM)’s gradual raising of local content from the 20-25 percent range to 40 percent is key to the competitiveness of the vehicles made in the TMPC facilities in Sta. Rosa”.

Toyota Motor Company (NYSE:TM) shares were at 82.29 at the end of the last day’s trading. There’s been a 11.9% change in the stock price over the past 3 months.

Toyota Motor Corporation To Focus On Local
Toyota Motor Company (NYSE:TM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 2 out of 12 in the industry


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