Toyota Completes New Facilities in China

Toyota Motor Corporation

held a ceremony today to celebrate the completion of a number of new R&D facilities at Toyota Motor Engineering & Manufacturing (China) Co., Ltd. (TMEC) in the ChangshuNew and Hi-Tech Industrial Development Zone1. The new facilities will play a key role in Toyota's ongoing efforts to localize production in China.The completion ceremony was attended by special guests from the provincial and municipal governments as well as Japanese ambassador to China Masato Kitera and representatives from local joint venture partners China FAW Group Corporation and Guangzhou Automobile Group Co., Ltd. From TMC, executive vice presidents Mitsuhisa Kato and Yasumori Ihara, among others, attended.During the ceremony, Kato stated: "Our goal is to continue to exceed the expectations of Chinese consumers. This means listening to what they say and making no compromises in creating the best cars possible. I believe TMEC will play a vital role in this regard." TMC Senior Managing Officer and TMEC President Tadashi Yamashina followed: "This is