A Leading Portal for China Auto Industry
Toyota Autoparts Philippines Inc. broke ground Thursday on a new US$116 million facility for production and export of transmission parts to seven countries.
The facility will produce R-type transmission units, used for larger vehicles. It will increase Toyota Autoparts' capacity to produce manual transmission to 333,000 units from 150,000 it currently makes.
"This will be only the fourth R-type transmission facility in the world for Toyota," Toyota Motor Corp. senior managing director Akira Okabe said in opening ceremonies attended by President Gloria Macapagal Arroyo.
The other facilities are in Japan, Indonesia and Thailand.
"This R-type transmission is scheduled to be exported to seven countries, not only in Asia, but as far as South Africa and Argentina," said Toyota Autoparts President Yasuro Takeuchi.
Toyota Autoparts Philippines, a majority-owned unit of Toyota Motors Corp., has invested 5.4 billion pesos (US$112 million) in its existing facility in the Philippines since 1990, which has produced 2.4 million G-type transmission parts and 1.4 million constant velocity joints.
We deliver timely, professional China automotive news and commentaries, and authoritative interviews on global purchasers, suppliers, CEOs of consultation firms and aftermarket companies; focus on the industry dynamic news and markets!
Changan Flagship SUV-CS95 is launched today, equipping with 4WD system
Zotye increases capacity of 100,000 units, planning to launch 4 SUV models in the year
2016 Great Wall Motors profits grew over 10bn
Summary: Best-selling passenger automobile models in the Chinese market in February
FAW Toyota Deepen Compact Car Strategy with Aim to Account for 70% of Sales in 2020
Young Man Lotus L3 EV’s debut shows trend of zombie auto companies’ survival in hot alternative energy market
SGMW Passenger Vehicle Project Settled in Qingdao, Capacity Increases by 200,000 Units
Qoros flagship electric coupe to debut next month in Shanghai
Geely Vision SUV is Exposed with 1.4T Engine
Beijing Hyundai's new platform: several generations from the same platform
China Will Establish the Automobile Inspection and Maintenance System to Promote Energy Saving and Emission Reduction
Changan Plans to Have Car Production and Sales Surpass 3.3 Million Units
GAC Trumpchi GS3 with an 1.0T engine to rival Haval H2
Beijing Hyundai’s Releases its 2017 Plan, with Many New Models being Launched
GWM WEY Meets Obstacle in Sprinting for High Sales, Haval Lowers Price for Increasing Sales Volume
Summary: Top performing Chinese own brand automobile manufacturers in February
The exposed Chery technological plan involves powertrain and connected vehicles
BAIC Invests 1 billion in Promising Car-sharing Service
JAC New Energy Vehicles February Sales Decreased by nearly 90%
Hot Auto Products|
Auto Products Directory|
Auto Parts Manufacturers|
Copyright Notice © 2016 Gasgoo.com Corporation and its licensors. All rights reserved.