Toyota and FAW Restructure their Joint Company's Management Systems with the Aim of Sustainable Growth in China
2020年4月27日 - 02:06PM
JCN Newswire (英)
China FAW Group Co., Ltd. (FAW) and Toyota Motor Corporation
(Toyota) will restructure their management systems with the aim of
achieving sustainable growth in China. As part of the
restructuring, Tianjin FAW Toyota Motor Co., Ltd. (TFTM) will
become a FAW-Toyota manufacturing and supervising affiliate; all
other body and engine manufacturing affiliates will become wholly
owned subsidiaries of TFTM.
|
Joint Company's Management
Systems |
More specifically, the restructuring affects the following four
companies within the FAW and Toyota joint enterprise: the body
manufacturing affiliates Sichuan FAW Toyota Motor Co., Ltd. (SFTM
Chengdu) and SFTM Changchun Fengyue Co., Ltd. (SFTM Changchun), and
the engine manufacturing affiliates Tianjin FAW Toyota Engine Co.,
Ltd. (TFTE) and FAW Toyota (Changchun) Engine Co., Ltd. (FTCE).
The goal of the restructuring is to better respond to China's
rapidly changing markets. By centralizing the management of
manufacturing affiliates under TFTM, the entire production system
can be optimized; this will result in more effective use of
resources and more efficient operations and this, in turn, is
expected to lead to improved competitiveness. The restructuring is
also intended to clarify reporting lines, thereby strengthening
governance and accelerating decision-making processes at all its
affiliates.
Tatsuro Ueda, Chief Executive Officer of Toyota's China Region,
said: "Thanks to the support of the Chinese government, our partner
FAW, and our Chinese customers, the FAW-Toyota business will next
year celebrate its 20th anniversary. After discussions with FAW, we
decided to reorganize our management systems with the goal of
achieving lasting growth for FAW-Toyota."
As part of this restructuring, FAW Toyota Research &
Development Co., Ltd. (FTRD), FAW-Toyota's research and development
company, will also become a wholly owned subsidiary of TFTM. There
is no change in the ownership of FAW Toyota Motor Sales Co., Ltd.,
FAW-Toyota's sales company; in practice, however, its management
will report to TFTM, and by unifying its management, it will seek
to realize a single streamlined structure from development through
production to sales. Going forward, all Toyota enterprises in China
will work together to make cars that provide its Chinese customers
with happiness.
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that
introduced the Prius hybrid-electric car in 1997 and the first
mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in
Toyota City, Japan, Toyota has been making cars since 1937. Today,
Toyota proudly employs 370,000 employees in communities around the
world. Together, they build around 10 million vehicles per year in
29 countries, from mainstream cars and premium vehicles to
mini-vehicles and commercial trucks, and sell them in more than 170
countries under the brands Toyota, Lexus, Daihatsu and Hino. For
more information, please visit www.toyota-global.com.
Source: Toyota Motor Corporation
Copyright 2020 JCN Newswire . All rights reserved.
Toyota Motor (NYSE:TM)
過去 株価チャート
から 2 2024 まで 3 2024
Toyota Motor (NYSE:TM)
過去 株価チャート
から 3 2023 まで 3 2024