Jul 5, 2011
Toyota Motor Corporation (NYSE:TM) announced it will establish a new truck assembly plant in Kenya.
As a part of the move, Japanese auto maker giant Toyota Motor Corporation is planning to acquire a 50 per cent stake in a local truck and bus assembly firm and then expand it with an investment of $35 million.
Toyota Motor Corporation made a move where they plan to acquire $0.50 per stake in a bus assembly and local truck assembly firm and increased with an addition of $35 million.
Denis Awori, the chairman of Toyota Motor Corporation in Kenya said, "Toyota Motor Corporation proposes to build the regional vehicle and parts centre in Nairobi and invest in the expansion of Associated Vehicle Assemblers to assemble Hino trucks and buses."
Shares of Toyota Motor are trading up 0.2% at $83.62.
Oil & Gas Post
Promote Your Page Too
No comments:
Post a Comment