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Toyota establishes subsidiary in South AmericaBUENOS AIRES, Argentina Thursday, 10 June 2004 Tools: Roll over ico...
Toyota establishes subsidiary in South America
BUENOS AIRES, Argentina
Thursday, 10 June 2004
Tools: Roll over icons for explanation
Toyota has founded a new subsidiary in South America for its industrial vehicles operations in Argentina and Brazil.
Toyota Industries Mercosur (TIM), in Buenos Aires, would mainly provide forklift sales and maintenance services, the Latin America News Digest reported.
TIM vice-president Luiz Carlos Andrade Jr said the company expected to raise regional sales from 530 machines in 2003 to 800 this year.
Toyota currently has a 30% share in the market, where it vies with Nissan, Mitsubishi,
Caterpillar,
Yale, Komatsu and
Clark.
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