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FAW and Toyota will adopt new management mechanism for joint ventures

td. (TFTM). Through TFTM’s unified management of the aforementioned joint ventures, FAW and Toyota expect to establish the best production system, strengthen their management of these joint ventures and improve decision-making efficiency. In addition, FAW Toyota Research & Development Co., Ltd. (FTRD) will become TFTM’s wholly-owned subsidiary. FAW Toyota Motor Sales Co., Ltd. (FTMS) remains unchanged in capital structure but will report its...

News Updated at: 2020/04/28

Toyota to establish new R&D facility in Tianjin, China

Toyota to establish new R&D facility in Tianjin, China Toyota Motor Corporation announced that FAW Toyota Research & Development Co., Ltd. (FTRD) will establish a new R&D center in Tianjin, China. FTRD was formed by Toyota and the China FAW Group in November 2012. It was established from the technology departments of both Tianjin FAW Toyota Motor Co., Ltd. (TFTM) and Sichuan FAW Toyota Motor Co., Ltd. (SFTM). The joint venture will invest CNY 1.2...

News Updated at: 2013/08/12