You are here

Toyota to set up holding company in Brussels

TOYOTA MOTOR CORPORATION (TMC) announced today that it will establish a Europe-based holding company for the purpose of coordinating Toyota's European manufacturing and sales activities. Toyota Motor Europe S.A./N.V. (TME) will be created on April 1 and located in Brussels, Belgium.



The creation of TME follows five straight years of record Toyota European sales (as of the end of 2001), as Toyota approaches its goal of selling 800,000 vehicles a year in Europe in 2005. To support this goal, TME will initially focus on strengthening Toyota corporate and government affairs activities in Europe, serving as a holding company for Toyota Motor Europe Manufacturing S.A./N.V, which manages Toyota European manufacturing efforts, and Toyota Motor Europe Marketing & Engineering S.A./N.V., which oversees Toyota European sales activities.

TME also intends to play a key role in enhancing efficiency and accelerating decision-making in Toyota European operations.

Reported by
FIT
28 March 2002

More news about Flanders?

  • Regular updates
  • No spam

Interested in doing business in Flanders?

Let us help you!

  • We can introduce you to other companies, banks and regulators
  • We organize site visits to real estate locations
  • We assist with all legal aspects of setting up a business
  • We're an official government agency
  • Our services are completely free
  • We are a team of international experts

Receive our handbook to growing your business in Flanders

  • It's completely free.
  • Get an overview of all incentives relevant to your company.
  • Tax system explained in-depth.
  • Learn how to set up your business quickly.
  • Discover the benefits of Flanders (in addition to the chocolate).

In addition to the ebook, I agree to receive one or two follow-up emails