Toyota Motor Philippines
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
|Founded||August 3, 1988|
|Headquarters||Toyota Special Economic Zone 4026, Santa Rosa-Tagaytay Highway, Santa Rosa City, Laguna, Philippines|
|Mr. Satoru Suzuki (President)|
|Owner||GT Capital Holdings, Inc. (51%), |
Toyota Motor Corporation (34%),
Mitsui & Company Limited (15%)
Toyota Motor Philippines Corporation (TMPC) is a subsidiary of Toyota Motor Corporation, based in Santa Rosa, Laguna, Philippines, responsible for the assembly and distribution of Toyota vehicles in the Philippines since 1988. The company was established on August 3, 1988, as a joint venture between Toyota Motor Corporation, Mitsui & Company Limited and GT Capital Holdings, Inc..
TMPC is the largest automotive company in the country, with the widest vehicle line-up of 17 models and a sales distribution and service network composed of 47 dealerships nationwide. Its main production facility, the 82-hectare Toyota Special Economic Zone (TSEZ), is located in Santa Rosa, Laguna for assembling cars. TMPC is also the provider of financial services unit, Toyota Financial Services Philippines, and Lexus Manila, Inc., the official distributor of Lexus cars.
Toyota history in the Philippines
Toyota's presence in the Philippines dates back to 1962 when Delta Motor Corporation, a company established by Ricardo C. Silverio, Sr., acquired the rights to assemble and distribute Toyota vehicles for the Philippine market. Delta Motor Corporation collapsed during the Philippine economic downturn in the early 1980s. Operations came to a halt in December 1983 and by March 1984, Toyota's tie-up with Delta Motor Corporation was terminated. The company was dissolved by 1988.
After a five-year absence, Toyota directly entered the Philippine market with the establishment of Toyota Motor Philippines Corporation (TMPC) in 1988.