TAIWAN: Toyota to invest US$424 million
The Taiwanese subsidiary of Toyota Motor Corp. is planning to invest T$14 billion (US$424 million) to strengthen its research and development alongside setting up a major parts supply centre for Asia, say local news sources (13/12/00). This investment by unlisted Kuozui Motors - the second largest carmaker in Taiwan behind Mitsubishi affiliate China Motor Co. - will be spread over five years from 2001, say sources citing Hotai Motor, Kouzui`s main dealer.
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