IMS Corporate Profile -


Toyota will set up a car sales subsidiary in Mexico by the end of fiscal year 2001, the Nihon Keizai Shimbun newspaper reported at the weekend.

The strategic move will come ahead of the 2004 lifting of a ban on imports from firms who do not manufacture their products in Mexico.

Until the ban is lifted, Toyota will import U.S-made cars using quotas granted to group vehicle parts makers Denso and Aisin Seiki, both of which have manufacturing operations in Mexico.

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