Toyota is to take full control of its operations in Norway by buying the 60% stake owned by the Baumann family in Toyota Norge AS. Toyota Motor Marketing Europe will acquire the shareholding later this year.
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Toyota Norge currently employs 80 people, and its 50 dealers sold 17,308 units in Norway in 2003, 2% more than in 2002. Toyota sold 834,661 units throughout Europe last year, for a market share of 4.7%.
