Toyota Motor Manufacturing Turkey (TMMT) today started production and export of the Corolla station wagon at its plant in Adapazari. By the end of fiscal year 2002 (ending March 31, 2003), TMMT will have exported about 12,000 Corolla station wagons and 28,000 Corolla sedans to 25 countries – including 22 countries in Europe. In 2004, a third model will be produced at Toyota’s Turkish plant.

TMMT has already exported some 17,000 Corolla sedans since February this year. At the end of July, TMMT was the third biggest automotive exporter in Turkey, and adding production of the station wagon model will further strengthen this position. By the time production of the third model starts, Toyota’s investment in Adapazari plant will have risen to €750 million.

The European Corolla, which differs in exterior styling details from models built and sold in Japan for other markets such as Australia, is also made in three- and five-door hatchback form at Toyota’s UK plant in Burnaston. With the production of the Yaris in Valenciennes, France, and the Avensis also in Burnaston, Toyota builds its three core models in Europe.

Since the beginning of the year, more than 120,000 Toyota Corollas have been sold in Europe. Toyota currently has a 4.4% market share (January-July 2002) in Europe, and expects to sell over 740,000 cars this year, compared to 666,035 cars in 2001.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.