Toyota Autoparts Philippines, Inc. to become Aisin`s subsidiary -The company to start AT component production in an effort to further increase its competitiveness-
(WorldNews Japan)

May 24, 2018 Toyota Motor Corporation Aisin Seiki Co., Ltd. Toyota Autoparts Philippines, Inc. to become Aisin`s subsidiary -The company to start AT component production in an effort to further increase its competitiveness- Toyota Motor Corporation ("Toyota") and Aisin Seiki Co., Ltd. ("Aisin") have agreed today to increase Aisin`s equity participation in Toyota`s subsidiary, Toyota Autoparts Philippines, Inc. ("TAP"), from the current 34 percent to 61 percent and to make it Aisin`s subsidiary. The purpose of this arrangement is to strengthen its competitiveness in the manual transmission ("MT") business. TAP will be renamed Toyota Aisin Philippines,...