Sichuan FAW Toyota Motor

Toyota and FAW Restructure their Joint Company's Management Systems with the Aim of Sustainable Growth in China

Monday, April 27, 2020 - 6:06am

Toyota City, Japan, Apr 27, 2020 - (JCN Newswire) - China FAW Group Co., Ltd. (FAW) and Toyota Motor Corporation (Toyota) will restructure their management systems with the aim of achieving sustainable growth in China.

Key Points: 
  • Toyota City, Japan, Apr 27, 2020 - (JCN Newswire) - China FAW Group Co., Ltd. (FAW) and Toyota Motor Corporation (Toyota) will restructure their management systems with the aim of achieving sustainable growth in China.
  • More specifically, the restructuring affects the following four companies within the FAW and Toyota joint enterprise: the body manufacturing affiliates Sichuan FAW Toyota Motor Co., Ltd. (SFTM Chengdu) and SFTM Changchun Fengyue Co., Ltd. (SFTM Changchun), and the engine manufacturing affiliates Tianjin FAW Toyota Engine Co., Ltd. (TFTE) and FAW Toyota (Changchun) Engine Co., Ltd. (FTCE).
  • After discussions with FAW, we decided to reorganize our management systems with the goal of achieving lasting growth for FAW-Toyota."
  • Going forward, all Toyota enterprises in China will work together to make cars that provide its Chinese customers with happiness.