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Toyota Motor Corporation

Toyota Motor Corporation

Industry: 
Automotive
Value of USG Contracts: 
154
Symbol: 
NYSE: TM
Country: 
Japan
Sources: 

 

"Indonesian ambassador to Tehran Dian Wirengjurit announced that his country plans to help Iran to set up assembly-line of Toyota cars in Aras Free Zone in the Northwestern parts of the country. 'Negotiations with the head of the Indonesian plant of Toyota Company have been held and he has agreed with launching assembly-line of Toyota cars in Aras Free Zone,' the Indonesian ambassador said in a meeting with Managing Director of Aras Free Zone Mohsen Khadem on Wednesday. The Indonesian ambassador pointed to the production of 1.5 million cars in Iran, and said, 'This is a valuable time to import raw materials and tires to Iran with no third party involved.'" (Fars News, "Envoy: Indonesia Agrees with Setting Up Assembly-Line of Toyota Cars in Iran," 8/20/2014)

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"According to the report, 17 car brands have been permitted to be imported in the current year. The cars include Hyundai (2 models), ABT, Alfa Romeo (2 models), MG, SsangYong, Toyota, Renault (6 models), and Kia (2 models)." (Azer News, "Iran bans imports of renowned car brands," 5/27/2013) 

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"Toyota Motor Corp (7203.T) said on Wednesday it had suspended auto exports to Iran indefinitely since June, amid growing international scrutiny of companies dealing with the country." (Reuters, "Toyota says halted exports to Iran since June," 8/11/2010)

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"Sales of Toyota vehicles in Iran are handled by an independent Iranian company, and over the last five years, Toyota’s sales there represented less than a 1 percent share of the Iranian market, said a company spokesperson, Mira Sleilati." Toyota was the recipient of $154.4 million in US funds and revenues to conduct business in Iran.  Their business activities in Iran are active.  (The New York Times, "Profiting from Iran, and the U.S.", 3/6/2010)