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Toyota Motor Philippines Corporation (TMP) is a subsidiary of Toyota, based in Santa Rosa, Laguna, Philippines, responsible for the assembly and distribution of Toyota vehicles in the Philippines since 1988. The company was established on August 3, 1988, as a joint venture between Toyota, Mitsui & Co and GT Capital. [1] [2] [3]
The Toyota-badged model is sold and marketed as the Toyota Raize in Japan and most international markets. It is mostly identical with the Rocky, differentiated by its front fascia which adopted Toyota's corporate look. [23] The international (A250) model, mainly sold for emerging markets, is manufactured in Indonesia by Astra Daihatsu Motor. [15]
Cars included Mercedes-Benzes, BMWs, Alpinas, Ferraris, Jaguars, Lamborghinis, Porsches, a C3 Corvette Stingray. The most recent one being a Mclaren 620R. The car was seized in Port of Manila in 2020 and was destroyed a year later in June 2021 along with other vehicles. [61] [62] Politicians have shown concerns about the destroyed vehicles.
This is a list of vehicles that have been considered to be the result of badge engineering (), cloning, platform sharing, joint ventures between different car manufacturing companies, captive imports, or simply the practice of selling the same or similar cars in different markets (or even side-by-side in the same market) under different marques or model nameplates.
According to Toyota, it was first approached by Sanwa Bank, banker of Daihatsu. [8] In 1995, Toyota increased its shareholding in the company from 16.8% to 33.4% by acquiring shares from other shareholders: banks and insurance companies. [7] At the time, the company was producing mini-vehicles and some small cars under contract for Toyota. [7]
PT Toyota-Astra Motor (also called TAM) is an automobile trading company based in Jakarta, Indonesia.It is a joint venture company between Toyota Motor Corporation and Astra International with a distribution of shares of 50% and 50% respectively, acting as a sole agent, distributor, and importer of Toyota vehicles.
Raize may refer to: Toyota Raize, a rebadged A200 series Daihatsu Rocky subcompact crossover SUV; Jason Raize (1975–2004), an American actor
While Toyota targeted a total sales of 30,000 for the year 2004, in January, a total of 25,000 bookings for the car had been received, leading to the increase of production capacity. [ 48 ] [ 49 ] It sold 43,936 units in that year, which made it the third best-selling car in Indonesia. [ 50 ]