Toyota Motor Corporation (NYSE:TM): Closing price $102.50
Toyota says that a Russia-based vehicle-assembly venture OOO Sollers-Bussan, has begun manufacturing Toyota-brand Land Cruiser Prado SUVs at its plant in Vladivostok. The OOO Sollers-Bussan venture was established in 2010, and is half-owned half by Sollers and half by Mitsui & Co., having the capacity to initially produce about 1,000 SUVs a month.Vehicles assembled by Sollers-Bussan will be transported out primarily on the Trans-Siberian railway and sold via Toyota’s dealer network in Russia. The Japanese automaker said it was providing components along with maintaining product quality through training and management support activities.
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