TOYOTA MOTOR MANUFACTURING TURKEY
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TMMT increases its capacity to 150,000 units

22 Mart 2010
Adapazarı - TOYOTA MOTOR MANUFACTURING TURKEY inc. (TMMT) one of the European production bases of Toyota, increases its capacity to 150,000 from 100,000 with a new model on the production line.

MT is growing
 
Along with capacity increase and new model, TMMT has announced its year 2003 results too. TMMT produced 70,000 units in year 2003, exporting 63,000 of them mainly to Europe, an increase of 42 percent compared with the year 2002. Export revenue increased 33 percent to 600 million Euros while turnover increased 40 percent to 760 million Euros. Growth trend will continue in year 2004, as production will reach 127,000 units and majority of them will be exported to 36 different countries.
 
Success in production and exportation of New Generation Corolla, high quality level and remarkable success in double shift led the capacity increase and new model granted by Toyota Motor Corporation Japan. Starting from August 2004, full capacity usage will be utilized in TMMT and 2004 calender year production will be 130,000 units. In year 2003,180 million Euros investment is made and total investment reached 700 million Euros.

A milestone in Turkish Automotive history : New Corolla Verso
 
The reason for the capacity increase is to produce the new model of Corolla Verso along with existing models that are Corolla Sedan and Station Wagon. New Corolla Verso will only be produced in Turkey and scheduled for production of 73,000 units mainly for European market.
 
New Corolla Verso, the third model of TMMT, uses design, modularity and quality to attract a broader range of C- segment for all over the Europe market and it is a milestone in Turkish Automotive industry since it will be the first model in its segment that will be produced in Turkey. The investment made for the production of New Corolla Verso is around 140 million Euros.
 
Designed in ED 2, Toyota's European Design Center in Nice, New Corolla Verso can accommodate up to 7 people. In addition, all the 5 rear seats can be flat folded creating a completely flat cargo space, without the need of removing any seat from the interior. There will be three cylinder volumes for the new model, 1.6 and 1.8 for gasoline engine and 2.0 for diesel engine.
 
Sales of New Corolla Verso will start in May in Europe and 62,000 units of sales are expected in year 2004. At the moment, Corolla Hatchback is being produced in Toyota UK factory and with the introduction of new Corolla Verso, all Corolla lineup will be produced in Europe. Further to successful introduction of Toyota models in Europe, New Corolla Verso shows the commitment of Toyota to European market and its intention to grow in this market.
 
The all new Toyota Corolla Verso will have its world premiere at the Geneva Motor Show, on the 2 nd of March 2004.