toyota Flashcards
established in ….
japan 1937
first overseas plant
brazil
22yrs after establishment
in 2004 the company …
employed 1/4 mill worldwide
26 countries
3rd largest automobiles worldwide
1 vehicle every 6s
moved to the UK in…
1992
fourth largest exporter if fully built cars - 20% UK 75% EU 5% other
in 2002 totyotas net contribution to the UKs balance of payments
£500 million
in 2003 the UKs toyota factory was …
the first EU factory to ship back to japan
why locate in EU
access to EU- low tariffs and quotas
locate in the countries they can serve
why UK (6)
tradition of engineering
good skilled workforce
UK has solid transport links to customers and supply partners
domestic market
easy language as many japanese speak english
Inward investment strongly supported by government
benefits for toyota (5)
domestic market
skilled & flexible workers with history/experience in manufacturing
first class environment to live
popular language
effective infrastructure- electricity, gas, water, telephones
large 600 acres (room for expansion), transport links to nearby cities (Derby and Chester)
benefits for UK/Derbyshire (7)
Infrasturcture development e.g. new roads etc. built around factory
2400 created jobs during construction
3000 employment in factory - secure as large company HOWEVER Brexit may cut some
Inward investment into local economy & tax revenue
less racism and nationalism as mixing culture and workforces
improved tech, training and skills introduced to area
more export = better balance of payments
jobs created building site
jobs created for company
2400
3000
