21 Feb '12, 1pm

Toyota Korea CEO says may import cars from Europe: Toyota Motor is considering importing cars to South Korea fro...

Toyota Motor is considering importing cars to South Korea from Europe, the head of its South Korean unit said on Tuesday, a possible move aimed at further cutting reliance on neighbouring Japan for shipments amid the yen's strength. -- PHOTO: AP SEOUL (REUTERS) - Toyota Motor is considering importing cars to South Korea from Europe, the head of its South Korean unit said on Tuesday, a possible move aimed at further cutting reliance on neighbouring Japan for shipments amid the yen's strength. Toyota Korea is 'studying' the possibility of bringing in products from Europe, Mr Tommy H. Nakabayashi, president and chief executive officer (CEO) of Toyota Motor Korea, told reporters, without elaborating. Toyota has a meagre presence in South Korea, which is dominated by local rivals Hyundai Motor and Kia Motors, but Mr Nakabayashi said it aimed to boost local sales by 160 per cent...

Full article: http://www.straitstimes.com/Motoring/Story/STIStory_76901...

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