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tdp2664 E money daily Toyota Motor Corporation (NYSE:TM) has plans to manufacture key components for hybrid vehicles outside Japan. Toyota Motor Corporation (NYSE:TM) To Change Hybrid Manufacture BBC News has reported that Toyota Motor Corporation (NYSE:TM), the world's biggest carmaker, will manufacture key components for its hybrid cars outside Japan. This move was taken in order to increase sales. Toyota Motor Corporation (NYSE:TM) will begin making parts at its research and development facility in China, and may also manufacture electric motors and batteries also at its Chinese facility. Paul Nolsco, a spokesperson for Toyota Motor Corporation (NYSE:TM), said that, "Everybody recognizes that China is going to be a very important market for all car manufacturers. Given the scale that Toyota Motor Corporation (NYSE:TM) hopes to achieve in China, it makes more financial sense to make these parts there". Toyota Motor Company (NYSE:TM) shares are currently standing at 68.04. Price History Last Price: 68.04 52 Week Low / High: 68.85 / 93.9 50 Day Moving Average: 78.74 6 Month Price Change %: -23.8% 12 Month Price Change %: 1.6%
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