UMW Toyota Motor (UMWT) will be making a major announcement on Monday, September 27, 2021, which it says will be ‘inviting Malaysians on a journey that will give them the opportunity to experience a part of the future, today’. According to the company’s Deputy Chairman, Akio Takeyama, this development will have ‘a big impact on not only the brand but the industry as a whole, and the lifestyle as well as choices that we have become so accustomed to’.
Details of the announcement are not revealed but Mr. Takeyama associates it with Toyota Motor Corporation’s global commitment by 2050. This would refer to the Toyota Environmental Challenge 2050 (Challenge 2050) which has 6 challenges that are the most demanding and most inspiring environmental commitments the world’s No.1 carmaker has ever made. The goals of Challenge 2050 apply to all Toyota subsidiaries around the world, including UMWT which is a joint-venture between United Motor Works (UMW), Toyota Motor Corporation and Toyota Tsusho Corporation.
It is therefore likely to be related to the July announcement about UMWT planning to invest RM270 million for assembly of Toyota hybrid models in Malaysia. The investment will be additional to the RM2 billion that was made the construction and commissioning of a second assembly plant in Bukit Raja, Selangor, which began operations in January 2019.
UMW Toyota Motor to invest RM270 million for assembly of Toyota hybrid models
