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Bangkok (VNA) – Leading Japanese carmaker Toyota Motor Corporation has chosen Thailand as its compact car development and production centre for export, according to Thai media.

Shinya Kotera, managing officer of Toyota Motor, revealed the information to Thai Deputy Prime Minister Somkid Jatusripitak at a recent meeting in Bangkok.

The move is part of Toyota’s emerging-market compact car scheme, which will be developed together with its fully-owned subsidiary Daihatsu. The company had previously announced the establishment of the new internal company, which was christened the ‘Emerging-market Compact Car Company’.

The company will develop compact cars specifically for developing countries, leveraging on Daihatsu’s expertise of producing quality and affordable products, and remaining “untethered by conventional practices and rules.”

Once being approved by Toyota’s board of directors in May this year, this will be the company’s largest project in 50 years.

Toyota also pledges to support technology development and human resources training for Thailand’s auto industry, said the Thai Deputy PM.-VNA