xcel
10-23-2009, 12:32 PM
Hi All:
___Not news worthy but interesting to see the separation of the two companies... I have been wondering why Toyota was in the home building business in the first place and it looks like they have finally questioned their entry into that market as well?
Toyota's Housing Operations to Integrate under Toyota Housing Corporation
Toyota Motor and Toyota Housing announce the complete integration of Toyota's housing operations under THC, effective Oct. 1, 2010. The move is aimed at achieving quick decision-making and flexibility, as trends toward a low-carbon society, falling birthrates and an aging population change Japan's housing market.
Specifically, TMC's business-planning, technology-development and production operations for Toyota-brand houses, which are only sold in Japan, will integrate with THC's product-development, sales, marketing and construction operations for such houses.
THC, which was established in 2003 and which sold more than 5,000 detached houses in the business year ending March 31, 2007, intends to draw on the strengths of Toyota to offer houses unlike any others in terms of the environment, health, safety and security. It also intends to develop its housing operations into a core business of the Toyota Group and to achieve a larger presence in Japan's housing industry.
___It appears that the parent still owns THC but is moving assets around so as to possibly remove it from the books vs. investing any real $’s back into the unit?
___Good Luck
___Wayne
___Not news worthy but interesting to see the separation of the two companies... I have been wondering why Toyota was in the home building business in the first place and it looks like they have finally questioned their entry into that market as well?
Toyota's Housing Operations to Integrate under Toyota Housing Corporation
Toyota Motor and Toyota Housing announce the complete integration of Toyota's housing operations under THC, effective Oct. 1, 2010. The move is aimed at achieving quick decision-making and flexibility, as trends toward a low-carbon society, falling birthrates and an aging population change Japan's housing market.
Specifically, TMC's business-planning, technology-development and production operations for Toyota-brand houses, which are only sold in Japan, will integrate with THC's product-development, sales, marketing and construction operations for such houses.
THC, which was established in 2003 and which sold more than 5,000 detached houses in the business year ending March 31, 2007, intends to draw on the strengths of Toyota to offer houses unlike any others in terms of the environment, health, safety and security. It also intends to develop its housing operations into a core business of the Toyota Group and to achieve a larger presence in Japan's housing industry.
___It appears that the parent still owns THC but is moving assets around so as to possibly remove it from the books vs. investing any real $’s back into the unit?
___Good Luck
___Wayne