An announcement here on Wednesday said that the IMC would continue to focus on increasing the use of local components in car manufacturing.
The investment will lead to more transfer of technology, create increased employment and above all increase localisation of parts.
It said that the IMC, a joint venture company of the Toyota Motor Corporation, the Toyota Tsusho Corporation and the House of Habib, as part of its long-term strategy in Pakistan plans to expand and roll out phase-II of the Press Shop in 2010-11 for making additional body parts.
Published in the Express Tribune, June 10th, 2010.
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