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Mongolian sumo champ to bridge Toyota and Mongolia

By B.KHASH-ERDENE

Mongolian sumo champion, Yokozuna Hakuho M.Davaajargal is currently visiting Mongolia. Upon arrival, the sumo champion told reporters that he will bridge Japan’s prominent auto maker, Toyota with Mongolia.
“I came on a business visit. I have good relations with Toyota and I plan to collaborate with them on importing Toyota products to Mongolia,” said M.Davaajargal.
During his stay in Mongolia, the yokozuna will host a reception of Japanese delegates.
Hakuho M.Davaajargal said that Toyota has always been supportive of Mongolian sumo wrestlers in Japan, and offered a helping hand in times of economic hardship.
Toyota brand cars are extremely popular in Mongolia due to their affordable price and ability to withstand Mongolia’s irregular and extreme temperatures. According to a study in 2011, around 45 percent of all cars in Ulaanbaatar were Toyota models. Analysts believe that this number has increased drastically in recent years as car sales, especially Japanese car imports, rose substantially.
Toyota was the largest automobile manufacturer in 2012 (by production). In July of that year, the company reported the production of its 200-millionth vehicle. Toyota is the world’s first automobile manufacturer to produce more than 10 million vehicles per year. The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father’s company, Toyota Industries, to create automobiles. Toyota Motor Corporation (TMC) produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Scion. It also holds a 51.2 percent stake in Daihatsu, a 16.66 percent stake in Fuji Heavy Industries, a 5.9 percent stake in Isuzu, and a 0.27 percent stake in Tesla, as well as joint-ventures, with two in China (GAC Toyota and Sichuan FAW Toyota Motor), one in India (Toyota Kirloskar), one in the Czech Republic (TPCA), along with several “nonautomotive” companies. TMC is part of the Toyota Group, one of the largest conglomerates in the world.

Short URL: http://ubpost.mongolnews.mn/?p=8032

Posted by on Feb 18 2014. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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