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THE TOYOTA LINK
Page 64
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Industry analysts have been watching Toyota closely ever since 2001 when it increased its stakeholding in Hino Trucks to become the majority shareholder, Toyota plans to be a topfive player in the global CV market by the end of this decade, which will entail building something like 150,000 trucks a year. It currently makes 95,000 so growth, most likely through acquisition, is essential if it's to meet its targets.
At this stage its European presence is limited to Ireland and the UK, but financial commentators are consistently predicting a takeover of a European truck builder. MAN has been mentioned in recent dispatches, though nothing has advanced since Hino signed a deal with Scania for the import of the Swedes' 4-Series into Japan in 2002,