Tentative Agreement Reached On 11/18/95 Between Toyota and China

  1. Board
  2. 4 - Foreign
  3. 4 - The New Chin
  4. 1 - Foreign Investment Commission of China
  5. Contribution
  6. Equity
  7. Toyota = 60%
  8. China = 40%
  9. Ownership
  10. Toyota = 49%
  11. China = 51%
  12. Production
  13. Initially 200,000 car production capability
  14. Expansion capabilities of up to 400,000 cars in the next five years
  15. Location: Tianjin
  16. Technology Transfer: 40% of cars will be manmufactured in China to increase 5% every year thereafter. With 70% capacity which can be increased upon approval of board of directors.