Toyota Auto Body will also continue to make every effort to build ever-better vehicles as a specialist and independent automaker.

Toyota Motor Corporation (Toyota) and Toyota Auto Body Co., Ltd. (Toyota Auto Body) have agreed to completely transfer Toyota's van planning, development, and production business to Toyota Auto Body. This agreement came into effect this November and replaces the previous outsourcing arrangement. This decision will enable both companies to accelerate efforts to speed up decision making, reduce the amount of work hours required for development, and lower costs, thereby further strengthening the competitiveness of Toyota and Toyota Auto Body's van business.

Taking the opportunity of this agreement, Toyota Auto Body intends to utilize its extensive knowledge of the van business to achieve further cost reductions, while upholding the common objectives of the CV Company. Toyota Auto Body will also continue to make every effort to build ever-better vehicles as a specialist and independent automaker. It is focused on listening closely to the needs of customers around the world, speedily delivering vehicles that bring a smile to their faces.

The CV Company will continue to strengthen its efforts to build ever-better vehicles by utilizing and maximizing the strengths of both companies in their respective specialist fields.

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