Toyota Tsusho, Hino to Boost Saudi Truck Sales Network
Tokyo, Oct. 2 (Jiji Press)--Japanese trading house Toyota Tsusho Corp. <8015> and Hino Motors Ltd. <7205> said Wednesday they will bolster a sales network for Hino trucks in Saudi Arabia.
Toyota Tsusho set up a truck wholesale joint company with Saudi conglomerate Jamjoom Group in July. The new company, Tsusho Jamjoom Trading Co., has started full-scale sales activities.
The new wholesaler, held 51 pct by Toyota Tsusho, combines Jamjoom Group's local sales network with the trading house's know-how on after-sales services, such as vehicle inspections and repair.
Toyota Tsusho began exporting Hino trucks to the Middle East country in 1972. It will renovate two local bases in 2020 to improve services.
[Copyright The Jiji Press, Ltd.]