Earlier this year, Hydro’s Raufoss plant in Norway was awarded one of Toyota's supplier awards for supreme performance in 2003. The award was in recognition of the organization's strong performance in its Avensis deliveries.
Now, the Structures business unit is supplying front beams for the Japanese carmaker's Corolla Verso, the medium-sized minivan assembled at Toyota's plant in Adapazari, Turkey.
About 85 percent of the vehicle's outsourced components are purchased in Europe. Of these 85 percent, about three-fifths are bought from companies based in Turkey, meaning a little more than 50 percent of all brought-in parts are sourced in Turkey.
The Corolla Verso, which debuted in Western Europe in May, will compete against vehicles like the Renault Scenic, Opel Zafira and Citroen Xsara Picasso. Each of the three models are on pace to sell more than 200,000 units this year, according to Automotive News Europe, which adds that Toyota aims to sell 52,000 new Versos this year and 100,000 in 2005.
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