Toyota Motor Corporation (TM) to Begin Construction of New Tokyo Head Office, Opening Planned for FY2030
Toyota Motor Corporation (NYSE:TM) has announced that it will begin construction of its new head office in Tokyo with Keikyu Corporation on May 31.
The new facility will be located next to the Shinagawa Station, one of Japan's major transportation hubs. It is set to create a new base to promote the company's full transformation into a mobility company. The building is expected to open in FY2030.
Workers assembling a car in a modern manufacturing plant, emphasizing the company's sense of progress.
In a press release shared on Monday, the Toyota Motor Corporation (NYSE:TM) said that the new head office will focus on two important themes: carbon neutrality and expanding the value of mobility. It will also serve as a base for people to come together and collaborate on creative ideas to generate synergy.
Toyota Motor Corporation (NYSE:TM) plans on offering an 'engineer-first environment' at its new head office by serving as a development base for artificial intelligence, software, and other forms of intelligence. Moreover, the company is also considering implementing the Genki-Kûkan initiative, where employees can work alongside plants and other natural elements to enhance their mental and physical well-being.
Here is what Toyota Motor Corporation (NYSE:TM)'s President Koji Sato said during the groundbreaking ceremony on May 23:
"The new Tokyo Head Office will be a key base for Toyota's transformation into a Mobility Company. We will create an environment where diverse talents can come together and unleash their creativity, accelerating our efforts to enrich lives through mobility. Furthermore, aiming to be 'Best-in-town,' we are committed to contributing to the further development of the Shinagawa Station area, firmly rooted in the local community."
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READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now.
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