I Post Entirely Way Too Much
Join Date: Mar 2007
Location: Ellicott City, MD
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So as you can see. Its a subsidary of Toyo, but a U.S Corporation, they make the tires here, they employ people here. And they pay taxes here. But technically Toyo owns it. Its like Ford owning Mazeratti or Land Rover.
Nitto Tire to be US Spin-Off(27,June,2005)
OSAKA, JAPAN - June 27, 2005 - Toyo Tire & Rubber Co. Ltd. (President: Yoshio Kataoka) will spin off the Nitto brand division of Toyo Tire (USA) Corp., a sales subsidiary, and incorporate it as a separate company, to be called Nitto Tire North America Incorporated, effective July 1, 2005.
The Toyo Group has been striving to enhance the value of the Nitto brand in the US market for High Performance product segments, from Passenger Car tires , SUV tires and Light Truck tires. Nitto Tire North America Inc. is expected to contribute to further boost sales of Nitto tires, especially from the new US plant scheduled for completion in 2006, through timely, flexible, and creative marketing.
Overview of the New Company
1. Name:NITTO TIRE NORTH AMERICA INCORPORATED
2. Location:Schedule to open new corporate headquaters at 6021 Katella Avenue, Cypress, CA 90630 on September 1st, '05
3. Chairman:Shozo Kibata
4. Capitalization: US$7 million
5. Date of establishment:July 1, 2005
6. Accounting year:Fiscal year ending December 31
Last edited by 07stanggt; September 15th, 2009 at 06:46 PM.