Toyota Motor Philippines Corp will initially invest more than 1 billion yen (Bt 310.5 million) for an assembly facility in Laguna, as part of the firm’s preparations to participate in the Manila’s Comprehensive Automotive Resurgence Strategy (Cars) programme. TMP president Satoru Suzuki said last Thursday that the company had already secured the approval of its parent firm in Japan to apply for the CARS programme. Although he did not cite the specific model to be enrolled, it has already been announced that the company was considering the Toyota Viso for the Scheme.