Taiwan Isuzu Motors Co. (TIM) was founded December 1995 as a commercial vehicle manufacturer with headquarters in Taipei, Taiwan. The company is both the assembler and distributor of vehicles. The company is is a joint venture between Isuzu owning 69.5%, and the Prince Motor Company with 20% and the Itochu Shoji with 10.5%. The Taiwanese branch required an investment in the amount of 309.4 million New Taiwan Dollar. Currently, the company employs about 50 workers. The plant management reports to the CEO Yoshirou Shinbo . Each year about 2,500 are trucks for distribution in the local market assembled.