Toyota in talks to build new China plant
In the first quarter of 2007 Toyota became the world's top-selling automaker-overtaking US rival General Motors. Now the Corporation is negotiating with one of it’s venture partners in China about the possibility of building another plant there to tap its fast-growing auto market, due to the growing demand for automobiles, a spokesman said Thursday to AFP-TOKYO.
No decision has been taken about when construction might begin or what capacity the facility would have, said Toyota spokesman Paul Nolasco.
Toyota's joint venture in China with partner Guangzhou Automobile already has one plant in Guangdong Province producing the Camry, and it will start rolling out the Yaris by mid-2008 to meet rising demand in China for fuel-efficient vehicles. “Toyota is also discussing the possibility of building a second plant and introducing new models for production," said Nolasco.
Last week Toyota’s joint venture with China FAW Group Corp. in Tianjin began production of the new Corolla at its number three plant.
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The European, Australasian and North American markets saw the second generation Yaris/Echo at the end of 2005. In the Australian and North American markets the car was sold as "Yaris" for the first time. The production North American 2007 Toyota Yaris was unveiled at the Los Angeles Auto Show in January 2006 more...
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