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TOYOTA TO MAKE, SELL CAMRY HYBRID IN CHINA FROM 2010.
TOKYO, July 1 Asia Pulse - Toyota Motor Corp. (TSE:7203) will begin manufacturing the hybrid version of the Camry sedan in China in 2010, aiming to jump-start sales of environmentally friendly cars there in anticipation of growing demand.
The Japanese automaker plans to produce 10,000 of the cars a year at Guangzhou Toyota Motor Co., its joint venture with Guangzhou Automobile Group Co. in the southern province of Guangdong.
Toyota has been making and selling the Prius hybrid in China since 2005, but 2007 sales stalled at around 1,000, or one-third of its target. The firm aims to retrench with a new offering, hoping to parlay the Camry's strong brand name into substantial hybrid sales. Some 170,000 of the gasoline-powered models sold in ...
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...US$435.91 million), Guangzhou Toyota's second production line...within the factory area of Guangzhou Toyota Motor Co. Ltd (GTMC), near the first production line. Guangzhou Toyota made a record by constructing...
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- Magazine article from: Automotive News Treece, James B. May 14, 2007 700+ words
...Tsusho Corp.: 5% Sichuan FAW Toyota Motor Co. Plant 2 No. 5 Dongfeng...Ownership: FAW Auto: 50% Toyota Motor Corp.: 45% Toyota Tsusho Corp.: 5% JV: Guangzhou Toyota Motor Co. No. 8 Huangge Duan Huangge...
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...Tsusho Corp.: 5% Sichuan FAW Toyota Motor Co. Plant 2 No. 5 Dongfeng...Ownership: FAW Auto: 50% Toyota Motor Corp.: 45% Toyota Tsusho Corp.: 5% JV: Guangzhou Toyota Motor Co. No. 8 Huangge Duan Huangge...
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...Tsusho Corp. 5% Sichuan FAW Toyota Motor Co. - Plant 2 No. 5 Dongfeng...Prius Ownership: FAW Group 50% Toyota Motor Corp. 45% Toyota Tsusho Corp. 5% JV: Guangzhou Toyota Motor Co. No. 8 Huangge Duan Huangge...
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...Tsusho Corp. 5% Sichuan FAW Toyota Motor Co. - Plant 2 No. 5 Dongfeng...Prius Ownership: FAW Group 50% Toyota Motor Corp. 45% Toyota Tsusho Corp. 5% JV: Guangzhou Toyota Motor Co. No. 8 Huangge Duan Huangge...
Source: HighBeam Research, TOYOTA TO MAKE, SELL CAMRY HYBRID IN CHINA FROM 2010.