Japanese carmakers cluster in richer South China

Newswire

By Alison Leung GUANGZHOU, China, July 25 (Reuters) - A latecomer to China's auto manufacturing boom, the wealthy Pearl River Delta region is racing to make up for lost time with the help of Japan's three biggest carmakers. Toyota Motor Corp is close to signing a joint venture to build sedans in Guangzhou, a top municipal official says, and rival Honda Motor Co is set to nearly double output this year through a joint venture with a unit of Denway Motors . A new US$2 billion joint ...

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