The Chinese government gives the go-ahead to Toyota Motor Corp. for its planned joint venture with Guangzhou Automobile Industry Group Co. Ltd. The China State Council approved the JV, which initially is expected to turn out 10,000 Camry sedans per month beginning in mid-2006 and raise output to 200,000 units annually soon after. The JV will be owned 70% by Toyota, with Guangzhou holding the remaining 30%. Total investment reportedly is RMB2.2 billion ($265.8 million). Toyota already ...

Premium Content (PAID Subscription Required)

"China OKs Toyota/Guangzhou JV" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.