The flurry of activity by auto makers in China continues as Toyota Motor Corp. and Honda Motor Co. Ltd. are said to be nearing new deals to add capacity there. Toyota reportedly has signed a letter of intent to form a joint venture with China-based First Automotive Works. China’s Xinhua News Agency says the SUV plant, which will be based in northeastern China, will have an initial annual capacity of 10,000 units. The JV marks an expansion of Toyota's existing relationship with FAW. ...
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