TOKYO – A complex new deal promises to catapult Toyota Motor Corp. from bit player to star performer holding 10% of China's exploding passenger car market. The heart of the scheme is a "cooperative relationship" established in August with First Auto Works (FAW) that involves a joint effort to produce 200,000 vehicles annually in China by 2005 and up to 600,000 annually by 2010. "As a latecomer to the Chinese automotive industry, Toyota was clever to ally itself with China's biggest ...
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