TIANJIN — Toyota Motor Corp. is waiting for government approval on a new car-manufacturing project in China, according to a published report here. Japan's leading automaker first entered China in the early 1980s and currently has 28 auto-parts and components factories in China, with a registered capital of US$372 million. Some 16 subsidiaries are located in Tianjin. Up to now, Toyota has failed to localize cars built by a joint venture between it subsidiary, Daihatsu Motor Co. Ltd., and ...

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