Toyota Motor Corp. and First Automotive Works (FAW) of China ink an agreement for a strategic partnership that will see the production of 300,000-400,000 vehicles a year for the Chinese market. Toyota already is aligned with Chinese auto maker Tianjin Automotive Xiali Corp., which just signed a deal with First Auto Works. LINK: Tianjin Sells Controlling Stake to FAW Toyota and FAW will produce a wide range of vehicles for the Chinese market, including compact cars, luxury sedans and ...
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