Toyota gets green light for Guangzhou car engine JV


TOKYO/HONG KONG, Nov 17 (Reuters) - Japan's No 1 automaker, Toyota Motor Corp , said on Monday that the Chinese government has approved its establishment of a joint venture to make car engines in the China's southern city of Guangzhou. "We're considering engines for medium-sized cars, but nothing has been decided," a Toyota spokesman told Reuters. Hong Kong media quoted the city's mayor Zhang Guangning as saying Toyota will invest 30 billion yen (US$275 million) in the venture with ...

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