UPDATE 1-Toyota China partner Q2 slumps, price wars bite

Newswire

(Adds company, analyst comment, forecasts, stock action) By Ben Blanchard SHANGHAI, Aug 24 (Reuters) - Toyota's main partner in China posted a 79 percent slump in second-quarter earnings on Tuesday, hit by credit curbs, but analysts said the second half should be better if Beijing eases up on the economic brakes. Tianjin FAW Xiali Automobile Ltd. , which makes Toyota Motor Corp.'s Vios and Corolla sedans, said gross profit in the first nine months would slide by more than half, a sign ...

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