UPDATE 1-Toyota, Guangzhou Auto close to China JV -official

Newswire

(Adds details, background) By Alison Leung GUANGZHOU, China, July 23 (Reuters) - Japan's largest carmaker Toyota Motor Corp and Guangzhou Automobile Industry Group plan to form a joint venture to make sedans in southern China, a top city official told Reuters on Wednesday. Lin Yuan He, executive vice mayor of Guangzhou, said the tie-up to make Camry sedans was awaiting approval from Beijing. "The negotiations have been proceeding very smoothly, and construction can start right after ...

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