UPDATE 2-Toyota, Guangzhou Auto close to China JV -official

Newswire

(Adds Toyota response) By Alison Leung GUANGZHOU, China, July 23 (Reuters) - Japan's largest car maker, Toyota Motor Corp , plans to team up with a Chinese partner to make sedans in the booming southern city of Guangzhou, a top city official told Reuters on Wednesday. Lin Yuan He, executive vice mayor of Guangzhou, said a tie-up with Guangzhou Automobile Industry Group to make Camry sedans was awaiting approval from Beijing. "The negotiations have been proceeding very smoothly, and ...

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