(recasts adding company quotes, analyst comment, details) By Tiffany Wu SHANGHAI, Aug 29 (Reuters) - China's largest auto maker, FAW, cemented a partnership with Japan's Toyota Motor Corp on Thursday by agreeing to produce jointly up to 400,000 cars a year by 2010 and take a controlling stake in Toyota's current Chinese partner. The pact to make a broad range of cars -- from luxury sedans to compacts to sport-utility vehicles -- aims to win a 10 percent share of the rapidly growing but ...
Premium Content (PAID Subscription Required)
"UPDATE 3-China's top auto firm strikes deal with Toyota" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.