New Toyota China plant

• Source: Global Times
• [00:36 April 29 2010]
• Comments

Toyota Corolla

Toyota Motor Corp said Wednesday it would begin production at a new Chinese factory, construction of which had been put on hold during the financial crisis, in the first half of 2012.

The site would be the third factory operated by Toyota's local joint venture with the FAW Group, Sichuan FAW Toyota Motor Co.

Toyota said in a statement the 3.8 billion yuan ($557 million) plant will initially produce the Corolla model at a pace of 100,000 units a year.

Reuters