FinanceET Techabout 2 hours ago
Toyota China Joint Venture Consolidation Signals Industry Reset
6 min read
Guangzhou Automobile Group plans to acquire part of FAW Group's stake in their Toyota joint venture, consolidating the Japanese automaker's two separate China operations. The move addresses China's massive auto overcapacity, where annual production capacity exceeds 55 million vehicles while domestic sales are less than half that figure.
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