Toyota to launch China-only brands from next year
BEIJING, Nov 22 — Toyota Motor Corp will launch two China-only brands through its two Chinese joint ventures starting next year, a senior executive said today.
Toyota makes cars in partnership with FAW Group and Guangzhou Automobile Group Co.
Hiroji Onishi, Toyota’s senior managing officer, did not say which venture would roll out its China-only brand first.
Rivals Nissan Motor Co and Honda Motor Co are among other foreign automakers that also have China-only brands. — Reuters