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Production - China - Toyota Motor's plans to build third Tianjin plant
TOKYO,Japan -The Detroit News (Detroit,Mich,USA)/Associated Press -Oct 26, 2005: -- Toyota Motor Corp. said that its joint venture with China's biggest automaker plans to build a third plant in China with an annual production capacity of 200,000 passenger cars... Tianjin FAW Toyota Motor Co., set up by Toyota and China FAW Group Corp., is currently applying for Chinese government approval of the joint project in China's northeastern city of Tianjin... Last year, Toyota models accounted for 2.1 percent, or 98,000 units, of the estimated 4.6 million vehicles sold in China... The world's major automakers are bolstering their presence in China to make inroads into the country's growing auto market...
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