JAPAN: China Says Yes To Toyota Production Plans
Japan's largest automaker, Toyota Motor Corp. has announced it has won approval from the Chinese government for its plan to launch automobile production in Tianjin, northern China. With the long-awaited approval, the world's third-largest automaker will form an equally-owned joint venture with China's Tianjin Automotive Xiali Corp. with a total investment of $100 million, the company said.
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