CHINA: Toyota-Guangzhou engine JV to export two-thirds - report
Guangzhou Automobile Industrial Group reportedly said its planned joint venture plant with Toyota Motor would make 300,000 engines per year when it starts production in 2005, according to Reuters. Guangzhou Auto chairman Zhang Fangyou told the news agency on the sidelines of a conference that about two thirds of the two to three-litre engines, which will be made for Toyota's mid-sized models such as the Camry, will be earmarked for export.
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