According to the National Business Daily, FAW-Toyota is likely to postpone its CNY4bn Changchun plant project due to financing problems.
 
Chengdu-based Sichuan FAW Toyota Motor has held a ceremony to mark the groundbreaking of the plant in Changchun, the capital city of Jilin Province.
 
The plant, set to start production in 2010, has an annual production capacity of 100,000 units and will produce the Corolla model.
 
The paper said that FAW Group and the local government have already injected funds, but Toyota has not injected any money, causing financing problem for the project.
 
Toyota China told reporters that there is no timetable for the project now and it will closely watch the market demand.

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