The FAW-Toyota joint venture in China reportedly has trimmed its annual sales target by 6% to 620,000 units after demand this year was less than anticipated.
Year to date sales by the JV rose 8% to 342,900 by the end of August but that growth was less than the Chinese market gained overall, the Wall Street Journal reported.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now