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Toyota China news

23801 Views 29 Replies 19 Participants Last post by  Chinese LSEV
Tokyo, Japan, June. 12, 2006 - (JCN Newswire) - Toyota Motor Corporation announced today that Sichuan FAW Toyota Motor Co., Ltd. (SFTM), a joint vehicle-production company established with China FAW Group Corporation (FAW) in China in 2005, has added a second version of the Land Cruiser Prado to its production lineup, raising SFTM's overall annual production capacity from 20,000 units to 23,000 units.
The newly added version of the Land Cruiser Prado - the higher-grade Land Cruiser Prado VX - started rolling off the line today at SFTM's Chengdu Plant, which also makes the Land Cruiser Prado GX(*1). Both versions are for the Chinese market; until now, the Land Cruiser VX sold in China was only made in Japan.
Like the Land Cruiser Prado GX, the Land Cruiser Prado VX is to be sold through FAW Toyota Motor Sales Co., Ltd.'s approximately 220 authorized dealers, which started accepting orders from customers today. The Land Cruiser Prado VX is priced at 558,000 Chinese yuan (approximately 7.87 million yen).
With this latest development, Toyota's total annual vehicle production capacity in China now stands at 343,000 units. Outline of SFTM
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Did you even read the news? FAW Sichuan is one of Toyota's joint companies. They will not produce "a copy" but the real thing.
Sales of Toyota Reiz reached 100,000

Major success from Toyota!
TOYOTA Motor Corp yesterday announced that sales of its Reiz sedan topped 100,000 units in China over the past two years and played a key role in achieving aggressive sales in the world's second largest auto market.

The mid-to-high class sedan was locally built by FAW Toyota, a joint venture formed by Toyota and China's First Automotive Works Group, and hit the market in 2005 as the first Chinese-made front-engine, rear-drive sedan in China.

It has been competing with Ford's Mondeo, General Motors Corp's LaCrosse, Nissan's Teana and Honda's Accord in the premier car market expanding at over 20 percent growth year on year. Toyota introduced revamped Reiz sedans in China in October including the sporty edition of its 2.5V Reiz.
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