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Toyota to launch China-only brands

Nov 22 2012 09:51 Reuters


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Beijing - Toyota will launch two China-only brands through its two Chinese joint ventures starting next year, a senior executive said on Thursday.

Toyota makes cars in partnership with FAW Group and Guangzhou Automobile Group.

Hiroji Onishi, Toyota's senior managing Officer, did not say which venture will roll out its China-only brand first.

Rivals Nissan and Honda are among other foreign automakers that also have China-only brands.

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