Business / highlights

Toyota not to close China factories: spokesman

(Xinhua) Updated: 2012-10-18 09:21

TIANJIN -- Leading Japanese carmaker Toyota on Wednesday denied reports saying that it would temporarily close some of its factories in China amid strained bilateral ties.

Related publication:

Toyota not to close China factories: spokesman

A spokesman for Toyota Motor (China) Investment Co Ltd, a subsidiary of the Toyota Motor Corp, said growing tensions between both countries have dampened sales in China, with some stores receiving fewer customers and subsequently fewer orders.

The spokesman said Toyota factories in China - all established through joint ventures with Chinese partners - are expected to adjust production amid falling demand, although the company will not close any factories or pull out of the Chinese market.

"Because every Toyota factory in China is a joint venture, any decision regarding their operation is the result of negotiations between all partners," the spokesman said.

Tensions between China and Japan have risen since early September, when Japan announced plans to purchase part of the Diaoyu Islands in the East China Sea.

Beijing has repeatedly maintained that the Diaoyu Islands are part of China's inherent territory.

Anti-Japanese protests were held in a number of Chinese cities in September.

Toyota's recalls:

Massive recall latest in Toyota's woes
Toyota to recall 1.4m vehicles in China
Toyota to recall 160,000 autos in China

A blow to Toyota:

Toyota plans to halt production for a week in Tianjin
Toyota's China sales fall by half
Toyota's 2011 sales growth in mainland slows to 4%

Toyota's ambition:

Toyota: China deliveries may double by 2015
Toyota: Recovery from the tsunami
Toyota's ambitious plan for No 1 global market

For more subscription details of Auto China, please visit our E-Shop.

Hot Topics

Editor's Picks