Toyota, China's FAW to build new China car plant

Automotive Industries, May, 2003

Toyota Motor Corp. signed a deal to expand its alliance with China's First Automotive Works (FAW), including the construction of a new vehicle plant in Tianjin, China. The plant will produce cars based on Toyota's Crown luxury sedan beginning in 2005 with an initially output around 50,000 vehicles a year.

The two companies also plan to jointly produce three other Toyota models--the Corolla, the Land Cruiser and the Land Cruiser Prado--at existing factories in China.