Date
24 August 2017

GAC Toyota on course for 20% sales volume growth, paper says

GAC Toyota Motor Co., an auto manufacturing venture between Guangzhou Automobile Group Co. Ltd. (601238.CN, 02238.HK) and Toyota Motor Corp., is set to achieve 20 percent growth in vehicle sales this year, National Business Daily reported Thursday, citing executive vice president Li Hui. The official was quoted as saying that sales volume is expected to be more than 300,000 for the year. Meanwhile, president Kazuhiro Kobayashi said the firm will introduce a new small-sized car model in China next year, the report said.

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TL/AC/RC

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