- New factory in Changchun, China will build Toyota Corollas, starting in 2012.
- The $555-million plant is in partnership with FAW Group.
- Initially, the factory will have the capacity to build 100,000 Corollas a year.
CHANGCHUN, China — Toyota has restarted construction of a $555-million plant in northern China, in partnership with FAW Group, one of the country's largest automakers.
Sichuan FAW Toyota, which currently assembles the Prius and the Land Cruiser, is building the plant in Changchun, near FAW's headquarters. Initially, the factory will have the capacity to build 100,000 Corollas a year, beginning in the first half of 2012.
Construction was delayed last year during the global financial crisis. When the plant is completed, it will give Toyota annual production capacity in China of nearly 1 million vehicles.
Toyota operates several joint-venture plants with FAW. In addition, it has an alliance in the south, with Guangzhou Auto.
FAW is also partnered with Volkswagen and Mazda.
Inside Line says: Toyota continues to expand its presence on the mainland. — Vivian Jin, Correspondent
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rodger_victor says:
11:45 PM, 06/11/2010
100,000 more Corollas a year,with steering and sticky accelerator problems for the rest of us to have to look out for on the road.
lexuslvr says:
03:19 PM, 04/30/2010
How about invest in the actual car to make it the leader it once was.