 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Toyota to build big research centre in China: report
Tokyo (AFP) Nov 5, 2009 Toyota Motor Corp. will spend hundreds of millions of dollars to build a research centre in China to develop vehicles for the fast growing market there, a newspaper said Thursday. The world's largest automaker will build a new centre with a full-scale test course near Shanghai, the Nikkei business daily said, adding construction was likely to begin as early as next year. Total investment would reach 30-40 billion yen (330-440 million dollars), it said without naming its sources. If it gets Chinese approval, Toyota would become the first Japanese automaker to establish a Chinese research and development centre funded solely by itself, it said. The new facility would employ several hundreds of people, including local engineers, to enable the company to pick up on local trends, it said. Toyota has dropped its business strategy of selling the same models worldwide, deciding instead to customise its vehicle offerings to the characteristics of each region, it noted. China is expected to overtake the United States this year as the world's biggest automobile market but Toyota's share in new car sales there is only six percent, it said. No immediate comment on the report was available from Toyota. The Japanese company, which was due to announce its interim financial results later Thursday, fell into the red for the first time in the year to March 2009 and has forecast another loss this year. Share This Article With Planet Earth
Related Links Car Technology at SpaceMart.com
Senegal inaugurates assembly plant for Chinese busesThies, Senegal (AFP) Nov 4, 2009 President Abdoulaye Wade on Wednesday hailed Senegal's cooperation with China while inaugurating an assembly plant for Chinese buses built with a multi-million-euro (-dollar) Chinese loan. "This inauguration is the occasion to praise the excellence of the relations between Senegal and China," Wade said at the opening of the plant in the western city of Thies. The construction was made ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook