FAW-Toyota Plans to Sell 400,000 Vehicles in China Next Year

SHANGHAI - October 11, 2007:

FAW-Toyota plans to produce and sell 400,000 vehicles next year, an increase of 50 percent compared to this year, said a senior FAW-Toyota official.

"Starting October this year, FAW-Toyota began to implement double shifts on Toyota Corolla production, therefore FAW-Toyota's output capacity of Corolla has been greatly enhanced," said Wang Fachang, vice general manager of FAW-Toyota.

Under FAW-Toyota's latest plan, the company has raised its annual sales target to 270,000 this year, up 21 percent from one year earlier.

"Next year, Corolla will become FAW-Toyota's most important car model and FAW-Toyota will not deliever new car models to Chinese market next year," Wang said.

Besides Corolla, Corolla EX, Crown, Prado, Land Cruiser are very popular among Chinese buyers and FAW-Toyota will further expand output capacity to produce these models, Wang said.

For more information about the burgeoning auto industry in China please visit http://www.gasgoo.com/Autobiz/list/7/China-News.html