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Toyota Plans 7th Corolla Factory in China

Submitted by Bill Belew on Thursday, 30 October 2008No Comment

America’s Big Three car companies are in the tank. Toyota Motor Corp. is planning its 7th factory in China – Changchun, Jilin Province. The facility will manufacture 100,000 cars a year.

corollachinafaw.jpg

The joint venture is Sichuan FAW Toyota Motor Co. The plant will cost Toyota Y4B.

Toyota’s goal was to sell 40% more cars in China this year but, golly, darn, the company’s sales were UP only 23.8%. All told, Toyota will sell about 640,000 cars in China this year. The goal is to sell 1 million each year by the mid 2010’s.

Changchun already has one plant that is turning out 10,000 Prius vehicles each year.

And, meanwhile, America’s Big Three continue to restructure.

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