Oct 5 — FAW Toyota said on its official Weibo account that a strategic cooperation framework agreement between China First Automobile Group (FAW Group) and Guangzhou Automobile Group (GAC) sparked market and consumer attention. The company, present in China for 23 years with a full product lineup, established production, sales and after-sales networks and tens of millions of vehicles in use, said production, sales and model refresh plans are proceeding as scheduled and it will leverage broader g

Oct 5 — FAW Toyota said on its official Weibo account that a strategic cooperation framework agreement between China First Automobile Group (FAW Group) and Guangzhou Automobile Group (GAC) sparked market and consumer attention. The company, present in China for 23 years with a full product lineup, established production, sales and after-sales networks and tens of millions of vehicles in use, said production, sales and model refresh plans are proceeding as scheduled and it will leverage broader group resources to continue innovation. FAW Toyota said online claims that it will withdraw or that Toyota will make steep price cuts are false and the company reserves the right to pursue legal action.