Toyota aims to sign up 100 dealers in China
Reuters, Tokyo
Japan's Toyota Motor Corp. and a Chinese partner aim to sign up about 100 dealerships to sell the Camry sedan when the model debuts in China in mid-2006, a Toyota spokesman said Monday.The world's second-biggest auto maker, together with local joint venture partner Guangzhou Automobile Group Co., has targeted annual sales of 100,000 Camrys in China. The model is the US market's best-selling car, and Toyota -- a latecomer to the fast-growing Chinese market -- is counting on it to help narrow the gap with leaders the leaders in that market, Volkswagen AG and General Motors Corp. The additional 100 outlets would bring the total number of Toyota's showrooms in China to around 300.
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