FAW, GAC formalize partnership as Toyota's China joint ventures face possible overhaul

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 02 Oct, 02:06 UTC

China's state-owned FAW and GAC's controlling shareholder, Guangzhou Automobile Industry Group, have signed a strategic cooperation framework that could reshape Toyota's long-standing two-joint-venture model in the country. The move reflects Beijing's push for industrial consolidation, while global…