Toyota denies reports that it intends to withdraw from China

Article by Christian A., on October 24, 2012

Toyota Motor Corp. denies press reports that it intends to withdraw from China, the world's biggest auto market, according to Chinese media. Tensions had been increasing due to the territorial dispute between China and Japan. But it’s somewhat daunting that Toyota is considering leaving the country. There are rumors of political pressure.

It’s not clear who the original source is of these so-called reports. According to Japanese media, Toyota is reducing its annual sales target due to declining sales in China. But Toyota hasn’t come out to say anything about leaving the market entirely. The Chinese government-backed China Daily fueled speculations by reporting that "Toyota denies withdrawing from China."

The China Daily's report also said that Toyota junked media reports that it will pull out from the Chinese market and close production facilities in the country. Toyota has officially denied the report.

The Chinese government had shot down anti-Japanese protests very effectively so there may be pressure on the local press coverage of the Japanese automakers in the country too. Since the riots are related to the territorial conflict, Toyota’s sales in China have fallen significantly.

Topics: toyota, china

If you liked the article, share on:

Pin It

Comments

Recommended

Uber has resumed its self-driving tests after having had to temporarily put them on hold following a crash in Arizona on Friday. A Volvo XC90, the test vehicle involved in...
by - March 30, 2017
Owning a supercar in the past meant you’ll have to compromise. But there’s no need for that anymore - thanks to the Ford Performance engineers. The company ensures that you...
by - March 30, 2017
Tesla marked a major milestone as it surpassed Ford in market capitalization. Automaker Tesla, formerly known as Tesla Motors, closed out the trading on March 27, 2017, with a market...
by - March 30, 2017
The mid-cycle facelift for the Mercedes-Benz's S-Class have been disclosed to the public eye via these leaked shots. The images that recently surfaced and others like it were published online...
by - March 30, 2017
Reddit user Jdubbswrx spotted a rather deceptive move coming from the German automotive manufacturer Audi. He posted an image of the supposed exhaust of the new 2018 Audi SQ5 sporting...
by - March 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries