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.

If you liked the article, share on:

Topics: toyota, china

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019