Sichuan FAW Toyota Motor Co., Ltd. (SFTM), a joint venture between Toyota Motor and China FAW Group, held a groundbreaking ceremony on Monday for its new, 4 billion yuan ($584 million) plant in Changchun city, Jilin Province, Reuters reported.

FAW-Toyota, Changan Ford and some automakers in China has cut their sales target for 2008 due to auto market slowdown, Beijing Times said today, citing sources.

Earlier this week, a top executive of FAW Toyota said that the joint venture has now included a series of SUV models in its product lineup for the China market and will launch them by mid-2009, reported National Business Daily today.

Guangzhou Toyota launched its 2009 Camry G-Series models on September 22 and thereby released the lowest price of the mid- to high-end sedans by boosting the configurations and launching new models, reported Shanghai Securities News today.

RAV4, Toyota's A-level SUV, will be produced in China by the first half of 2009 on FAW-Toyota's production line, said Information Times yesterday, citing dealers of Guangzhou FAW-Toyota.

While scaling down its global sales goal for 2008 and 2009, Toyota Motor Corp. has increased its sales target over the two years and decided to invest 1.5 billion yuan ($220 million) to boost the capacity in one of its joint ventures in China, said sina.com.cn today.

In the first half of this year, Toyota Motor overtook General Motors to become the second-largest foreign carmaker (by sales) in China after Volkswagen, said 21st Century Business Herald today, citing industry information.

FAW-Toyota, Toyota's joint venture with China's FAW Group Corp, said it will maintain its sales target of 420,000 vehicles for 2008 despite bad first-half sales, Shanghai Securities News reported today, citing sources.

Shanghai, August 22 (Gasgoo.com) An insider of FAW Toyota recently revealed that the 13th-generation luxury sedan Crown of Toyota Motor will be made at the No.2 plant of Tianjin FAW Toyota Motor in first half of 2009, said xinhuanet.com today.

Toyota Motor Corp.is the world's second-biggest automaker by annual vehicle sales.
They have just announced that they are raising its prices on some U.S. models later this month amid increased worries about its profit growth in the American market.

Toyota Motor Co said on Tuesday it would invest about 50 billion yen ($500 million) to build an engine factory in northern Japan as it continues to increase output to meet growing demand for its fuel-efficient cars.

Toyota Motor Corp. may invest in Mitsubishi Heavy Industries Ltd's passenger jet, giving support to a Japanese project that will compete against Bombardier Inc. and Empresa Brasileira de Aeronautica SA.