Toyota revamp signals potential joint-venture model shift in China
A potential tie-up between Toyota’s two main Chinese partners suggests the foreign joint-venture model in China may be entering a new phase amid a shrinking market and intense competition, with Guangzhou Automobile Group (GAC) (SSE: 601238) cited.
A potential tie-up between Toyota's two main Chinese partners could indicate that the long-standing foreign joint-venture model in China is entering a new phase as a shrinking market and intense competition push automakers to become more efficient. Guangzhou Automobile Group (GAC) SSE:601238 said on Mon…