Nov 4th, 2009 - Earth Times
Tokyo - The world's biggest carmaker Toyota Motor Corp plans to build a research and development centre in China, the Japanese business daily Nikkei reported Thursday. The new facility will be established on the outskirts of Shanghai as early as next year, the Nikkei said, but did not give a source for its report.
A Toyota spokesman in Tokyo could neither confirm nor refute the report.
The new facility is to develop models especially for the Chinese market that are highly competitive in price, performance and design, according to Nikkei.
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