Toyota (TM.NYSE, 7203.TYO) predicts that it will hit its annual sales goal in China, despite a 3.5% year-on-year fall in its China sales in July, Reuters reported. Toyota, which operates joint ventures in China with FAW Group (000800.SHE) and Guangzhou Automobile Group (2238.HKG, 601238.SHA), is aiming to sell 900,000 vehicles in China this year, up 7.1% from 2012. The data reaffirm a slow but steady comeback by Toyota from the crisis that has battered its sales in the wake of a row between Beijing and Tokyo over disputed islands in the East China Sea.
Categories