Lead Story
Oct 6, 2026
Toyota Denies China Price-Cut Rumors as FAW Toyota Restructuring Fuels Speculation
FAW Toyota issued a statement denying reports that Toyota is "slashing prices" in China or may exit the market, calling the claims false and threatening legal action. The denial follows GAC Group's plan to acquire FAW's 50% stake in the joint venture amid Toyota's seven straight months of declining Chinese sales.
Priya Sharma