Industry
FAW Toyota denies rumours of price collapse and China exit
Toyota\'s China joint venture FAW Toyota has denied rumours of large-scale price cuts and a withdrawal from the China market. Citing Electrek, the company said online claims of a complete exit and deep discounting were untrue. FAW Toyota said production and sales of all models and follow-up model development plans were proceeding as scheduled, and it reserved the right to take legal action over false information.
