GAC plans to acquire FAW Group’s 50% stake in FAW Toyota, bringing Toyota’s northern and southern China joint ventures under GAC’s umbrella and enabling coordination of operations, investment and resources. The proposed restructuring would make FAW GAC’s second-largest shareholder and reflects mounting pressure to consolidate China’s highly competitive auto industry.

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GAC plans share issue to acquire FAW's 50% stake in Toyota JV

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About GAC Toyota

GAC Toyota Motor Co., Ltd. is an automobile manufacturing company headquartered in Guangzhou, China and a joint-venture between GAC Group and Toyota Motor Company

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Headquarters: Guangzhou
Inception: 2004, September 1, 2004
Website: https://www.gac-toyota.com.cn/

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