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GAC plans share issue to acquire FAW's 50% stake in Toyota JV
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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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
Everything about GAC Toyota →- Headquarters
- Guangzhou
- Inception
- 2004, September 1, 2004
- Website
- https://www.gac-toyota.com.cn/