CRI - Shanghai Daily
Guangzhou Toyota Motor Co Ltd plans to raise its sales target by 17 percent next year as it launches new models and on an expanded output capacity. The second Chinese joint venture of Toyota Motor Corp aims to sell 210,000 vehicles next year, including 175,000 units of Camry premier sedan and 35,000 Yaris hatchback which is scheduled to sell domestically in the middle of next year, the company said yesterday. Guangzhou Toyota has pinned high hopes on the Yaris, one of the Japanese car maker's global models, to tap the nation's fast growing economy car segment amid rising demand for fuel-efficient models. "The competition in the premier class segment will be more intense next year," said Yuan Zhongrong, executive vice president of Guangzhou Toyota.