Toyota Says China Retail Sales Rebounding After Protests
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Toyota Motor Corp., which saw its China sales plunge for the last two months, said it expects demand for Japanese cars to soon return to levels before protests erupted in September over a territorial dispute.
Retail sales at its Chinese joint venture, GAC Toyota Motor Co., have rebounded close to levels before the wave of anti-Japan sentiment, Feng Xingya, executive vice president of the venture, said at a briefing in Guangzhou yesterday. The automaker cut production to ease pressure on the dealerships and stockpile levels have “reduced dramatically” in the past two months, he said.