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Old 10-15-2009, 01:54 PM
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Toyota’s China car sales rise 45%

Toyota’s China car sales rise 45% in September

Posted Thursday, Oct 15, 2009, 3:45 pm in Employee News

Toyota Motor Corp. said today its September car sales in China rose 45 percent from a year earlier to a record monthly high of about 72,000 vehicles as stimulus policies bolstered consumer confidence, Reuters reported.

In the first nine months of the year, the top Japanese automaker sold about 486,000 cars in China, up 13 percent from a year earlier, a company spokesman told the news service.

China’s auto market is a major bright spot amid a global industry downturn as government policies, including aggressive cuts in sales tax for small cars, bolster demand, Reuters said. Earlier this year, Toyota, which competes with Honda Motor Co. and others in China, rolled out revamped version of Vios and Yaris compact cars—both eligible for the tax incentives, the story said. (Reuters)
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