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China’s sixth-largest car maker by sales, Guangzhou Automobile Group (GAC Group) , plans to sell up to 15 billion yuan ($2.2 billion) worth of shares to fund development of its green car business, proprietary brands and factories, the firm said late on…
Toyota Motor Corp. and Daihatsu Motor Co. jointly launched two different cars in Indonesia on Tuesday, a day after Toyota acquired all of Daihatsu’s shares. “It is a new relationship between Daihatsu and Toyota,” Daihatsu President Masanori Mitsui said during…
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