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BIZCHINA> Top Biz News
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Toyota recalls 259,119 Camry sedans in China
(Agencies)
Updated: 2009-04-24 11:40 Toyota Motor Corp is recalling 259,119 Camry sedans in China, one of its largest recalls in the country, to fix faulty brake systems.
The joint venture started selling the Camry cars in China in 2006, priced at about 200,000 to 250,000 yuan . Toyota's China spokesman could not be reached immediately for comment but the Shanghai Securities News said the recall would cost the Japanese automaker between 800 million yuan ($117 million) and 1.3 billion yuan. Toyota also has another car production venture with FAW Group making Reiz and Crown sedans. Guangzhou Auto is the parent of Hong Kong-listed Denway Motors. (For more biz stories, please visit Industries)
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