BEIJING: Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning.
According to the April 23 minutes, the Japanese automaker is making what one unnamed senior executive described as a"significant move to steer its focus to China" — a market where it is far behind industry leaders Volkswagen AG and General Motors Co.Its pivot to China - one that many other global automakers are also making - has been made easier by a thaw in ties between China and Japan but complicated by Trump's trade policies.
"I just don't understand why we are called a national security threat and it pains my heart," Toyoda said in answer to a question after his speech."One thing I would promise, no matter what direction the discussion takes us is that Toyota will not leave America." "I didn't think we needed to do that but the Ambassador commended our effort more than I had expected," the April 23 minutes quoted Sugawara, a former vice minister for trade, as saying.
Asked about Toyota's China ambitions, a company spokesman said China was an important market and the automaker was looking at strengthening its base there so that it could propel the business forward.
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