Monday, April 20, 2009

BANG BANG MAN!

April 20 (Bloomberg) -- Toyota Motor Corp., the world’s largest carmaker, is counting on demand for sport-utility vehicles to reverse a drop in China sales even as demand for the models collapses in the U.S. “SUV sales are showing strong growth in China,” Shoju Nozaki, executive vice president of Toyota Motor (China) Investment Co., said today at the Shanghai auto show. The carmaker started selling made-in-China RAV4 SUVs earlier this month and will start producing the Highlander SUV at a plant in Guangzhou in May. Toyota is challenging Honda Motor Co.’s CR-V, China’s top SUV brand, after the category withstood a slowdown in vehicle sales last year.

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