Bank Of Baku

Toyota to build research-and-development center in China

Toyota to build research-and-development center in China
# 05 November 2009 14:55 (UTC +04:00)
Baku – APA-Economics. Toyota Motor Corp. plans to build a research-and-development center in China as early as next year in order to better tailor cars to local needs, according to a report Thursday.
As MarketWatch reports, Japan’s Nikkei business daily reported that the new R&D facility would be on the outskirts of Shanghai and may include a full-scale test course. It would cost roughly 30 billion to 40 billion yen ($331 million to $442 million), the report said, and would be part of a larger effort by Toyota to customize its cars for different regions.
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