Lexus may suspend local production in
By Ally From:
Japan's largest auto maker Toyota Motor
Corp may suspend production of Lexus luxury vehicles in China,
an unnamed company official said yesterday.
Earlier this month Toyota has started
to sell Lexus LS 600hL to the Chinese market. But Toyota has
shortly quit plans to produce the model locally in China.
Since the founding of Guangzhou Toyota
Motor, there are always speculations whether Lexus can realize
its local production in China.
Zeng Lintang, vice president of Toyota
Motor (China) Investment Co once said that they will consider
producing this model locally in China when the sales volume of
Lexus reaches 30,000 to 40,000 units.
Sales statistics show that if Lexus
sales keep growing at the current rate, it may reach 40,000
units within one year. But the company source says the company
may suspend the production plan for two reasons.