18-September-2026
Corporate News
 
China's car glut has long flooded the world. Now comes the cleanup
17-Sep-2026

China’s auto industry may be heading for a major shake-up after years of building far more production capacity than its domestic market can absorb — and Toyota’s planned revamp with its Chinese partners could be an early sign of what that reset looks like. The trigger is a proposed tie-up between Guangzhou Automobile Group (GAC) and FAW Group, two Chinese state-owned automakers that operate separate joint ventures with Toyota.

News Source:- https://economictimes.indiatimes.com/news/international/business/chinas-car-glut-has-long-flooded-the-world-now-comes-the-cleanup/articleshow/134303515.cms
 
 
 

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