Toyota Motor Corp. delivered fewer vehicles in China last year than it targeted, as slowing growth in the world's largest auto market and vehicle stockpiles led some of its dealers to threaten to drop out of its sales network.
Sales rose 12.5 percent to 1.03 million units in 2014, missing Toyota's projection for 1.1 million, the automaker.
The company kept the target to sell 1.1 million vehicles this year.