Toyota Motor Corp. and FAW Group Corp., China's largest automaker, signed an agreement Wednesday to jointly manufacture four Toyota models in China to cash in on the world's fastest growing auto market.
The project follows a basic agreement on a comprehensive alliance signed by the carmakers in August. The agreement calls for selling between 300,000 units and 400,000 units by 2010.
The four models are the Crown luxury sedan, the Corolla compact, the Land Cruiser and the Land Cruiser Prado sport utility.