Toyota’s China partner raises funds with stake sale to FAW

Toyota’s China partner raises funds with stake sale to FAW

A visitor is reflected in a logo of Toyota Motor Corp at the company's showroom in Tokyo February 4, 2015. REUTERS/Yuya Shino

One of Toyota Motor Corp.’s auto-making partners in China plans to sell a 15 percent stake in its joint venture to parent China FAW Group to raise money for updating products and restructuring.

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