How’s this for red herring of the year? Chinese media are saying that Toyota Motor Corp. denies press reports that it plans to pull out of the world’s biggest auto market.
Gee, we knew tensions were running high between China and Japan over the countries’ ongoing territorial spat. But who knew that the dispute had plumbed such lows that the world’s biggest automaker was considering packing up its operations and going home?
Something smacks of political pressure here.
The original source of the “reports” saying that Toyota was going to pull out of China is unclear.
Read Article