Etios for China?
Etios for China? According to a Reuters report, Toyota are considering producing the Etios mini car for the Chinese market, the Etios of course being a developing market car. Now China already has the Vios which is also a developing market car, so could the Etios be placed under the Vios and be part of a seperate brand? Highly likely. Toyota Motor Corp will launch a small car designed for the Chinese market as early as 2013, the Nikkei business daily reported. The new car, powered by a 1.5-liter engine, will be slightly larger than the Etios and priced below 1 million yen ($12,853.6), the paper said. Toyota intends to cut costs by using Etios parts. It plans to spend about 40 billion yen to prepare for local production of about 200,000 units a year, the paper said. Toyota, which controlled about 5 percent of China’s automobile market in 2010, hopes to boost sales by launching the new model thro...