Toyota’s top executive in the United States said the company was reviewing its entire operation here, saying executives haven’t decided whether to close a factory in California or when it will open a factory in Mississippi.
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Adding to its automotive empire, Fiat announced on Monday that it has signed a partnership with China’s Guangzhou Automobile Industry Group. The 50-50 joint venture will see Guangzhou building Fiat vehicles and engines in China by 2011.
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Toyota has already confirmed it will release a plug-in hybrid vehicle powered by next-generation lithium-ion batteries in Japan, the U.S. and Europe sometime next year but production of these will be limited and only commercial and government fleets are expected to receive the cars. Mass production of Toyota’s plug-in hybrid isn’t expected to kick in until 2012, according to latest reports.
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