Toyota Motor Corp. is considering closing the sales base of its Chinese joint venture in Beijing and consolidating it with another base in Tianjin as part of restructuring efforts amid intensifying competition with local brands, sources familiar with the matter said Monday.The restructuring at Tianjin FAW Toyota Motor Co. will not involve a reduction in production, and the automaker will continue launching new products in China to pursue growth, as the country remains one of its strategically important markets, the sources said.The plan comes as Japanese automakers, including Toyota, face c…READ FULL ARTICLE
