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Toyota working on new car for emerging markets

TOKYO, July 30 — Toyota Motor Corp is developing a new low-cost car to attack fast-growing markets such as China and Southeast Asia, targeting a 2012 launch and a price under ¥1 million (RM36,965), Japan's Chunichi Shimbun newspaper reported. The compact car will be based on its Vios and Vitz/Yaris subcompact models, and Toyota is aiming to slash ...


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