Toyota to Invest $700 Million for R&D in China

Toyota Motor Corp., which is the largest carmaker in Japan, while it's the world's largest automobile maker by sales and production, reported that the company will invest about 700 million American dollars in its first fully-fledged Research and Development base (R&D) in China, because the company intends to expand its production in China.  Moreover, the Research and Development base will begin operations with the starting of the 2nd quarter of 2011, where R&D staff members are going to survey the Chinese auto markets. On the other hand, Toyota increased its full year earnings forecast, after the company's sales in Asia region and global car sales recovered, boosted the company to raise its first-half plan.