Toyota is planning to launch a new small car designed specifically for China in 2013, according to a report from Reuters citing the Nikkei business daily newspaper. The new small car will be a little larger than the low-cost Etios that is sold in India. A 1.5-liter gasoline engine will power it and prices are expected to begin from under 1 million yen (approximately US$12,853). Toyota aims to keep the manufacturing costs of its new China-built small car as low as possible by using many parts from the Etios and is willing to spend some 40 billion yen for the local production of the model at a rate of 200,000 units per year. Read Full : Toyota to Launch New Small Cars for China, Brazil and Indonesia - Carscoop
