Toyota's (TM +1.1%) expansion in China will include two China-only brands through joint ventures...

|About: Toyota Motor Corporation (TM)|By:, SA News Editor

Toyota's (TM +1.1%) expansion in China will include two China-only brands through joint ventures in the nation, according to a top exec. The move makes sense with the immature Chinese market not quite ready to see the same demand for models popular globally as smaller, cheaper vehicles.