FAW Toyota Issues Statement Addressing False Claims Regarding 'Major Price Cuts' and More

36Kr learned that FAW Toyota's official Weibo account issued a statement addressing recent false rumors circulating online about the automaker: Recently, China First Automobile Group Co., Ltd. signed a strategic cooperation framework agreement with Guangzhou Automotive Industry Group Co., Ltd., drawing widespread attention from the industry and consumers. Currently, production and sales of all models as well as iteration plans are proceeding smoothly according to schedule. Moving forward, leveraging greater resource advantages from the group partnership, FAW Toyota will continue to innovate and reward the trust of its users. Regarding false rumors spread by certain online accounts claiming that 'FAW Toyota may completely exit history' or that 'Toyota is having major price cuts,' the company reserves the right to pursue legal accountability.