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Auto News and Reviews: As it stands, Toyota had but a 3.5 percent share of the Chinese market in 2005, but the automaker is keen on expanding its presence. To that end, it has built a new $475 million factory in Nansha, and hopes to capture 10 percent of the market by 2010. (via Cosmos)

 [Ridgecrest Enviro News] Hybrid-Electric Vehicle (HEV) is an Ideal Choice... : Now, Chinese auto companies are facing great challenges, especially the shortage of R&D funds, but if the HEV finally become the main vehicles, those who have the advanced technologies of HEV such as Toyota, will get great advantages in the international auto market. The worst thing is if none of Chinese auto manufacturers mastered the self-developing technology, because they would probably all have to buy Toyota's HEV technology.

[News from the web] Toyota Looks to Overtake GM in China: SHANGHAI, China (AP) -- Toyota, on course to overtake General Motors as the world's biggest automaker, is well behind in the world's fastest-growing market - and one where GM is thriving: China....

 [Japanstockblog.com] The Japan Stock Blog » Toyota Eying GM’s Market Share in China ...: The Nikkei Weekly (print only) reported Toyota (ADR: TM) will set up a R&D joint venture in China with China FAW Group Corp. FAW, which stands for First Automobile Works, is regarded as China’s top domestic auto manufacturer and aside from Toyota, it also has a business partnership with Volkswagen.

[Autoblog.com] Autoblog: According to the Pittsburgh Post-Gazette, while sales for the sporty brand may have dropped in the first quarter this year compared to 2005, some of those figures can be attributed to GM's de-emphasis of fleet sales as the automaker moves away from that market. And while the Solstice is still sold out, the G6, now made (in)famous on Oprah, has already posted a 78-pct increase this quarter compared to last year.

 [Fastlane.gmblogs.com] GM FastLane Blog: World Keeps Getting Bigger for Chevrolet: Hey, Toyota lauched the Fielder (derived from Corolla), VW recently debuted the Spacefox and Renault soon will release the Megane Grand Tourer, not to mention the almost-dead Fiat Marea Weekend. Other successful wagons: VW Parati (for Americans, it's the evolved version of the Fox Wagon that you had in the 1980s and first half of the 90s), Fiat Palio Weekend and Peugeot 206 SW.

 [Blog.mises.org] Mises Economics Blog: What's Killing General Motors?: Its nearly impossible to tell anything from the balance sheet of Japanese conglomerate at the head of a kieretsu, like Toyota. Most of the balance sheet items in the form of the cross-share holdings with its 900 or so suppliers and afilliate companies that it partially owns, and the financial relationship with its bank (which provides money at negative interest rates and is probably functionaly insolvent like most big Japanese banks) are largely off its balance sheet.

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