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Exclusive: A delicate balance - Toyota took care to make offering to U.S. before China deals


Added 05-21-19 01:03:01am EST - “Toyota Motor Corp last month announced two deals in China that were small in siz...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Exclusive: A delicate balance - Toyota took care to make offering...”. Below is an excerpt from the article.

BEIJING (Reuters) - Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning.

The automaker said it would establish a green-tech research institute with Tsinghua University and provide state-owned BAIC Group’s Foton unit with fuel-cell technology for buses. But before it could feel comfortable unveiling those plans, Toyota put in months of work to pledge fresh investment - in the United States.

The technology transfers represent gestures of goodwill to Beijing by the Japanese automaker, which wants to “step on the accelerator in China” as CEO Akio Toyoda told an internal management group, according to minutes of meetings on March 19 and April 23 viewed by Reuters.

Announcing U.S. investment first was a strategy Toyoda felt the company needed to pursue to avoid U.S. President Donald Trump’s wrath, the minutes showed - providing a rare window into how it has sought to tread carefully as the United States and China battle for investment, jobs and influence in the global economy.

“For Toyota to operate globally, we need to strike a fine balance between China and the United States,” the March 19 minutes quoted Toyoda as saying. “It’s imperative to avoid making enemies.”

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