Differences Between GAC Toyota and FAW Toyota
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Here are the differences between GAC Toyota and FAW Toyota: 1. Differences in establishment time: FAW Toyota was established earlier than GAC Toyota. FAW Toyota was established in 2000, while GAC Toyota was established four years later. The gap in establishment time can have many impacts on an automaker, such as in terms of car manufacturing experience, market opportunities, etc., which can create certain gaps. 2. Differences in shareholding mechanism: The controlling shareholder of FAW Toyota is FAW Group, while GAC Toyota is jointly owned by GAC and Toyota, each holding 50% of the shares. As a result, GAC Toyota appears more harmonious in terms of cooperation, while FAW Toyota does not have as much decision-making power in cooperation as GAC Toyota.