Toyota to Resume Plant Building After Three-Year Hiatus – Wall Street Journal

Posted: Saturday, April 04, 2015

NAGOYA, Japan—Toyota Motor Corp. is set to start building auto-assembly plants again following a three-year freeze, budgeting about $1.25 billion for new factories in Mexico and China, people familiar with the matter said on Friday.

The two new plants are likely to start operating around 2018 or 2019 and will expand Toyota’s annual production capacity by several hundred thousand vehicles, the people said. An official decision is…

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