Toyota gunning for No. 1
The AP reports that according to the released plan, Toyota will increase its production in North America by 20 percent to 1.84 million vehicles with new plants planned in Texas and Canada. In China, the Japanese auto giant plans to raise production to 600,000, a 4-fold increase. In Japan, production is expected to rise to 4.15 million vehicles while in the rest of Asia the Japanese auto giant will raise production to over 1 million vehicles.
While America's Big 3 have all announced production cuts, both Toyota and Honda are experiencing record sales and both seem well perched to swoop in to fill the fuel-efficient void left by the domestic auto makers.
[Source: Associated Press via MSNBC]
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