Toyota may slow U.S. factory expansion
To put a damper on its rapid expansion in North America, Toyota's board is planning a strategic shift in policy that will likely result in no more factories being built for now. According to the Journal, Toyota has already scaled back plans for its $1.3 billion Mississippi assembly plant. If by any chance demand does outstrip supply, Toyota would likely fast-track the installation of additional assembly lines at existing plants rather than setting up new ones.
[Source: Detroit Free Press]
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