Toyota won't build Lexus plant in Europe after all

Toyota has denied an Automotive News Europe claim that the automaker has plans to build a Lexus plant in Germany or France, which would help supply Lexus with the 100,000 cars it plans to sell in Europe by 2015. The company has also denied a report by Automobilewoche, a German-language sister publication of ANE. Automobilewoche quoted a high-ranking Toyota official as saying that a European plant would supply the continent with both Lexus and Toyota-badged vehicles, supporting 2,000 new jobs and supplying an investment of $1.03 billion in the region.

Hmmm, the lady doth protest too much?

[Source: Reuters]

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