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Toyota challenges GM
- Wednesday, December 21 - 2005 at 07:55
Toyota says it would increase output by 10% in 2006 to a record 9.06m vehicles, which could see the Japanese car manufacturer overtake General Motors as the world's top carmaker, reported Reuters. GM and Ford are closing plants in North America as they face shrinking sales and soaring labour and financing costs.
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James McInerney, News EditorWednesday, December 21 - 2005 at 07:55 UAE local time (GMT+4)
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