Toyota to stop building new plants for three years
- Japan: Monday, January 07 - 2013 at 04:13
Toyota Motor has decided to stop building new factories for the next three years and concentrate its capital investment on existing factories in a shift from its previous policy of building new plants almost annually, AFP has reported. Japan's largest automaker now has around 50 overseas plants and just under 30 domestic ones. Last December, Toyota said that it sold an estimated 9.7 million vehicles in 2012, which could put it ahead of General Motors and Volkswagen as the world's biggest automaker.
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