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Toyota Considering New Plant in China

Toyota said it might need more production capacity in China to meet demand as sales there rise at about nine times the pace of those in the United States, according to a business brief in the New York Times.

“We are looking at the possibility of a new plant,” an executive vice president, Mitsuo Kinoshita, said at an investor conference in New York, without elaborating. Toyota, based in Toyota City, began building its seventh factory in China in June.

Posted by Peter C. T. Elsworth  at 10:21 AM to China , Toyota | Permalink

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