JAPAN: Toyota - N America Output May Rise To 2 Mln By 2004
It looks likely that Toyota will increasingly rely on its overseas plants, after company president Fujio Cho said the auto maker expects to boost output at its North American factories to around two million vehicles a year by 2004. "We're moving quickly to shift production to local factories there," Cho told reporters at a press conference for Toyota's new Mark II luxury sedan. By late 2001, the company should be making around 1.76 million cars in North America, he added.
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