The Toyota group is planning to invest Y800 billion (US$6.61 billion) in plant and equipment in the fiscal year to March 2002. Despite slowing demand in the U.S., this figure is virtually unchanged from fiscal 2000.
Toyota’s biggest spending programmes include starting minivan production in Indiana in early 2003, at a cost of $US800 million, and beginning SUV production in Canada, also in 2003, at a cost of $US450 million.
The group will also spend US$200 million to increase engine production in Alabama, while tripling output at three plants in Latin America.
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