Wednesday May 14, 8:20 AM
Toyota mulling building new low-cost car plant
TOKYO (Reuters) - Japan's Toyota Motor Corp said
on Wednesday it is considering setting up a new plant to build
small, low-cost cars.
Toyota spokesman Hideaki Homma said the company had not
decided on details such as the location or timing of the move,
but the Tokyo Shimbun daily reported that the plant would be in
Brazil and the investment was likely to be in the tens of
billions of yen.
The newspaper said Toyota's new factory, which would be its
second in Brazil, was likely to produce 150,000 to 200,000
units of small cars for emerging markets from 2011. It added
the vehicles were likely to be priced around a million yen.
(Reporting by Sachi Izumi; Editing by Hugh Lawson)
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