Toyota Pledges to Add Factories & Jobs in U.S.
DETROIT — Toyota Motor Corp. plans to build more factories in North America, create more jobs and buy more local components in a bid to become a fully domestic player, Toyota CEO Fujio Cho said on Jan. 12, according to the Detroit News.
"We will not stop in our efforts to be a good corporate citizen in North America," Cho said at the North American International Auto Show. He made the remarks as the Japanese giant's global sales edge closer to those of General Motors Corp., the No. 1 automaker for more than 70 years.
Toyota aims to sell 8.5 million vehicles globally in 2006. Toyota has invested more than $17 billion in North America, where it can build 1.7 million vehicles, and it employs more then 36,000 people. It is opening a factory next month in Mexico and building a truck plant in Texas.