Toyota Motor Corp. is considering an increase in production capacity in North America, including a fifth auto plant, to keep stride with rising sales, Bloomberg News reported. Toyota, the world’s third-largest automaker, expects sales of cars and light trucks to hit the 2 million mark as early as 2003 and must look into adding production capacity to meet growing demand. The company hasn’t yet decided where and when a factory would be built. Toyota president Fujio Cho also said that the company is willing to license its gasoline-electric hybrid technology to General Motors and other U.S. automakers, although to date no U.S.-based automaker has asked. Toyota was the first automaker to gasoline-electric hybrids and has sold more than 100,000 units worldwide since releasing the Prius in Japan in 1997.
Toyota May Add New Factory as Sales Rise
Toyota Motor Corp. is considering an increase in production capacity in North America, including a fifth auto plant, to keep stride with rising sales, Bloomberg News reported.
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