NEW YORK — Despite plans to invest another US$2 billion in U.S. production capability over the next two years, Toyota Motor Corp. will not include a new plant in the sum. James Olson, senior vice president of Toyota Mfg. North America Inc., says the additional money will bring Toyota's total investment in the region to US$12 billion, allowing the Japanese automaker to add 200,000 units to its manufacturing volume by 2003 without a new plant. “We would need another plant to go beyond that ...
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