Toyota Motor Corp. reportedly will invest ¥111 billion ($1 billion) to increase Japanese vehicle and parts production. Some ¥18 billion ($170 million) will go toward a new line at the Iwate facility that will add production of 100,000 units. The line should begin building small cars next October, bringing capacity to 250,000 units annually. Toyota’s Miyata assembly plant in southern Japan will add a line that has the ability to turn out 200,000 units annually. Toyota says production will ...
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