Toyota Motor Philippines Corp. plans to invest an additional 3.3 billion Philippines peso ($58.8 million) for plant expansion and modernization in the next two years to realize its goal of becoming a major player in the global automotive industry. At the same time, the company’s parts-manufacturing arm, Toyota Autoparts Philippines Inc., expects to export more than PP23 billion($400 million) by 2005, according to a published report. Last year, the Toyota Philippines group ...

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