SAO PAULO – Toyota Motor Corp. plans to produce a subcompact car with the hopes of locking up 10% of the Brazilian market by 2010. "The only way to grab a 10% market share is with a high-volume car," explains Hiroyuki Okabe, president of Toyota do Brasil Ltda. The auto maker says it will produce a car with a 1L engine to attract the local subcompact market, which currently accounts for 70% of total Brazilian sales. Toyota currently holds a 1.62% share of the market for cars and light ...
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