Toyota to delay second India plant -- Nikkei

Newswire

DETROIT, Jan 28 (Reuters) - Toyota Motor Corp plans to delay the start of a second assembly plant in India by almost a year and drop plans to use the factory to build its Corolla model, the Japanese business daily Nikkei reported on Wednesday. Toyota has planned to start production at the $680 million plant at the beginning of 2010, producing the Corolla sedan and a new compact car for emerging markets. But the slump in local sales has prompted Toyota to delay the start of operations to ...

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