Toyota Philippines to invest 3.34 bln pesos

Newswire

MANILA, May 30 (Reuters) - Toyota Motor Philippines Corp, a unit of Japan's largest automaker Toyota Motor Corp, said on Friday it would pump in 3.34 billion pesos ($63 million) to upgrade its main manufacturing facility in the country. This comes on the heels of Toyota's announcement earlier this week that its global output had risen 8.1 percent in April from a year earlier. Toyota Philippines President Nobuharu Tabata said in a statement the group would invest 1.65 billion pesos to ...

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