Toyota unit to spend $124mln on US parts plant

Newswire

TOKYO, March 28 (Reuters) - Japan's largest automaker, Toyota Motor Corp , said on Friday its North American unit would spend $124 million on a new engine parts plant in Jackson, Tennessee. The world's third largest automaker said in a statement that the new plant would begin production in 2005, and would employ around 200 people to produce aluminium engine blocks.

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