Toyota unveils $456 mln Thai expansion plans

Newswire

BANGKOK, April 27 (Reuters) - Toyota Motor Corp., the world's No.2 auto maker, announced a $456 million expansion of its Thai car and truck production operations on Wednesday, including a new plant to produce 100,000 Hilux Vigo trucks a year by early 2007. The new factory, its third in Thailand, will cost around 15 billion baht ($380 million) and will be built in the outskirts of the capital, Toyota said in a statement. It will employ 2,000 people. As part of its plans to make Thailand a ...

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