UPDATE 1-Toyota to invest up to $1 bln to raise Japan output

Newswire

(Adds details, background) TOKYO, Oct 28 (Reuters) - Toyota Motor Corp. will invest up to 111 billion yen ($1 billion) to expand production of vehicles and parts in Japan to meet brisk sales growth worldwide, the world's second-biggest car maker said on Thursday. Part of the investment will be spent on new assembly lines at two domestic vehicle plants, with operations due to start in late 2005, a spokesman said. As a result, output capacity will rise to 3.8 million units a year in Japan ...

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