Home Toyota to end expansion freeze, invest $1.3 billion in two new Mexico, China plants: sources
 

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Toyota to end expansion freeze, invest $1.3 billion in two new Mexico, China plants: sources

2015-04-03 07:02:02| Automakers - Topix.net

Japan's Toyota Motor Corp will spend about 150 billion yen to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines. Reuters reported in January that plans were in place for new plants in the two countries, awaiting a green light from top management that has now been given.

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