(Reuters) - The Wall Street Journal reported this week that Japan's top automaker would intentionally scale back new plant construction in North America in a shift of strategy to save costs and avoid the risk of overcapacity. Toyota was also mindful of the bigger profits it could reap by exporting from Japan in light of the soft yen, the paper said.
Over the last few years, Toyota has been adding car factories in North America at a pace of about one a year to meet a spike in demand for its fuel-efficient fleet of cars and to conquer segments in which it has a small presence.
Read more at Reuters.com Business News
Over the last few years, Toyota has been adding car factories in North America at a pace of about one a year to meet a spike in demand for its fuel-efficient fleet of cars and to conquer segments in which it has a small presence.
Read more at Reuters.com Business News
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