SA Toyota to double output
2005-08-14 14:14
Tokyo - Toyota Motor Corp, Japan's biggest carmaker, plans to nearly double production capacity at its plant in South Africa by 2007 as part of a strategy to expand overseas, a newspaper reported on Saturday.
The plant, operated by the subsidiary Toyota South Africa Motors, will raise its output capacity to 200 000 vehicles a year, from its current level of 110 000 vehicles, the Nihon Keizai newspaper said without citing a source.
By 2007, the plant is expected to be assembling up to 120 000 of Toyota's IMV series pickups and sport utility vehicles a year.
The vehicles will be exported to the European market, where Toyota's unit sales rose 10% to 916 000 vehicles last year, the newspaper said.
Toyota's European production jumped 47% to 583 000 vehicles last year, but the company is still anticipating a supply shortfall, according to the report.
The company's new plant in the Czech Republic opened this spring, and another in Russia is expected to come online in 2007.
A call to Toyota seeking comment went unanswered on Saturday.