Toyota to slow down expansion in the US

Top executives at Toyota are urging the auto maker to slow down factory expansion in the US. According to the Wall Street Journal, former Toyota Chairman Hiroshi Okuda and Shoichiro Toyoda, a member of Toyota’s founding family, that US sales may not stay up to par with the company’s capacity.

Both Okuda and Toyoda sit on Toyota’s board, say that Toyota has already built way too many factories in the US. Toyota’s spokesman, Tomomi Imai, said that the Japanese auto maker has no plans to built more US plants and is scaling back plans for the $1.3 billion Mississippi assembly plant it announced earlier this year...
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Will_ - 6/20/2007 10:32:10 AM

+7 Boost

This would be a wise decision. Go on a diet and trim away excess cellulite before you develop into an obese person, figuratively.

Htay7500 - 6/20/2007 10:40:27 AM

+3 Boost

this is smart, hopefully they wont run into troubles (like some of their problematic cars) in this strategy.

pchera01 - 6/20/2007 11:18:20 AM

-2 Boost

it means they wanted cut production of tundura