Thursday, June 21, 2007

Toyota To Slow Down U.S. Factory Expansion

According to Reuters, top executives at Toyota Motor Corporation are increasingly becoming concerned that the company has built too many United States factories. They are urging the company to cease their continued expansion of factories throughout the U.S. warning that sales may not keep pace with the company's recent capacity increases. As a result Toyota has scaled back plans for a $1.3 billion assembly plant to be built in Mississippi. The original plan called for the plant to have an annual production capacity of 200,000 units however it was revised to an planned capacity of only 150,000.

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