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June 20, 2007

Toyota mulls slowing down U.S. plant building, report says

Toyota officials are concerned the company may be expanding its manufacturing operations too quickly in the United States, according to a Wall Street Journal report cited by the Detroit Free Press.

The report says some board members believe Toyota needs to slow the construction of new plants in the United States in the face of difficult market conditions, rising costs and quality issues.

Toyota, which has 13 plants in North America, has been rapidly expanding in recent years with U.S. sales increasing at double-digit rates. Toyota opened a truck plant last fall in San Antonio and a Camry plant this year in Lafayette, Ind.

Posted by   at 11:33 AM to Toyota | Permalink

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Peter C. T. Elsworth
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