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Toyota resumes expansion with new Mexico, China plants | Reuters

Apr 16, 2015    

TOKYO (Reuters) - Toyota Motor Corp (7203.T) said on Wednesday it will build new factories in Mexico and China, ending a self-imposed expansion freeze and putting more pressure on global rivals.The world's largest automaker by sales volume said it would build a $1 billion plant with an annual capacity of 200,000 cars in the central Mexican state of Guanajuato, increasing its overall North American production capacity by about the same number of vehicles.That plant, Toyota's first passenger car plant in Mexico, would have about 2,000 workers, the company said. The highly anticipated announcemen...

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