TOYOTA ANNOUNCES PLAN TO BUILD SECOND AUTO PLANT IN US
Toyota Motor Manufacturing USA Inc. unveiled plans Tuesday to build a second auto assembly plant that will double capacity to about 400,000 cars annually at the Georgetown complex that now makes Camry cars. Toyota says the $800 million expansion project is expected to begin by late 1993 and add about 1,500 new jobs.
When the expansion project is completed, Toyota's car production in the United States will exceed 600,000 units. Toyota also makes subcompact cars in a joint venture with General Motors in Fremont, Calif.
Toyota's latest plans raised speculation Japan's largest automaker could eventually topple Chrysler Corporation as the third largest carmaker in the US.