Toyota plans to boost U.S. role

[RAV4EVR]

Oh..... The feeling....


I am dividing the article in sections below because some sections are "EVEN MORE" enjoyable than the others... I dare not mention... cuz it's taboo... LOL !!

http://www.qctimes.net/articles/2006...2333516709.txt

TOKYO (AP) — Toyota Motor Corp. is quickening its quest to unseat ailing rival General Motors Corp. as the world’s biggest automaker.
Newspaper reports say the company plans to boost overseas production by 40 percent to 5 million vehicles by 2008 and blueprints for higher output in North America.

The news comes just days after Ford announced drastic steps to remold into a smaller, more competitive company, slashing thousands of jobs and shuttering two plants to cut costs. Ford’s overhaul was aired just as DaimlerChrysler said it would cut U.S. production through the rest of 2006 and follows big cutbacks at GM earlier this year.

Toyota, by contrast, is planning to increase overseas production by 40 percent of its 2005 level to 5 million vehicles by 2008, Japan’s Nihon Keizai newspaper reported Sunday, without saying how it got the information.

In North America alone, the world’s largest auto market, the Japanese company intends to raise production by 20 percent to 1.84 million vehicles in that period, the business newspaper reported. The Toyota City-based company aims to meet the target with the help of new plants previously planned for Texas and Canada, it said.