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Toyota Fanboy
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Japan's Toyota Motor Co. (TM) said Friday it has received permission from authorities to build a car plant near St. Petersburg.
Toyota plans to invest $140 million in the plant, the construction of which will start in the fourth quarter of 2006 and finish in mid-2007, a spokeswoman said.
She reiterated that Toyota will start production at 20,000 Camry models a year and gradually increase output to 50,000 a year.
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