Wednesday, September 14, 2011

Toyota to Boost Indonesian Output


JAKARTA—Toyota Motor Corp. said it would crank up production in Indonesia by more than 60% in a move to maintain its dominant position in Southeast Asia's largest economy.

Japan's largest auto maker said Tuesday that it will invest around $340 million to build a new factory which will lift its capacity to 180,000 vehicles a year in Indonesia by the middle of 2013, from about 110,000 vehicles