Toyota to increase production capacity in China and Mexico

The Japanese carmaker Toyota  is planning  to invest around 150 billion yen ($ 1.3 billion) in new factories in China and Mexico, according to a report in the The Wall Street Journal. The Chinese plant is due to open in 2018  and the Mexican one a  year later, giving Toyota a stronger foothold in the world’s two fastest growing car markets.
Last month it  confirmed that it was also planning to double the production capacity of its plant in St. Petersburg from 50,000 to 100,000 cars per year.

Source: Interfax