Toyota outpaces Ford, VW with sales doubling
(Reuters)
Updated: 2006-10-12 14:50 That figure encompassed cars as well as sport utility vehicles and MPVs
Official data has yet to be released.
Ramping up capacity
Globally, Toyota is expected to overtake GM as the world's number one player
soon.
While advancing aggressively in North America, Toyota is also expanding at
break-neck speed in China to catch up with Japanese rivals Honda Motor Co Ltd.
and Nissan Motor Co Ltd.
Analysts say a high oil price environment was helping Toyota -- which like
other Japanese auto makers is perceived to produce more fuel-efficient cars --
in China, but new models were helping also.
In May, the maker of the Reiz, Crown and Vios rolled out its first
Chinese-made Camry at a new plant in the southern city of Guangzhou, hoping to
grab customers from competing brands such as Honda's Accord.
A company spokeswoman said a month later that they would double the Camry
capacity at the facility to 200,000 units per year to keep pace with strong
demand.
Toyota's capacity in China, including the Guangzhou factory, stood at about
342,000 units. It had applied for approval to build an additional 200,000 units
capacity in the northern port city of Tianjin, near Beijing.
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