Toyota folds Asian output

Toyota folds Asian output

TOKYO (AFP): Toyota Motor Corp. plans to double motor vehicle output in Asian countries outside Japan to 520,000 units a year by 1997 in an effort to restore its competitive edge damaged by a higher yen, an economic daily said Saturday.

The leading Japanese automaker will raise production from the current 100,000 units to 200,000 units in Thailand, from 60,000 units to 150,000 units in Indonesia, from 25,000 to around 50,000 in the Philippines and from 60,000 to 100,000 in Taiwan, the Nihon Keizai Shimbun said.

In addition, it will continue assembling 20,000 units in Malaysia, it said.

Toyota is building new plants in Thailand and Taiwan and considering construction of another plant in the Philippines, the daily said.