Toyota’s Watanabe: Possible Japan Plant

By Michelle Krebs September 18, 2007

Toyota Motor Corp. President Katsuaki Watanabe confirmed Tuesday what had Katsuaki_watanabe_129 been reported -– the automaker is considering building a new automobile plant in Japan, its first domestic plant in 17 years.

Watanabe didn't provide details on location or investment. However, last week the Nikkan Kogyo Shimbun said Toyota would invest about Y100 billion to build a plant in northern Japan to start operations as early as 2009.

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