Toyota mulls building 5th engine plant in Japan
Japan's largest automaker Toyota Motor Corp., which has seen strong growth in recent years, is studying building a fifth engine factory in Japan, a company official said Monday.
"It is one of our options," said Toyota spokesman Hideaki Honma.
He was referring to a weekend report by the Nikkei business daily that Toyota is planning to build its fifth engine factory in Japan by around 2010 in northern Miyagi prefecture.
"We are constantly examining what is best for production, but nothing concrete has been decided yet," Honma said.
The Nikkei said the plant will manufacture some 200,000 engines a year for Toyota subcompact cars -- a rapidly growing market both at home and abroad at a time of high oil prices.