Toyota raising output in emerging markets by 32%

TOKYO: Toyota Motor Corp, the world's biggest carmaker by market value, plans to increase production next year outside Japan and the United States to cut costs and reduce taxes for cars sold in South-East Asia, two company executives said. 

Toyota would raise output in Thailand, Indonesia, South Africa and Argentina by 32% to 510,000 minivans, pick-up trucks and cars in 2005, said the executives, who declined to be named. The motor vehicle maker would cut production costs by using similar chassis and engine platforms and parts, they said.