Toyota thinking long-term

Article Abstract:

Toyota Motor Co intends to push through with its long-term plan to increase its production capacity in North America in 2001 despite the dismal sales of new cars and trucks in late 2000. The Japanese automaker aims to reach a production capacity of 1.45 million vehicles a year from 2000's 1.25 million. Toyota also plans to find ways to manufacture vehicles at more reasonable budgets, as it sees Korean automakers are able to accomplish this.

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Nissan: full-size trucks are the answer

Article Abstract:

Nissan Motor Company Ltd Pres Carlos Ghosn disclosed that he is not worried about the automaker's decision to build a $930-million truck plant in Mississippi despite slowing demand for trucks in the US. He explains that the Mississippi plant will primarily manufacture full-size pickups, full-size sport-utility vehicles and minivans starting 2003, which are all considered vehicles that carry best potential for profits.

Facilities & equipment

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Mitsubishi Motors seeks foreign partner

Article Abstract:

Mitsubishi Motors, of Japan, seeks foreign partner to salvage its unprofitable operations and for its expansion effort. The firm seeks a vehicle-development partner which would be willing to invest $1 billion in the design and introduction of new models. The financially struggling firm is expected to report a loss of $77 million in fiscal year 1998, the second consecutive annual loss for the company.

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