Toyota breaks the suspense with 1.5 new, lean TNGA plants

No cameras allowed inside - the ladies in the lobby were much prettier anyway

No cameras allowed inside – the ladies in the lobby were much prettier anyway

In April 2013, world’s number one carmaker Toyota announced a moratorium on building new plants. That moratorium is drawing to an end, in a Toyota-typical slow and watchful way. Toyota is building fewer new plants than its competitors, and it is building those fewer plants with far less money.

This afternoon, calls went out to the Tokyo automotive press corps to come to Toyota at 5 for a highly secretive “briefing,” topic unknown, keep your cameras at home, and your mouths shut until 10pm. “We’ll probably hear what the Nikkei has been writing for weeks now,” muttered a grumpy Automotive News correspondent Hans Greimel, and he was right as usual. As expected and reported everywhere. Toyota lifts its self-imposed stop on factory expansion with a brand-new plant in Mexico, and an expansion of its Chinese joint venture plant with Guangzhou Auto. Toyota doesn’t seem to be in a particular hurry to do so.

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