Tokyo, Sept. 9 (AP): Toyota Motor is considering setting up a fifth assembly plant in north America if sales continue to rise, a spokesman said today.
Sales of Japan’s top auto-maker in the continent have been climbing this year at about 5 per cent above last year’s numbers, said company spokesman Shigeru Hayakawa.
If the pace continues, sales may hit 2 million vehicles as early as this year.
Toyota is targeting selling 2 million vehicles in North America by 2003 or 2004. The company has been considering the need for a fifth assembly plant in the region, but no decision has been made, Hayakawa said.
Toyota now has assembly plants in California, Indiana and Kentucky in the US and one in Canada. Hayakawa warned maintaining strong sales will depend on the overall market as well as Toyota’s performance.