Japan's automakers are gearing up for the biggest wave of North American production expansion in a decade.
The goals: Win back market share lost because of the 2011 earthquake and tsunami in Japan, boost sales in the world's most robust market and get around a dollar-yen exchange rate that makes exports from Japan unprofitable.
Japanese automakers have rebuilt their North American output to record levels. But a vehicle shortage has become the biggest barrier to boosting sales. So executives at almost every Japanese company are planning new capacity increases in what is traditionally their most important market.