Top executives at Toyota are urging the auto maker to slow down factory expansion in the US. According to the Wall Street Journal, former Toyota Chairman Hiroshi Okuda and Shoichiro Toyoda, a member of Toyota’s founding family, that US sales may not stay up to par with the company’s capacity.
Both Okuda and Toyoda sit on Toyota’s board, say that Toyota has already built way too many factories in the US. Toyota’s spokesman, Tomomi Imai, said that the Japanese auto maker has no plans to built more US plants and is scaling back plans for the $1.3 billion Mississippi assembly plant it announced earlier this year...
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