Toyota Motor Corporation Expanding Assembly Plants

Toyota Motor Corporation (NYSE:TM) has decided to expand its assembly operations in the Philippines.

Toyota Motor Corporation Expanding Assembly Plants

In order to meet growing demand, the Japanese auto maker giant Toyota Motor Corporation (NYSE:TM) is planning to expand its Sta. Rosa plant in the Philippines.

Alfred Ty, vice chairman of Toyota Motor Corporation (NYSE:TM) Philippines said, “As early as now, we are in discussion (with head office) because to add capacity takes time. We have to study that. The utilization rate of Sta Rosa is hitting maximum. Expanding the capacity is a possibility.”

Toyota Motor Company (NYSE:TM) stocks were at 81.83 at the end of the last day’s trading. There’s been a 9.7% change in the stock price over the past 3 months.

Toyota Motor Company (NYSE:TM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 2 out of 12 in the industry