At a time when the country’s largest carmakers are cutting back on factories and laying off their workforce, Toyota is steadily marching ahead towards global domination of the world car industry by increasing its already massive overseas output by a whopping 40%. Toyota wants total overseas output to be 40% higher by 2008, and North American output to be 20% higher during the same period.
Toyota’s factories in Asia, excluding China and Japan, are also pumping out more cars than ever, and big strides are being made in the emerging South East Asian markets. This level of growth hasn’t been without some teething issues. Toyota’s reputation for reliability has taken some hits recently with recalls on major models.
