Toyota To Make Hybrid Components Overseas
NAGOYA, Sept. 17 (Kyodo) — Toyota Motor Corp. is considering manufacturing key components for gasoline-electric hybrid vehicles at some of its overseas plants in the United States and Asia to improve its profitability hurt by the strong yen, company sources said Saturday.
Production of such parts in the United States and Asian countries would expand the Japanese automaker's earlier plan to make hybrid components in China.
Toyota, which currently exports parts for hybrid cars to its factories outside Japan, aims to start overseas production of such parts in three to four years, they said.
The company hopes to finalize details of the plan in one to two years.