Tokyo: Toyota Motor Corp plans to build new factories in Asia, including India, North America and Europe to boost its annual output to 10 million vehicles by 2010 and probably overtake US General Motors, a report said on Monday.
Japan's top automaker is looking at new factories in Texas in the United States and Guangzhou in China by 2009 as well as in France and India by 2010, in addition to six new plants already announced, the Yomiuri Shimbun daily said.
The 10 extra plants will boost Toyota's global network to 41 factories by the end of 2010, a move likely to put it ahead of General Motors Corp as the world number one in terms of output, the daily reported.
The new plants would raise Toyota's annual global production capacity to about 10.36 million vehicles, the daily said, citing unnamed company sources.
Toyota has already announced plans to build six new plants in Canada, Russia, Thailand, Texas, and Tianjin and Guangzhou in China.
Toyota President Katsuaki Watanabe said that in December, the automaker would boost output by nearly 10 per cent to some 9.06 million vehicles in 2006 even as GM shutters plants as part of its efforts to return to profit.
Even so GM sold 9.2 million vehicles worldwide in 2005, the second-largest volume in its history.
A Toyota spokeswoman added that nothing had been officially decided on additional new plants but added that the company planned to spread out its production sites so that its factories would be close to markets.
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