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Toyota: No Plans To Build New Plants

Toyota Motor Corp. has no plans to build new factories in the near future as the automaker will shift its focus to investing in its existing plants, company officials said Monday. The automaker's plans to build new factories in Thailand and Indonesia in 2013 will remain intact, they said.

NAGOYA (Kyodo) -- Toyota Motor Corp. has no plans to build new factories in the near future as the automaker will shift its focus to investing in its existing plants, company officials said Monday.

The automaker's plans to build new factories in Thailand and Indonesia in 2013 will remain intact, they said.

The Toyota group aims to produce 9.94 million vehicles globally this year, slightly more than the record 9.92 million units in 2012, as demand will likely continue to be strong in the United States as well as emerging Asian markets.

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