Toyota Motors Investing $363 Millions in US to Produce Auto Parts

Japan car manufacturers, Toyota Corporation has declared about the establishment of new subsidiary in US for prod compression parts for automobile air conditioning system. They are planning to invest around 28 billion Yen ( 363 million dollars) for new subsidiary in United States for producing more fuel efficient air conditioning compressors.

The president of Toyota motors president has said that they are taking various steps to move forward with different suppliers to increase their local procurement levels.

Toyota is looking to capture the world market. It gave a head line statement about their plan to export their vehicles to United States and South Korea to take the advantage of the North American auto market features. The Toyota Motors North America division has said that the manufacturers are looking forward for the opportunities in North American market to expand their customer base. Toyota motors focusing on US auto market to invest huge amounts for producing quality cars.