Toyota Motor Corporation (TM) is my stock of the week. Toyota Motor Corp. (7203.TO) is considering setting up new facilities in Mexico in 2013 to produce small cars for the North American market, the Asahi Shimbun reported over the weekend.
The paper said that the move would be the Japanese auto maker's latest attempt to contend with the strong yen. In Mexico, Toyota currently produces small trucks mainly for export to the U.S.
With the new factory which will be introduced into a primarily low income area, production costs will most likely drop increasing profit.
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