TOKYO - Toyota Motor Corp. said it will boost output in Brazil, Argentina and Venezuela, and raise local parts purchasing in the region.
The plan will raise Corolla output in the three countries to 60,000 a year by 2002, up from 20,000.
The biggest increase will take place at Toyota do Brasil Ltde., which will triple its output, from 15,000.
The Brazilian unit will also build a new stamping plant as part of a total increase in investment of around $285 million.
Toyota Argentina SA will begin building Corollas in addition to the Hilux pickups it builds. Toyota's Argentine operations will continue to import Corollas from Brazil, however.
Toyota de Venezuela Compania Anonima will make further cost-cutting improvements to its knock-down Corolla assembly plant. Venezuela supplies Corollas to Colombia and Ecuador.