Toyota confirms it will scale back Mexico plant

Washington

TOYOTA Motor Corp on Tuesday said it will scale back investment in a planned plant in Mexico by 30 per cent to US$700 million and cut planned annual capacity in half to 100,000 vehicles as it shuffles its production plans to meet market demands.

Toyota executive vice president Didier Leroy said the decision was made to enable the automaker to produce more of its pick-up truck models, which are in strong…