Toyota Motor Said It Will Increase Production Capacity At It

May 26, 2011

Toyota Motor Corp. (NYSE:TM) said it will increase production capacity at a plant in Indonesia in its first manufacturing investment deal since the earthquake in Japan as the company continues efforts to bring output operations back to normal.Toyota plans to lift annual output capacity at Karawang to 140,000 vehicles, up from the current 100,000.Toyota Motor has a potential upside of 14.4% based on a current price of $80.76 and an average consensus analyst price target of $92.4.