YANGON/NAGOYA, Japan -- Toyota Motor is building its first assembly plant in Myanmar, several sources including from the automaker told the Nikkei Asian Review on Sunday, making inroads into the Southeast Asian nation's small but fast-growing new-vehicle market.
Toyota's move, which comes as Myanmar's government raises barriers to imports in an attempt to build up the local auto industry, is expected to prompt more auto parts suppliers to invest in the country.
