NAGOYA, Japan -- Toyota Motor is boosting investment in the Philippines by 4.4 billion pesos ($78.2 million) to develop two new models designed for emerging markets, the Japanese automaker said on Tuesday, as it anticipates strong growth in Southeast Asia.
Automobiles
Toyota invests $78m in Philippines plant to produce 2 new models
Automaker targets growing economy with vehicles geared toward emerging markets
Toyota Motor unveiled new models for the Philippine market at an Aug. 22 event marking the 35th anniversary of its local subsidiary. © Reuters
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