Toyota Boosts Investment at French Plant
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Japanese automaker Toyota Motor Co. said Tuesday it will to invest an additional 17.8 million euros (&#36;22 million) at its French production plant, citing record sales in Europe.
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Toyota, Japan's biggest automaker, plans  to invest some 100 billion yen ($830 million) to build a sport  utility vehicle plant in Mississippi, the Nikkei business daily  said on Tuesday.
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A major Japanese trading company is investing in Isuzu Motors Ltd., a truckmaker allied with General Motors Corp. of the United States, to strengthen a partnership in Thailand.
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Toyota Motor Corp. (7203.T) said on  Monday it expects to increase its European sales in 2007 by  about 100,000 units to 1.22 million vehicles, including its  Lexus brand, for its 11th straight year of record sales.
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Toyota Motor Corp  expects its global production in 2008 to expand to about 9.9 million vehicles, about 500,000 units more than the projection for this year, the Nikkei business daily reported on Sunday.
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Toyota Motor Corp. said on Tuesday it would build a $1.3 billion assembly plant near Tupelo, Mississippi, the latest step by the fast-growing automaker to keep pace with American demand for its light trucks and cars.
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The Toyota Motor Corporation reported company reported net income of 426.7 billion yen, or about $3.7 billion, due in part to strong American sales of its Camry sedan and the remodeled FJ Cruiser sport utility vehicle.
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The French oil giant said fourth-quarter profit rose 62% to 3.6 billion euros ($5.23 billion) as oil prices rose and and new projects in Angola and Qatar raised production.
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Toyota may provide hybrid technology for Porsche.
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Toyota posted a 3.5 percent rise in quarterly profits as spending on its ambitious global expansion plans curtailed growth in its earnings.
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Toyota Motor Corp. will aim to double sales of its Lexus luxury models in Europe over the next several years by adding more models and cultivating an image of top quality and fuel efficiency
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France announced plans Tuesday to spend over 1 billion euros ($1.2 billion) on tax breaks and other incentives to encourage companies to keep jobs in the country rather than going abroad.
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Electricite de France said it raised 2.57 billion euros (&#36;3.17 billion) from the sale of its 2.3 percent stake in French oil company Total SA on Wednesday.
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Corporate capital investment jumped 16.6 percent in Japan in the April-June quarter from the period a year ago.
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By Purva Patel, Houston Chronicle  Sep. 23--One's an owner of a professional basketball team who got on the list with the help of investments.   Another got there with a boost from the energy sector.   And the third makes much of his money distributing Toyotas.
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PARIS, Sep 25 (IPS) - When French car company Renault SA and its Japanese  partner, Nissan Motor Co., announced their intention to build a  joint assembly plant in Tangier, Morocco at an estimated cost of  1 billion euros, it was a substantial enough investment to make  auto industry analysts take notice.
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Toyota reported a 39 percent jump in profit in its fiscal first quarter, with strong vehicle sales around the world keeping the company on a pace to possibly overtake General Motors as the world's No. 1 automaker in coming years.