Toyota continues to grow 

Toyota continues to grow

Soon, Toyota is going to be as American as it can get.

The giant Japanese automaker has set up a new company that will combine its assembly and parts operations with its R&D facilities across the United States, Canada and Mexico. Headquartered in Erlanger, Kentucky, the new company is named Toyota Motor Engineering and Manufacturing North America, or TEMA.

According to Inside Line , Toyota is increasing North American production capacity to 2 million vehicles per year, and the new company will help streamline operations so new models can be brought out more quickly. Bloomberg News reports that some 28,000 employees at 15 assembly and parts plants and R&D facilities are now under the umbrella of the new company. Toyota is forecasting a 10 percent increase in sales in the United States this year after seeing an 8 percent rise in 2005.

In the meantime, quality Toyota parts can still be found at Auto Parts Deal.