Toyota Targets Myanmar Among New Emerging Markets for Expansion
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Toyota Motor Corp., the world’s largest automaker, plans to expand in Myanmar, Cambodia and Kenya as part of its push to attract first-time buyers and get about half of global sales from emerging markets.
Toyota plans to work closely with its Daihatsu Motor Co. unit to develop compact cars for emerging markets, Executive Vice President Yasumori Ihara said at a briefing in Nagoya, Japan, today.