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Toyota May Pick San Antonio as Site of Next U.S. Plant

The top Japanese automaker is considering another plant in North America to expand its highly profitable business in the region.

"We are looking into it from various angles while keeping in mind market changes, but nothing has been decided," Toyota said in a statement.

Nikkan Kogyo Shimbun reported Toyota would build pickup trucks and sport utility vehicles in San Antonio as early as 2005, producing 100,000 vehicles a year. The company will make the decision at a board meeting next month and will announce it in San Antonio in December, the report said.

San Antonio officials said last month Toyota had scouted the city as a possible location for a new plant.

Toyota has car assembly plants in Kentucky, Indiana, California and Canada and has broken ground on another plant in Mexico, which will start producing pickup trucks in 2005.

Toyota has said it will build another auto plant after North American sales hit 2 million cars a year. The car maker sold 1.9 million new cars in North America last year.

Toyota has been reporting booming profits, largely on growing sales in North America that have chipped away at U.S. rivals' market share.

Toyota reported this week a profit of Y553 billion for the first fiscal half, a 90 percent surge from a year ago and the best ever in company history for the first six months of a fiscal year.

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