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Toyota to keep capex at 1.5 trln yen in 07/08

From yahoo.reuters| April 19,2007

Toyota Motor Corp.  plans to allocate about 1.5 trillion yen ($12.6 billion) for capital spending this business year to March 2008, roughly the same as in the past two years, the Nikkei business daily said on Wednesday.

Toyota's investments will include assembly plants in the United States and Canada, as well as outlays to remodel vehicles for the domestic market and revamp its main factory for small cars in Aichi prefecture, the Nikkei said.

A Toyota spokeswoman said the company has not yet decided on its capital spending plans for the 2007/08 business year.

Shares of Toyota were up 1.2 percent at 7,340 yen as of 0119 GMT, in line with the transportation equipment sector subindex, which was up 1.1 percent.

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