Toyota eyes low-end markets in China, Thailand

Toyota Motor Corp. plans to produce low-priced cars for emerging markets in China and Thailand starting in 2012, the Nikkan Kogyo Shimbun reported Monday.

Without citing where it obtained the information, the paper said that the Japanese auto maker aims for annual output of 150,000 units of its so-called "Entry Family Car."

Demand for low-priced, small cars in emerging nations such as China, India and Brazil is expected to grow in the coming years and Toyota is aiming to cash in on this trend, the paper noted.