The Japanese automaker has already completed initial feasibility studies in both China and Mexico, according to those executives, and “the teams are ready to execute,” as one of them put it. The sources spoke over the last few weeks.
Jim Lentz, head of Toyota’s North American operations, said on Monday that after “a three-year hold” on new capacity investments, the standstill is over for Toyota. Lentz, who spoke on the sidelines of the Detroit auto show, would not comment on specific plans to add production capacity in Mexico or China.
“We’re going to grow again. We will . . .
