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Toyota sees growth in emerging markets

Detroit Free Press - Sat May 26, 5:12 am ET

Toyota is looking to emerging markets for growth, targeting 50% of its global vehicle sales in such countries by 2015, and rolling out eight compact models over the next few years. But Toyota Executive Vice President Yukitoshi Funo said Friday the company won't even try to compete in supercheap models that are plentiful in developing nations.

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