Toyota plotting to overtake GM as largest automaker

Toyota is planning to increase its worldwide production by 40 percent and U.S. production by 20 percent, according to Japanese newspaper Nihon Keizai. The move would put North American output at 1.84 million vehicles, thanks to new plants in Texas and Canada. Toyota expects to meet these goals by 2008, the newspaper said. During the same period, General Motors and Ford are expected to either reduce or not change the number of vehicles they produce.