By David Shepardson and Naomi Tajitsu WASHINGTON/TOKYO, Oct 25 (Reuters) Toyota Motor Corp on Tuesday said it will scale back investment in a planned plant in Mexico by 30 percent to
700 million and cut planned annual capacity in half to 100,000 vehicles as it shuffles its production plans to meet market demands. Toyota Executive Vice President Didier Leroy said the decision was made to enable the automaker to produce more of its pick-up truck models, which are in strong demand in the its key North American market. "Our biggest concern today in the way we produce cars in North America – we don't have enough trucks," Leroy told reporters at the Tokyo Motor Show. "We now can have a hub between Texas, Baja, California, and the new plant in Mexico, and in the three different locations we will produce the Tundra and the Tacoma, which is the best in terms of global supply for the North American market." He added that the change in plans, under which the company initially intended to build a
1 billion dollar plant, did not alter the automaker's our long-term commitment to Mexico, saying that it could raise production capacity in the future. In August, Toyota and Mazda Motor Corp said they would jointly build a