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Toyota reconsiders production plans
Toyota reconsiders production plans
Posted Friday, Oct 9, 2009, 11:48 am in Employee News
Toyota Motor Corp. has begun production of the Toyota Highlander SUV in the United States and continues to study the case for local production of the popular Prius gas-electric hybrid, The Detroit News reported.
Toyota is turning out Highlanders at a plant in Princeton, Ind., which also makes Sienna minivans and Sequoia SUVs and previously made Tundra pickups, the paper said. After demand for large pickups slumped last year, Toyota revised its North American production plans. It concentrated Tundra output at one plant in Texas and invested $450 million to make Highlanders in Indiana, cancelling plans to build them at a new plant in Mississippi, the News said.
The company decided to make Prius hybrids at the Blue Springs, Miss., plant, but then froze those plans and stopped work on the plant after demand collapsed, the paper said. Now, with the Japanese yen near historic highs, Toyota is reconsidering those plans. The dollar has fallen against major currencies and is now worth 88 yen, down from 99 yen in April. Such a shift makes it costly for Toyota to export Japanese-built products, the story said. (The Detroit News)
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Nitro Year: 2007 (1 of 113,000 sold)
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