US-built Corollas will soon be exported to Latin America, Caribbean

US-built Corollas will soon be exported to Latin America, Caribbean

September 29, 2013 by · Leave a Comment 

Filed under: Budget , Sedan , Plants/Manufacturing , Toyota Toyota has announced plans to export the American-made Corolla south, to 18 countries in Latin America and the Caribbean by 2014. The move follows statements made to The Wall Street Journal by Toyota’s South American leader , Steve St. Angelo , that spoke to Toyota’s resolve in emerging American markets. Toyota is expected to begin export production in April, with initial production of 7,500 Corollas in the first year, courtesy of its Tupelo, Mississippi assembly plant . Years of unpredictable swings in the value of the Japanese yen has seen Toyota push its manufacturing operations in other countries , particularly the US, where its builds ten different models. Scroll down to read the full press release from Toyota. Continue reading US-built Corollas will soon be exported to Latin America, Caribbean US-built Corollas will soon be exported to Latin America, Caribbean originally appeared on Autoblog on Sun, 29 Sep 2013 11:05:00 EST. Please see our terms for use of feeds . Permalink

Toyota to Export U.S.-Built Corolla to Latin America and the Caribbean

September 26, 2013 by · Leave a Comment 

NEW YORK (Sep. 26, 2013) –

Toyota struggling in Latin American market, attempting recovery

Toyota struggling in Latin American market, attempting recovery

August 31, 2013 by · Leave a Comment 

Filed under: Hirings/Firings/Layoffs , Plants/Manufacturing , Toyota , Earnings/Financials , South America With uncertainty in the US and Chinese markets, automakers are scrambling to rev up their efforts in what were traditionally secondary markets. Take Toyota’s efforts in Latin America. A recent story from The Wall Street Journal highlights the Japanese brand’s push in the southern hemisphere, particularly in Brazil, where it has expanded its operations and installed new executives with a greater range of powers, all in a bid to grab a bigger slice of the ever-growing South American pie. South America is dominated by General Motors , Fiat and Volkswagen , which maintain a combined 60 percent of the market share – Toyota holds a mere 4.5 percent. The WSJ spoke with Steve St. Angelo, Toyota’s boss in Latin America, who said, “We are playing catch up, but we’re catching up fast. We now have the resources to give the region the attention it really needs and deserves.” That attention includes an all-new, locally produced small car called the Etios. As bewildering as it seems, Toyota wasn’t competing in the low-cost economy car market in South America. With the Etios , which arrived in September of 2012, its sales in the first seven months of 2013 are up 75 percent. Toyota is also expanding on its local infrastructure, which includes the $600 million Sorocabo factory, located near S

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