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
Filed under: Plants/Manufacturing , Crossover , Toyota Toyota is struggling with the rising yen, so much so that the automaker has been shifting vehicle production outside of Japan . That’s bad news for laborers in Japan, but it works out in favor of the American workforce in Princeton, Indiana. That’s because Toyota has announced that it will hire 400 more workers and spend $400 million to ramp up production of the popular Highlander . Toyota plans to ship off the extra production to buyers in countries like Russia and Australia. The plant expansion and additional jobs will enable the Princeton plant to crank out 50,000 additional Highlander models each year. Toyota plans to complete the upgrades to the Princeton facility by late 2013. Hit the jump to read over the Toyota press release. Continue reading Toyota to export Highlander from U.S. to Australia, Russia Toyota to export Highlander from U.S. to Australia, Russia originally appeared on Autoblog on Sun, 12 Feb 2012 12:03:00 EST.
Filed under: Sedan , Plants/Manufacturing , Toyota , South Korea For years Detroit automakers carped about the low value of the Japanese yen versus the U.S. dollar, but these days, the opposite is true. The yen has rocketed up in value versus the dollar, and Japan’s automakers are taking significant measures to mitigate its bottom-line-killing effects. In October Toyota demanded lower prices from its Japanese supply base, and now the Camry will be built in the U.S. and shipped overseas. Toyota notes in the post-jump press release that it will build 6,000 Toyota Camry units in Georgetown, Kentucky and ship the units to Korea. The massive Georgetown plant employs nearly 7,000 employees working around the clock. This marks the first time Toyota will export the American-made Camry, yet Toyota isn’t new to U.S. exports. The automaker exports 100,000 vehicles built in the U.S.