Filed under: Plants/Manufacturing , Toyota A growing number of foreign automakers have been shifting more vehicle production to the US – including recent announcement by Nissan and Honda – but Toyota could be on the verge of taking an unprecedented step by producing all of the cars it sells in the US right here in North America. According to the Detroit Free Press , Bill Fay, VP and GM of Toyota US, hinted at such a possibility, but the wording in the report makes it sound like this is far from a done deal and would not apply to Scion or Lexus models. Currently, the automaker already builds 70 percent of its US-sold cars in North America including some of its more popular models like the Camry , Corolla , Highlander , Tacoma and RAV4 . While most of the Japanese-made Toyotas that are sold in the US are slower-selling models (like Land Cruiser , FJ Cruiser and Yaris ), the Prius lineup is the glaring exception, and last we heard, Toyota still has plans to ship Prius production to the US by 2015 . This is all a part of Toyota’s plan to add 3,500 jobs in North America to go with recent investments totaling $1.6 billion. Toyota exec sees future where all cars sold in US are built here originally appeared on Autoblog on Sun, 20 Jan 2013 16:01:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Budget , Plants/Manufacturing , Hatchback , Mazda , Toyota , Earnings/Financials After the turmoil of last year, 2013 is getting off to a much better start for Mazda . The company has issued a release indicating that the forthcoming plant in Salamanca, Mexico has had its production capacity raised even though it isn’t scheduled to go online until March 2014 . The original plans called for a 140,000-unit capacity, 90,000 of that allotted for the Mazda2 and Mazda3 , the remaining 50,000 for a small car Mazda would build for Toyota that would be based on the Mazda2. The new plans call for raising that by 90,000 units to a total of 230,000 units within two years, by the end of March 2016, and it looks like it will all go toward Mazda production to satisfy growing demand for Skyactiv vehciles. The Mexican plant’s opening will be the return of Mazda manufacturing to North America, after Mazda6 production was moved back to Japan last year. More good news for the company is that it projects 10 billion yen ($114 million) in net income for the financial year that will end in March. That would be a welcome turnaround from the 100-billion-yen loss in the previous financial year, part of a series of three annual losses in a four-year span. You’ll find the press release with the factory update below . Continue reading Mazda’s new Mexican plant capacity rises to 230,000 Mazda’s new Mexican plant capacity rises to 230,000 originally appeared on Autoblog on Sat, 05 Jan 2013 09:01:00 EST. Please see our terms for use of feeds .
NEW YORK, Dec 26, 2012 –Toyota Motor North America today announced an agreement to resolve economic loss litigation in the U.S. related to previous recalls by committing to actions that deliver value to its customers.
Filed under: Plants/Manufacturing , Honda , Mazda , Nissan , Toyota , Volkswagen Wards Auto has released its North American Light Vehicle Production Forecast for 2014, and the report predicts foreign manufacturers will increase production on the continent some 3.9 percent by 2014. If accurate, that should see 123,000 additional cars, trucks and vans produced in North America, swelling the total number of units produced both by domestic and foreign manufacturers to 16.9 million light vehicles from a projected 15.6 million in 2013. Much of the increase can be attributed to the fact that Toyota intends to produce another car at its Blue Springs, MS plant as well as a new Lexus model at its Georgetown, KY facility in a year’s time. Likewise, Volkswagen intends to move production of a currently imported model to its plant in Puebla, Mexico. Daimler , Honda , Nissan and Mazda also plan to build additional models on North American soil for the first time. Around two-thirds of the new North American manufacturing will take place in Mexico, helping the country soak up a full 20 percent of the content’s automotive production for the first time. You can head over to the Wards Auto site for the full report. North American production of foreign marques to jump in 2014 originally appeared on Autoblog on Sun, 23 Dec 2012 15:06:00 EST. Please see our terms for use of feeds . Permalink
ERLANGER, Ky., (Dec. 13, 2012) – Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) announces the following senior management changes, effective January 1, 2013:
ANN ARBOR, Mich., Dec. 3, 2012 – Toyota Technical Center (TTC), a division of Toyota Motor Engineering and Manufacturing North America, Inc., announced a $300,000 donation to the Michigan Science Center.
NEW YORK – Dec. 4, 2012 – Toyota today highlighted its sustainable manufacturing advancements and commitment to environmental leadership as the automaker released its 2012 North America Environmental Report. The report spans Toyota operations in the United States, Canada and Mexico over the fiscal year, including research and development, manufacturing, logistics and sales. Toyota remains the most fuel-efficient full line auto manufacturer in the United States and the industry hybrid leader.
Filed under: Car Buying , Japan , Plants/Manufacturing , Honda , Mitsubishi , Nissan , Toyota The 2011 earthquake and tsunami that struck Japan took quite the toll on the automotive industry in that nation. Not content to lean on that tragedy as excuse for slagging sales, the Japanese automakers are planning on a major production expansion in North America. The aim is to reclaim the market share lost from the Tsunami-based dip, and overcome a dollar/yen exchange rate that makes exporting to America unprofitable. Following the Tsunami, Japanese automakers ramped up production in their North American facilities to compensate, but according to Automotive News , Nissan , Honda and others have all reported plans for still-further increased production in the year ahead. As part of this ramp-up, Mazda will open a facility in Salamnca, Mexico before March of 2014. Part of that increase in output is 50,000 units of a Toyota-badged compact car, which Mazda will produce . Other Mexican production facilities opening include a Honda plant, which will open in Spring 2014 in Celaya, and a Nissan plant, set to open later this year in Aguascalientes. Nissan also said that it will need another plant in North America within the next five years. According to Nissan Boss Carlos Ghosn, the company aims to raise its stake in the US market from 8 percent to 10, and adding production will help achieve that goal. Even Mitsubishi is aiming to boost production at its Normal, Illinois plant.
GEORGETOWN, Ky. (Oct. 30, 2012) – Toyota celebrated the 25 millionth vehicle manufactured in North America today at a ceremony at its Georgetown, Ky. plant coinciding with the start of production for the all-new 2013 Avalon. The milestone vehicle – a Classic Silver Hybrid Avalon – represents 26 years of manufacturing, a direct investment of nearly $24 billion in North American operations and 365,000 jobs created in the U.S.
Filed under: Japan , Toyota , Earnings/Financials Automotive News reports Toyota saw a sizable jump in third-quarter North American sales and has adjusted its global forecast accordingly. All told, the Japanese automaker sold 598,000 units in North America during the last quarter, marking an increase of 45 percent over the same time period last year. As a result, operating profit in the region also increased to $807.1 million, though Toyota also credits much of that figure to additional output. The company stepped up North American production by 42 percent in the third quarter. Last year at this time, the automaker was still reeling from the earthquake and tsunami disasters that struck Japan that March, and with its supply lines crippled, Toyota was forced to cut back production. Like other Japanese automakers, Toyota has seen its sales in China plummet. Sales in the region fell off by some 49 percent in September compared to the same month a year prior due to anti-Japanese protests in the country. Toyota sales surge by 45% in Q3, global forecast raised originally appeared on Autoblog on Mon, 05 Nov 2012 13:59:00 EST. Please see our terms for use of feeds . Permalink