Toyota To Title New U.S. Meeting Plant

Toyota Highlander

With the mounting auto demands, Toyota Motor Corp. is in need of a new meeting plant in the United States. On this regard, the automaker eyes a brand new facility in South to serve as its 8th meeting plant in America. Auto fans expect that Toyota would name the brand new plant soon.

Toyota is considering 3 to five locations, together with Arkansas, Chattanooga, Marion and Tennessee. This info was reported by Wall Road Journal last Thursday. In keeping with the paper, Alamo, and North Carolina are also possibilities. The automaker intends to add one other US assembly plant to boost its production. With the new plant, Toyota anticipates to supply 200,000 vehicles. Mentioned production is expected to begin in 2009. The brand new plant together with other Toyota plants would enhance production to about 2.2 million vehicles yearly, in contrast with the 1.5 million automobiles it's producing at present.

The new plant would additionally assemble Toyota Highlander components accessories for the next-technology of stated sport utility automobile which is likened to Chrysler Pacifica. The wagon uses a few of Toyota Solara parts.

Toyota has been considering on the plant purchase problem for months now. The new plant is predicted to assist in taking extra of the American market from Toyota's auto rivals. It was also reported by the paper that the plant would strengthen Toyota's hand if a backlash in opposition to non-U.S. manufacturers arises from the rising troubles of domestic automakers and their suppliers. Toyota will seemingly develop its existing engine-manufacturing facilities within the United States, most probably by beefing up its engine plant in Alabama.

Toyota posted over 12 % improve in both December and full-12 months sales. Its December gross sales boosted its 2006 sales total to 2.fifty four million. In line with analysts Toyota is poised to climb higher. "Toyota rising to 3rd place is a warm-up for its rise to No. 2 throughout 2007 in the U.S. when it overtakes Ford, and also because it rises to No. 1 globally and overtakes GM,'' reported Glenn Reynolds, chief govt officer of New York-primarily based research firm Creditsights Inc. "The Camry was but once more the perfect selling automobile in America, for the fifth consecutive year and for the ninth time prior to now decade.''

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