Toyota Motor Corp. is making good on a plan to boost U.S. exports by shipping Kentucky-built Venzas to South Korea, helping Asia’s largest carmaker maximize use of factories in North America and blunt the yen’s impact.
Toyota Motor Corp., Asia’s biggest automaker, will use its North American plants as a bigger source of vehicle exports as a way to blunt the impact of the rising yen, said Yoshimi Inaba, chief operating officer for the region.
Toyota Motor Corp., Asia’s biggest automaker, will end production of Highlander sport-utility vehicles in Japan, consolidating assembly of the model in Indiana to blunt the impact of the yen’s rise on earnings.
Toyota Motor Corp.’s plan to promote its North American manufacturing chief to lead all operations in the region is part of a push by Japan’s largest carmaker to tighten coordination in the company’s biggest market.
Honda Motor Co.’s choice to build what it calls a racing-oriented “supercar” in Ohio highlights confidence in its U.S. engineers and plants. It also shows the difficulty of producing autos in Japan as the yen rises.
Nissan Motor Co., the Asian carmaker with the biggest production capacity in Mexico, will spend as much as $2 billion on a third factory in the country as the yen’s strength drives the company out of Japan.