Yoshimi Inaba News
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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.
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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.
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Toyota Motor Corp.’s new Camry will start a blitz of U.S. model releases to regain sales lost to rivals such as Hyundai Motor Co. after three years that included recession, recalls and an earthquake.
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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.
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Toyota Motor Corp., to make its earnings target this year, needs the new Camry to wrest back market share from Hyundai Motor Co.’s Sonata sedan.
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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.
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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.
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Toyota Motor Corp.’s Scion brand, created in 2003 to attract young buyers with quirky cars and low prices, is trying to revive flagging sales with the tiny iQ.
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Toyota Motor Corp. will cut its board to 11 members from 27, the Nikkan Kogyo Shimbun reported.
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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.
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