DETROIT (AP) - The Wall Street Journal reports today that Toyota Motor Corporation is concerned that it has built too many factories in the United States and is considering a slowdown in plans for further plant building in this country.
The Journal says that although Toyota's U-S sales continue to grow, executives worry about an uncertain outlook.
In addition, a cheap yen has made it more profitable for the company to produce cars in Japan and ship them to the U-S.
In Japan, most of Toyota's factories are clustered in a single place, Toyota City. In the U-S over the past decade, Toyota has spread factories from Fremont, California to Georgetown, Kentucky.
Toyota has just announced a new Mississippi plant, where production is set to start in 2010.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
Current Conditions
Weather for Lexington, Kentucky
Opinion
Most Commented
powered by Disqus
Enter your number for a chance to win great prizes!
Message and data rates may apply
