From the Wall Street Journal:
DETROIT — Toyota Motor Corp. is tapping the brakes on production of big pickups and sport-utility vehicles in its Texas and Indiana plants as part of a response to slowing demand for those types of trucks in the U.S. market.
As a first step, the Japanese company over the past several weeks has cut the pace of production of full-size Tundra pickup trucks and Sequoia SUVs at the Texas and Indiana plants, Toyota spokesman Mike Goss said Thursday. He declined to elaborate on the reduction in output. The move stems from increasingly sluggish demand for those vehicles in the face of record gasoline prices, among other reasons
…
Toyota last year decided to build a new plant in Mississippi to produce the Highlander car-SUV crossover at a pace of 150,000 vehicles a year. “We really didn’t have to do that; we could have used excess capacity we have with the Tundra and the Sequoia to produce Highlanders,” one of the executives said.
We can’t post all the juicy details from the WSJ story, so we recommend you read it here.
Recent Comments