Kamis, 17 Juni 2010

Report: Toyota restarting construction on shelved Mississippi plant, build Corollas


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The unemployed of Mississippi received some encouraging news this morning as Toyota announced that it plans restart construction at its Tupelo-area plant, bringing over 2,000 jobs state. Automotive News reports that Toyota plans to use plant to build perennially hot-selling Corolla late next year.

Today’s announcement brings some closure a bad news story for Toyota. The plant was originally started 2007 goal of building Highlander crossover. In mid-2008, however, Toyota switched course and announced that facility would instead assemble Prius. But by the end 2008, it was obvious that the auto industry was in serious trouble, and Toyota decided it was best to mothball the plant. The facility was nothing but shell at time, but reports showed that cost plant, which originally was estimated cost $800 million build, had ballooned $1.3 billion.

The decision to build the Corolla in Mississippi means that nearly 90 percent the hot-selling compact will be built in North America. Toyota previously shifted 150,000 units Corolla production to Japan when it shuttered the NUMMI plant in California earlier in the year.

[Source: Automotive News - sub. req.]

Report: Toyota restarting construction on shelved Mississippi plant, build Corollas originally appeared Autoblog Thu, 17 Jun 2010 09:57:00 EST. Please see our terms for use of feeds.

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