hone eagle wrote:
They built dedicated plants that are very under utilized = drag on profits.
No they are are making a lot of profit in NA and they have adde other products that were going into the NUMMI venture like moving the Tacoma as well there. The Corolla has gone into plants in Missisippi and Canada.
In late 2008, Toyota announced that all Tundra production would be moved to TMMTX (ending Tundra production in Princeton, Indiana). This announcement effectively preserved the jobs of the 1,850 workers at TMMTX that were threatened by the ongoing financial crisis. Following the bankruptcy announcement of partner General Motors (who subsequently withdrew from the venture), Toyota announced it would be terminating Corolla and Tacoma production at the NUMMI assembly plant.[11] This change ultimately proved to benefit TMMTX, as Tacoma production was announced to be relocating to TMMTX, resulting in the addition of up to 1,000 workers to support the added production.[12] This change effectively moved all of Toyota's US pickup production to TMMTX for the foreseeable future.
Latest News this yearConversely, the Tundra has been in production at the Texas facility since 2006, and Toyota projects that the plant will build its milestone one-millionth new vehicle in September, right around the time the reworked fullsize pickup goes on sale.