Bruce Nunnally Posted August 11, 2010 Report Share Posted August 11, 2010 Toyota’s executive vice president for global manufacturing said that exporting the Corolla and Yaris to America was no longer profitable due to a strong yen, which is at a 15 year high relative to the U.S. dollar.Given the current exchange-rate situation, it isn’t feasible, in terms of a business model, for us to produce Corolla or Yaris in Japan and export them,” said Niimi. “We’re working very hard to reduce costs to maintain the appeal of these cars. Read More: http://www.autoguide.com/auto-news/2010/08/toyota-strong-yen-means-exporting-small-cars-isnt-feasible.html Bruce 2023 Cadillac CT4-V Blackwing Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
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