31

Dec

Weak June has Toyota reviewing U.S. ops

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Toyota posted a 10% sales decline for its bread-and-butter grade of by the month of June, with numbers that are even worse — an 11.5% drop — when the Scion and Lexus qualitys are added into the equation. In response to these very un-Toyota-like sales declines, the automaker is now revamping its vehicle production in the States. Though it has already introduced measures to slow the production of full-size Tundra trucks and Sequoia SUVs, reports indicate the further cuts will be made at the San Antonio truck plant. The Indiana plant,

which plus produces Tundras, will see workers transferred to other lines where more popular vehicles are assembled. Even plants in Japan that export vehicles to the U.S. could be affected. Toyota is hardly used to seeing double-digit drops in sales in the U.S., so it will be interesting to see how the giant Japanese automaker responds in the months to come.

[Source: MarketWatch]

 

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Original post by Jeremy Korzeniewski

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