JAPAN: Toyota North America output up 41% in 2012
Toyota vehicle production in North America last year rose 41% year on year to 1.78m units, hitting a record high for the first time in five years.
The last peak of Toyota's production in North America was in 2007, when its output was 1.72m units, before the collapse of US investment bank Lehman Brothers and the subsequent financial crisis, Jiji Press reported.
The automaker has several plants making Toyota brand models in the US and Mexico and a Toyota/Lexus plant in Ontario, Canada.
Toyota's US sales rose in 2012 for the first time in five years and the company added new export destinations including South Korea for US-made vehicles, taking advantage of a free trade agreement and favourable currency exchange.
The once-mothballed Mississippi plant Toyota opened in autumn 2011 also pushed up its output in North America.
The North American market, where there is strong demand for luxury and large-sized models with high profit margins, is one of the most important for Japanese automakers.
There are concerns, however, that further moves to strengthen cost-competitiveness by boosting local production there may lead to a hollowing-out of Japan's domestic auto industry, Jiji noted.
You could have been forgiven for thinking just-auto had become an extension of the Toyota PR machine this week, given the number of stories about the automaker. Just the way it goes, some times....
Urgent and concerted action needs to be taken to address the contentious issue of automotive over-capacity in Europe, but also in developing markets according to a study by KPMG....
Strong demand for trucks drove Canadian new vehicle sales overall higher in June though sales of passenger cars slipped compared with a year ago, data compiled by DesRosiers Automotive Consultants sho...
Toyota's Prius hybrid again topped the January-June car sales ranking in Japan, including minivehicles, an auto industry group said....
A total of 12,790 imported cars were sold in South Korea in June, up 20.9% on the same month last year but down 4.6% on May, the Korea Automobile Importers and Distributors Association said....
The hybrid version of Honda's next generation Fit (Jazz in some markets) will be the world's most fuel-efficient car, beating current leader Toyota's Prius c (Aqua in Japan)....
New vehicle sales in Taiwan increased by 7.6% year on year to 32,579 in June, according to industry sources....
The Corolla and HiLux were Australia's two best-selling vehicles so far this year, Toyota Australia said, citing official industry data....
- ANALYSIS: Depressed Thai market forces rethink
- ANALYSIS: VW Group - success and succession
- THE WEEK THAT WAS: Chinese scoop up Pirelli
- Q&A with Victrex
- ANALYSIS: UK supplier industry perks up
- Jaguar unveils second generation XF in London
- Jaguar Land Rover announces Whitley R&D expansion
- New York show debuts: Scion iA added
- Tata's Jaguar Land Rover announces GBP 600m spend
- CLEPA pays tribute to auto air crash victims