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Toyota to build 100k Camrys at the Subie plant
Over 1,000 jobs created. Whoo hoo
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Originally Posted by 1SICKLEX
Over 1,000 jobs created. Whoo hoo
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Subaru's Indiana Plant Will Build Toyotas
TOKYO — Fuji Heavy Industries, the parent company of Subaru, will share its sole U.S. factory with new affiliate Toyota, and the two Japanese automakers will partner on the development of hybrid vehicles.
Until recently, Fuji was teamed with General Motors, but when the U.S. automaker sold its minority stake last fall, nearly half of the shares were acquired by Toyota. Toyota now plans to assemble its best-selling Camry sedan at Fuji's plant in Lafayette, Indiana. The Lafayette plant once assembled Isuzu products and now builds a variety of Subaru models, including the Legacy and the B9 Tribeca. In a related move, Toyota has agreed to share its hybrid gas-electric technology with Fuji, which expects to build a hybrid version of the Subaru Legacy in 2008-'09, according to the Japanese newspaper Nihon Keizai Shimbun. Toyota said it will begin building a hybrid version of the redesigned 2007 Camry sedan later this year at its Georgetown, Kentucky, plant. What this means to you: Future Toyotas and Subarus will be built on the same Indiana assembly line and could share hybrid engine components. Source: http://www.edmunds.com/insideline/do...ticleId=109620 |
EDIT: Theres a thread on this below, might wanna link them up. :thumbup:
Are Camry sales headed for half million a year? Toyota to build sedans at Subaru plant in Indiana James B. Treece Automotive News / March 13, 2006 - 8:45 am TOKYO -- The Toyota Camry already is America's best-selling car, with sales topping 430,000 in 2005. Now Toyota Motor Corp. appears to be aiming to push annual Camry sales to, or maybe even above, a half-million units. Along the way, imports of Toyota Camry sedans may end by 2010. Subaru Indiana Automotive Inc. will begin building Camrys around the spring of 2007. The plan, announced Monday, is part of a new pact with Toyota Motor Corp. Toyota owns 8.7 percent of Suburu Indiana's parent Fuji Heavy Industries Ltd. Subaru Indiana will add capacity for 100,000 Camrys, but the production ramp-up will be slow. Subaru Indiana likely will build only about 30,000 in 2007. That will rise to 90,000 two years later. Toyota CEO Katsuaki Watanabe doesn't expect the added Indiana output to bring a major change in the production mix at Toyota's Georgetown, Ky., complex. The plant builds Camrys, Avalons and Camry Solaras. Instead, he says, he'd like to see the number of Camrys imported from Japan drop "to zero." In 2005, Toyota shipped 28,816 Camrys from Japan. They made up 6.7 percent of Toyota's total U.S. sales of 431,703 Camrys last year. Accounting for the Subaru Indiana production that replaces imports, the extra output would mean approximately 70,000 additional Camrys available for sale. Toyota's Georgetown plant will add a Camry hybrid in October, which will presumably boost sales of the nameplate. The redesigned 2007 Camry started production in Georgetown in mid-February. http://www.autonews.com/apps/pbcs.dl...fsect=BREAKING |
Toyota wants to lower Japanese production the Camry to zero supposedly. That will give Toyota more production capacity to build the Prius. Either way, it's awesome. By 2008, Toyota is expected to have the ability to produce about 2 million cars and trucks from it's North American plants, with this announcement of the Subaru plant, and the expansion of the Woodstock plant in Ontario.
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