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Newspaper
Herald Zeitung
Location
New Braunfels, Texas, United States of America
Date
Mar 04, 2007
Page
8
Toyota celebrates a new $1.3 billion North American plant near Tupelo Mississippi and an eighth U.S. assembly site while lawmakers from Michigan to Mississippi debate the impact of Japanese automakers. Supporters tout jobs and U.S. production, but critics push for fair trade amid yen manipulations and high domestic plant closures atGM, Ford, and Chrysler.
Toyota Motor Corp announced plans to build its eighth North American assembly plant in Mississippi this week. The company reported record U.S. sales and projects about 2.2 million vehicles built in the United States in 2009, as lawmakers note Toyota and other Japanese rivals benefited from a weak yen.
Toyota aims to build cars where they sell them in the United States as it expands production in Mississippi to lower costs. The move comes amid debate over currency practices and protectionist sentiment, with lawmakers arguing a weak yen advantages Japanese automakers and burdens U.S. brands.
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