Photo: Toyota
Toyota has lost its crown as the world’s biggest automaker by volume and has now got to content itself with the title of Asia’s biggest carmaker.
To deal with one of the problems that has plagued it last year, the increasing value of the Japanese yen, the company will use its North American production facilities to make the cars it needs for export, according to Bloomberg, who spoke with Yoshimi Inaba, chief operating officer for the region.
“This is only a beginning,” Inaba said. “The only way to take advantage of this extremely high yen is to export from this dollar basis.”
At present, North American Toyota factories make cars and trucks that are shipped out to 19 markets, including South Korea and Saudi Arabia. The Camry you see in the picture above, will now be shipped from the US to South Korean instead of Japan. Nissan is expected to make similar shifts in its shipping plans.
“This is only a beginning,” Inaba said. “The only way to take advantage of this extremely high yen is to export from this dollar basis.”
At present, North American Toyota factories make cars and trucks that are shipped out to 19 markets, including South Korea and Saudi Arabia. The Camry you see in the picture above, will now be shipped from the US to South Korean instead of Japan. Nissan is expected to make similar shifts in its shipping plans.
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