Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Secondary Navigation
Singapore
Asia Pacific
World
Search
Search:
Toyota says it will reopen US plants to ship to Mideast
AFP - 2 hours 35 minutes ago
TOKYO (AFP) - - Japan's Toyota Motor Corp. said on Friday it would reopen three US factories after a three-month suspension due to falling US demand, using them to produce exports for the Middle East and Latin America.
The factories in Texas, Indiana and Alabama will resume producing Sequoia sports utility vehicles and Tundra pick-up trucks by mid-November, Japan's largest automaker said.
Toyota halted operations at the three factories in August as car sales plummeted in the United States amid the global financial crisis.
But Toyota said it has decided to reopen the factories to produce 15,000 Sequoia SUVs a year for sale in the Middle East.
The factories will also make another 150 Sequoia SUVs along with 1,000 Tundra trucks to sell in Latin America, the company said.
With the decision, Toyota will no longer have any suspensions at its US factories, a Toyota spokeswoman said.
Toyota had enjoyed brisk sales and profits in the United States as strong interest in its fuel-efficient vehicles put it on course to overtake ailing General Motors as the world's top-selling automaker.
But Toyota's sales are expected to fall this year for the first time in a decade due to the global slowdown. Toyota's sales in the United States plunged 29.5 percent in September.
Toyota has been careful not to gloat about its success and stresses its role in creating jobs in the United States, hoping to avoid a protectionist backlash in its crucial market.
Email Story
IM Story
Printable View
Blog This
Recommend this article
Average (0 votes)
Sign in to recommend this article »
Most Recommended Stories »
Related Articles: Business
Philippine stock index soars 4.6 pctAP - 2 hours 6 minutes ago
India's Bharti says no plans to give dividendReuters - 2 hours 9 minutes ago
Daiichi to move clot prevention drug to phase 3Reuters - 2 hours 10 minutes ago
Indonesia's Adaro sees coal output at 42 mln tonnes in 2009Reuters - 2 hours 11 minutes ago
Indian shares extend gain to more than 9 pctReuters - 2 hours 15 minutes ago
Enlarge Photo
Toyota says it will reopen US plants to ship to Mideast
Related Photos
Slideshow Full Photo Coverage: Business & Economy
Most Popular – Business
Viewed
When men see red, they see hot: study
Asian stocks soar on US Fed rate cut
McCain in defiance as Obama boosted by economic data
World's fattest man weds friend's widow
Desperate pleas end in despair as starlet's nephew found dead
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology