Toyota Puts Latest U.S. Plant On Hold

A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping American auto sales and a broader U.S. economic slowdown.

The vehicle assembly plant being built in Blue Springs, near Tupelo, Miss., was initially to be up and running by late 2009 or early 2010, said Toyota Motor Corp. Executive Vice President Mitsuo Kinoshita.

That has now been pushed back to mid-2010 after Toyota reviewed the plans and considered the signs of a slowdown in the U.S. market following the subprime mortgage crisis, Kinoshita told a small group of reporters at a Tokyo hotel.

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lexusrox123 - 5/12/2008 2:04:04 PM

-4 Boost

what's with all this anti-toyota "news" being posted all the time? who cares!

toolatetorace - 5/13/2008 8:51:39 AM

+1 Boost

they are just the facts , just the facts

carchick - 5/12/2008 3:18:14 PM

+2 Boost

I don't think it's anti-toyota - but it is a sign of the american car market, no?

bayareaspeedracer - 5/12/2008 4:03:08 PM

+1 Boost

nice fake photo, carchick.

phistration - 5/13/2008 8:38:37 AM

0 Boost

Evilm, you have no idea what you are talking about. Even from a strictly financial view point it costs Toyota more money to build cars in Japan and sell them in the US than it does to just build and sell them here. Some people have no clue about what they are talking about. Toyota does care about the American public if even just for financial reasons. We are their biggest profit center.

toolatetorace - 5/13/2008 8:53:03 AM

+3 Boost

Mississippi ???!!!! Wow ! they are really looking for cheap labor

deepwater - 5/16/2008 8:56:00 AM

+1 Boost

Toyota loses Prius patent appeal, Toyota answer not to invest.