Uncontrolled Yen Now Makes Smaller Toyota Models Too Expensive To Import
The current strength of the yen makes it unprofitable for Toyota to export the Yaris or Corolla from Japan and the company is examining whether it could produce the Yaris profitably in the US where the car sells for about US$12,600, Atsushi Niimi, executive vice president for global manufacturing, told reporters in the US.
The yen is close to a 15-year high against the US dollar and has advanced 14% against the euro so far this year. The yen is up at least 3% against the world's 16 major currencies.
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uaw_lax -
8/10/2010 12:09:26 PM
+1 Boost
Oh no what will we do now, it's Obamas fault.
Agent009 -
8/10/2010 1:28:51 PM
+2 Boost
Actually blame the World Trade Organization. They finally forced Japan to stop manipulating their currency and by doing so Japan is FINALLY playing on an equal level as the rest of the world.
Joe_Limon -
8/10/2010 7:49:31 PM
0 Boost
wait wasn't huu's big problem with korean cars the currency manipulation? I can't wait to see his response.
FatnSassy -
8/10/2010 12:39:18 PM
+1 Boost
Good keep that crap over there and buy american
acronis -
8/10/2010 7:28:00 PM
+1 Boost
Toyota has enough factory capacity here in the U.S. to build their small cars where this won't really impact them very much, if at all.
uaw_lax -
8/10/2010 7:37:09 PM
+1 Boost
That is true but what they do not want to do in Japan is put their. own people out of work. They also hace contracts with the J.A.W to fulfill.
uaw_lax -
8/11/2010 9:26:27 AM
+1 Boost
You don't here about Jobs leaving Japan because you don't live there and work in a Japanese factory.
uaw_lax -
8/11/2010 9:29:44 AM
+1 Boost
I so-pose you wont be happy until the GOP has us all working for a doller an our so their precious stock value can rise while they plan their wives next boob job with your kids college money.
rubenkincaid -
8/10/2010 10:12:51 PM
+2 Boost
Duh... keep in mind the devaluation of the USD. Where have you been for the past year?
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