Toyota Sets The Stage To Begin Abandoning Japan As Manufacturing Base

Toyota Motor Corp., Asia’s biggest carmaker, may expand production outside Japan as the yen’s gains on currency markets reduce earnings.

“We are struggling,” Chief Financial Officer Satoshi Ozawa said today in an interview at the automaker’s factory in Ovar, Portugal. “We are facing a difficult time. We have to reduce our production costs to compensate for the currency situation,” and that may involve shifting manufacturing from the home market of Japan “to some extent.”

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atc98092 - 10/10/2011 4:49:46 PM

+4 Boost

I was with you until you had to turn it racist.

LexSucks - 10/10/2011 6:20:16 PM

0 Boost

What kind of cars are those above pictured on the assembly line? Wow!!! They look so mean, aggressive, and dynamic. While at the same time there's certain elegance to them. Toyota builds the most attractive looking vehicles on the planet bar none.

uaw_lax - 10/11/2011 10:42:15 PM

+1 Boost

Do you even love yourself?

valhallakey - 10/10/2011 11:29:52 PM

-1 Boost

Hopefully we can move all of our business, manufacturing, services, management, executive, military etc... to a low cost country and save a ton of money! Seems like a great idea to me.

g2ok - 10/11/2011 11:38:26 AM

+2 Boost

They will probably still make cars for domestic use, but the disaster proved that the islands of Japan are vulnerable to mother nature, so it's a sound business plan.