12-15-2008
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Secretary of Defense
Neo-Rationalist
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Member Since: May 2004
Location: US North America Terra
Posts: 2,793
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Re: The Other American Auto Industry- the 'Transplants'
Its not all rosy and wonderful.
Toyota delays production at new Mississippi plant
Quote:
SAN FRANCISCO (MarketWatch) -- Toyota Motor Corp., in the latest bit of evidence to show that auto industry woes extend well beyond Detroit, said Monday it expects to delay the start of production at a plant currently being built in Mississippi.
The factory was originally intended to roll out Highlander sport utility vehicles, but as the pace of a shift in consumer tastes toward small cars quickened, Toyota decided earlier this year to instead build the Prius hybrid sedan starting in 2010.
Toyota said that while it will keep assembly lines idled for now, it will still complete the construction of the plant.
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Production Cut
Quote:
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Hyundai Motor, the nation's top carmaker, began to reduce overtime and stop running lines on weekends at its six local plants Monday in a move to cut its monthly output by 10 percent, or some 150,000 vehicles. It has also curtailed production at its overseas plants in the U.S., China, India and Turkey. Kia Motors, the country's second largest carmaker affiliated with Hyundai, has taken similar measures.
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Just because some guy in Georgia thinks everything is going fine doesn't mean he's correct. If companies like Hyundai are cutting costs and delaying production at plants in their own country how long do you think it will be before they start cutting here.
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