Toyota Motor Corporation President Akio Toyoda will make an announcement tomorrow morning about increasing production in North American. The world’s largest automaker is heavily klonopin online cheap dependent on the North American market for profits and the strong Japanese Yen has been hurting returns for several years by decreasing the value of imports from Japan.
Particularly vulnerable to the ongoing negative currency effect are Toyota’s Scion and Lexus brands, which remain heavily dependent on imports rather than local production. Lexus is the obvious choice for more North American production beyond the limited number of vehicles produced in Ontario, Canada.
Joining Akio Toyoda at a presentation in New York City, where Toyota stock is traded, will be Jim Lentz, Chief Executive Officer of the North America Region. No further details were released. More will be forthcoming on AutoInformed.com tomorrow.
