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01-05-2009, 09:32 AM
Filed under: Plants/Manufacturing (http://www.autoblog.com/category/plants-manufacturing/), Toyota (http://www.autoblog.com/category/toyota/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/)
http://www.blogcdn.com/www.autoblog.com/media/2009/01/toy_fct_nix.jpg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1MVPs5gzAbU)Just because Toyota is still spending on Formula 1 (http://www.autoblog.com/2008/12/23/despite-downturn-toyota-re-commits-to-f1/) and the Lexus LF-A (http://www.autoblog.com/2008/12/31/toyota-confirms-lf-a-development-still-being-funded/) doesn't mean its not cinching up the fiscal belts -- scaling back at the Detroit Auto Show (http://www.autoblog.com/2008/12/26/japanese-ceos-sitting-out-detroit-show-scale-back-the-glitz/), killing Australia's TRD division (http://www.autoblog.com/category/toyota/page/2/), and delaying a highly anticipated sports car (http://www.autoblog.com/2008/12/22/report-toyobaru-delayed-until-2012-or-later/). And now you can add stopping construction on new factories to that list.
Toyota has a Camry assembly plant in St. Petersburg, Russia where it expected to build 20,000 cars in its first year. The plant didn't make its quota, so a proposed expansion of the facility to begin in 2010 has been put on hold.
In Thailand, Toyota intended to build a diesel engine plant this summer. The $155 million factory would have gone online in 2010 and made powerplants for Toyota pickups. That plan has also been scrapped for the time being.
[Source:Bloomberg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1MVPs5gzAbU)]REPORT: Toyota puts hold on Russia, Thailand plant plans (http://www.autoblog.com/2009/01/05/report-toyota-puts-hold-on-russia-thailand-plant-plans/) originally appeared on Autoblog (http://www.autoblog.com) on Mon, 05 Jan 2009 07:28:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Read (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1MVPs5gzAbU) | Permalink (http://www.autoblog.com/2009/01/05/report-toyota-puts-hold-on-russia-thailand-plant-plans/) | Email this (http://www.autoblog.com/forward/1417825/) | Comments (http://www.autoblog.com/2009/01/05/report-toyota-puts-hold-on-russia-thailand-plant-plans/#comments) http://feedads.googleadservices.com/~at/_rRAdE7D5nZzlX2IrYSZo07COyk/i (http://feedads.googleadservices.com/~at/_rRAdE7D5nZzlX2IrYSZo07COyk/a)
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http://www.blogcdn.com/www.autoblog.com/media/2009/01/toy_fct_nix.jpg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1MVPs5gzAbU)Just because Toyota is still spending on Formula 1 (http://www.autoblog.com/2008/12/23/despite-downturn-toyota-re-commits-to-f1/) and the Lexus LF-A (http://www.autoblog.com/2008/12/31/toyota-confirms-lf-a-development-still-being-funded/) doesn't mean its not cinching up the fiscal belts -- scaling back at the Detroit Auto Show (http://www.autoblog.com/2008/12/26/japanese-ceos-sitting-out-detroit-show-scale-back-the-glitz/), killing Australia's TRD division (http://www.autoblog.com/category/toyota/page/2/), and delaying a highly anticipated sports car (http://www.autoblog.com/2008/12/22/report-toyobaru-delayed-until-2012-or-later/). And now you can add stopping construction on new factories to that list.
Toyota has a Camry assembly plant in St. Petersburg, Russia where it expected to build 20,000 cars in its first year. The plant didn't make its quota, so a proposed expansion of the facility to begin in 2010 has been put on hold.
In Thailand, Toyota intended to build a diesel engine plant this summer. The $155 million factory would have gone online in 2010 and made powerplants for Toyota pickups. That plan has also been scrapped for the time being.
[Source:Bloomberg (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1MVPs5gzAbU)]REPORT: Toyota puts hold on Russia, Thailand plant plans (http://www.autoblog.com/2009/01/05/report-toyota-puts-hold-on-russia-thailand-plant-plans/) originally appeared on Autoblog (http://www.autoblog.com) on Mon, 05 Jan 2009 07:28:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Read (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1MVPs5gzAbU) | Permalink (http://www.autoblog.com/2009/01/05/report-toyota-puts-hold-on-russia-thailand-plant-plans/) | Email this (http://www.autoblog.com/forward/1417825/) | Comments (http://www.autoblog.com/2009/01/05/report-toyota-puts-hold-on-russia-thailand-plant-plans/#comments) http://feedads.googleadservices.com/~at/_rRAdE7D5nZzlX2IrYSZo07COyk/i (http://feedads.googleadservices.com/~at/_rRAdE7D5nZzlX2IrYSZo07COyk/a)
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