In the midst of an economy that isn't recovering as quickly as we'd like, there might be some good news: more vehicles that are made in America.
Now, a strong Euro has made it hard for Toyota Motor
Since there's already less of a profit margin on small cars, and the yen has been so strong, it might make sense to build more small cars, like the Yaris (or potentially the Scion xB or xD) in the U.S., the reasoning goes.
According to Just-Auto.com, Toyota is already the biggest exporter of vehicles to the U.S. What's more, Toyota has had to rely on more exports from Japan after shuttering the Fremont, Calif., NUMMI facility earlier this year. Assembly is expected to start in Mississippi next fall, but now, if small-car sales grow, the company might look for a spot to assemble the Yaris as well.
The 2010 Toyota Yaris starts at just $12,605-significantly lower than other markets -- so the model poses a profitability challenge for the automaker.
Toyota isn't the only company looking to move small-car assembly to a stateside location. General Motors will move assembly for the next generation of its Aveo to Michigan, while Ford
Mexico remains another option. Nissan assembles its Versa in Mexico, and Chrysler late this year will begin selling Mexican-built Fiat 500 models.
International Business Times, The Global Business News Leader