Saturday, June 26, 2010

Mississippi Toyota plant construction resumes

In a move that will bring 2,000 jobs to the unhappy state, construction will resume on the Mississippi Toyota plant in Blue Springs. As outlined by the Associated Press, Toyota has made it clear that they expect the Mississippi Toyota plant to be fully functional by the fall of 2011. It had initially been slated for completion in 2010, but the recession that began in 2008 made the economic climate unfavorable.

Source for this article: Mississippi Toyota plant construction resumes by Car Deal Expert

Corolla is the Mississippi Toyota plant’s stock in trade

When original plans for the Blue Springs, Mississippi Toyota plant were to make the Prius hybrid car, now the Japanese automaker plans to make 150,000 Corolla compact cars each year. Regardless, industry insiders see this as a step within the right direction for Toyota’s image in North The US. Considering that they’ve had to recall 9 million cars given that October 2009 due to safety issues, Toyota will take any gains available.

Toyota didn’t make friends with U.S. plant closures

New United Motor Manufacturing Inc. (NUMMI), a California plant Toyota shared with GM, was scrapped after the recession and recalls saddled Toyota with massive debt. Toyota President Akio Toyoda tried to repair some of the damage by allying Toyota with Tesla Motors within the San Francisco area, but Toyota still had their work cut out for them.

Toyota and Blue Springs should be together, says Gov. Barbour

Regarding the re-emergence of the Mississippi Toyota plant, Gov. Haley Barbour told the AP:

“We’re delighted but not surprised. We’ve had good reason to keep our faith in them. Through a global economic crisis, Toyota kept its financial commitments to the state and to local schools, proving they’re not just the world’s premier automaker but a valuable community partner also.”

To Blue Springs (and Mississippi), new jobs are of vital importance, and the Mississippi Toyota plant will deliver. While profits for the automaker remain shaky, this move may be the recovery sign investors have been waiting for, indicates the AP.

Additional info can be found here

Associated Press

google.com/hostednews/ap/article/ALeqM5jTG7SuUsayqE6bO9GPluAfU5blewD9GD2RRO0



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