Toyota Announces Exports of U.S.-Assembled Venza Crossover to South Korea
Total Toyota Exports on Track to Exceed 130,000 in 2012 -- Highest Ever
NEW YORK, Nov. 14, 2012
NEW YORK, Nov. 14, 2012 /PRNewswire/ --Toyota today announced it began to
export U.S.-assembled Venza crossovers to its distributor in South Korea last
month. Venza exports to South Korea are initially forecasted at approximately
600 units annually. The announcement was made by Toyota Motor Sales U.S.A.,
Inc. Senior Vice President Bob Carter at the Barclays Capital Global
These Venza vehicles will be produced by team members at Toyota's
manufacturing plant in Georgetown, Ky. The plant is Toyota's largest
manufacturing facility outside of Japan, employing about 6,600 team members
directly and creating nearly 20,000 additional jobs with vendors and suppliers
in Kentucky and other states in the region.
This is the first time the U.S.-assembled Venza will be exported outside of
Toyota began exporting U.S.-assembled vehicles in 1988, and now exports
U.S.-assembled vehicles to 21 countries around the world.These exports are
expected to increase in calendar year 2012 to more than 130,000 units – a 52%
increase from last year and an all-time high for Toyota.
The company began exporting Indiana-assembled Sienna minivans and
Kentucky-assembled Camry sedans to South Korea last year. Other exports
include the Kentucky-produced Avalon sedan, the Indiana-produced Highlander
and Sequoia SUVs and the Texas-produced Tacoma and Tundra pick-up trucks.
"We are proud that Venza, designed, engineered and assembled in the U.S., has
garnered so much interest not only here, but abroad," said Mr. Carter. "The
export of Venza vehicles to South Korea helps maintain Toyota's strong, stable
base of U.S. jobs, and is the result of the great work of our talented U.S.
team members and our extensive investments across North America. We look
forward to other opportunities to continue expanding exports from our American
Venza exports to South Korea will ship from the Port of Hueneme, near Oxnard,
About the Toyota Venza
The Toyota Venza, first brought to market in 2008, is a versatile
five-passenger vehicle that couples the styling and comfort of a passenger car
with the flexibility of a sport utility vehicle (SUV), to give customers a
stylish alternative to the traditional sedan.
Venza was primarily engineered at Toyota Technical Center in Ann Arbor,
Mich.Its design was the creation of Toyota's Calty Design studios in Newport
Beach, Calif., and Ann Arbor, Mich. A 109.3-in. wheelbase, overall length of
189 inches and height of 63.4 inches give Venza about the same footprint as a
midsize sedan. Calty designers leaned toward a sleek sedan-like concept with a
wide stance that featured a sporty exterior, but also included important SUV
attributes, such as cargo space, towing capability and available all-wheel
Venza is assembled at Toyota Motor Manufacturing Kentucky (TMMK), in
Georgetown, Ky., also home of the Camry and Avalon sedans. More than 70
percent of Venza's components come from North American suppliers.
Toyota (NYSE:TM) established operations in North America in 1957 and currently
operates 14 manufacturing plants. There are more than 1,800 Toyota, Lexus and
Scion dealerships in North America which sold nearly 2 million vehicles in
2011. Toyota directly employs more than 35,000 in North America and its
investment here is currently valued at more than $23 billion, including sales
and manufacturing operations, research and development, financial services and
design. Toyota's annual purchasing of parts, materials, goods and services
from North American suppliers totals nearly $25 billion.
For more information about Toyota, visit www.toyota.com or
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