Toyota to Produce a New Model in Kyushu, Japan and Lexus ES 350 in Kentucky,
Toyota City, Japan, Apr 19, 2013 - (JCN Newswire) - Toyota Motor Corporation
(TMC) announces that its vehicle and engine production subsidiary in Kyushu,
Toyota Motor Kyushu, Inc. (TMK) will start producing a new model in late 2014.
In addition, Toyota Motor Manufacturing, Kentucky, Inc. (TMMK), a TMC vehicle
and engine production subsidiary in the United States, will begin producing the
Lexus ES 350 for sale in the North American market in the summer of 2015.
TMK, positioned as TMC's second production base in Japan after the Chubu
region (central Japan), is to produce the new model at a pace of 80,000 units a
year. Utilizing the quality control and improvement initiatives developed
since production began there in 1992, TMK produces high-quality, high
value-added vehicles, and plays a vital role within the Toyota group of
TMMK is to produce 50,000 ES 350 vehicles a year for the North American market
to enable more-timely delivery. TMK will continue to produce the ES 250, ES
300h and ES 350.
With the start of ES 350 production, TMMK's total production capacity
will be increased from 500,000 to 550,000 vehicles per year, enabled through a
planned additional investment of approximately 360 million U.S. dollars. The
investments have been made to maximize benefit-cost ratio to enhance overall
profit structure and to ensure the level of Lexus quality that consumers
expect. TMMK intends to hire approximately 750 new employees.
Details with the full press release at
Supported by people around the world, Toyota Motor Corporation (TSE: 7203;
NYSE: TM), has endeavored since its establishment in 1937 to serve society by
creating better products. As of the end of March 2012, Toyota conducts its
business worldwide with 50 overseas manufacturing companies in 27 countries and
regions. Toyota's vehicles are sold in more than 160 countries and
regions. For more information, please visit www.toyota-global.com.
Toyota Motor Corporation
Public Affairs Division
Global Communications Department
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net
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