Member access

4-Traders Homepage  >  Shares  >  Tokyo  >  Toyota Motor Corp    7203   JP3633400001

TOYOTA MOTOR CORP (7203)

46
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Toyota Looks to Make Prius in North America

01/15/2013 | 12:36am US/Eastern
Recommend:
0

DETROIT (Nikkei)--The head of Toyota Motor North America Inc. suggested the company plans to produce the Prius in North America, saying the firm intends to "make cars where they are popular, the Nikkei reported in its Tuesday evening edition."

The Toyota Motor Corp. (>> TOYOTA MOTOR CORPORATION) hybrid is selling well in North America.

Shigeki Terashi made the comments Monday at the North American International Auto Show when asked if his company planned to make the Prius in North America. His comment suggests the firm is looking to gain a cost edge over rivals.

U.S. sales of the Prius reached 240,000 units in 2012, up 73% on the year and accounting for 82% of all hybrids Toyota sells there. The North American unit will also consider locally manufacturing key components for hybrids, such as batteries and motors, according to Terashi.

Honda Motor Co. (>> Honda Motor Co Ltd) also appears to be leaning toward manufacturing hybrids in North America. The company currently sends key components to the U.S. for final assembly.

The firm's president, Takanobu Ito, says Honda may produce hybrids in North America but that the carmaker should first find out exactly how many hybrids will be sold there.

He also said Honda will shift to domestic procurement of motors and other components for hybrids in the U.S.

Stocks mentioned in the article : TOYOTA MOTOR CORPORATION, Honda Motor Co Ltd
Recommend :
0
React to this article
Latest news on TOYOTA MOTOR CORP
41m ago TOYOTA MOTOR : Ryan Truex cleared to race at Bristol a week after concussion sid..
2h ago TOYOTA MOTOR : 55 GOOD THINGS ABOUT WEST VIRGINIA: Jefferds Corporation
7h ago Navinfo H1 Net Up 25%
7h ago TOYOTA MOTOR : Comedian fined for reading while driving
7h ago TOYOTA MOTOR : Prius Plug-in makes driving enthusiasts hang their petrolheads in..
7h ago TOYOTA MOTOR : Plug-in hybrid vehicle global sales expected to top 3 mil. in 203..
8h ago TOYOTA MOTOR : -Eyeing the Checked Flag Early: Team Preps for the 2015 NASCAR Se..
10h ago TOYOTA MOTOR : Yaris and Aygo are new Toyota stars ; MOTORING WORLD
11h ago TOYOTA MOTOR : Fuel for thought from new Yaris
11h ago TOYOTA MOTOR : Riding high on a sales wave ; Lexus
Advertisement
Chart
Duration : Period :
Toyota Motor Corp Technical Analysis Chart | 7203 | JP3633400001 | 4-Traders
Income Statement Evolution
Toyota Motor Corp : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF